look news india
Bank FD Rate: The Reserve Bank of India (RBI) has not cut the repo rate for the 11th consecutive time. However, there is every expectation of a repo rate cut in the monetary policy of February. In such a situation, this is the best time to do FD. Banks are currently giving heavy interest on FD. At the same time, after the cut in repo rate the interest rate will come down. In such a situation, if you are thinking of making 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 offering interest at the rate of 8.05% to common citizens on its FD maturing in one year.
IndusInd Bank: IndusInd Bank is offering interest at the rate of 7.75% to common citizens on its FD maturing in one year.
RBL Bank: RBL Bank is offering interest at the rate of 7.5 percent to common citizens on its FD maturing in one year.
Karnataka Bank: Karnataka Bank is offering interest at the rate of 7.25% to common citizens on its FD maturing in one year.
Yes Bank: Yes Bank is also giving interest at the rate of 7.25% to common citizens on its FD maturing in one year.
DCB Bank: DCB Bank is offering interest at the rate of 7.1 percent to common citizens on its FD 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 FD maturing in one year.
Don’t delay in getting 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. Next year RBI may cut the repo rate by 100 basis points. After this the interest received on FD will reduce. It is a profitable deal to book FD before this. Right now many banks are giving strong returns on FD.
