Today, we’ll share the one-year FD interest rates of some of the country’s leading and most prominent banks. We’ll also explain how much return you’ll receive if you invest ₹5 lakh in these FDs. Let’s find out.
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When it comes to safe investments, most people prefer to invest their money in bank FDs. This is because of the security of their funds and the fixed returns they offer. Different banks across the country offer different interest rates on their FDs. Therefore, investors should invest in FDs with banks that offer higher interest rates.
SBI’s 1-Year FD
SBI, the country’s largest public sector bank, offers its customers a 6.25 percent interest rate on its 1-year FD. If you invest ₹5 lakh in this FD, you will receive a total of ₹531,990 upon maturity.
In addition to SBI, HDFC Bank, Canara Bank, ICICI Bank, and Axis Bank also offer their customers a 6.25 percent interest rate on their 1-year FDs.
BOB’s 1-Year FD
BOB, the country’s leading public sector bank, offers its customers a 6.10 percent interest rate on its 1-year FD. Therefore, if you invest ₹5 lakh in this FD, you will receive a total of ₹531,205 upon maturity.
IndusInd Bank’s 1-Year FD
IndusInd Bank offers its customers an interest rate of 6.75% on its 1-year FD. So, if you invest Rs 5 lakh in this FD, you will receive a total of Rs 5,34,614 upon maturity.
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