Fixed deposits (FDs) are still one of the most trusted savings options for many people. The reason is simple — FDs are safe, and you can withdraw money when needed.
Among them, one-year FDs are very popular, as people often avoid locking their money for long terms like 5 or 10 years.
If you’re planning to invest in a one-year FD, here’s a list of banks that are currently offering the best interest rates. The list includes both private and public sector banks:
Bandhan Bank: Offers 7% per annum on retail FDs up to ₹3 crore. Senior citizens get 7.50% per annum.
DCB Bank: Provides 6.90% per annum on one-year FDs. For senior citizens, the rate is 7.15% per annum.
IndusInd Bank: Offers 6.75% per annum on retail FDs up to ₹3 crore. Senior citizens get 7.25% per annum.
Yes Bank: Pays 6.65% per annum on one-year FDs. Senior citizens receive 7.15% per annum.
Union Bank of India & Central Bank of India: Both banks offer 6.40% per annum on retail FDs up to ₹3 crore. Senior citizens get 6.90% per annum.
SBI, PNB, HDFC Bank & ICICI Bank: These banks offer 6.25% per annum on one-year FDs. Senior citizens get 6.75% per annum. At PNB, “super senior citizens” (above 80 years) get 7.05% per annum.
Indian Bank: Offers 6.10% per annum on retail FDs up to ₹3 crore. Senior citizens receive 6.60% per annum.
