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Fixed Deposit: Check The Latest Interest Rates Offered By Govt Banks On 1-Year FD?

Team BankBazaar
·1-min read


Fixed deposits are low-risk investment instruments where your money gets locked-in for a defined period. They are a popular investment option for many as the returns are guaranteed. The tenure for FD investment normally ranges from 7 days to 10 years. You can choose the tenure as per your liquidity requirement. In case you are planning to invest in a 1-2 year FD, take a look at the latest interest rates of government banks.

Bank

Interest Rate On >=1 to <=2

Bank of Maharashtra

4.25%

Bank of Baroda

4.4%

Bank of India

4.75%

Canara Bank

4.5%

Central Bank of India

4.25%

IDBI Bank

4.4%

Indian Bank

4.45%

Indian Overseas Bank

4.9%

Punjab National Bank

4.5%

Punjab & Sind Bank

4.85%

State Bank of India

4.4%

UCO Bank

4.7%

Union Bank

4.5%

Data complied by BankBazaar from respective banks’ website on 16 Oct 2020. For each year range, the maximum offered interest rate is considered; interest rate is for a normal fixed deposit amount below Rs. 1 crore.

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