Notice: Function is_search was called incorrectly. Conditional query tags do not work before the query is run. Before then, they always return false. Please see Debugging in WordPress for more information. (This message was added in version 3.1.0.) in /var/www/staging/nav_timebull/wp-includes/functions.php on line 6131

Notice: Function is_404 was called incorrectly. Conditional query tags do not work before the query is run. Before then, they always return false. Please see Debugging in WordPress for more information. (This message was added in version 3.1.0.) in /var/www/staging/nav_timebull/wp-includes/functions.php on line 6131
These 10 banks including SBI are giving up to 8% interest on 1 year FD! Let’s check it out – Times Bull

These 10 banks including SBI are giving up to 8% interest on 1 year FD! Let’s check it out

by

If you’re thinking about putting your savings into a Fixed Deposit (FD), this info is definitely for you. Major government and private banks in the country are rolling out some impressive interest rates on FDs. A recent report shows that several banks are offering up to 7.75% interest on a 1-year FD. SBI is among these banks. Let’s check out 10 banks that are providing the highest interest rates for a 1-year FD.

 

Here’s where you can snag 7.75% interest:

DCB Bank offers 7.25% interest for regular customers on a 1-year FD, while senior citizens can get 7.75%. Tamilnad Mercantile Bank matches this with 7.25% for general customers and 7.75% for seniors. Canara Bank is also in the mix, providing 7% for regular customers and 7.50% for senior citizens.

 

RBL Bank

Karnataka Bank offers 7% interest for regular customers and 7.40% for seniors on a 1-year FD. Deutsche Bank has the same rates for both groups. RBL Bank provides 7% for regular customers and 7.50% for senior citizens.

 

SBI offers over 7% interest

Bank of India gives 7% interest to regular customers and 7.50% to seniors on a 1-year FD. Meanwhile, State Bank of India offers 6.80% for regular customers and 7.30% for senior citizens.

Additionally, Bank of Baroda and Central Bank of India are providing 6.75% interest for regular customers and 7.25% for senior citizens on a 1-year FD.

Share.