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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.

 

Top 5 Small Finance Banks With Good Returns Up To 7.00% On 1-Year FD

Top 5 Small Finance Banks With Good Returns Up To 7.00% On 1-Year FD

For deposits less than Rs 2 Cr, here are the top 5 small finance banks promising the best interest rates on 1-year FD.

BanksRegular FD RatesSenior Citizen FD RatesW.e.f.
Ujjivan Small Finance Bank 6.50% 7.00% March 5, 2021
ESAF Small Finance Bank 6.50% 7.00% May 2, 2021
Suryoday Small Finance Bank 6.50% 6.75% June 21, 2021
Utkarsh Small Finance Bank 6.25% 6.75% July 1, 2021
Jana Small Finance Bank 6.25% 6.75% May 7, 2021
Source: Banks Websites

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

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

Here are the top 5 private sector banks offering the best interest rates on 1-year FDs for deposits less than Rs 2 Cr.

BanksRegular FD RatesSenior Citizen FD RatesW.e.f.
RBL Bank 6.10% 6.60% July 2, 2021
Yes Bank 6.00% 6.50% June 3, 2021
IndusInd Bank 6.00% 6.50% June 4, 2021
DCB Bank 5.80% 6.30% May 15, 2021
Bandhan Bank 5.50% 6.25% June 7, 2021
Source: Banks Websites

Top 5 Public Sector Banks Promising Best Interest Rates On 1-Year FDs

Top 5 Public Sector Banks Promising Best Interest Rates On 1-Year FDs

Here are the top five public sector banks that are now offering the best interest rates on 1-year fixed deposits of less than Rs 2 Cr.

BanksRegular FD RatesSenior Citizen FD RatesW.e.f.
Canara Bank 5.20% 5.70% 08.02.2021
Indian Overseas Bank 5.15% 5.65% 09.11.2020
Punjab & Sind Bank 5.15% 5.65% 16.05.2021
Punjab National Bank 5.10% 5.60% 01.05.2021
IDBI Bank 5.00% 5.50% July 14, 2021
Source: Banks Websites

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

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

Here are the top 5 foreign banks offering the best interest rates on 1-year FDs for deposits less than Rs 2 Cr.

BanksRegular FD RatesSenior Citizen FD RatesW.e.f.
Standard Chartered Bank 5.30% 5.80% 23 July, 2021
DBS Bank 4.25% 4.25% 20.02.2021
Deutsche Bank 3.85% 3.85% 18.03.2021
HSBC Bank 3.10% 3.60% 26.11.2020
Citi Bank 2.75% 3.25% July 23, 2021
Source: Banks Websites

Read more about: fd fixed deposit investment
Story first published: Friday, July 23, 2021, 12:57 [IST]
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