if you're searching out a secure and regular manner to develop your money, constant deposits (FDs) stay a pinnacle preference. They offer guaranteed returns, low danger, and bendy tenures.
amongst all the options, the only-12 months FD is specifically popular as it offers respectable returns with out locking your money away for too long.
no longer ALL FDS ARE same
however here's some thing many human beings neglect: not all banks provide the identical hobby rate. deciding on the proper financial institution could make a substantial distinction on your very last amount. in keeping with BankBazaar's July 25, 2025 records, right here are a number of the maximum appealing one-year FD fees for non-senior residents.
non-public BANKS offering high RETURNS
among non-public banks, IndusInd bank gives an attractive 7% rate. if you make investments Rs 1 lakh with them for a yr, it'd develop to Rs 1.07 lakh by the point it matures.
other private banks like Axis financial institution, hdfc bank, and kotak mahindra bank are presenting 6.60 % for the same time period. this means your Rs 1 lakh funding might also grow to around Rs 1.07 lakh.
ICICI financial institution, another predominant non-public lender, presently gives a barely lower fee of 6.25 % for a one-yr FD. So, a Rs 1 lakh deposit right here would fetch you Rs 1.06 lakh at maturity.
WHAT approximately PUBLIC quarter BANKS?
looking at public zone banks, punjab countrywide bank is offering a one-12 months FD price at 6.80 %. This too might result in Rs 1.07 lakh after a 12 months on a Rs 1 lakh deposit. other most important public banks like bank of Baroda, Canara financial institution, and Union bank of india are giving 6.60 %, similar to their non-public opposite numbers.
India's largest public quarter financial institution, state financial institution of india (SBI), presently gives 6.forty five % on a one-yr FD. meaning a Rs 1 lakh deposit would grow to be Rs 1.06 lakh after 365 days.
ARE YOUR DEPOSITS safe?
it's also really worth noting that the protection of your cash in fixed deposits is sponsored through the Deposit coverage and credit score guarantee enterprise (DICGC), part of the Reserve bank of India. It guarantees your deposits up to Rs five lakh in line with account holder, in line with financial institution.
So, in case you're planning to put money into a set deposit for a year, it is really worth comparing the hobby costs throughout banks before making your desire. A small difference in the price can upload up, particularly for large deposits.
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