If you are thinking of earning better profits by investing your savings in Fixed Deposit (FD) in the near future, then this news is for you. By investing in fixed deposits, customers get guaranteed income after a fixed period. Let us tell you that in the last few years, big private and public sector lenders of the country are giving better returns to their customers on FD. Many of these banks are giving up to 7.75% interest to their customers on 1 year FD. Let us know about 5 such banks which are giving the highest returns to their customers on 1 year FD.
DCB Bank
DCB Bank is offering 7.25% interest to its general customers on 1 year FD. Whereas the bank is offering 50 basis points more interest i.e. 7.75 percent to its senior citizen customers for the same time period.
Tamilnad Mercantile Bank
Tamilnad Mercantile Bank is giving 7.25% interest on 1 year FD to its general customers. Whereas for the same time period, senior citizen customers of the bank get 7.75 percent interest on FD.
SBI: Up to 7.60% interest is available on this special FD scheme of 400 days.
Canara Bank
General customers making 1 year FD in Canara Bank get 7% interest. Whereas for the same time period, senior citizens are getting 7.50% interest on FD.
Karnataka Bank
Karnataka Bank is giving 7% interest on 1 year FD to its general customers. Whereas the bank is giving 7.40 percent interest to its senior citizen customers for the same time period.
Bumper profit, ₹170 dividend, this company wasted money on investors
Deutsche Bank
Deutsche Bank is giving 7% interest to its general customers on 1 year FD. Whereas the bank is also giving only 7% interest on 1 year FD to its senior citizen customers.
