The idea is to get FD, first know which banks are giving the highest returns

FD Interest Rate: Fixed Deposit ie FD is the most popular investment option. The reason for this is that it gives guaranteed returns. Many people also invest money in other places in the desire of higher returns, where the returns are higher than FD. But it is not guaranteed. If you are also thinking of getting FD, then today we are going to tell you which bank is paying the highest interest on FD:-

public sector bank

• Union Bank of India is giving 4 percent return on FD.
• State Bank of India is giving an interest of 3 percent.
• Punjab and Sind Bank is giving an interest of 3 percent.
• Punjab National Bank is giving 25% interest.
• Indian Overseas Bank is giving interest up to 25 percent.

private bank

• RBL Bank is giving 6.30 percent interest.
• Yes Bank is giving 6.25 percent interest.
• IndusInd Bank is giving 6 percent interest.
• DCB Bank is giving 5.95 percent interest.
• Axis Bank is offering an interest rate of 5.40 per cent.

Small finance banks which are giving great interest

• Jana Small Finance Bank is giving 6.75 percent interest.
• Suryoday Small Finance Bank is giving 6.50 percent interest.
• North East Small Finance Bank is giving 6.50 percent interest.
• Fincare Small Finance Bank is giving an interest of 6.50 percent.
• Ujjivan Small Finance Bank is giving an interest of 6.25 percent.

Here are the benefits of getting FD

• The biggest advantage of FD is that it gives guaranteed returns. At the very beginning of the investment, it is told how much profit you will get on maturity. There is no risk in this. In any case, neither does he get more money nor less.
• Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance coverage is available on making an FD in the bank. If the bank defaults or becomes insolvent, then up to Rs 5 lakh is available under this insurance cover. This will include principal and interest.
• If you make an FD in a bank, then you can also get free life insurance. Yes, many banks provide this facility. Banks do this so that more and more people get FD done. Banks offer life insurance equivalent to the FD amount to their customers.

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