Loading your search...
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:
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar’s partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
