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Fixed Deposit: Check The Latest Interest Rate Of Government Banks On 1-2 Year FD

Team BankBazaar
·1-min read
Image source: Freepik
Image source: Freepik

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’s name

Interest Rate On 1-2 Year (In %)

Bank of Maharashtra

4.9

Bank of Baroda

5

Bank of India

5.3

Canara Bank

5.25

Central Bank of India

4.9

IDBI Bank

5.1

Indian Bank

5.1

Indian Overseas Bank

5.25

Punjab National Bank

5.2

Punjab & Sind Bank

5.3

State Bank of India

5.1

UCO Bank

5

Union Bank

5.25

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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