Fixed Deposit: Fixed Deposit is one of the favourite saving options among Indians. It has its reasons, first of all, investment in fixed deposit is completely risk-free, second, it gives a certain return in a fixed tenure, and third, it allows investors to take a loan against it in any emergency scenario.
Over the last few quarters, the Reserve Bank of India has hiked repo rates multiple times to fight the consequences of high inflation, following which most public and private sector banks have increased their fixed deposit interest rates. In this article, we would talk about the top 5 public sector banks that offer Fd schemes with the most attractive interest rates at the time.
State bank of India FD interest rates
SBI has recently hiked its interest rates for fixed deposits. Bank has launched a special FD scheme for 400 days for which it is offering the best interest rate of 7.10 percent for the general public and 7.60 for senior citizens.
Punjab and Sind Bank FD interest rates
Punjab and Sind banks probably have the best high-return fixed deposits scheme. It offers a 221 days fd scheme with an 8% interest rate for common citizens and 8.50% for senior citizens.
The central bank of India Fd interest rates
This public Sector bank offers a 444 day fixed deposit scheme with a very attractive interest rate. CBI offers 7.35% for common citizens and 7.85% for senior citizens.
Canara Bank fixed deposit interest rate
Canara Bank launched a 400 days fixed deposits scheme. Although Canara Bank has the lowest interest rate on FDs, this special FD scheme has an attractive interest rate. Bank offers 7.15% interest for common citizens and 7.65% for senior citizens.
Indian Bank
Indian banks offer a top interest rate of 7% per common citizen and 7.50% for senior citizens.
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