Bank Fixed Deposits (FDs) come with the option of a different tenure with a different rate of interest. The customers can take the tenure depending on their need between 7 days to 10 years. For people looking to invest and earn in a short period, one year FD may be a great choice.
Banks FD Rates
Nowadays, a lot of private banks are providing better than usual rates on one-year fixed deposits than some banks have gone over 8% returns. These include Bandhan Bank and DCB Bank. In the meantime, HDFC Bank, the largest private bank in India offers a maximum of 6.60% on one year tenure its fixed deposit which is quite better for its prospective customers.
Bandhan Bank-
This private sector bank provides 8.01 percent rate of interest for one-year FD to the general public. The senior citizens are offered an interest of 8.55 percent.
DCB Bank 1 Year Fixed Deposit
DCB Bank is also providing a good rate of interest for the one year FD. On tenures between 12 months and less than 15 months, the general public is given a normal interest rate of 7.50 percent while senior citizens are offered 8 percent interest rate. The interest rate for super senior citizens is 8.25%.
IndusInd Bank-
This private sector bank is providing attractive returns on one year FD. For a period ranging from 1 year to less than 1 year 3 months, the ordinary citizens are given an interest of 7.75 percent. The interest rate for senior citizens is 8.25 percent.
Also Read: New Toyota Innova Car Launched With Features Like Fortuner, Best In 7 Seater Segment
Also Read: Gold Price Update: Today It Rises By 3300 Rupees, Know The 18, 22 And 24 Carat Gold Rate