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.

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Bumper interest on FD of these banks

There is 7% interest rate on FDs with a tenure of 2 years to less than 3 years. For senior citizens, this rate is 7.50 per cent.

Interest rate on ICICI Bank FD

ICICI Bank is offering 7.1 per cent interest rate on FDs between 15 months and 2 years. For senior citizens, this rate is 7.6 per cent.

Interest rate on HDFC Bank FD

FDs between 15 months and 18 months have an interest rate of 7.10%. For senior citizens, this rate is 7.60 percent.

SBI’s interest rate on FD

There is 7% interest rate on FDs with a tenure of 2 years to less than 3 years. For senior citizens, this rate is 7.50 per cent.

Interest Rate on Kotak Mahindra Bank FD

Kotak Mahindra Bank is offering 7.2% interest rate on FDs of 390 days and less than 2 years. For senior citizens, this rate is 7.70 percent.

Yes Bank FD interest rate

Yes Bank is offering 7.5 per cent interest rate on FDs between 15 months and 36 months. For senior citizens, this rate is 8 percent.

Interest rate on Axis Bank FD

Axis Bank is offering 3.50% to 7.20% interest on FD. For senior citizens, this rate is 3.50-7.95%.

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Now, in this sequence, Jana Small Finance Bank has also increased the interest rates on fixed deposits ie FDs. Jana Small Finance Bank has come out with a special FD scheme for its customers on its 5th anniversary. In this, customers have the chance till 31 March 2023 only. Jana Small Finance Bank is giving 8.85% annual interest to senior citizens and 8.15% to general customers. The bank is offering 8.85 per cent and 8.15 per cent interest on 500 days FD.

There is good news for bank FD holders. After increasing the repo rate by RBI, banks have also started increasing interest rates. Along with increasing the interest rate on loans, banks have also started increasing interest rates on deposits. Now, in this sequence, Jana Small Finance Bank has also increased the interest rates on fixed deposits ie FDs.

Jana Small Finance Bank has come out with a special FD scheme for its customers on its 5th anniversary. In this, customers have the chance till 31 March 2023 only. Jana Small Finance Bank is giving 8.85% annual interest to senior citizens and 8.15% to general customers. The bank is offering 8.85 per cent and 8.15 per cent interest on 500 days FD.

Jana Small Finance Bank is a small finance bank, which started operations on March 28, 2018. Its headquarter is in the city of Bengaluru. The Reserve Bank of India has issued a license to the bank under Section 22 of the Banking Regulation Act, 1949.

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Will get maximum interest of 8.71%

After this increase in interest rates, Fin care Small Finance Bank is giving 8.11% interest to its general customers on FD of 750 days .At the same time, this small finance bank is giving 8.71% interest to its senior citizen customers for the same period. According to the information received from the official website of Fin care Small Finance Bank, the increased new interest rates are applicable from 13 February.

Increased new FD rates of Small Finance Bank

After this increase in the interest rate, this small finance bank is giving its customers 3% on FDs of 7 days to 45 days, 3.50% on FDs of 46 days to 90 days, 91 days to 180 days 4.50% on FD, 5.50% on FD of 181 days to 364 days, 7.25% on FD of 12 months to 15 months and 7.30% on FD of 15 months 1 day to 499 days. The same will give interest of 7.50% to its customers on FD of 500 days, 7.30% on FD of 501 days to 18 months and 7.30% on FD of 18 months to 24 months.

Here you will get 8.11% interest, on the other hand, this small finance bank offers its customers 7.50% on FDs of 24 months to 749 days, maximum 8.11% on FDs of 750 days, 7.50% on FDs of 751 days to 999 days and 1000 days. But will give interest of 8%.Apart from this, the bank offers 7% on FDs of 1001 days to 48 months, 6.75% on FDs of 48 months 1 day to 59 months, 7% on FDs of 59 months 1 day to 66 months and 66 months 1 day to 84 months. Will give interest of 6%.

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