These 5 banks are giving interest up to 6% on 1 year FD, also know 5 ‘Best FD rates’ for senior citizens

In this, IndusInd Bank is in the first place, which is giving returns to the general depositors at the rate of 6%. This bank is giving 10613 rupees in 1 year on the investment of 10 thousand rupees. At number two is RBL Bank, whose rate is 6 percent.

Bank FD Rates

Fixed deposits have been placed among the safest investment instruments. Bank FD (Bank FDYou can also arrange a lump sum amount along with the money for the necessary expenses. This is the reason why people plan for some big future work or retirement planning.retirement planning) to deposit money in fixed deposits. Senior citizens (senior citizens) have the most money in FDs.Senior citizen FD) put. In that too retirees have more money. In view of this investment, interest is given more than the normal rate on the account of Senior Citizen. Let us know how much interest is being received by normal depositors on 1 year FD and what is the rate for senior citizens.

Maturity of any FD account can be for different years. Usually FDs are run from 7 days to 10 years of maturity. Talking about short term FD, its maturity can be from 7 days to 12 months. The difference in the interest rate of FD can be seen according to the tenure and the bank. Whenever you go to take FD, then you must match the rates of banks once. See how much return is being given in which bank according to the period. Accordingly, one should invest in FDs.

Things to know before taking FD

The rate at which banks are giving you FD, that rate may change in future. The interest rate may increase or decrease. This happens because the Reserve Bank decides the rate of deposit schemes. Announces the rate in its economic review. Banks can increase or decrease the rate of their FD depending on the rate of RBI. Let us know about those FDs which are paying the highest interest in the maturity of the year.

Which bank is paying how much interest

In this, IndusInd Bank is in the first place, which is giving returns to the general depositors at the rate of 6%. On an investment of Rs 10,000, this bank is giving Rs 10613 in 1 year. The second number is RBL Bank, whose rate is 6 percent and it is also giving a return of Rs 10613 on investment of Rs 10,000. After this is the name of DCB Bank which is giving 5.55 percent interest. 10566 returns are being given on Rs 10,000. After this comes the name of Bandhan Bank which is giving 5.25 percent interest on FD. This bank is giving a return of Rs 10535 on FD of Rs 10,000. The name of IDFC First Bank is in fifth place. This bank is giving interest at the rate of 5.25 percent and is getting a return of Rs 10535 on 10 thousand.

What is the rate for senior citizens

If you look at the 1-year FD for senior citizens, IndusInd Bank is giving 6.5% interest and getting Rs 10666 on the investment of 10 thousand. In the same category, there is also FD of RBL Bank which is giving 6.5% interest on 1 year FD to senior citizens. In the third place is DCB Bank, which is giving 6.05 percent interest to senior citizens on 1 year FD. This bank is giving a return of Rs 10618 on a deposit of Rs 10,000. After this, there is Bandhan Bank which is giving 6 percent interest and getting maturity of Rs 10613 in 1 year on FD of Rs 10,000. Finally, there is the name of Axis Bank which is giving 5.75 percent interest to senior citizens on 1 year FD. This bank is giving a return of Rs 10587 on an investment of Rs 10,000.

Recently, State Bank, HDFC Bank and Kotak Mahindra Bank have increased FD rates. But his name is not yet in the FD of the year. Only small banks are giving more profit on 1 year FD. SBI has implemented its new rates from January 15, 2022 and is giving normal rate of 5.1% and 5.6% interest to senior citizens.

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