Bank FD Rates : For the last few days, inflation is at its peak in the country. To control inflation in the country, the Reserve Bank increased its repo rate 5 times in the year 2022. Since then many banks have increased FD rates. If you are planning to make a safe investment with good returns, then this news can be useful for you. Investing in Fixed Deposit (FD) can prove to be good. We are giving you information about such banks which are offering more than 7% interest rate on FD to banks.
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Bank FD Rates : Punjab National Bank
If you have FD in Punjab National Bank then it can be a good option. It is offering its customers an interest rate of 7.25 per cent on FDs of 666 days. On the occasion of New Year, this bank has increased the interest rates of its FDs.
Bank of Baroda
Big public sector bank Bank of Baroda is also giving good returns on FD. This bank is offering 7.05 percent interest rate on 399 days FD to its customers on Tricolor Plus FD scheme. Ordinary citizens can also take advantage of this offer.
Bank FD Rates : Canara Bank
Canara Bank is one of the main public sector banks owned by the Government of India. This bank is offering interest rates ranging from 3.25% to 6.50% on FDs ranging from 7 days to 10 years to its general customers. Canara Bank is offering maximum interest on 666 days FD. Paying 7.00% interest rate during this period.
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ICICI Bank
ICICI Bank is India’s leading banking and financial services institution. It is offering 7.00 per cent interest rate on FDs ranging from 15 months to 5 years to its general citizens on FDs of less than 2 crores.
Bank FD Rates : Axis Bank
Axis Bank is the third largest private bank in India. It is also offering its general citizens an interest rate of up to 7.00 per cent on FDs ranging from 2 years to 109 years.
