FD Interest 2026: Avoid the risks of the stock market, these public sector banks are offering high interest on FDs in a short period of time..

If you wish to earn excellent returns on your hard-earned money while keeping it absolutely safe, this is the perfect time for you. For risk-averse investors who prefer to steer clear of the volatility of the stock market, the country's major public sector banks can prove to be an excellent option. Currently, several public sector banks are offering highly attractive interest rates to the general public on their special-tenure Fixed Deposit (FD) schemes. If you, too, are considering investing for a period of 1 to 3 years, let's take a look at which public sector banks are currently leading the pack in terms of the interest rates they offer.

**Who is Offering How Much Interest?**
A look at the latest data reveals that there is currently a fierce competition among public sector banks regarding interest rates. Bank of Baroda is offering an interest rate of 6.45% on a 444-day FD under its 'BoB Square Drive Deposit Scheme,' while the country's largest public sector bank, State Bank of India (SBI), is also offering a return of 6.45% for a 444-day tenure under its special 'Amrit Vrishti' scheme. Furthermore, banking giants such as Canara Bank, Indian Bank, Indian Overseas Bank, Punjab National Bank (PNB), and Union Bank of India are also offering a robust interest rate of 6.60% on tenures ranging from 444 to 555 days.

However, if your goal is to maximize your profits, you definitely need to know about the top 5 banks that are currently offering the highest interest rates.

**Punjab & Sind Bank:** The highest interest rate of 6.75% on a special 666-day FD.
**Bank of India:** A return of 6.70% on a long-term investment tenure of 3 years.
**Central Bank of India:** An interest rate of 6.65% on a short tenure of just 333 days.
**Bank of Maharashtra:** A return of 6.65% on a special 400-day scheme. Canara Bank, PNB, and Union Bank: Assured interest of 6.60% on tenures ranging from 444 to 555 days.

How Safe Are Public Sector Banks?
Market experts believe that the greatest advantage of investing in public sector banks is that your money remains 100% secure, with absolutely no risk of loss. Consequently, if you have surplus funds—that is, extra money lying idle—locking it into the special FD schemes offered by these banks could prove to be an extremely prudent and profitable move.

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