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Fixed Deposits: If you invest Rs 1 lakh, you will get Rs 1.23 lakh, find out how

By Benson | Updated: February 8, 2022 17:28 IST

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Fixed Deposits are always considered the best option to save money and get a safe return. However, it yields lower returns than the equity market. In this case, today we will inform you about some such banks.
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Suryodaya Small Finance Bank is one of the best interest paying banks. It offers 7% interest on three year fixed deposit. If you make a fixed deposit of Rs 1 lakh for three years, you will get a refund of around Rs 1.23 lakh.
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RBL Bank offers an interest rate of 6.50% on a three-year fixed deposit. It is also one of the best interest payers. If you make a fixed deposit of Rs 1 lakh in RBL Bank for three years, you will get around Rs 1.21 lakh.
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Yes Bank is offering an interest rate of 6.25 per cent on a three-year fixed deposit. If you make a fixed deposit of Rs. 1 lakh for three years with this bank, you will get back about Rs. 1.20 lakh after completion of your FD period.
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IndusInd Bank is offering 6 per cent interest on a three-year fixed deposit. If you invest Rs 1 lakh in a fixed deposit in this bank, it will be around Rs 1.19 lakh in three years.
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All these banks offer higher interest rates to senior citizens. In such a case, if you are a senior citizen yourself or are taking a fixed deposit for a senior citizen in your family, you will get higher interest rate than the interest rate mentioned above.
Tags: Suryoday Small Finance Bank
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