FD INTEREST RATES OF PUBLIC SECTOR BANKS ​CONSIDERED SAFEST

FD RATES OF PUBLIC SECTOR BANKS ​CONSIDERED SAFEST

COMPARITIVE FD INTEREST RATES OF PUBLIC SECTOR BANKS

Which bank pays maximum interest on FD?

IOB PAYS HIGHEST FOR 1 YEAR AMONG PUBLIC SECTOR BANKS
​Dated 28.02.2025 : Indian Overseas Bank is paying the highest rate of 7.6 % pa for the senior citizens for deposits for 1 year. It’s also paying the general public the highest rate of 7.10 % pa.
​State Bank of India pays the highest rate of 7.5 % pa to senior citizens for their 5-year deposits. Bank of Baroda is paying the highest rate of 6.80 % pa for 5 years period for the general public

FOR ONE YEAR DEPOSITS
The public sector banks are offering interest rates between 6.10 % % to 7.10 % for public ( 6.60 % to 7.60 % to Senior Citizens ) .
​
FOR 5 YEAR DEPOSITS
​ Public sector banks pay between 6.00 % to 6.80 % ( 6.50 % to 7.50 % for senior citizens ) ​​
NOTE :
1. Depositors get DICGC cover of Rs 5.00 lakhs on Bank Deposits as insurance . ​​​​​​​

INTEREST RATES FOR 1 YEAR :

PUBLIC SECTOR BANKS INTEREST RATES

Interest Rates for 1year for General public and Senior Citizens :
1. .BANK OF BARODA – 6.85 % ( 7.35 % for the Senior Citizens )
02 . BANK OF INDIA 6.80 % ( 7.30 % for the Senior Citizens )
03. BANK OF MAHARASHTRA 6.75 % ( 7.25 % for the Senior Citizens )
04. CANARA BANK 6.85 % ( 7.35 % for the Senior Citizens )
05.CENTRAL BANK OF INDIA 6.85 % ( 7.35 % for the Senior Citizens )
06.INDIAN BANK 6.10 % ( 6.60 % for the Senior Citizens )
07.INDIAN OVERSEAS BANK 7.10 % ( 7.60 % for the Senior Citizens )
08.PUNJAB & SIND BANK 6.30 % ( 6.80 % for the Senior Citizens )
09.PUNJAB NATIONAL BANK 6.80 % ( 7.30 % for the Senior Citizens & 7.60 % for Super Seniors )
10.STATE BANK OF INDIA 6.80 % ( 7.30 % for the Senior Citizens )
11.UCO BANK 6.50 % ( 6.75 % for the Senior Citizens )
12.UNION BANK OF INDIA 6.80 % ( 7.30 % for the Senior Citizens )

PUBLIC SECTOR BANK INTEREST RATES FOR 5 YEARS DEPOSITS :

Interest Rates for 5 years for General public and Senior Citizens :
1. .BANK OF BARODA – 6.80% ( 7.40 % for the Senior Citizens and 7.50 % for super senior citizens )
02. BANK OF INDIA 6.00 % ( 6.75 % for the Senior Citizens and 6.90 % for super senior citizens )
03. BANK OF MAHARASHTRA 6.50 % ( 7.00 % for the Senior Citizens )
04. CANARA BANK 6.70 % ( 7.20 % for the Senior Citizens )
05. CENTRAL BANK OF INDIA 6.75 % ( 7.25 % for the Senior Citizens )
06. INDIAN BANK 6.25 % ( 6.75 % for the Senior Citizens )
07. INDIAN OVERSEAS BANK 6.50 % ( 7.00 % for the Senior Citizens and 7.25 % super seniors)
08. PUNJAB & SIND BANK 6.00 % ( 6.50% for the Senior Citizens )
09. PUNJAB NATIONAL BANK 6.50 % ( 7.00 % for the Senior Citizens and 7.30 % super seniors )
10. STATE BANK OF INDIA 6.50 % ( 7.50 % for the Senior Citizens )
11. UCO BANK 6.20% ( 6.70 % for the Senior Citizens )
12. UNION BANK OF INDIA 6.50 % ( 7.00 % for the Senior Citizens )

SPECIAL SCHEMES OF BANKS FOR SPECIAL PERIOD :
​1. Bank of Baroda
a. offers 7.80 % & 7.90 % PA for 400 days for the Senior Citizens & Super senior citizens, respectively General public 7.30 % )
​2. Bank of Maharashtra offers 7.40 % for 200 days for the Senior Citizens ( General public 6.90 % ) and 7.95 % for 366 days , only for the Senior Citizens ( General public 7.45 % ) . Interest rates of 7.90 % for 555 days for the Senior Citizens ( General public 7.40 % ) .
3. Canara Bank offers 7.75 % for 444 days for the Senior Citizens ( General public 7.25 % ) ​.
4. Central Bank India offers ​ 1. 7.95 % for 444 days for the Senior Citizens ( General public 7.45 % ) 7.75 % for 555 days for the Senior Citizens ( General public 7.25 % )
3. 7.00 % for 999 days for the Senior Citizens ( General public 6.50 % ) . ​5. Indian Bank offers
1. 7.80 % for 400 days for the Senior Citizens ( General public 7.30 % ) and 8.05 % pa for super senior citizens
2. 7.55 % for 300 days for the Senior Citizens ( General public 7.05 % ) and 7.80 % pa for super senior citizens
​6. Indian Overseas Bank offers 7.80 % for 444 days for the Senior Citizens ( General public 7.30 % )
​7. Punjab & Sind Bank offers 7.80 % for 444 days for the senior citizens ( General public 7.30 % ) , & 7.75 % for 777 Days for the senior citizens ( General public 7.25 % )
8 . Punjab National Bank offers 7.50 % for 303 days for the Senior Citizens ( General public 7.00 % & Super Seniors 7.80 % ) & 6.90 % for 1204 days for the Senior Citizens ( General public 6.40 % & Super Seniors 7.20 % )
9. Uco Bank offers 7.55 % for 400 days for the Senior Citizens ( General public 7.05 % ) .
9 . Union Bank of India offers 7.50% for 399 days for the Senior Citizens ( General public 7.00 % ) .

To know the latest interest rates offered by individual banks for various maturities , click on the name of the bank to reach their websites . ( Banks listed alphabetically )
1. .BANK OF BARODA
02.BANK OF INDIA
03.BANK OF MAHARASHTRA
04. CANARA BANK
05.CENTRAL BANK OF INDIA
06.INDIAN BANK
07.INDIAN OVERSEAS BANK
08.PUNJAB & SIND BANK
09.PUNJAB NATIONAL BANK
10.STATE BANK OF INDIA
11.UCO BANK
12.UNION BANK OF INDIA

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