New Delhi . Bank Fixed Deposit (Bank FD) is the most popular mode of investment. With the security of guaranteed returns, people invest money blindly. In this, the possibility of profit increases when before investing, it is known which bank is giving more interest amount on FD. Every bank decides the interest rate of FD according to its own.
In this, the amount of investment and the tenure of the FD matter. It is simple that the amount of time for which FD is done, the return will be received accordingly. IndusInd Bank, RBL Bank, DCB Bank, Bandhan Bank and Karnataka Bank are the names of one year FDs which are giving the best returns. Let us tell you that it is difficult to break FD in the middle of time and also has to face penalty, so the customer should take this scheme keeping all the aspects in mind.
Understand year after year:
1 year FD
Karnataka Bank will give 5.20% interest on an amount of 10 thousand rupees in a year and will get 10,530 rupees here. RBL Bank and IndusInd Bank will give 6% interest and here 10,614 rupees are available on the deposited capital of 10 thousand. Bandhan Bank will give Rs 10,561 on 10 thousand rupees at an interest rate of 5.50%. The interest rate of DCB Bank is 5.55% and here 10,567 rupees are available for 10 thousand rupees.
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2 year FD:
Axis Bank is giving 5.40% interest on 2-year FD and getting Rs 10,132. Talking about two-year FD, IndusInd Bank and RBL Bank are giving 6% interest. In these two banks, on FD of 10 thousand, you will get Rs 11,265 in 2 years. The interest rate of Bandhan Bank and DCB Bank is 5.50% and here you will get a return of Rs 11,154 on an investment of 10 thousand.
3 Year FD:
Karnataka Bank and South Indian Bank are giving a return of Rs 11,781 on an investment of Rs 10,000 at the rate of 5.50%. DCB Bank will get Rs 11,939 on 10 thousand rupees with 5.95% interest. IndusInd Bank is giving Rs 11,956 return of 10 thousand with 6% interest on 3-year FD. The name of RBL Bank is at the top in the three-year FD. Here 12,062 rupees will be available on the investment of 10 thousand with 6.30% interest.
5 Year FD:
Now let’s talk about 5 years investment, RBL Bank is giving a return of Rs 13,669 on 10 thousand investment with 6.30% interest. IndusInd Bank is giving a return of Rs 13,469 on an investment of 10 thousand with 6% interest. DCB Bank is giving a return of Rs 13,435 for 10 thousand with 5.95% interest. Axis Bank is giving Rs 13,304 of 10 thousand with 5.75% interest rate. South Indian Bank is giving return of Rs 13,238 with 5.65% interest.
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