1/8 One-year fixed deposits (FDs) are a popular choice for investors seeking assured returns and liquidity, ideal for meeting short-term financial objectives.

2/8 Here is a list of leading private and PSU banks offering the highest interest rates on FDs. The list takes into account the best rates offered by these banks on one-year FDs (up to Rs 1 crore) for resident, retail, and non-senior citizens. Let’s examine how an investment of Rs 1 lakh grows over this period. BankBazaar compiled the data as of October 31.

3/8 IndusInd Bank stands out among private banks, offering a 7 percent interest rate on one-year fixed deposits, which would grow a Rs 1 lakh investment to Rs 1,07,000 at the time of maturity.

4/8 Axis Bank, HDFC Bank and Kotak Mahindra Bank offer a 6.6 percent rate on

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