FD Rates: Bank of Maharashtra (BOM), Bank of Baroda and Canara Bank, which are among the public sector banks of the country, have recently revised the interest rates on their FDs. Bank of Maharashtra has increased the interest on some FDs by 125 bps to 1.25 percent. Canara Bank and Bank of Baroda have also recently increased the interest on FD. If you are also planning to invest during Diwali then this is the best time.
Interest rates on FD of Bank of Maharashtra
- 7 days to 30 days: For general public – 2.75 percent; For senior citizens – 2.75 percent
- 31 days to 45 days: For general public – 3 percent; For senior citizens – 3 percent
- 46 days to 90 days: For general public – 4.75 percent; For senior citizens – 4.75 percent
- 91 days to 119 days: For general public – 4.90 percent; For senior citizens – 5.40 percent
- 120 days to 180 days: For general public – 5.10 percent; For senior citizens – 5.60 percent
- 181 days to 270 days: For general public – 5.50 percent; For senior citizens – 6.00 percent
- 271 days to 364 days: For general public – 5.60 percent; For senior citizens – 6.10 percent
- 365 days or one year: For general public – 6.50 percent; For senior citizens – 7 percent
- 1 year to less than 2 years: For general public – 6.25 percent; For senior citizens – 6.75 percent
- 2 years to less than 3 years: For general public – 6.25 percent; For senior citizens – 6.75 percent
- 3 years to less than 5 years: For general public – 6.00 percent; For senior citizens – 6.50 percent
- From 5 years to 10 years: For general public – 6.00 percent; For senior citizens – 6.50 percent
- Senior citizens are getting interest up to 7.50% on special FD of 200 and 400 days. Ordinary citizens are getting 7 percent interest on these FDs.
BOB revised interest on FD
- 7 days to 14 days – For general public: 3.00 percent; For senior citizens: 3.50 percent
- 15 days to 45 days – For general public: 3.50 percent; For senior citizens: 4 percent
- 46 days to 90 days – For general public: 5 percent; For senior citizens: 5.50 percent
- 91 days to 180 days – For general public: 5 percent; For senior citizens: 5.50 percent
- 181 days to 210 days – For general public: 5.50 percent; For senior citizens: 6 percent
- 211 days to 270 days – For general public: 6 percent; For senior citizens: 6.50 percent
- 271 days and above and less than 1 year – For general public: 6.25 percent; For senior citizens: 6.75 percent
- 1 year – For general public: 6.75 percent; For senior citizens: 7.25 percent
- 1 year to more than 400 days – For general public: 6.75 percent; For senior citizens: 7.25 percent
- More than 400 days and up to 2 years – For general public: 6.75 percent; For senior citizens: 7.25 percent
- Above 2 years and up to 3 years – For general public: 7.25 percent; For senior citizens: 7.75 percent
- Above 3 years and up to 5 years – For general public: 6.50 percent; For Senior Citizen: 7.00 percent
- More than 5 years to 10 years – For general public: 6.50 percent; For Senior Citizen: 7.00 percent
- Above 10 years (Court Order Scheme) – For general public: 6.25 per cent; For senior citizens: 6.75 percent
- 399 days (Baroda Tricolor Plus Deposit Scheme) – For general public: 7.16 percent; For senior citizens: 7.65 percent
New rates of Canara Bank FD
Canara Bank is now offering 4% interest rate on EPDs maturing between 7 to 45 days and 5.25% interest rate on deposits maturing between 46 to 90 days. Canara Bank is offering 5.50 percent interest rate on deposits maturing in 91 to 179 days and 6.15 percent interest rate on deposits maturing in 180 to 269 days. Now 6.25 percent interest rate will be available on deposits maturing in 270 days to less than one year. Now 6.90 percent interest rate will be available on deposits maturing in 1 year. The bank is giving the highest interest on FD maturing in 444 days. The bank is giving 7.25 percent interest on FD of 444 days.
These are the revised interest rates
Canara Bank is offering interest rate of 6.85% on FDs maturing in a period of more than one year to less than two years. It now guarantees an interest rate of 6.85% on FDs of two years or more maturing in 3 years. Canara Bank is now offering 6.80 percent interest on deposits maturing in three years or more but less than five years. FDs maturing in five years or more will get 6.70 percent interest.
