This information is useful if you are considering investing in a Fixed Deposit (FD) and are interested in the current interest rates. Public and commercial banks in the country are offering customers massive interest returns on fixed deposits. Customers can earn interest rates of up to 7.75% on one-year fixed deposits at these institutions, according to an ET article. Here are ten of the best banks in this category regarding the interest they pay their clients.
Interest rates of up to 8% are available here.
On a one-year fixed deposit account (FD), DCB Bank offers 7.25% interest to regular clients and 7.75% to senior citizens. In contrast, customers of Tamilnad Mercantile Bank can earn 7.75% interest on their 1-year fixed deposit and 7.25% interest on their general deposit. In addition, the general public can earn 7% interest on 1-year FDs at Canara Bank, while seniors can earn 7.50% interest.
At RBL Bank, you can get bumper returns.
In contrast, Karnataka Bank offers its regular customers a 7% interest rate on 1-year fixed deposits and a 7.40% interest rate to its senior citizen customers. Aside from this, Deutsche Bank offers its general clients and senior citizen customers the same interest on 1-year fixed deposits. On the other hand, RBL Bank offers a 1-year fixed deposit (FD) at 7% interest to its regular clients and 7.50% interest to its senior citizens.
SBI is offering an interest rate of over 7%.
Bank of India customers can earn 7% interest on a one-year fixed deposit (FD). In contrast, customers 65 and over can earn 7.50%. The State Bank of India offers 7.30% interest to its senior citizen customers and 6.80% interest to its general consumers. In addition, Bank of Baroda and Central Bank of India customers can earn 6.75% interest on one-year fixed deposits and 7.25% interest on accounts held by senior citizens.
