If you are looking to grow your savings securely and are considering investing in a 1-year Fixed Deposit (FD), we provide information on interest rates offered by some major banks. This will help you choose the most suitable bank for your needs.
Fixed Deposits (FDs) are considered a popular and reliable investment option. Many investors prefer bank FDs to safely grow their capital. Various banks in India offer FD schemes with different tenures and varying interest rates.
If you are an investor who prioritizes bank FDs, we will provide information on the interest rates and benefits of 1-year FD schemes from several banks to help you make an informed decision.
State Bank of India (SBI)
SBI is India's largest public sector bank. The interest rate on its 1-year Fixed Deposit (FD) is 6.50% for regular customers. Senior citizens receive a higher interest rate of up to 7% for the same period.
Punjab National Bank (PNB)
PNB is also among India's leading public sector banks. The interest rate on a 1-year FD is 6.70% for regular customers, while senior citizens receive a higher rate of 7.20%.
Bank of Baroda (BOB)
Bank of Baroda is another large public sector bank. Its 1-year FD interest rate is 6.80% for regular customers and increases to 7.30% for senior citizens.
HDFC Bank FD
HDFC Bank is one of India's largest private sector banks. The interest rate on a 1-year FD is 6.6% for regular customers and 7.1% for senior citizens.
Axis Bank FD
Axis Bank is also among India's leading private sector banks. Its 1-year FD offers an interest rate of 6.7% for regular customers, increasing to 7.2% for senior citizens.
