One year FD Rate: If you are also thinking of investing in FD for one year, then check the interest rates of different banks.
FD for One Year: Fixed Deposit (FD) is a safe and reliable investment option, which gives guaranteed returns (FD Interest Rates). If you are planning to invest in FD for a period of 1 year, then this information will help you make better investment decisions.
Interest Rates on 1 Year FD (2025)
IndusInd Bank
- Interest Rate: 7.25% p.a.
- Senior Citizen: 7.75% p.a.
- Features: IndusInd Bank offers attractive interest rates on 1 year FD. This bank allows online FD opening, and senior citizens get additional 0.50% interest.
Axis Bank
- Interest Rate: 6.70% p.a.
- Senior Citizen: 7.20% p.a.
Features: Axis Bank offers competitive rates for different tenures. This interest rate on 1-year FD is suitable for those looking for stable returns. Both online and offline FD opening facility is available.
ICICI Bank
- Interest rate: 6.60% p.a.
- Senior citizens: 7.10% p.a.
Features: ICICI Bank FDs have features like auto-renewal and loan against FD. Senior citizens get an additional 0.50% interest. The minimum investment amount is Rs 10,000.
Punjab National Bank (PNB)
- Interest rate: 6.80% p.a.
- Senior citizens: 7.30% p.a.
Features: PNB offers several FD schemes, such as PNB Uttam and PNB Yearly Income Plan. Penalty may apply on premature withdrawal. Senior citizens get an additional 0.50% interest.
Bank of Baroda
- Interest rate: 6.85% p.a.
- Senior citizens: 7.35% p.a.
- Features: Bank of Baroda’s FD schemes, such as Baroda Advantage Fixed Deposit, offer flexibility with secure returns. Senior citizens get an additional 0.50% interest.
State Bank of India (SBI)
- Interest rate: 6.80% p.a.
- Senior citizens: 7.30% p.a.
- Features: SBI’s FD schemes are reliable and secure. Interest can be paid on a quarterly or monthly basis. A penalty of 0.50% to 1% may be applicable on premature withdrawal.
Keep this in mind before investing
If you are also thinking of investing in FD for a year, then you must keep in mind that interest rates keep changing from time to time. Check the latest rate from the bank branch before investing. TDS is deducted on annual interest above Rs 10,000. You can submit Form 15G/15H to avoid TDS. Most banks charge a penalty of 0.50% to 1% on premature withdrawal. The minimum investment amount in most banks ranges from Rs 1,000 to Rs 10,000.
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