Opportunity to Earn Up to 7.15% on Fixed Deposit! These 5 Public Sector Banks Offer the Highest Interest Rates

New Delhi | Fixed Deposits (FDs) are considered one of the most reliable and popular investment options in the country. The biggest advantage of an FD is that your investment remains secure, and after a fixed period, you receive the entire amount with interest.

After the Reserve Bank of India (RBI) cut the repo rate earlier this month, many public sector banks have revised their FD interest rates. Here are the public sector banks currently offering the highest returns on FDs:

1. Bank of Maharashtra

Offers the highest FD interest rate among public sector banks.

366-day FD: 7.15%

1-year FD: 6.25%

3-year FD: 6.30%

5-year FD: 6.25%

2. Indian Overseas Bank

444-day FD: 7.10%

1-year FD: 6.70%

3-year FD: 6.30%

5-year FD: 6.30%

3. Punjab and Sind Bank

444-day FD: 7.05%

1-year FD: 6.10%

3-year FD: 6.00%

5-year FD: 6.35%

4. Bank of India

999-day “Green FD”: 7.00%

1-year FD: 6.50%

2-year FD: 6.25%

5-year FD: 6.00%

5. Central Bank of India

Offers 7.00% interest on FDs with a tenure more than 2 years and less than 3 years.

Also offers 7.00% on 1111 days, 2222 days, and 3333 days FDs.

1-year FD: 6.70%

3-year FD: 6.75%

5-year FD: 6.50%