This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Terms of Use.
Accept
IndiaPost LiveIndiaPost LiveIndiaPost Live
  • Home
  • India
  • World
  • Business
  • Entertainment
  • Sports
Notification Show More
Font ResizerAa
IndiaPost LiveIndiaPost Live
Font ResizerAa
  • Home
  • India
  • World
  • Business
  • Entertainment
  • Sports
  • India News
  • State
  • World
  • Entertainment
  • Business
  • Trending
  • Sports
  • Career
  • Lifestyle
  • Languages
Follow US
© 2024 NM Media. All Rights Reserved.

News » India News » FD interest rates: Check the interest paid on 1 year deposits by 9 PSU banks

India News

FD interest rates: Check the interest paid on 1 year deposits by 9 PSU banks

NM Desk
Last updated: 17 October, 2024 7:16 AM
NM Desk
Share
FD interest rates: Check the interest paid on 1 year deposits by 9 PSU banks

Even in this age of high returns from equities and mutual funds, Fixed Deposits (FD) have not lost their utility to crores of Indians. In fact, FDs are an evergreen debt instrument to a huge number of Indians due to the fact that they are assured of their interest income – as opposed to market fluctuations in equity and equity-related instruments – and peace of mind.

Contents
Significance of 1-year FDsSBI, PNB, Union Bank, BoB, Indian Bank FD ratesCanara Bank, Bank of India, Bank of Maharashtra, Central Bank

FDs come in many tenures from 7 days to 10 years. At least one bank is also trying to design an FD with a 20-year tenure. However, in this crowd of maturity periods, Fixed Deposits with a tenure of 1 year are a favourite with a lot of people for a few reasons. FDs maturing in 1 year is neither too short nor too long. A one-year FD provides ample liquidity since one does not have to wait for too long for the instrument to mature.

Significance of 1-year FDs

The window of 1 year is a considerable period to extract the benefits of an FD. It can be an appropriate way to realise short-term financial goals of the depositor. Let’s see what interest rates are offered by 9 major PSU banks on these FDs.

Read More

Renukaswamy murder case: Bengaluru police files charge sheet against actor Darshan, others
Renukaswamy murder case: Court extends judicial custody of Darshan, others
Farmers to skip Supreme Court panel meet today ahead of hearing on Dallewal’s health
Farmers to skip Supreme Court panel meet today ahead of hearing on Dallewal’s health
‘Anyone can see CM’s residence’: Arvind Kejriwal on Sheesh Mahal row | Exclusive
‘All are my friends’: AAP’s Kejriwal says door remains open for former party members

SBI, PNB, Union Bank, BoB, Indian Bank FD rates

State Bank of India (SBI) offers 6.8% interest on 1-year FD for general customers while senior citizens get 7.3%. PNB (Punjab National Bank) pays 6.8% and 7.3% respectively to the two age brackets. Union Bank offers 6.80% and 7.30% respectively to these two age groups.

Bank of Baroda pays 6.85% to non-senior citizens 7.35% to senior citizens while Indian Bank gives 6.10% to general customers and 6.6% to those above 60 years.

Canara Bank, Bank of India, Bank of Maharashtra, Central Bank

Canara Bank pays 6.85% and 7.35% to general customers and senior citizens while Bank of India offers 6.8% and 7.30% to those below 60 and above 60 years respectively. To those above 80 years (especial category), Bank of India pays 7.45%.

Bank of Maharashtra is offering 6.75% to those below 60 years while paying 7.25% to senior citizens on 1-year FDs. The rates of Central Bank are 6.80% and 7.30% respectively for these 2 groups.

You Might Also Like

AQI at 312 in Colaba highlights Mumbai’s deteriorating air quality | Area-wise index

Court’s order to register FIR for alleged illegal hoardings includes names of PM Narendra Modi & several top BJP leaders: Sanjay Singh

Vice-President Jagdeep Dhankhar visits Uttarakhand, calls Emergency ‘darkest period’ of Indian democracy

Unnao rape victim’s father’s death: Sengar in Delhi HC seeks suspension of sentence

IAF Chief expresses concern over delayed delivery of Tejas fighter jets | Watch

TAGGED:bank of baroda FD interest ratesBank of India FD interest ratesCanara Bank FD interest ratesFD interest ratesFixed Deposit interest ratesInterest RateMaharashtra Bank FD ratesPNB FD interest ratesSBI FD interest ratesState Bank of India FD interest rates
Share This Article
Facebook Twitter Whatsapp Whatsapp Telegram Copy Link

Latest News

Ashok Choudhary denies global tender for rural roads, says locals given priority in contracts
Ashok Choudhary denies global tender for rural roads, says locals given priority in contracts
India News
Telangana: Warangal faces severe waterlogging due to monsoon rains
Telangana: Warangal faces severe waterlogging due to monsoon rains
India News
India announces Rs 4,850 crore Line of Credit to Maldives as PM Modi visits
India announces Rs 4,850 crore Line of Credit to Maldives as PM Modi visits
India News
It was my mistake to avoid ‘caste census’: Rahul Gandhi at AICC’s OBC program
It was my mistake to avoid ‘caste census’: Rahul Gandhi at AICC’s OBC program
India News

You also Like

List of shortest flight routes in the world
India News

List of shortest flight routes in the world

NM Desk NM Desk 4 Min Read
UP by-polls: After Akhilesh Yadav’s ‘Save Constitution’ post, BJP takes potshots
India News

UP by-polls: After Akhilesh Yadav’s ‘Save Constitution’ post, BJP takes potshots

NM Desk NM Desk 5 Min Read
Pahalgam attack aftermath: India to boost water storage in dams, long-term measures underway
India News

Pahalgam attack aftermath: India to boost water storage in dams, long-term measures underway

NM Desk NM Desk 4 Min Read
IndiaPost LiveIndiaPost Live
Follow US
© 2024 NM Media. All Rights Reserved.
  • About Us
  • Privacy Policy
  • Contact Us
Welcome Back!

Sign in to your account