Which FD offers highest return on Rs 5L investment?
Many people choose fixed deposits (FDs) over other investments options because they want stable returns from a low-risk instrument. Some people invest in FDs to park large amounts that they don’t want to invest in high-risk equities or similar investment options. FD interest rates range between banks, and even a slight variation in rates might change the maturity amount you get. The FD tenure can be from 7 days to 10 years.
Investors can invest large amounts in FDs as most banks have no maximum investment limit for fixed deposits.
If you are planning to invest Rs 5 lakh in a one-year FD scheme, here's a look at the banks currently offering the highest FD interest rates. Also know the approximately maturity amounts that you can get in these FDs on a Rs 5 lakh investment.
Highest 1-year FD interest rates at PSU banks
Bank of India and Indian Overseas Bank are offering the highest interest rate at 6.5% each. Bank of Maharashtra is offering a 6.4% rate, while Bank of Baroda, Canara Bank, Punjab National Bank (PNB) and State Bank of India (SBI) have a 6.25% interest rate each in their 1-year FDs.
Highest 1-year FD interest rates (PSU banks) and maturity on Rs 5 lakh investment
Investors can invest large amounts in FDs as most banks have no maximum investment limit for fixed deposits.
If you are planning to invest Rs 5 lakh in a one-year FD scheme, here's a look at the banks currently offering the highest FD interest rates. Also know the approximately maturity amounts that you can get in these FDs on a Rs 5 lakh investment.
Highest 1-year FD interest rates at PSU banks
Bank of India and Indian Overseas Bank are offering the highest interest rate at 6.5% each. Bank of Maharashtra is offering a 6.4% rate, while Bank of Baroda, Canara Bank, Punjab National Bank (PNB) and State Bank of India (SBI) have a 6.25% interest rate each in their 1-year FDs.
Highest 1-year FD interest rates (PSU banks) and maturity on Rs 5 lakh investment
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