Highest FD rates: Which banks offer the best fixed deposit rates for 1-year FDs? Check list

Highest Fixed Deposit Interest Rates: A fixed deposit (FD) is a financial instrument that allows individuals to invest a predetermined sum of money for a specific duration. The tenure of the fixed deposit can be chosen by the investor, providing flexibility in investment options.
Investors looking to generate additional income through fixed deposits have a wide range of options available.The investment period can span from as short as seven days to as long as 10 years, with the interest rate varying based on the selected tenure.
Several top banks offer competitive interest rates on one-year fixed deposits, providing investors with attractive investment opportunities.
Here is a look at the top banks that offer highest interest rates on 1-year FDs, as listed by ET:

Booking an FD without PAN: Implications
In the absence of PAN, following are the implications for customers:
* TDS will be recovered at 20%(as against 10%)
* NO TDS credit from the Income Tax department
* NO TDS certificate will be issued (As per CBDT circular no:03/11)
* Form 15G/H and other exemption certificates will be invalid and penal TDS will apply.
Also Read | FD interest rates set to fall? Why investing in long-term fixed deposits may make sense right now
When is TDS deducted?
TDS is deducted every time the bank pays/re-invests interest during the financial year. In addition TDS is also deducted on interest accrued(but not yet paid) at the end of financial year viz. 31st March, says ET.
Liability for TDS
If the aggregate interest that you are likely to earn for all your deposits held across branches in a customer ID is greater than Rs 40,000/- (Rs 50,000/- for senior citizens) in a financial year , you become liable for TDS.
It is important to note that the tax liability for TDS purposes is determined based on the PAN number and not on a per-branch basis. Even deposits held by minors are subject to TDS, and the credit for the TDS can be claimed by the person in whose hands the minor’s income is included.