Since the repo rate increased by the Reserve Bank of India, government banks as well as private banks and public sector banks have increased the interest rates on their fixed deposits, but you do not have the exact information about the interest rate running in all the banks. You can see here below.
FD Interest Rates 2022: If you are planning to invest on Fixed Deposit in the bank. So this news can prove to be useful for you. In this news, we are going to tell you that in which public sector bank the highest interest is being given on FD. Today, FD in a government bank is considered the most popular investment in the country. There is absolutely no risk with fixed returns in this.
These banks increased basis points
The country’s largest government bank State Bank of India i.e. SBI Bank (SBI Bank) has increased 90 basis points on FD. Similarly, Bank of Baroda (BOB), Punjab National Bank (PNB) and Canara Bank have started special FD schemes with attractive interest rates.
Interest is being received from 7 to 7.25 percent
Investors can deposit their money in these banks. Let us tell you that by depositing money in it, you can get 7 to 7.25 percent interest. Also, 7.5 to 7.75 percent interest is being received on the FD scheme for senior citizens.
RBI increased the repo rate
Let us tell you that the Reserve Bank of India (Reserve Bank of India) has increased the repo rate by a total of 1.90 percent about 4 times from May to November. After which now taking loan has become expensive. The investors of the same Fixed Deposit have got the benefit. In the last few months, most of the banks have increased the interest rates on FDs. This has given benefits to both pensioners and senior citizens.
How much interest are you getting?
You must see the interest rate on FD once. You can also compare the interest rates of several banks at once.
| Bank Name | 6 Months to 1 Year (%) | 1 To 2 Years (%) | 2 To 3 Years (%) | 3 To 5 Years (%) | 5 Years and Above (%) |
| State Bank of India | 5.5 | 6.1 | 6.25 | 6.1 | 6.1 |
| Bank of Baroda | 4.65 | 5.5-5.75 | 5.55-6 | 5.65 | 5.65 |
| Bank of India | 4.6 | 5.75-6.3 | 5.75-7.25 | 6.25 | 5.75 |
| Canara Bank | 5.5 | 6.25-7 | 6.25 | 6.5 | 6.5 |
| Central Bank of India | 4.65-4.75 | 5.55-5.75 | 5.6-6.25 | 5.5 | 5.6 |
| Indian Bank | 4.5-4.75 | 6.1-6.3 | 6.5 | 6.4 | 6.4 |
| Punjab National Bank | 5.5 | 6.3-7 | 6.25 | 6.1 | 6.1 |
| Bank of Maharashtra | 5 | 5.4-5.7 | 5.5 | 5.5 | 5.5 |
| Union Bank of India | 4.40-5.25 | 6.3-7 | 6.7 | 6.7 | 6.7 |
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