If you are planning to invest your money in a bank’s Fixed Deposit (FD) scheme to secure your future, this is the perfect opportunity for you. Many leading private and government banks in India are currently offering attractive interest rates on 1-year FD schemes. Let’s take a detailed look at how much return you can get from the top 5 banks on a 1-year fixed deposit.
Canara Bank FD Scheme: 1-Year Fixed Deposit Details
Canara Bank is offering a 7% interest rate on its 1-year fixed deposit scheme for regular citizens. Senior citizens can earn even higher returns with a 7.50% interest rate on the same 1-year FD. So, if you are planning to invest in Canara Bank’s FD scheme, this is a great opportunity to secure good returns on your savings.
Bandhan Bank FD Scheme: Attractive Interest on 1-Year Fixed Deposit
Each bank offers different FD interest rates. Bandhan Bank currently provides 8.05% interest to regular citizens on a 1-year fixed deposit. For senior citizens, the bank is offering a higher interest rate of 8.55%. If you’re looking to invest in a high-return FD scheme, Bandhan Bank could be an excellent option. You can visit your nearest branch to open an FD account.
SBI FD Scheme: Interest Rates on 1-Year Fixed Deposit
The State Bank of India (SBI) is India’s largest government bank and offers a variety of fixed deposit schemes. For regular customers, SBI provides an interest rate of 6.80% on a 1-year FD. Senior citizens can earn 7.30% interest on the same term. If you’re planning to invest in SBI’s fixed deposit scheme, visit your nearest branch for complete details and assistance.
Bank of Baroda FD Scheme: Earn Great Returns on 1-Year Fixed Deposit
Bank of Baroda offers multiple FD options for investors. On a 1-year fixed deposit, regular customers get 6.75% interest, while senior citizens earn 7.25%. If you’re looking for a safe and profitable investment option, Bank of Baroda’s 1-year FD scheme can be a good choice.
PNB FD Scheme: Interest Rates on 1-Year Fixed Deposit
Punjab National Bank (PNB) offers a 6.80% interest rate on 1-year fixed deposits for regular citizens. Senior citizens get a higher return of 7.30% for the same tenure. If you want to invest in a reliable and secure FD scheme, this could be the right time to go with PNB.
Important Note:
If you are planning to invest in a fixed deposit scheme, make sure to visit your nearest bank branch for complete and updated information. The interest rates mentioned above are indicative and may change over time depending on bank policies and market conditions.
