FD Interest Rates: These banks are offering the best returns on one-year FDs, see the full list here

FD Interest Rates: Several major banks are offering excellent interest rates for one-year fixed deposits (FDs) in 2025. Even a small difference in FD interest rates can make a significant difference to your total savings over time, so it’s important to compare the market before investing.

FD Interest Rates: If you want to protect your savings and earn good returns with low risk for one year, a fixed deposit (FD) is a good option. Many major public and private banks in the country are offering attractive interest rates on their FD plans in 2025. These rates are especially beneficial for senior citizens, providing greater returns on their savings.

Bank Interest Rates for One Year

Many major banks, including State Bank of India (SBI), HDFC Bank, ICICI Bank, Punjab National Bank, Union Bank, and Kotak Mahindra Bank, are currently offering interest rates ranging from 6.25% to 6.40%. These rates increase to 6.65% to 6.90% for senior citizens. Some banks, like Union Bank, are offering interest rates up to 6.90% for senior citizens.

Special Benefits for Senior Citizens

FD schemes specifically designed for senior citizens offer an additional 0.50% to 1% interest rate increase. For example, HDFC Bank and ICICI Bank offer rates up to 7.1%, which are better than the standard rates. Furthermore, some small finance banks even offer interest rates of over 8%, which is extremely beneficial for senior citizens.

Even a small difference in interest rates matters

Even a small difference in FD interest can significantly increase your earnings in the long run. Therefore, consider not just the big names, but also the interest rates, bank reliability, and customer service.

Consider when choosing a bank:

Bank interest rates fluctuate with changes in the repo rate. Therefore, be sure to check the latest information before investing. It is important to choose the right FD plan based on the bank’s reliability, customer service, and your investment horizon.

Investing in a one-year FD can help you protect your money and earn good returns. Special interest rates are available for senior citizens, which strengthen their financial position. Therefore, always compare interest rates, evaluate the bank’s services, and choose the right option for your financial needs.

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