New Delhi: The Reserve Bank of India’s decision to keep the repo rate unchanged has guided banks to increase their FD rates since this will help them raise funds. This is a great time for investors to earn a sizeable sum on their investments through fixed deposit (FD) returns. Check SBI, HDFC Bank, ICICI Bank, and Bank of Baroda FD rates for 1-year duration.
SBI FD rate
The State Bank of India offers a 6.8 per cent FD rate for 1-year duration
If you invest Rs 5 lakh for 1-year in an SBI FD, you will earn an interest of Rs 34,876
For senior citizens, the rate of interest is 7.30 per cent
A Rs 5 lakh investment will earn Rs 37,511 interest on Rs 5 lakh investment for 1 year
Bank of Baroda
Bank of Baroda offers 6.85 per cent interest rate
If a general investors parks Rs 5 lakh in Bo Fd for 1 year, they will earn Rs 35,140 interest
Senior citizens will earn Rs 37,775 interest on an investment of Rs 5 lakh
ICICI Bank FD rates
ICICI Bank offers a 6.70 per cent rate of return on 1-year deposits.
The total interest on a 1-year FD on a principal sum of Rs 5 lakh will be Rs 34,351.
Senior citizens will earn on interest of Rs 50,568 if they invest Rs 5 lakh for 1 year
HDFC Bank FD rates
HDFC Bank offers a 6.50 per cent FD rate on 1-year deposits.
If you invest Rs 5 lakh in the FD with the bank, it will earn an interest of Rs 33,784.
Senior citizens can earn up to Rs 36,413 interest on a similar investment
Bank FD rates: IF you plan to invest RS 5 lakh for 1 year, here’s how much you will earn from SBI, HDFC Bank, ICICI Bank, or Bank of Baroda. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
