Fixed deposit(Fixed Deposit) That means FD is one of the most popular investment options. Most investors prefer FDs over the stock market because they are considered more secure. A fixed deposit is also called a term deposit because it involves getting money in the bank for a specified period or term. The interest rates available on FDs vary from bank to bank. Let us know where the best interest rates are available for one, two, three, five year FDs for ordinary citizens.
One year FD
The highest interest rates on fixed deposits with a term of 1 year are available at RBL Bank. This private bank has an interest rate of 6.25%. After this, DCB Bank is getting interest at the rate of 6.00 per cent on one year FD. The interest rate of IDFC First Bank is 6.00%. At IndusInd Bank, customers are getting interest at 6.00 per cent on one-year FDs. Bandhan Bank, on the other hand, has an interest rate of 5.75 per cent.
Two year FD
DCB Bank has an interest rate of 6.50% on 2 year FD. Apart from this, IndusInd Bank is also charging 6.50 per cent interest on two-year FDs. Private sector bank RBL Bank also offers an interest rate of 6.50% on a two-year FD. Bandhan Bank offers 6.25 per cent interest on two-year FDs. IDFC First Bank, on the other hand, offers 6.00 per cent interest on two-year FDs.
Three year FD
DCB Bank offers 6.50% interest on three year FDs. IndusInd Bank will also get interest at 6.50 per cent on a three-year fixed deposit. RBL Bank has an interest rate of 6.30% on three-year FDs. Bandhan Bank, on the other hand, has an interest rate of 6.25 per cent. The interest rate of IDFC First Bank is 6.00%.
Five year FD
The highest interest rate on five-year FDs is 6.60 per cent at DCB Bank. IndusInd Bank has an interest rate of 6.50% on a five year FD. RBL Bank offers 6.30 per cent interest on a five-year fixed deposit. IDFC First Bank has an interest rate of 6.25%.
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