High FD Rate: If you are thinking of earning better profit by investing your savings in fixed deposits, then this news can be special for you. By investing in FD, customers get guaranteed income after a fixed period.
Let us tell you that in the last few years, the private and public sector lenders of the country have been giving great returns to their customers on fixed deposits. Many of these banks are giving up to 7.75 percent interest to their customers on 1 year FD. We are going to tell about some such banks which are giving the highest return on 1 year FD.
DCB Bank
At the same time, DCB Bank is offering 7.25 percent interest to its ordinary customers on 1 year fixed deposit. While the bank is offering 50 bps i.e. 7.75 percent interest to its senior citizen customers for the same time period.
Tamilnad Mercantile Bank
Tamilnad Mercantile Bank is giving 7.25 percent interest to its ordinary customers on 1 year fixed deposit. Whereas, at the same time, senior citizen customers of the bank get 7.75 percent interest on FD.
Canara Bank
Ordinary customers get 7 percent interest on 1 year fixed deposit in Canara Bank. Whereas, senior citizens are getting 7.50 percent interest on FD for the same time.
Karnataka Bank
Karnataka Bank is giving 7 percent interest to its ordinary customers on 1 year FD. Whereas, at the same time, the bank is giving 7.40 percent interest to its senior citizens.
Deutsche Bank
At the same time, Deutsche Bank is giving 7 percent interest to ordinary customers on 1 year FD. Whereas, the bank is also giving 7 percent interest to its senior citizen customers on 1 year FD.