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 Deposit, customers get guaranteed income after a certain period.
Let us tell you that in the last few years, the country’s big private and public sector lenders are giving better returns to their customers on FD. Many of these banks are giving up to 7.75 percent 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 on 1-year FDs to its general customers. Whereas, the bank is offering 50 basis points higher interest i.e. 7.75% to its senior citizen customers for the same time period.
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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% interest on FD.
Canara Bank
Ordinary customers who make 1 year FD in Canara Bank get 7% interest. Whereas senior citizens are getting 7.50% interest on FD for the same time period.
Karnataka Bank
Karnataka Bank is giving 7% interest on 1 year FD to its general customers. Whereas the bank is giving 7.40% interest to its senior citizen customers for the same time period.
Deutsche Bank
Deutsche Bank is giving 7% interest to its general customers on 1 year FD. While the bank is also giving 7% interest to its senior citizen customers on 1 year FD.
