New Delhi, 22 June (IANS). Fixed Deposit (FD) is a popular investment option. The biggest advantage of this is that investment in FD never sinks and after a certain time you get your full amount back with interest.
After the RBI reduced the repo rate in the early week of this month, many government banks have changed the interest rates of FDs in recent times. Today we are going to tell you about the most interest paying government banks on FD.
Bank of Maharashtra is offering the most interest on fixed deposits in public sector banks. The bank is paying 7.15 percent interest on FD of 366 days. At the same time, bank is offering 6.25 percent for one year, 6.3 percent for 3 years and 6.25 percent for 5 years.
Indian Overseas Bank is offering an interest rate of 7.10 percent on 444 days FD. At the same time, interest rate of 6.70 percent on one year FD, 6.30 percent on three years FD and 6.30 percent on FD of five years is being given by the bank.
Punjab & Sindh Bank is offering an interest rate of 7.05 percent on 444 days FD, 6.10 percent on one year FD, 6.00 percent on FD of three years and 6.35 percent on five years FD.
Bank of India is offering an interest rate of 7.00 percent on 999 days of green FD. At the same time, an interest rate of 6.50 percent on one year FD, 6.25 percent on FD of two years and 6.00 percent on FD of five years is being given.
Interest is being paid by Central Bank of India on more than 2 and 7 percent on FDs of less than 3 years. Apart from this, the bank is paying 7 percent interest on 1111 days, 2222 days and 3333 days FD. At the same time, bank is offering interest of 6.70 percent on one year FD, 6.75 percent on three years FD and 6.50 percent on FD of five years.
-IANS
ABS/