The repo rate will remain steady, as decided by the Reserve Bank of India (RBI). Consequently, banks are now providing fixed deposit (FD) interest rates that are higher. This is a great chance to get attractive returns on your fixed-income investments.
Fixed deposits: Several public sector banks (PSUs) have modified the interest rates on their fixed deposit (FD) products within the last two months. Banks including Punjab National Bank, Bank of India, and Union Bank revised their FD rates in August. For FDs with a 333-day duration, Union Bank of India now offers the highest interest rate, up to 7.40 percent annually. Furthermore, super senior citizens (above 80 years old) receive an additional 0.75 percent interest on their FDs, while senior citizens (60 years of age and up) receive an additional 0.50 percent interest.
Interest rates that are offered by different banks on fixed deposits (FDs)
Special FD from SBI
"Amrit Vrishti," a new limited-term fixed deposit (FD) product, has been launched by the State Bank of India (SBI). For FDs with a 444-day term, this scheme offers an alluring interest rate of 7.25 percent annually. You can use the YONO app, SBI bank offices, and online banking to invest in this special FD.
Indian Bank FD
The general public earns 7.30 percent interest under the Bank of India Special Deposit plan, senior persons receive 7.80 percent interest, and super senior citizens receive 7.95 percent interest. For a period of 666 days, senior folks can earn 7.80% interest on a deposit of Rs. 2 crore.
Bank of Baroda's Monsoon Offer
Bank of Baroda has launched the Monsoon Dhamaka Deposit Scheme, which pays an annual interest rate of 7.25 percent for fixed deposits with a term of 399 days and 7.15 percent for fixed deposits with a tenure of 333 days.
© 2026 Bharati News | All Right Reserved
