india employmentnews

FD Rate Hike: These big banks are giving the highest interest on 1 year FD, know the details..

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If you are thinking of earning better profits by investing your savings in Fixed Deposit (FD) shortly (high-return FD banks), then this news is for you. By investing in fixed deposits, customers get guaranteed income after a fixed period (Fixed deposit investment).

Let us tell you that in the last few years, big private and public sector lenders of the country have been giving better returns to their customers on FD (FD rates hike). 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 that 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 (DCB bank FD rates). Whereas the bank is offering 50 basis points more interest i.e. 7.75 percent to its senior citizen customers for the same period.

Tamilnad Mercantile Bank

Tamilnad Mercantile Bank is offering 7.25% interest on 1 year FD to its general customers. Whereas for the same period (Tamilnad Mercantile Bank FD rates), senior citizen customers of the bank get 7.75 percent interest on FD.

Canara Bank

General customers making 1 year FD in Canara Bank get 7% interest. Whereas for the same period, senior citizens are getting 7.50% interest on FD (Canara Bank FD rate).

Karnataka Bank

Karnataka Bank is giving 7% interest on 1 year FD to its general customers. Whereas the bank is giving interest of 7.40 percent to its senior citizen customers (Karnataka Bank FD rates) for the same period.

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 (Deutsche Bank FD rates).

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