Bank FD Rate: This is the best time to get an FD. At this time, most banks are paying increased interest on FD. By taking advantage of this opportunity, you can get a strong return on FD.
Bank FD Rate: Reserve Bank of India (RBI) has not cut the repo rate for the 11th consecutive time. However, there is full hope of a cut in the repo rate in the February monetary policy. In such a situation, this is the best time to do FD. Banks are currently paying strong interest on FD. At the same time, after the cut in repo rate, the interest rate will decrease. In such a situation, if you are thinking of doing FD, then we are telling you about those banks, which are giving up to 8% interest on 1 year FD.
Bandhan Bank: Bandhan Bank is giving interest at the rate of 8.05% to the common citizens on its FDs maturing in one year.
IndusInd Bank: IndusInd Bank is giving interest at the rate of 7.75% to the common citizens on its FDs maturing in one year.
RBL Bank: RBL Bank is giving interest at the rate of 7.5% to the common citizens on its FDs maturing in one year.
Karnataka Bank: Karnataka Bank is giving interest at the rate of 7.25% to the common citizens on its FDs maturing in one year.
Yes Bank: Yes Bank is also giving interest at the rate of 7.25% to the common citizens on its FDs maturing in one year.
DCB Bank: DCB Bank is giving interest at the rate of 7.1% to the common citizens on its FDs maturing in one year.
Kotak Mahindra Bank: Kotak Mahindra Bank is also offering interest at the rate of 7.1% to the general public on its FDs maturing in one year.
Don’t delay in making FD now
Banking sector experts say that due to RBI not cutting the repo rate, very good interest is being received on FDs of different tenures. However, this phase will not last long now. Next year RBI can cut the repo rate by 100 basis points. After this, the interest on FD will decrease. Before this, booking FD is a profitable deal. Right now many banks are giving strong returns on FD.
