According to ET Now, some banks are offering high-interest rates on fixed deposits, with returns as high as 9%. This is attractive for individuals looking to grow their savings while ensuring principal safety. Here are the banks offering high return FDs:
1. SBM Bank India: Up to 8.15% interest for 30-45 days
2. RBL Bank: Up to 8.05% interest for 7-45 days
3. DCB Bank: Up to 7.95% interest for 7-45 days
4. Axis Bank: Up to 7.85% interest for 7-45 days
5. IndusInd Bank: Up to 7.75% interest for 7-45 days
6. Kotak Mahindra Bank: Up to 7.65% interest for 7-30 days
7. ING Vysya Bank: Up to 7.55% interest for 7-45 days
These rates are subject to change and may vary based on the bank’s rules and regulations. It is essential to check the prevailing rates and terms before opening a fixed deposit account. Additionally, FDs generally offer a higher interest rate for longer tenures and higher deposits.