FD interest rates: These 7 banks offer highest interest on their 1-year-FDs
Before opening a fixed deposit (FD) account, depositors typically compare the interest rates offered by banks on their fixed deposits. Lenders, typically, offer lower interest rates on short term fixed deposits and higher rates on long term deposits. This means the interest offered on three-year FD is usually higher than that on one-year-FD. Usually, depositors…