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