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What Are The Best FD Rates Offered By Public Sector Banks After RBI Rate Cut

Team BankBazaar
Image source: Freepik

Many banks recently revised their fixed deposit interest rates. The Reserve Bank of India slashed the repo rate by 25 basis points to 5.15 per cent last week. Banks usually lower the fixed deposit interest rates whenever there is fall in key interest rate and surplus liquidity. Here’s a look at the latest interest rates offered by some of India’s leading public sector banks on fixed deposits of various terms.

FD Interest Rates Offered By Public Sector Banks
Bank <1 Year >=1 to <=2 2 to <=3 3 to <=5
Allahabad Bank 6.75 6.6 6.45 6.35
Andhra Bank 6 6.6 6.5 6.5
Bank of Mah 5.75 6 5.75 5.5
BOB 6.45 6.6 6.45 6.25
BOI 6 6.5 6.25 6.25
Canara Bank 6.2 6.5 6.25 6.25
CBOI 6.1 6.55 6.3 6.3
Corp Bank 6.5 6.8 6.5 6.5
Dena Bank NA NA NA NA
IDBI Bank 6.15 6.65 6.5 6.5
Indian Bank 6 6.6 6.5 6.5
IOB 6.25 6.55 6.55 6.6
OBC 6 6.8 6.7 6.7
PNB 6 6.5 6.25 6.25
Punjab & Sind 6.4 6.7 6.65 6.55
SBI 5.8 6.5 6.25 6.25
Syndicate Bank 6 6.7 6.5 6.5
UCO Bank 6 6.5 6.4 6.25
Union Bank 6.25 6.6 6.4 6.45
United Bank 6 6.5 6.25 6
Vijaya Bank NA NA NA NA
Data taken from respective bank’s website as on 04 Oct 19
For each year range, maximum offered interest rate is considered; Interest Rate for normal fixed deposit amount below Rs 1 Cr
Compiled by BankBazaar.com