PSU banks offering up to 7% FD interest rate

Sneha Kulkarni, ET Online Jan 9, 2023

PSU bank FD rates

Banks are raising the interest rates on their fixed deposits, offering rates that are enough to beat inflation throughout the investment period. Image Source: Getty Images

PSU banks that offer up to 7% rate on fixed deposit

Here is a quick comparison of PSU banks such as PNB, Canara bank, Bank of Baroda fixed deposit rates, which are currently at 7% for depositors. (Source: Bank websites; interest rates as on January 9, 2023) Image Source: Getty Images

Canara Bank FD rates

Canara Bank offers interest rate between 3.25% to 7% per annum across tenors for regular citizens Image Source: Getty Images

Punjab National Bank (PNB) FD rates

PNB offers interest rate between 3.50% to 7.25% per annum across tenors for regular citizens. Image Source: Getty Images

Bank of Baroda FD rates

Bank of Baroda offers interest rate between 3% to 7.05% per annum across tenors for regular citizens. Image Source: Getty Images

Other PSU banks

SBI, Bank of India are offering highest interest rate of 6.75%, Central Bank of India offers highest interest rate of 6.75%. UCO Bank offers 6.50% and Indian Overseas Bank offers as highest rate of 6.55%. Image Source: Getty Images

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