Great earnings! These banks are giving record interest rates on 5 -year FD, know where to get the most returns

In today’s era, where there are many investment options, the fixed deposit (FD) has always been considered a safe and reliable option for Indian investors. It not only protects your capital, but also gives you guaranteed returns. Especially FD is a favorite medium for investors who want fixed income with low risk.

If you are planning to invest in Fixed Deposit of 5 years, then it is time to know which banks are giving you the most interest on this period. There is often a difference in interest rates of different banks, and this shorter difference can also make a big difference on your earnings in the long term.

Special benefits for senior citizens

A major advantage when investing in FD is that senior citizens (Senior Citizens) usually get additional interest up to 0.50% compared to normal investors. This is a golden opportunity for them to get better returns on their savings.

Bank paying the highest interest on 5 -year -old FD (as per information available till August 2024):

Here are some such banks which are giving excellent interest rates on 5 -year FD. These rates can change, so before investing, make sure to confirm the latest rates on the concerned bank website:

• Utkarsh Small Finance Bank:

• Unity Small Finance Bank:

• Shivalik Small Finance Bank:

• SBM Bank India:

• Fincare Small Finance Bank:

• Equitas Small Finance Bank:

• DCB Bank (DCB Bank):

• AU Small Finance Bank:

5 -year FD rates of major banks (comparatively):

Take a look at the normal interest rates of some big and major banks of the country on 5 -year FD:

• State Bank of India (SBI):

• HDFC Bank (HDFC Bank):

• ICICI Bank:

• Punjab National Bank (PNB):

• Axis Bank (Axis Bank):

• Canara Bank (Canara Bank):