Quick Answer: Which Bank Has Highest Interest Rate?

Highest 3 Year FD Interest Rates

Name of Bank For General Citizens (p.a.) For Senior Citizens (p.a)
IDFC First Bank 5.00% 5.00%
Axis Bank 5.40% 5.90%
State Bank of India 5.10% 5.60%
Punjab and Sind Bank 5.15% 5.65%

Which bank has highest FD rates in Sri Lanka?

Highest Interest Rates for Savings and Deposits | SDB bank Sri Lanka | SDB bank. 18.00% (Fixed p.a.) 16.00% (Fixed p.a.) Rates apply from 20th July 2021.

Which bank gives highest interest rate in Nepal?

The bank with the highest and lowest base rate is Civil Bank with 11.06% and Nabil Bank with 7.83%.

How can I double my money in bank?

Here are some options to double your money:

  1. Tax-free Bonds. Initially tax- free bonds were issued only in specific periods.
  2. Kisan Vikas Patra (KVP)
  3. Corporate Deposits/Non-Convertible Debentures (NCD)
  4. National Savings Certificates.
  5. Bank Fixed Deposits.
  6. Public Provident Fund (PPF)
  7. Mutual Funds (MFs)
  8. Gold ETFs.

How much interest will bank pay?

The average bank interest rate for interest checking accounts in the United States is 0.03%. Meanwhile, the average savings account rate is currently 0.06%, and the average money market account interest rate is 0.09%.

Which is better FD or PPF?

FD is better than PPF because of its more flexible attributes and it is better than RD because it offers higher interest rates. Among RD, FD and PPF the best instrument for investing your money is different for every customer. A PPF has a limit of deposit of Rs. 1.5 lakh per year.

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How many years FD will double?

To know the time duration in which your FD amount will get doubled, you have to divide 72 with the highest rate. For example, if the highest rate on FD is 6.95%, then the number of years in which your FD will get doubled is 72/6.95= 10.36. Thus, it will take 10 years for your FD to get doubled.

Can I get monthly interest on FD?

Can we get monthly interest on Fixed Deposit? Yes, you can get monthly interest payouts, if you choose periodic payouts and select monthly frequency. When you invest your money in FDs, you gain interest on your principal amount, which can be obtained periodically.

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