When investing money, most people think of bank fixed deposits (FD). Bank FD is considered the safest and most reliable option for investors to invest their money. The biggest reason for this is that the money invested in FD is safe and the return on it is also fixed. This is the reason why even today most people resort to FD for investment. If you also want to earn good profits while keeping your hard-earned money safe, then this article is for you!

Know which banks are giving the highest interest on 5-year FD

Different banks in the country provide FD facilities to their customers at different interest rates. In such a situation, every investor should invest in a bank FD where the highest interest is being received. Today we will tell you about 5 such banks that are giving the highest interest to their customers on FD of 5 years duration. By investing in these banks, you can earn a profit of up to ₹ 2 lakh. So let’s know about these great banks in detail.

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Federal Bank

Federal Bank is offering its customers an interest rate of 7.1 percent on FDs with a tenure of 5 years. If you invest ₹5 lakh in this bank for a tenure of 5 years, you will get a total of ₹7,10,873 on maturity. This is a great return on your investment, making it a great choice for investors.

HDFC Bank

The country’s largest private bank, HDFC Bank, is offering its customers an interest rate of 7 percent on FDs with a tenure of 5 years. If you invest ₹5 lakh in this bank for 5 years, you will get a total of ₹7,07,389 on maturity. The reliability of HDFC Bank and this interest rate make it a preferred choice.

Bank of Baroda

Bank of Baroda is offering its customers an interest rate of 6.8 percent on FDs of 5 years duration. If you invest ₹5 lakh in this bank for 5 years, you will get a total of ₹7,00,469 on maturity. Being a government bank, it offers a good combination of safety and good returns for investors.

Union Bank

Union Bank is offering its customers an interest rate of 6.5 percent on FDs of 5 years duration. If you invest ₹5 lakh in this bank for 5 years duration, you will get a total of ₹6,90,210 on maturity. Union Bank is also a reliable government bank that offers stable returns to investors.

Kotak Mahindra Bank

Kotak Mahindra Bank is offering its customers an interest rate of 6.2 percent on FDs of 5 years duration. If you invest ₹5 lakh in this bank for 5 years, you will get a total of ₹6,80,093 on maturity. Investing in this reputed private sector bank can also prove to be a good option.

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