Fixed Deposit Update: Which bank is giving the highest interest on 1 year FD, check the new interest rates before investing

News, Digital Desk- Fixed Deposit (FD) is a popular and safe way to invest money. Most people invest their savings in bank FD. Banks across the country offer FD for different periods, on which customers get returns at different interest rates. FD is considered a great option for safe investment.

If you are also one of those people who use bank FD to invest money, then we are going to tell you about 1 year term FD of some banks. In such a situation, you can choose the best bank to invest. Let's know.

State Bank of India (SBI)-

SBI is the largest government bank in the country. SBI's interest rate for 1 year FD is 6.50 percent. For senior citizens, this interest rate is 7 percent.

Punjab National Bank (PNB)-

The interest rate of PNB's 1 year FD is 6.70 percent. Whereas for senior citizens, this interest rate is 7.20 percent.

Bank of Baroda (BOB)-

BOB is also one of the largest government banks in the country. The interest rate on FDs of BOB for a period of 1 year is 6.80 percent. Whereas for senior citizens, this interest rate is 7.30 percent.

HDFC Bank FD-

HDFC Bank is one of the largest private banks in the country. Talking about the interest rates of HDFC Bank on 1 year FD, it is 6.6 percent. For senior citizens, this interest rate is 7.1 percent.

Axis Bank FD-

Axis Bank is also one of the largest private banks in the country. Talking about the interest rates of Axis Bank's 1 year FD, it is 6.7 percent. For senior citizens, this interest rate is 7.2 percent.