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Fixed Deposits – Which Public Sector Bank Is Offering The Best Interest Rate?

Photo: www pixabay.com
Photo: www pixabay.com

Fixed deposits are the safest investment option for many Indians as they offer assured returns with capital safety. You can open an FD account with the public, private, small finance as well as foreign banks. Take a look at interest rates offered by top public sector banks in India.

BANK FD INTEREST RATES

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 Maharashtra

5.75

6

5.75

5.5

Bank of Baroda

6.45

6.6

6.45

6.25

Bank of India

6

6.4

6.25

6.25

Canara Bank

6.2

6.5

6.25

6.25

Central Bank of India

6.1

6.45

6.25

6.25

Corporation Bank

6.5

6.8

6.5

6.5

Dena Bank

NA

NA

NA

NA

IDBI Bank

6

6.5

6.3

6.3

Indian Bank

6

6.6

6.5

6.5

Indian Overseas Bank

6.25

6.5

6.4

6.4

Oriental Bank of Commerce

6

6.5

6.5

6.5

Punjab National Bank

6

6.5

6.25

6.25

Punjab & Sind Bank

6.4

6.55

6.45

6.45

State Bank of India

5.8

6.4

6.25

6.25

Syndicate Bank

5.75

6.6

6.25

6.25

UCO Bank

6

6.3

6.3

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 Oct 22nd, 2019. 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

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