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Top 5 Banks Promising Best Interest Rates On 1-Year FDs In 2021

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Fixed deposits are widely favored not only for interest income but also for deposit security among investors with a low-risk profile and those saving to fulfill short-term goals, maybe one year. Regardless of any changes on the banks' FD interest rates in the interim, the interest rates of FDs placed by you stay unchanged until maturity. Apart from the assured return benefits, a deposit maintained with a scheduled bank is also insured up to Rs 5 lakhs by DICGC which is a subsidiary of the Reserve Bank of India (RBI). So if you as an investor want to begin your investment journey with assured returns of fixed deposits bundled with capital security, here are the top 5 banks promising the best interest rates on 1-year fixed deposits.

 

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Story first published: Friday, July 23, 2021, 12:57 [IST]
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