If you have also opened FD in these banks, then soon your capital is going to increase. See here the list of 10 banks which have recently increased the interest rates on their FDs…
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If you are planning to invest in the new financial year, then you should invest in fixed deposits. Many banks are offering higher returns on investing in it at this time. Apart from this, you will get higher returns on your investment and your money will also be safe. Here we have told you about 10 such banks where you are getting more than 7.6% interest.
Let us tell you, RBI had increased the repo rate for 6 consecutive times in the last financial year. After which banks also increased the interest rates on their FDs. In such a situation, speculations are being made once again that the Reserve Bank may increase the repo rate in the April quarter. According to Bank Bazaar, 10 top banks are offering up to 7.6 per cent interest on fixed deposits of at least three years.
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The highest interest is being received on these banks
At this time, if you are getting the highest returns anywhere, then they are foreign banks. This includes Deutsche, IDFC First, IndusInd and Equitas Small Finance Bank. Where on one hand, Deutsche Bank is paying 7.75% interest on three-year fixed deposits. At the same time, IDFC First Bank, IndusInd Bank and Equitas Small Finance Bank are also offering 7.75 percent interest.
More interest is also available in private banks
Talking about private sector banks, you are getting the highest interest on FDs of IDFC First Bank and IndusInd Bank. If you invest Rs 1 lakh in these banks for 3 years, you will get a return of Rs 1.26 lakh. At the same time, DCB Bank is offering 7.60 percent interest on three-year FD.
Union Bank is also getting more interest
Union Bank of Public Sector is giving good returns on FD. This bank is giving you up to 7.30% interest on FD. In which if you have invested 1 lakh rupees, then in 3 years it will increase to 1.24 lakh rupees. Similarly, in small finance banks, Bandhan Bank, City Union Bank and Suryoday Small Finance Bank are also giving good returns to their customers.
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