This month many private and government banks have changed the interest rates on FD. Let us know which bank is offering how much interest at present?
Bank FD Rates: Fixed deposit is considered a great option for safe investment. There is no risk of market risk in this. Even amidst rising inflation, a fixed interest continues to be received from time to time. The month of January is about to end. During this period, many banks have revised the interest rates on FD. If you also want to make Fixed Deposit your piggy bank, then know which bank is currently offering how much interest.
Union Bank of India
This public sector bank has also changed the interest rates on fixed deposits. The bank is offering 7.25% interest on deposits of 399 days. 6.75% interest is available on tenure of 1 year to 398 days. 3.50% interest is available on FD of less than 1 year. You can check the interest rates by visiting the official website of the bank.
Punjab National Bank
Public sector PNB is also included in this list. This bank has revised the FD interest rates twice in the same month. Common citizens are getting 3.50% to 7.05% interest on FDs of 7 days to 10 years. The interest rate for senior citizens is 7.55%. The highest interest is available on FD of 400 days.
Federal Bank of India
This private sector bank has also changed the interest rates on FD in the month of January. The bank is offering 3% to 7% interest to common citizens on FD of 7 days to 10 years. The maximum interest rate for senior citizens is 7.50%. Highest interest is available on FD of 500 days. The rates are 7.75% for general citizens and 8.25% for senior citizens.
IDBI Bank
This LIC backed bank has also made a big change in the interest rates of FD. The bank is offering 6.50% interest on tax saving FD to general citizens and 7% to senior citizens. The highest interest is available on deposits of more than 2 years and less than 3 years. The rates are 7% for general citizens and 7.50% for senior citizens.
Bank of Baroda
Bank of Baroda is also included in this list. This public sector bank is offering interest ranging from 4.25% to 6.50% to common citizens. Rates for senior citizens range from 4.75% to 7.35%. On 399 days special FD scheme, general citizens are getting 7.15% interest and senior citizens are getting 7.65% interest.
