FD Tips: This bank is giving the highest interest on FD, you will get a profit of Rs 23000 on 1-year investment..

FD Rate: Although there are many investment options in the market today, in terms of investment in India, FD i.e. Fixed Deposit is the most popular option. All the banks of the country keep updating the interest rates of FD from time to time. Recently, many banks have been offering strong interest in FD to their customers, in which people can invest their money for a fixed time.

Generally, there are two main reasons for investing in FD. Firstly, the money of the customers is safe in FD and secondly, it gives fixed returns. For this reason, most people prefer to invest their money in bank FD only.

Different banks in the country have different interests in FD. Apart from this, the return received is also different according to the duration of FD. Let us tell you that all banks give more interest to senior citizens (Senior Citizen FD Interest Rate) than general customers. If you are also among those people who want to book a good profit by investing in FD, then today we are going to tell you about that 1 year FD where you will earn 23 thousand rupees in less investment.

This bank is giving bumper interest on FD -

Kotak Mahindra Bank (Kotak Mahindra Bank FD Interest Rate), a private sector bank of the country, is providing the highest interest to its customers in 1-year term FD. In this bank, general customers are being offered a full 7.1 percent interest in 1-year term FD, while senior citizens are being given 0.50 more interest than the general customers i.e. 7.6 percent interest, which is the highest compared to other banks.

There will be a profit of 23 thousand rupees in 1 year -

If you invest Rs 3 lakh in a 1-year term FD of Kotak Mahindra Bank (Kotak Mahindra Bank FD Interest Rate), then the total amount on maturity will be Rs 3,21,874. Senior citizens will get Rs 3,23,458.