A large population in the country looks for good returns on their savings. In such a situation, many people invest in the stock market or mutual funds to get excellent returns on their savings. It is to be noted that these areas of investment are prone to market risks. In such a situation, most people look for safe investment options. When it comes to safe investment options. In such a situation, the first choice of the people is the fixed deposit scheme of the banks. In a Fixed Deposit scheme, money has to be invested for a fixed period, on which the investor gets a fixed amount of return. In such a situation, many people think it is better to invest in long-term fixed deposits. In this, they get more return. In this episode, today we are going to tell you about those banks, whose investment in the FD scheme gives you a great rate of interest. Let's know -
State Bank of India (SBI)
According to the State Bank of India website, the bank is offering an interest rate of 5.88 percent to common citizens on deposits ranging from 211 days to 1 year. At the same time, this interest rate has been fixed at 6.40 percent for senior citizens.
Punjab National Bank (PNB)
Punjab National Bank is offering an annual interest rate of 6.80 percent to ordinary citizens on a one-year FD. On the other hand, this interest rate for senior citizens on one-year FD is 7.30 percent. Apart from this, super senior citizens are getting an interest rate of 7.60 percent on one year FD.
HDFC Bank
This bank is offering an interest rate of 6.60 percent to common citizens on FDs with short tenures ranging from one year to 15 months. On the other hand, senior citizens are getting an interest rate of 7.10 percent.
ICICI Bank
ICICI Bank is offering an interest rate of 6.70 percent on FDs from one year to 389 days. At the same time, this interest rate for senior citizens is 7.20 percent.
(PC: Freepik)
