Fixed deposits (FDs) are considered as stable and comparatively safer investment options for risk-averse investors. FDs provide returns at a fixed rate that is locked in at the time of investing and doesn’t change throughout the tenure. At a time when the stock market is not delivering good returns, many investors may want to invest in FDs.
One can invest in an FD for a duration of 7 days to 10 years depending on their choice and the tenure offered by a bank. Here, we take you through the highest 1-year FD interest rates from public and private sector banks and small finance banks (SFBs). Also find out the approximate maturity amount you can get on a Rs 1 lakh investment in these FDs.
