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This bank is offering 8.55% interest on FD, rich will be made in just one year – bandhan bank offering more than 8 percent interest on one one year FD Fixed Deposit

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FD Rates: For senior citizens, there is a great opportunity to invest in bank fixed deposits (FD). Many private banks are paying higher interest rates. Bandhan Bank is offering 8.55% interest interest interest for 1 year FD. This is the maximum interest given by the private sector bank. Check how much interest the big private sector banks of the country are offering.

Highest interest bank

Bandhan Bank: 8.55% on 1 year FD

DCB Bank: 8.50% on FD of 15 to 16 months

RBL Bank: 8.50% on 500 days FD

Yes Bank: 8.50%on 18 months FD, 8.25%on 1 year FD, and 8.00%on 3 years FD

FD rates of other private banks

Big private bank

HDFC Bank: 1 year – 7.10%, 3 years – 7.50%, 5 years – 7.50%

ICICI Bank: 1 year – 7.20%, 3 years – 7.50%, 5 years – 7.50%

Axis Bank: 1 year – 7.20%, 3 years – 7.60%, 5 years – 7.75%

Kotak Mahindra Bank: 1 year – 7.60%, 3 years – 7.60%, 5 years – 6.70%

Karnataka Bank: 1 year – 7.75%, 3 years – 7.00%, 5 years – 7.00%

Jammu & Kashmir Bank: 1 year – 7.50%, 3 years – 7.25%, 5 years – 7.00%

Tamil Nad Mercantile Bank: 1 year – 7.50%, 3 years – 7.00%, 5 years – 7.00%

DBS Bank: 1 year – 7.50%, 3 years – 7.00%, 5 years – 7.00%

CSB Bank: 1 year – 5.50%, 3 years – 6.25%, 5 years – 6.25%

South Indian Bank: 1 year – 7.30%, 3 years – 7.20%, 5 years – 6.50%

City Union Bank: 1 year – 7.25%, 3 years – 6.75%, 5 years – 6.50%

These banks are offering attractive offers on long periods

SBM Bank India: 5 years – 8.25%, 10 years – 7.90%

Yes Bank: 5 years – 8.00%, 10 years – 7.75%

RBL Bank: 5 years – 7.60%, 10 years – 7.50%

IndusInd Bank: 5 years – 7.75%, 10 years – 7.50%

Why invest in FD?

FD is a safe investment option for senior citizens, where they get regular and fixed returns. Some private sector banks are paying more than 8% interest. If you want the most interest, Bandhan Bank (8.55%), DCB Bank (8.50%), RBL Bank (8.50%), and Yes Bank (8.50%) can be the best options. At the same time, SBM Bank India (8.25%) and Yes Bank (8.00%) are also good options for long periods.

If tax liability is more than 10000, then definitely submit Advance Tax before March 15

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