Business Desk – Fixed deposits are a low-risk scheme that provides a great return. So, investing in FDs could be a great option. You can invest in Government or Private banks. Some can offer 7 percent or above on FDs.
Let’s take a look at government bank FD schemes that offer great interest.
Union Bank Of India
Union Bank of India offers 7 percent on fd, maturing in 599 days. You can visit the official website to know details regarding tenures and their corresponding interest rates.
Bank of India
Bank of India offers a fd scheme named the ‘Star Super Triple Seven Fixed Deposit’ scheme. It offers an interest rate of 7.25 percent and up to 7.75 percent tenure of 777 days.
Canara Bank
Canara Bank has a fixed deposit plan for a tenure of 666 days. People can earn an interest rate of 7 percent and senior citizens can earn an interest rate of 7.5 percent.
Punjab National Bank
PNB offers a 7 percent interest rate on deposits of under Rs 2 crores for 600 days. While senior citizens can get an interest rate of 7.50 percent.
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