You will also get bumper returns by investing in FD of Punjab National Bank. It is offering interest between 3.5 percent to 7.25 percent on FDs with tenure ranging from 7 days to 10 years. Whereas, for senior citizens it is offering interest between 4 percent to 7.75 percent. If you invest for 444 days, the maximum interest you will get is 7.25 percent.
People’s attraction towards fixed deposits (FD) is gradually increasing. Small to big investors are preferring to invest in FD. Because in this investors get good returns in short time. Also, compared to Sevinc account, you get bumper interest on fixed deposits. This is the reason why the number of customers investing in FD is increasing very rapidly in banks. If you want to take advantage of higher interest rates, you can invest in FD. So let us know today about five famous banks which are giving high interest on FD. Along with government, private banks are also included in this list.
Bank of Baroda FD Rates: Bank of Baroda has come up with a very excellent FD scheme for its customers. It is offering FD for long tenures ranging from seven days to 10 years. The special thing is that Bank of Baroda is offering 3 to 7.25 percent interest rates for its regular customers. At the same time, it is offering interest between 3.5 to 7.75 percent for senior citizens.
Federal Bank FD Rates: Like Bank of Baroda, Federal Bank also has FD schemes for tenures ranging from 7 days to 10 years. It is giving interest on it ranging from 3 percent to 7.3 percent. Whereas, it provides 3.5 percent to 7.8 percent interest rates to senior citizens. The special thing is that these interest rates are applicable from September 1, 2023.
Canara Bank FD: Similarly, Canara Bank also has FD scheme for the period ranging from 7 days to 10 years. It is offering 4 percent to 7.25 percent interest rates to general customers, while it is offering rates of interest between 4 percent to 7.75 percent to senior citizens. At the same time, it is providing the highest interest of 7.25 percent on a period of 444 days.
IndusInd Bank FD Rates: IndusInd Bank is also offering interest rates between 3.5 percent to 7.5 percent for tenure ranging from 7 days to 10 years. Whereas it offers interest rates to senior citizens between 4.25 percent to 8.25 percent. These rates are applicable from August 5, 2023 only.