Bank FD Interest Rates: These 6 banks are offering the highest interest on FD, a golden opportunity for investors

Bank FD Interest Rates: Before making an FD, do research and find out which bank is giving more interest. By doing this, you will be able to get better returns.

Bank FD Interest Rates: After the Reserve Bank of India (RBI) cut the repo rate by a total of 100 basis points in three consecutive policy meetings, most banks have made a big reduction in interest on fixed (FD) deposits. Due to this, the return on FD has come down. However, it is not that the options for investors seeking fixed returns are over. Investors can get better returns on their investment by choosing the FD period correctly. Today we are telling you about those 6 banks, in which the highest interest is still being given on FD. Let’s know about those banks.

1. HDFC Bank: HDFC Bank is giving 6.6 percent interest on a period of 18-21 months. Senior citizens are getting interest at the rate of 7.10 percent for this period.
2. ICICI Bank: This private sector bank is offering 6.6 percent interest on fixed deposits (FDs) with a tenure of 2 to 10 years. Senior citizens are getting interest at the rate of 7.10 percent.
3. Kotak Mahindra Bank: Kotak Mahindra Bank is offering 6.6 percent interest on fixed deposits with a tenure of 444 days. Senior citizens are being given an additional 50 basis points of interest.
4. Federal Bank: This private sector bank is offering 6.7 percent interest on FDs with a tenure of 444 days. Senior citizens are entitled to get an additional 50 basis points.
5. State Bank of India (SBI): This government bank is offering 6.45 percent interest on deposits with a tenure of 2-3 years and senior citizens are being given an additional 50 basis points.
6. Bank of Baroda: This FD with a tenure of 444 days is offering 6.6 percent interest.
   Invest in different periods

Financial experts say that if you have to do an FD of Rs 5 lakh, then do not do it in one bank or for one period. You should invest that money in 2 or 3 banks for different periods. By doing this, you will not need to break the FD when you need money. Also, you will be able to get better returns on your money. The interest rates on FDs of different periods in the same bank vary. Therefore, doing FD wisely is the way to get better returns.

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