FD Rates: Senior citizens are happy, this bank is giving the highest interest on FD of 444 days..

When it comes to investing, most Indian people prefer to invest in an FD. Because it gives fixed interest, and the money is also safe (FD investment). At the same time, by investing less money in FD as compared to other investment options, good interest can be earned in less time.

If you are also planning to invest money in an FD (FD Scheme), then at this time, many government and private banks of the country are giving great interest on FD. Before investing in an FD, do compare the interest rates of many banks.

This public sector bank is giving strong returns-

Public sector Indian Bank is giving strong interest to its customers on FD. You can get an FD from 7 days to 10 years in the Indian Bank. This government bank is providing interest from 2.80 percent to 7.65 percent on FD (FD Rates).

This much interest will be available on 7 7-day FD-

Indian Bank is offering 2.80 percent interest on the shortest 7-day FD (7-day FD Scheme). This bank is giving the highest interest of 6.90 percent to the general customers on the special FD scheme of 444 days. At the same time, an interest rate of 7.40 percent is being offered to senior citizens and up to 7.65 percent to very senior citizens (FD Scheme for senior citizens).

This much return will be available on 2 2-year FD-

Public sector Indian Bank is offering an interest rate of 6.40 percent to general citizens (FD rates for citizens) and up to 6.90 percent to senior citizens on 2 2-year FD. If Rs 2,00,000 is invested in Indian Bank's 2-year FD scheme, then a total of Rs 2,27,080 will be given to the general citizens on maturity (Maturity amount).

This amount includes Rs 27,080 of fixed interest. Similarly, if you are a senior citizen and deposit Rs 2 lakh in a 2-year FD in Indian Bank, then on maturity, you will be given a total of Rs 2,29,325. In which Rs 29,325 of fixed interest is included.

Fixed return will be available after a certain time-

Amidst the growing popularity of the stock market and mutual funds, FD (FD Rates), i.e., fixed deposit, still has its status and trust. A large population of the country still considers FD as the safest means of investment. While on the one hand, there is tremendous risk in the stock market and mutual funds (Mutual fund FD scheme), on the other hand, in a bank FD, you are offered the principal amount with a fixed interest for a fixed period.

For information, let us tell you that this year, the RBI has cut the repo rate by 1.00 percent, due to which all the banks have also cut the interest rates on FD.

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