Apart from State Bank of India and Utkarsh Small Finance Bank, many banks have increased the interest rates on their FDs this month. This increase is applicable on fixed deposits with certain time periods. Amidst the news of interest rate increaseIf you are planning to make a one-year fixed deposit (FD), then to earn good interest on your savings, it is very important to know how much return you are getting in which bank. For your convenience, here we have listed some major government, private and A list of small finance banks has been prepared.This list includes interest rates and bank details on FDs with a tenure of 1 year for both general and senior citizens.
How much interest is being given on 1 year FD in which bank?
government bank |
Interest on 1 year FD ordinary citizen |
senior citizen |
applicable rate date |
Bank of Baroda |
6.85 |
7.35 |
Applicable from 15 January |
Canara Bank |
6.85 |
7.35 |
Applicable from 19th February |
State Bank of India |
6.8 |
7.3 |
Applicable from 15th May |
Central Bank of India |
6.75 |
7.25 |
Applicable from January 10 |
Punjab National Bank |
6.75 |
7.25-7.55 |
Applicable from 12th April |
Union Bank of India |
6.75 |
7.25-7.55 |
Applicable from 25th April |
private bank |
|
|
|
HDFC Bank |
6.6 |
7.10 |
Applicable on 9th February |
ICICI Bank |
6.7 |
7.20 |
Applicable from 17th February |
Axis Bank |
6.7 |
7.20 |
Applicable from 13 May |
Kotak Mahindra Bank |
7.1 |
7.60 |
Applicable from 27th February |
Yes Bank |
7.25 |
7.75 |
Effective from 21 November 23 |
RBL Bank |
7.5 |
8 |
Applicable from 1 May |
Bandhan Bank |
7.85 |
8.35 |
Applicable from 8th April |
Small Finance Bank |
|
|
|
AU Small Finance Bank |
6.5 |
7 |
Applicable from 17th April |
Capital Small Finance Bank Limited |
7.5 |
8 |
Applicable from 6th May |
Unity Small Finance Bank |
7.85 |
8.35 |
Applicable from 1 May |
Utkarsh Small Finance Bank |
8 |
8.60 |
Applicable from 15th May |
Ujjivan Small Finance Bank |
8.25 |
8.75 |
Applicable from 7th March |
Jana Small Finance Bank |
8.5 |
9 |
Applicable from January 2 |
Also read: House Cool during Summers: You will get relief from heat in the house, just do this work, money will also be saved
(Note –The data related to interest rates till May 19 has been uploaded from the official websites of the respective banks. Banks keep changing their FD interest rates from time to time. In such a situation, it is advisable to get accurate information from the official website or branch of the bank before investing your savings.)
Talking about the government banks included in this list, Bank of Baroda and Canara Bank are offering the highest interest on FD with a tenure of 1 year. In these two government banks, general citizens can get 6.85% and senior citizens can get 6.85% on one year FD. 7.35% interest is available. Talking about private banks, Bandhan Bank is offering higher interest on one year FD as compared to HDF Bank and ICICI Bank. Jana Small Finance Bank is offering the highest interest on FD in its segment.