FD rate up to 7.4%: List of PSU banks offering highest FD interest rates in August 2024 Union Bank, Bank of India, Punjab National Bank, and others made changes. Here's a compilation of public sector banks with the most competitive FD interest rates in August 2024
Many public sector banks (PSU) have revised their fixed deposit interest rates in the last two months. PSU banks, also known as Public Sector Banks, are Indian banking in which the government holds more than 50% of the capital.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} Banks that have revised fixed deposit interest rates in August include Union Bank, Bank of India, Punjab National Bank and more.
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Which PSU bank has the highest FD rate?
Among scheduled public sector banks, Union Bank of India offers the highest fixed deposit interest rates of up to 7.40% p.a. on tenure 333 days. Senior citizens (of age 60 years and above) can earn fixed deposit rates of up to 0.50% p.a. higher and super senior citizens can earn 0.75% higher.Bank Fixed Deposit RatesBank NameInterest Rates (p.a.)Highest slab1-year tenure (%)3-year tenure (%)5-year tenure (%)%TenureBank of Baroda7.25399 days6.857.156.5Bank of India7.3666 days6.86.56Bank of Maharashtra7.25777 days6.756.56.5Canara Bank7.25444 days6.856.86.7Central Bank of India7.3444 days6.856.56.5Indian Bank7.25400 days - IND SUPER6.16.256.25Indian Overseas Bank7.3444 days6.96.56.5Punjab National Bank7.25400 days6.7576.5Punjab & Sind Bank7.3666 days6.366State Bank of India7.25444 days 6.86.756.5Union Bank of India7.4333 days6.86.76.5
Source: Paisabazaar; interest rates as on August 7, 2024
Bank of India special FD
Under the special deposit, general citizens will earn 7.30 percent senior citizen will get 7.80 percent and 7.95 percent for super Senior Citizens for deposits will Rs 2 crore 666 days.
Bank of Baroda special FD
The bob Monsoon Dhamaka Deposit Scheme is available in two tenor buckets – offering interest rates of 7.25% per annum for 399 days and 7.15% for 333 days. The scheme opens on 15th July, 2024 and is applicable on retail deposits below Rs 3 crore.
SBI special FD
The State Bank of India (SBI) has launched a new term limited-period deposit scheme known as "Amrit Vrishti." This FD scheme offers higher interest rates and caters to both domestic and non-resident Indian customers. The new scheme is effective July 15, 2024. This special FD can be booked through branch, internet banking, and YONO Channels.
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This story originally appeared on: India Times - Author:Faqs of Insurances
