FD Interest Rate: There is a growing confidence among people in fixed deposits (FDs). Currently, investors are showing a higher level of interest in fixed deposits compared to previous levels. This is why there is a high number of individuals choosing to invest in it. Several banks introduce new FD schemes on a regular basis. These schemes offer a very appealing interest rate, providing investors with good returns.
SBI recently introduced a new scheme
State Bank of India (SBI) has recently introduced a new scheme. Investors are being offered enticing interest rates in this program. The new FD of SBI is named Amrit Vrishti. This plan will last 444 days. In this scenario, the general public is offered an annual interest rate of up to 7.25% on investments. Simultaneously, elderly individuals are receiving an increased interest rate for the identical duration. Senior citizens receive an annual interest rate of 7.75%. Investors can invest in this scheme until March 31, 2025.
5 other banks FD scheme with high interest rate:
PNB
PNB is providing a highest interest rate of 7.30% per year for regular citizens and 7.80% for senior citizens on a 400-day term.
The Canara Bank
Canara Bank is providing a 7.25% interest rate for regular citizens and a 7.75% interest rate for senior citizens on a 444-day term.
Union Bank of India
Union Bank of India is providing an interest rate of up to 7.25% for regular citizens and 7.75% for senior citizens on a 399-day period.
Bank of Baroda
Bank of Baroda is providing a 7.25% interest rate for regular citizens and a 7.75% rate for senior citizens on a 399-day deposit scheme called bob Monsoon Dhamaka.
Bank of Punjab and Sindh
Punjab & Sind Bank is providing an interest rate of up to 7.25% for regular citizens and 7.75% for senior citizens on a 444-day tenure.