Bank FD is considered the best option for safe investment and guaranteed returns. After increasing the repo rate by RBI, banks have also increased their interest rates. In such a situation, many banks are giving an opportunity to earn handsome interest on FD.
New Delhi. After the increase in the repo rate by the Reserve Bank, almost all the banks have increased their interest rates. On one hand, where taking loans from banks has become expensive while on the other hand investing in bank FDs has become more beneficial than before. In such a situation, if you want to invest, then FD can be a good option.
Let us tell you that senior citizens get the maximum benefit of FD. Because usually the FD rates of banks are the highest for them, as well as they get many other benefits. Today, here we are going to tell you about some government banks giving the highest interest on FD.
Punjab National Bank
Currently, Punjab National Bank is offering a maximum interest rate of 7.75 per cent for senior citizens and 8.05 per cent for super senior citizens on special 666-day FDs. Let us tell you that PNB had last increased the interest rates on 20 February 2023 for FDs with an amount of less than Rs 2 crore. Under the bank’s PNB Uttam scheme, a maximum interest rate of 7.80 per cent is being offered to senior citizens and a maximum of 8.10 per cent to super senior citizens on deposits above Rs 15 lakh. At the same time, the bank is also giving the benefit of additional interest to senior citizens on deposits for more than 5 years.
Punjab and Sind Bank (Punjab & Sind Bank)
Punjab and Sind Bank’s Utkarsh scheme is offering an interest rate of 8.50 percent to senior citizens for 222 days. While super senior citizens are being given maximum interest at the rate of 8.85 per cent. At the same time, under the excellent scheme of the bank, maximum interest is being given at the rate of 8.00 percent to senior citizens and 8.35 percent to super senior citizens on FD for 300 days. On the other hand, on online booking for FD, senior citizens will get a return of 8.25 percent and super senior citizens will get 8.60 percent. Let us tell you that in February, Punjab and Sind Bank had announced an increase in the interest rate on FDs with an amount of less than 2 crores.
Union Bank of India
Public sector bank Union Bank of India had increased the interest rates on its FDs in the month of November last year. The bank is now offering a maximum rate of interest of 7.30 per cent on two special FDs of 800 days and 3 years. Union Bank is offering 7.80 percent interest for senior citizens. At the same time, 8.05 percent interest is being offered to the super senior citizen for the same period.
