In terms of safe investment, FD is now becoming the first choice of citizens
5 banks have also increased the interest rates on FD.
State Bank of India (SBI) is offering 6.5% interest on 5-year FDs, 7.5% interest to senior citizens and 7% interest on 2-3 year FDs.
Bank of Baroda (BOB) is giving 6.5% interest on 5-year FD, 7.15% interest to senior citizens. Interest on special FD of 399 days will be 7.25%.
HDFC Bank is giving 7% interest on five-year FD and senior citizens are getting 7.5% interest.
ICICI Bank is offering 7% interest on five-year fixed deposits and 7.5% interest to senior citizens.
In Punjab National Bank (PNB), 6.5% interest is being given on FD for five years. 7.25% interest is being offered on FD of 400 days.