Highest FD Interest Rates in Government Banks: A Smart Investment Option
New Delhi (The Uttam Hindu): Fixed Deposit (FD) is a popular investment option. Its biggest advantage is that investment in FD never sinks and after a certain time you get your entire amount back with interest.
After the RBI reduced the repo rate in the first week of this month, many government banks have changed the interest rates of FD in recent days. Today we are going to tell you about the government banks giving the highest interest on FD.
Among the public sector banks, Bank of Maharashtra is offering the highest interest on fixed deposits. The bank is offering 7.15 percent interest on FDs of 366 days. At the same time, the bank is offering an interest rate of 6.25 percent for one year, 6.3 percent for 3 years and 6.25 percent for 5 years.
Indian Overseas Bank is offering an interest rate of 7.10 percent on FDs of 444 days. At the same time, the bank is offering an interest rate of 6.70 percent on one-year FDs, 6.30 percent on three-year FDs and 6.30 percent on five-year FDs.
Punjab & Sind Bank is offering interest rates of 7.05 per cent on 444 days FD, 6.10 per cent on one-year FD, 6.00 per cent on three-year FD and 6.35 per cent on five-year FD.
Bank of India is offering an interest rate of 7.00 percent on 999 days green FD. At the same time, an interest rate of 6.50 percent is being given on one year FD, 6.25 percent on two year FD and 6.00 percent on five year FD.
Central Bank of India is giving 7 percent interest on FDs of more than 2 and less than 3 years. Apart from this, the bank is giving 7 percent interest on FDs of 1111 days, 2222 days and 3333 days. At the same time, the bank is offering 6.70 percent interest on one-year FD, 6.75 percent on three-year FD and 6.50 percent on five-year FD.