SynopsisSeeking stable returns? Fixed deposits offer a low-risk avenue for your savings. For a Rs 5 lakh investment in a one-year FD, explore top rates from public sector banks, private banks and small finance bank. ET Online Which FD offers highest return on Rs 5L investment?Many people choose fixed deposits (FDs) over other investments options because they want stable returns from a low-risk instrument. Some people invest in FDs to park large amounts that they don’t want to invest in high-risk equities or similar investment options. FD interest rates range between banks, and even a slight variation in rates might change the maturity amount you get. The FD tenure can be from 7 days to 10 years.Investors can invest large amounts in FDs as most banks have no maximum investment limit for fixed deposits. If you are planning to invest Rs 5 lakh in a one-year FD scheme, here's a look at the banks currently offering the highest FD interest rates. Also know the approximately maturity amounts that you can get in these FDs on a Rs 5 lakh investment.Highest 1-year FD interest rates at PSU banksBank of India and Indian Overseas Bank are offering the highest interest rate at 6.5% each. Bank of Maharashtra is offering a 6.4% rate, while Bank of Baroda, Canara Bank, Punjab National Bank (PNB) and State Bank of India (SBI) have a 6.25% interest rate each in their 1-year FDs.Highest 1-year FD interest rates (PSU banks) and maturity on Rs 5 lakh investment Bank Interest Rate (%) Maturity amount (Rs) Bank of India, Indian Overseas Bank 6.5 533,301 Bank of Maharashtra 6.4 532,776 Bank of Baroda, Canara Bank, PNB, SBI 6.25 531,990 Union Bank of India 6.2 531,728 Highest 1-year FD interest rates at private banksSBM Bank India offers the highest 1-year FD interest rate at a 7.1%, while the interest rate at Bandhan Bank and RBL Bank is 7% each. DCB Bank offers a 6.9% rate to its investors, while Jammu & Kashmir Bank and Tamilnad Mercantile Bank offer a 6.8% each. IndusInd Bank has a 1-year FD interest rate of 6.75%.Highest 1-year FD interest rates (private banks) and maturity on Rs 5 lakh investment Bank Interest Rate (%) Maturity on Rs 5 lakh investment (Rs) SBM Bank India 7.1 536,456 Bandhan Bank, RBL 7 535,930 DCB Bank 6.9 535,403 Jammu & Kashmir Bank, Tamilnad Mercantile Bank 6.8 534,877 IndusInd Bank 6.75 534,614 Highest 1-year FD interest rates at small finance banks (SFBs)Suryoday Small Finance Bank and Ujjivan Small Finance Banks are offering the highest 1-year FD interest rate at 7.25% each among all SFBs. Equitas Small Finance Bank’s rate is 7.10%, while Jana Small Finance Bank is offering a 7% interest rate to its 1-year FD investors.Highest 1-year FD interest rates (SFBs) and maturity on Rs 5 lakh investment Bank 1-Year FD Rate (% p.a.) Maturity on Rs 5 lakh investment (Rs) Suryoday Small Finance Bank 7.25% 5,37,248 Ujjivan Small Finance Bank 7.25% 5,37,248 Equitas Small Finance Bank 7.10% 5,36,456 Jana Small Finance Bank 7.00% 5,35,930 AU Small Finance Bank 6.35% 5,32,514 (FD interest rate source: Paisabazaar) (Join our ETWealth WhatsApp channel for all the latest updates)...more