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.
Interest Rate On 1-2 Year (In %)
Bank of Maharashtra
Bank of Baroda
Bank of India
Central Bank of India
Indian Overseas Bank
Punjab National Bank
Punjab & Sind Bank
State Bank of India
Data complied by BankBazaar from respective banks’ website on Nov 20, 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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