Top 4 Private Banks Offering Highest Fixed Deposit Returns

pUnsure whether you want to save your money or grow it by investing What if you could do both simultaneously A Fixed Deposit FD lets you deposit your money in your desired financial institution while earning returns as wellppLets take a closer look at how it works the top 4 private banks that are offering the highest fixed deposit returns and the applicable interest rates on themppstrongWhat is a Fixed DepositstrongppFixed Deposit FD is one of the risk-free and sought-after forms of investment by many investors It is an instrument provided by financial institutions such as Non-banking Financial Companies NBFC and banks to help you save money The returns you receive by investing in an FD are more than the rate of interest offered on savings depositsppWith fixed deposits you can deposit a sizable amount at a predetermined interest rate for a fixed duration of time starting from 7 days to 10 years as per your needs You have the freedom to choose and to get the returns of your deposit monthly or quarterly as per your choicenbsp You can also a hrefhttpswwwnyooozcomfeatureshealth4-tips-to-consider-while-using-a-savings-calculatorhtml6464calculate this amounta Also not only this but you are completely entitled to reinvest your Fixed Deposit interestppstrongTop 4 Private Banks Offering the Highest Fixed Deposit Returnsstrongpphe top 4 private banks offering highest fixed deposit returns are as followsppstrong Yes BanknbspstrongppYes Bank provides one of the highest interest rates on FD starting at 323 per annum for fixed deposits of 7 to 14 days The returns of the fixed deposit go up to 6 per annum for 18 months to 3 years of duration The returns rate for senior citizens is 650 per annum There is an additional 014 and bonus for annual yields But all these return rates are only applicable for an FD of less than Rs 2 Croresppstrong RBL BankstrongppRBL Bank provides one of the best FD interest rates in banks as they recently updated their FD interest rates which are 6 per annum for FD duration of 2 to 3 years But the FD should be less than Rs 3 Crores and there is an additional 05 interest rate for senior citizensppstrong Bandhan BankstrongppBandhan Bank provides one of the highest interest rates on FD which starts at 3 for a duration of 7 to 14 days It goes up to 55 per annum for deposits duration of 1 to 3 years Furthermore the senior citizens get an additional 075nbsp interestppstrong IndusInd BankstrongppOne of the best FD interest rates in banks is offered by IndusInd Bank of 6 per annum for deposit duration of 1 and 3 years The senior citizens are entitled to get an additional 05 interest returns over the normal returnsppstrongWrapping It UpstrongppApart from Private banks a hrefWrapping20It Up Apart from Private banks Post Office FD Interest Rates are also pretty attractive to have a look at The FD interest rates have come down in recent years and investing in them for the long term might be disappointing This is why many investors prefer to invest in short-term fixed deposits which could help them get a good rate of return Post Office FD Interest Ratesa are also pretty attractive to have a look at The FD interest rates have come down in recent years and investing in them for the long term might be disappointing This is why many investors prefer to invest in short-term fixed deposits which could help them get a good rate of returnppp