These banks are giving bumper interest on 5 year FD, know how much return you will get after completion of maturity.

Canara Bank FD Rates: If we talk about Canara Bank, then it is offering interest rates between 4 percent to 7.25 percent on FDs ranging from 7 days to 10 years. Similarly, it is giving interest between 4 percent to 7.75 percent to senior citizens. Canara Bank gives the highest interest rate of 7.25 percent on FD of 444 days.

If you are planning to invest in this festive season, then you have a good opportunity now. Many government and private banks of the country are offering bumper interest on fixed deposits. The special thing is that banks are offering excellent rates of interest to ordinary citizens as well as senior citizens. In such a situation, even elderly people can earn good profits by investing in FD. So let us know today about those banks which are giving good returns to the common citizens as well as the elderly on making FD.

You will get bumper returns on completion of maturity

If we talk about government banks, then Bank of Baroda is giving bumper offers on FD to its customers. It is giving interest between 3 percent to 7.25 percent to the common citizen on FD with tenure ranging from 7 days to 10 years. At the same time, Bank of Baroda is offering interest rates between 3.5 percent to 7.75 percent to senior citizens. In such a situation, if you make FD in Bank of Baroda, you will get bumper returns on completion of maturity.

7.25 percent interest rates are being given

Similarly, Punjab National Bank is also giving excellent interest on fixed deposits to its customers. If you are not a senior citizen and make an FD in Punjab National Bank for a period ranging from 7 days to 10 years, then you will get interest rates between 3.5 percent to 7.25 percent from the bank. At the same time, senior citizens will get interest rates between 4 percent to 7.75 percent on making FD in Punjab National Bank. The special thing is that the highest interest rate of 7.25 percent is being given on a period of 444 days.

Interest rates are applicable from September 1, 2023

At the same time, Federal Bank is also giving good returns on FD to the customers. It is offering interest rates between 3 percent to 7.3 percent to common people on FDs with tenure ranging from 7 days to 10 years. Whereas, Federal Bank is giving interest between 3.5 percent to 7.8 percent to senior citizens. The special thing is that these interest rates are applicable from September 1, 2023.

Is offering interest between 7.5 percent

Similarly, Indusland Bank is also offering interest between 3.5 percent to 7.5 percent on FDs ranging from 7 days to 10 years. Whereas, for senior citizens, it is offering interest between 4.25 percent to 8.25 percent. These new rates are applicable from 5 August 2023.