If you are planning to earn better returns by investing your savings in a Fixed Deposit (FD), then this news will be helpful for you. At present, many big private and government banks are offering high returns on 1-year FDs. DCB Bank is also one of them. It is giving 7.25% interest to regular customers and 7.75% interest to senior citizens on 1-year FDs. Let us now look at 10 such banks that are giving the highest interest rates to their customers on 1-year Fixed Deposits.

Tamil Nadu Mercantile Bank Offers Up to 7.75% Interest

Tamil Nadu Mercantile Bank is giving 7.25% interest on 1-year FDs to general customers and 7.75% interest to senior citizens.

Canara Bank and Karnataka Bank FD Rates

Canara Bank is offering 7% interest to general customers and 7.50% interest to senior citizens. Karnataka Bank is also offering 7% interest to general customers and 7.40% to senior citizens on 1-year FDs.

Deutsche Bank, RBL Bank, and Bank of India

Deutsche Bank is giving 7% interest to both general and senior citizen customers. RBL Bank is offering 7% interest to general customers and 7.50% interest to senior citizens. Bank of India is also offering 7% to general customers and 7.50% to senior citizens on 1-year FDs.

State Bank of India, Bank of Baroda, and Central Bank of India

State Bank of India is giving 6.80% interest to general customers and 7.30% to senior citizens. Bank of Baroda is offering 6.75% interest to general customers and 7.25% to senior citizens. The Central Bank of India is also giving 6.75% interest to general customers and 7.25% to senior citizens on 1-year FDs.