Save Through FD In The New Year, These 5 Government Banks Are Giving Strong Returns, Interest Rate Is More Than 7%, Read Full News

 

Bank FD : If you are planning to save in the new year, then fixed deposit can become the best option for savings. Investing in bank FD is quite easy. In this, investment has to be made once, on which banks keep offering interest from time to time. Let us know how much interest the major public sector banks of the country are currently offering on FD.

This bank is giving the highest interest

Punjab and Sindh Bank is at number one in this list. This bank is giving interest up to 7.40%. 6.20% interest is available on one year FD. Whereas 6% interest is being given on tenure of 3 years and 5 years.

Bank of Baroda

This public sector bank is giving maximum interest of 7.25%. It is offering 6.75% interest on 1 year FD, 7.25% interest on 3 year deposit and 6.50% interest on 5 year tenure.

Bank of India

Bank of India is also offering attractive interest on FD. Maximum rates is 7.25%. 6.50% interest is available on 1 year deposit, 6.5% interest on 3 year tenure and 6% interest on 5 year tenure.

Punjab National Bank

PNB is offering up to 7.25% interest on FD to its customers. The interest rate for 1 year tenure is 6.75%, for 3 years tenure the rates are 7% and for 5 years FD the rates are 6.5%.

Canara Bank

Canara Bank is also offering attractive interest on fixed deposits. The maximum interest rate is 7.25%. 6.85% interest is available on 1 year FD, 6.80% interest on 3 year deposit and 6.70% interest on 5 year period.