Deutsche Bank 7% as banks offer 5.5% to 7% FDs
Business
Thinking about parking your money in a fixed deposit? Here's a quick look at what banks are offering right now.
Foreign and public-sector banks have rates ranging from 5.5% to 7% for one- to two-year deposits, with Deutsche Bank topping the foreign list at 7%.
Punjab & Sind Bank leads public-sector banks with up to 6.85%; Indian Bank offers up to 6.8%.
DCB Bank offers 7.5% fixed deposit
If you're aiming for bigger returns, private-sector banks are where it's at.
DCB Bank offers the highest fixed deposit rate, 7.5% for tenures of one year and above, while Bandhan Bank follows closely with 7.45% for deposits between one and three years.
City Union Bank isn't far behind, giving you 7.25% for a one- to two-year lock-in.