FD Rates 2025- When it comes to keeping money safe, Fixed Deposit is one of the most reliable investment options. Even today it is considered one of the safest investments for Indians. Guaranteed returns on FD, low risk and the safety of your money in the bank give you the comfort of it. Many people make FD for one year. But the question is which bank gives the highest interest on one year FD.
Most banks usually offer the same interest rate on one-year FDs . Let us find out how much interest the country’s top banks, State Bank of India, HDFC Bank and ICICI Bank offer on one-year fixed deposits.
Which banks are giving higher interest on one year FD ?
According to the latest data from bank websites, some major banks are currently offering competitive returns on one-year fixed deposits. HDFC Bank is currently offering 6.25 per cent interest on one-year fixed deposits for regular customers. At the same time, the interest rate for senior citizens is 6.75 per cent. These interest rates of HDFC Bank are effective from June 25, 2025. Like HDFC, ICICI Bank and Kotak Mahindra Bank are offering the same interest rates.
State Bank of India (SBI) is offering an interest rate of 6.25% to regular customers and 6.75% to senior citizens from July 15. At the same time, Union Bank of India is offering a return of 6.40% and 6.90% to general and senior citizens respectively. Almost all banks are offering the same interest rate on one year FD. There is just a slight variation in the returns. Senior citizens get higher returns on fixed deposits.
Apart from FD, you can also get 3 year and 5 year FDs with high and no risk. Banks give slightly higher returns on longer term FDs as compared to 1 year.