New Delhi: Public sector banks in the country have revised fixed deposit interest rates, recently. So, lets see top six pubic lenders with highest interest rate on fixed deposits. Currently, the Central Bank of India is giving the highest interest rate on fixed deposits to both general and senior citizens. No other public bank is giving as much interest rate on fixed deposits as the Mumbai-based public lender. If account holders open an FD with the state owned bank, then, they can get as high as 7.45 per cent RoI. But for this, they will have to open the FD for 444 days. Senior citizens too will get 0.50 per cent additional rate. They will get 7.95 per cent RoI on FD of this tenure.
Union Bank of India is giving the second best fd rates as compared to other government owned banks. If account holders open FD with UBI for 333 days, then, they can get as high as 7.40 per cent RoI. While, elderly will get 7.90 per cent RoI on FD of this tenure.
While, Bank of Baroda, Bank of India, Indian Overseas Bank and Punjab & Sind Bank are all giving maximum of 7.30 per cent interest rate on fixed deposits to general depositors. These banks are also giving maximum of 7.80 per cent rate of interest to senior citizens. But the tenures are different in case of each of these three lenders. With BoB, the account holders will have to open the time deposit of 399 days. While, in case of IOB, term deposits will have to be opened for 444 days. And, in case of P&S Bank, the tenure is of 666 days. While, BOI’s highest FD rates come on tenure of 400 days.
Top Six Banks With Highest FD Rates
| Bank | RoI (in %) General Citizens | RoI (in %) Senior Citizens | Tenure |
| CBI | 7.45 | 7.95 | 444 days |
| UBI | 7.40 | 7.90 | 333 days |
| BOB | 7.30 | 7.80 | 399 days |
| BOI | 7.30 | 7.80 | 400 days |
| IOB | 7.30 | 7.80 | 444 days |
| Punjab & Sind Bank | 7.30 | 7.80 | 666 days |