For those who are in search of a secured investment option, Fixed Deposits or FDs are seen as one of the leading options. They are less risky and accumulate interest at a predetermined rate within a certain time frame. Banks are at present providing good returns. Therefore, if you plan to invest, then this is the right time to start doing it to capture those higher rates. Below is a preview of some of the banks that have a good FD rate currently.
IndusInd Bank FD rates
IndusInd Bank is offering a solid 7.75% interest for a one-year FD. If you put in Rs 10,000, you’ll get Rs 10,798 after a year. The same rate applies if you invest for two years, but it drops to 7.25% for three and five years.
RBL Bank FD rates
RBL Bank provides a 7.5% interest rate for one year, and that means, Rs 10,000 become Rs 10,771 in a year. They provide 8% for two years and 7. 5% for three years, 7. 1% for five years.
DCB Bank FD rates
At DCB Bank, you can earn 7. 1% interest on a one-year FD growing your Rs 10,000 to Rs 10,729. The rates are slightly higher for longer terms, with 7. 5% for two years, 7. 50% for three years and 7. 4% for five years.
Yes Bank FD rates
Yes Bank is offering a 7.25% rate for a one-year FD, giving you Rs 10,745 on Rs 10,000. The same rate applies for three and five-year FDs.
Dhanlaxmi Bank FD rates
Dhanlaxmi Bank is giving a 6.75% interest rate for a one-year FD, so Rs 10,000 will become Rs 10,692. For longer durations, the lender is offering 6.5% for two years and 7.25% for three and five years. To make the most of your money, consider investing in an FD now before rates drop!
Are you thinking about investing in Fixed Deposits? With current high interest rates in these 5 banks, it might be a smart move to lock in a great return before rates change. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
