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Want To Invest In An FD? Check The Latest Interest Rates Of Public Sector Banks

·1-min read
Photo: www.unsplash.com
Photo: www.unsplash.com

Fixed deposits are popular amongst investors as they are convenient to invest in, returns are assured and also provide easy liquidity. Fixed deposits are offered for multiple tenures from 7 days to 10 years. Interest rates for each tenure vary from bank to bank. Despite offering low returns, FDs are preferred by investors who are looking at securing protection for their money. You can open an FD account easily by visiting the bank or through mobile banking and net banking applications. So, if you’re looking to invest in fixed deposit, here are the latest interest rates advertised by some of India’s prominent public sector banks.

Bank

<1
year

1 to 2
years

2 to 3
years

3 to 5
years

Bank of Maharashtra

4.25

4.9

4.9

4.9

Bank of Baroda

4.4

5

5.1

5.25

Bank of India

4.35

5.15

5.15

5.15

Canara Bank

4.45

5.4

5.5

5.5

Central Bank of India

4.25

5

5

5

IDBI Bank

4.3

5.1

5.3

5.3

Indian Bank

4.4

5.1

5.25

5.25

Indian Overseas Bank

4.9

5.2

5.2

5.2

Punjab National Bank

4.5

5.1

5.1

5.25

Punjab & Sind Bank

4.5

5.15

5.3

5.3

State Bank of India

4.4

5.1

5.3

5.4

UCO Bank

4.7

5

5

5

Union Bank

4.4

5.2

5.4

5.5

Disclaimer: Data as on respective banks’ website on July 16, 2021. The maximum offered interest rate has been considered for 2-3 years range. All interest rates are for normal fixed deposits amounting to less than Rs.1 crore.

Data compiled by BankBazaar.com, an online marketplace for loans, credit cards and more.

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