FD Update: Good news for those investing in FD, these 10 banks are paying the highest interest..
Fixed Deposit Interest Rate: In today's time, everyone thinks about increasing their income. For this, there are many investment options available. Where can you get good interest by investing less money? If you are planning to invest, then at this time, even after the RBI cut the repo rate, many government and private banks are offering great interest on fixed deposits.
There is good news for those investing in FD. Many government and private banks of the country are offering strong interest on FD to senior citizens and general customers. Let us tell you that different interest rates are being provided on FD from 1 year to 5 years in different banks. Let us know in the news below which ten banks are giving the highest interest on FD.
Central Bank of India
Central Bank of India is giving the highest interest of up to 7 percent to its customers on bank FD (Central Bank of India FD Rate), which is the highest among public sector banks. This bank is giving interest above 6.5 percent in all periods from 1 year to 5 years.
Indian Bank
Indian Bank (Indian Bank FD Rate) is offering its customers an interest rate of 6.10 percent on a 1-year FD, but its maximum rate is 6.90 percent. This bank is offering slightly less interest on long-term FDs.
Indian Overseas Bank
Indian Overseas Bank (Indian Overseas Bank FD Rate) is offering 6.60 percent interest on 1-year FD, while offering a maximum of 6.75 percent interest. The bank is offering 6.30 percent interest on a 5-year FD, which is more than many banks.
Canara Bank FD Rate -
Canara Bank (Canara Bank FD Rate) is offering 6.50 percent to its customers on all FDs. This can be a reliable option for those looking for stable returns.
Punjab National Bank
Punjab National Bank (Punjab National Bank FD Rate) is offering 6.40 percent interest on 1-year FD and a maximum of 6.70 percent interest. At the same time, this bank is giving 6.50 percent interest on FD up to 5 years.
Bank of FD interest rate -
Bank of India (Bank of India FD Interest Rate) is offering 6.50 percent interest on 1-year FD and gives a maximum of 6.70 percent interest. The interest rate for a 5 5-year FD is 6.00 percent.
Bank of Baroda FD interest rate -
The maximum interest rate of Bank of Baroda (Bank of Baroda FD Rate) is 6.60 percent, while 5 5-year FD gives 6.40 percent return. This can be an option with a balanced return.
UCO Bank
UCO Bank (UCO Bank FD Rate) is offering 6.25 percent and a maximum of 6.70 percent interest on 1 term. However, it gives only 6.10 percent interest on a 5-year FD.
SBI Bank FD Interest Rate -
SBI (State Bank of India FD Rate) has a rate of 6.25 percent and a maximum of 6.60 percent on 1-year FD. Its rate for 5 years is 6.05 percent, which is lower than some other banks.
Union Bank
Union Bank (Union Bank of India FD Rate) is giving balanced returns across all tenures. Its interest rate on 1-year and 3 year FD is 6.60 percent, while on 5 year FD it is 6.25 percent.
Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
