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HomePersonal FinanceAll Bank FD Interest Rate In May: This bank is giving more...

All Bank FD Interest Rate In May: This bank is giving more interest on FD! Must see once before getting FD

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All Bank FD Interest Rate – If you are not able to use the money, and now you want to get the FD of those money, then stay in this post today, in this post we will give you all the banks, their FD. (Fixed Deposit) is going to tell about the interest (interest) rate. Then you can open your account where you get more interest, and earn a lot of money from FD.

Earn money through FD money –

If you do not invest money, then the value of money decreases day by day. So if you have free money, then you must invest it somewhere. You can invest money in many places like in post office scheme, in property, in share market, in bonds, in mutual funds, in business, but there are many risks involved. But if you want to invest money without taking any risk, then you can invest in FD and earn interest with guarantee.

This bank is giving so much interest on 1 year FD in May –

Which bank is giving more interest on one year FD, we have given you information about it in the chart below. By looking at the chart, you can compare the FD interest rates of the bank. And by selecting any bank as per your wish, you can book 1 year FD in them, and earn a lot.

1 Year Fixed Deposit Interest Rate 2022

Bank Name General
Public
Senior
Citizen
SBI 5.10% 5.60%
Bandhan Bank 5.25% 6.00%
RBL Bank 6.25% 6.75%
Yes Bank 5.75% 6.25%
Axis Bank 5.10% 5.75%
ICICI Bank 4.35% 4.35%
HDFC Bank 5.10% 5.60%
IDBI Bank 5.15% 5.65%
Bank Of Baroda 5.00% 5.50%
Punjab National Bank 5.00% 5.50%
Union Bank Of India 5.00% 5.50%
Indian Bank 5.00% 5.50%
Bank Of India 5.00% 5.50%
Karur Vysya Bank 5.40% 5.90%
Post Office 5.50% 5.50%

TDS is not to be paid in this bank –

In all the banks, if you do FD of a large amount, then your TDS is deducted there. But no TDS is deducted at the post office. The amount of FD you make in the post office, you get the same amount with interest. And yes, the interest in the post office is counted quarterly, due to which you get an interest of about 5.63 in the post office.

Happens in the post office, all the money is safe

Money is more secure than banks in the post office, because according to the guidelines of RBI, in whichever bank you deposit money, your 5 lakhs is secure. If something happens in the bank in future, then only up to 5 lakhs will be returned to you. The rest of your money is deposited in the post office, and even if something happens in the post office, you still get your full money.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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