FD Interest Rates: So far this month, January, three public sector banks have revised their FD interest rates and implemented the new rates. These banks include Canara Bank, Bank of Baroda, and Bank of Maharashtra. Let’s find out the details.
Add informalnewz.com as a Preferred Source
FD Interest Rates: Bank FDs are a popular investment option for safe investment. There’s no fear of losing money with a bank FD, and the returns are also pre-fixed. This is why bank FDs are so popular. Different banks across the country offer FDs with different tenures, offering different interest rates. If you’re an FD investor and rely solely on bank FDs to invest your money, you should be aware of the interest rates offered by different banks.
So far this month, January, three public sector banks have revised their FD interest rates and implemented the new rates. These banks include Canara Bank, Bank of Baroda, and Bank of Maharashtra. Let’s learn the details.
Canara Bank FD
Canara Bank, the leading public sector bank, has revised its FD interest rates, with the new rates effective January 5. This change has been made in the interest rates for certain specific periods, due to which investors will now get better returns than before.
Canara Bank is offering the highest interest rate on its 555-day FD. This callable FD offers returns of 6.50 percent for general citizens and 7 percent for senior citizens. Furthermore, the 444-day FD offers interest rates of 6.45 percent and 6.95 percent for senior citizens.
Bank of Baroda FD
Bank of Baroda’s new FD rates also came into effect on January 5th. With the new rates, interest rates for general citizens range from 3.50 to 6.45 percent, while for senior citizens, interest rates are up to 7 percent. BOB is offering the highest returns to its customers on its 444-day FD. The interest rates for general citizens and senior citizens are 6.60 percent and 7.20 percent, respectively.
Bank of Maharashtra FD
Bank of Maharashtra’s new FD rates came into effect on January 7th. Interest rates for general citizens range from 2.60 to 6.55 percent. Interest rates for senior citizens are 0.50 percent higher than normal. Bank of Maharashtra is offering the highest returns to its customers on its 400-day FD. The interest rates for these FDs are 6.65 percent for general citizens and 7.15 percent for senior citizens.
Add informalnewz.com as a Preferred Source
DISCLAIMER
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at informalnewz@gmail.com
