Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
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  • Fixed Deposit BYTES FROM OUR KITCHEN

    Best FD Interest Rates for 1 Year

    There are many banks and financial institutions that offer attractive interest rates for 1-year fixed deposits. Fixed deposits are one of the best investment options that offer a guaranteed rate of return after a certain set period of time. It is considered a safe and reliable type of investment for cautious investors who do not want to take risks. In a fixed deposit account, a certain sum of money is deposited for a fixed tenure, and interest can be earned on the same. Investors can choose from a wide range of fixed deposit options available in the market. There are short, medium and long-term fixed deposits. Opening a fixed deposit account is a simple process and can be done online with minimum documentation.

    Here are 10 of the highest interest yielding fixed deposit schemes with a 1-year tenure:

    1.    Kerala Transport Development Finance Corporation (KTDFC)

    KTDFC, an undertaking by the Kerala government, offers an attractive interest rate of 8.25% on fixed deposits for a tenure of 1 year. These term deposits have received a guarantee from the government of Kerala.

    Interest rate Amount of investment Tenure
    8.25% Minimum investment of Rs.10,000 1 year

    2.    Shriram City Union Finance Co. Ltd.

    Shriram City Union Finance Co. Ltd. is a Non-Banking Financial Company (NBFC) that offers a wide range of financial products. Their products and services are well-known in the market. They provide a competitive interest rate of 7.75% on fixed deposits.

    Interest rate Amount of investment Tenure
    7.75% Up to Rs.25 lakh 1 year

    3.    RBL Bank

    RBL Bank is a private sector bank that offers good interest rates on term deposits. At present, their fixed deposit accounts can be opened at an interest of 7.40%. They offer a wide range of fixed deposit terms.

    Interest rate Amount of investment Tenure
    7.40% Less than Rs.1 crore 1 year

    4.    LIC Housing Finance Ltd.

    LIC Housing Finance Ltd. offers an interest rate of 7.3% on fixed deposits for a period of 1 year. The interest payable is compounded annually. This deposit scheme has been rated safe and stable.

    Interest rate Amount of investment Tenure
    7.30% Up to Rs.5 crore 1 year

    5.    Bandhan Bank

    Bandhan Bank fixed deposit come with an interest rate of 7.25% for all deposits that are less than Rs.1 crore. All senior citizens will be eligible for an additional 0.50% interest.

    Interest rate Amount of investment Tenure
    7.25% Up to Rs.1 crore 1 year

    6.    Repco Bank

    Repco Bank offers an interest rate of 7.25% on fixed deposit accounts of 1-year tenure. The interest is compounded quarterly and paid upon maturity. Loans can be availed on this term deposit.

    Interest rate Amount of investment Tenure
    7.25% As mentioned by the bank 1 year

    7.    Gruh Finance limited

    Gruh Finance limited offers an interest rate of 7.25%. They provide an additional 0.25% interest for deposits booked by senior citizens. Interest is payable upon maturity.

    Interest rate Amount of investment Tenure
    7.25% Minimum investment of Rs.1,000 1 year

    8.    ICICI Home Finance

    ICICI Home Finance has a good credit rating. They offer flexible tenure options. An interest rate of 7.2% is provided on fixed deposit.

    Interest rate Amount of investment Tenure
    7.20% As decided by the bank in coordination with the customer 1 year

    9.    Yes Bank

    Yes Bank offers an attractive rate of 7.10% on fixed deposits for a tenure of 1 year. They offer tax saver deposits and other range of term deposits as well.

    Interest rate Amount of investment Tenure
    7.10% Less than Rs.1 crore 1 year

    10.  Lakshmi Vilas Bank

    Lakshmi Vilas Bank offers an interest rate of 7% on fixed deposits for a tenure of 1 year. Loans can be availed on fixed deposit.

    Interest rate Amount of investment Tenure
    7% As decided by the bank in coordination with the customer 1 year

    *Please note that all interest rates for senior citizens will be higher. As per the discretion of the bank a certain higher percentage of interest will be provided for senior citizens.

    Perfect Fixed Deposits Deals for you

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