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 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.