Fixed Deposit or FD is a popular investment option for many as it not only offers better interest rates than a savings account but also provides capital safety and assured returns. You can open an FD account with the public, private, small finance as well as foreign banks. Take a look at fixed deposit interest rates offered by top government banks in India.
|Bank||<1 Year||>=1 to <=2||2 to <=3||3 to <=5|
|Bank of Maharashtra||5.25||5.25||5.25||5.25|
|Bank of Baroda||4.4||5.1||5.1||5.3|
|Bank of India||5||5.65||5.55||5.55|
|Central Bank of India||4.8||5.35||5.35||5.35|
|Indian Overseas Bank||5.5||5.65||5.7||5.7|
|Punjab National Bank||4.75||5.5||5.5||5.4|
|Punjab & Sind Bank||5.1||5.55||5.55||5.55|
|State Bank of India||4.4||5.1||5.3||5.4|
Data as on respective banks’ website on 30 June 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. Compiled By BankBazaar.com, a neutral online marketplace for loans and credit cards.