Fixed Deposits: If you invest Rs 1 lakh, you will get Rs 1.23 lakh, find out how
By Benson | Updated: February 8, 2022 17:28 IST2022-02-08T17:28:49+5:302022-02-08T17:28:49+5:30
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Fixed Deposits are always considered the best option to save money and get a safe return. However, it yields lower returns than the equity market. In this case, today we will inform you about some such banks.
Suryoday Small Finance Bank
Suryodaya Small Finance Bank is one of the best interest paying banks. It offers 7% interest on three year fixed deposit. If you make a fixed deposit of Rs 1 lakh for three years, you will get a refund of around Rs 1.23 lakh.
RBL Bank
RBL Bank offers an interest rate of 6.50% on a three-year fixed deposit. It is also one of the best interest payers. If you make a fixed deposit of Rs 1 lakh in RBL Bank for three years, you will get around Rs 1.21 lakh.
Yes Bank
Yes Bank is offering an interest rate of 6.25 per cent on a three-year fixed deposit. If you make a fixed deposit of Rs. 1 lakh for three years with this bank, you will get back about Rs. 1.20 lakh after completion of your FD period.
IndusInd Bank
IndusInd Bank is offering 6 per cent interest on a three-year fixed deposit. If you invest Rs 1 lakh in a fixed deposit in this bank, it will be around Rs 1.19 lakh in three years.
Higher interest rates for senior citizens
All these banks offer higher interest rates to senior citizens. In such a case, if you are a senior citizen yourself or are taking a fixed deposit for a senior citizen in your family, you will get higher interest rate than the interest rate mentioned above.
