FDs offer 9% returns; here are the 10 best investment options
FD - If you're planning to invest in FDs, this news is beneficial for you. These banks are offering a 9 percent return on FDs... So, before investing anywhere, be sure to check their interest rates.
News, Digital Desk- (FD News) Fixed deposits (FDs) remain a preferred safe investment option for Indians. If you're looking to earn a substantial return by investing your savings in FDs, this news is useful.
Currently, many major private and public sector banks are offering their customers interest rates on FDs of up to 9 percent. Planning for this bumper profit could be beneficial for you. (Bank FD rates)
It's worth noting that SBI Bank offers 8.25% interest to its general customers and up to 8.75% interest to senior citizen customers on FDs ranging from 3 years 2 days to less than 5 years. Let's explore the FD rates of the 10 highest-paying banks in detail.
Here you can get interest up to 8.50%-
Bandhan Bank is offering 8% interest to its general customers and up to 8.50% to senior citizen customers on 600 day FDs. Apart from this, DCB Bank is offering 8% interest to its general customers and 8.50% to senior citizen customers on 36 month FDs.
Apart from this, Deutsche Bank is offering 7.75% interest to its general customers and the same interest to its senior citizen customers on FDs of more than 2 years and up to 3 years.
Yes Bank is offering more than 8% interest.
On the other hand, Yes Bank is giving 7.75 percent interest to its general customers and 8.25 percent interest to senior citizen customers on FDs of less than 18 months and up to 36 months.
Apart from this, RBL Bank is giving 7.50 percent interest to its general customers and up to 8 percent interest to senior citizen customers on FDs of 24 months to less than 36 months.
On the other hand, IDFC First Bank is giving 7.50 percent interest to its general customers and up to 8 percent interest to senior citizen customers on FDs of 1 year 1 day to 550 days.
IndusInd Bank, HSBC Bank, and Karur Vysya Bank are offering attractive interest rates on their special term fixed deposit (FD) schemes. IndusInd Bank is offering 7.50% interest to general customers and 8% to senior citizens on FDs ranging from 2 years 9 months to 3 years 3 months.
HSBC Bank is offering similar rates (7.50% for general customers, 8% for senior citizens) for FDs ranging from 732 days to less than 36 months.
Karur Vysya Bank is also offering similar interest rates (7.50% for general customers, 8% for senior citizens) for FDs maturing in 444 days. Senior citizens receive 0.50% more interest under these schemes.