Many prominent banks have recently revised their fixed deposit interest rates. 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 tenures.
|BANK FD INTEREST RATES|
|Bank||<1 Year||>=1 to <=2||2 to <=3||3 to <=5|
|Bank of Mah||5.75||6||5.75||5.5|
|Punjab & Sind||6.4||6.55||6.45||6.45|
Data taken from respective bank’s website as on 12 Nov 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, a neutral online marketplace for loans and credit cards