Fixed Deposit: For individuals who invest in fixed deposits (FDs), it is advisable to choose a bank that offers a higher interest rate on these deposits. In this context, we will highlight six prominent banks that provide a return of 7.85 percent interest rate on FDs.
Here is the list, containing name of 6 banks, where you can find the best possible return rate on FD:
HDFC Bank, the largest private bank in the country, offers an interest rate of 7.25 percent on FDs with a tenure ranging from 18 to 21 months. For senior citizens, this rate increases to 7.77 percent.
ICICI Bank also provides an interest rate of 7.25 percent on FDs with a tenure of 15 to 18 months, with rates reaching up to 7.85 percent for senior citizens.
Kotak Mahindra Bank offers an interest rate of 7.4 percent on FDs with a tenure of 390 to 391 days, which can go up to 7.9 percent for senior citizens.
Bank of Baroda provides an interest rate of 7.15 percent on FDs with tenures of 2 to 3 years, with rates increasing to 7.65 percent for senior citizens.
Union Bank of India offers an interest rate of 7.3 percent on FDs with a tenure of 456 days, which can rise to 7.8 percent for senior citizens.
Federal Bank provides an interest rate of 7.5 percent on FDs with a tenure of 444 days, with rates reaching up to 8 percent for senior citizens.
Disclaimer
This is general information based on available online sources. Please verify before making any transactions. Times Bull is not responsible for any financial investments made, as it is entirely your responsibility. For better results, please consult a financial advisor.