If you’re looking for a safe way to invest your savings, fixed deposits (FDs) are one of the most reliable options.
FDs not only protect your money but also offer good returns, making them a popular choice among investors.
Currently, both public and private sector banks are offering attractive interest rates on 1-year FDs.
Some banks are even providing rates as high as 8%, giving investors an excellent opportunity to grow their savings.
Top Banks Offering High Returns on 1-Year FDs
Here’s a look at some of the best banks and their FD rates for 1-year deposits:
Canara Bank: 7% for general customers, 7.50% for senior citizens
DCB Bank: 7.25% for general customers, 7.75% for senior citizens
Tamil Nadu Mercantile Bank: 7.25% for general customers, 7.75% for senior citizens
Karnataka Bank: 7% for general customers, 7.40% for senior citizens
Deutsche Bank: 7% for both general and senior citizens
RBL Bank: 7% for general customers, 7.50% for senior citizens
Bank of India: 7% for general customers, 7.50% for senior citizens
Other Notable Banks with Attractive FD Rates
State Bank of India (SBI): 6.80% for general customers, 7.30% for senior citizens
Bank of Baroda: 6.75% for general customers, up to 7.25% for senior citizens
Central Bank of India: 6.75% for general customers, up to 7.25% for senior citizens
These rates make it clear that senior citizens enjoy slightly higher returns across most banks.
Even if you’re a regular investor, these FDs provide a safe and steady growth for your savings.
Why Choose Fixed Deposits?
Fixed deposits are ideal if you want:
Guaranteed returns without market risks
Flexibility in choosing investment tenure
Additional benefits for senior citizens
With attractive rates across major banks, now is a good time to consider a 1-year FD and make your savings work harder.
