Many banks are offering attractive interest on one year FD. Many government banks are also included in this list. PNB is giving more than 7% interest on one year FD.
Bank FD Interest Rates: Fixed deposits are considered to be the best option for both savings and investment. Many banks are also currently offering attractive interest on FDs. The meeting of the Monetary Policy Committee of RBI has started from 6th June. A decision on the repo rate may come on June 8. When repo rates increase, banks also increase FD interest rates. Although there was no change in the last MPC meeting, many banks have increased the interest rates on FDs. There are many such banks, which these days are offering great interest on one year FDs. If you are looking for short term investment plan, FD schemes of these banks can prove to be a good option for you.
Punjab National Bank Of India
PNB is the main public sector bank of India. Recently the bank had changed the interest rates of FD. At present, it is paying 6.80 per cent interest on one-year FD to general customers. The interest rate for senior citizens is 7.30 per cent and for super senior citizens is 7.60 per cent.
State Bank Of India
SBI is the largest public sector bank in the country. The bank is giving 5.88 percent interest on FDs ranging from 211 days to 1 year to ordinary citizens. At the same time, the interest rates for senior citizens are 6.40 percent.
ICICI Bank
ICICI Bank is a leading private sector bank in India. 6.70 percent interest is being given by the bank on FDs of one year to 389 days. The interest rate for senior citizens is 7.20 per cent.
HDFC bank
HDFC Bank, one of the leading private sector banks in the country, has also been offering one year FDs. Offering 6.60 percent interest on FDs ranging from one year to less than 15 months to ordinary citizens. And the interest rate for senior citizens is 7.10 percent.
