SBI, PNB, BoB, Canara Bank: Which one is offering the highest returns on FD this month?

Fixed deposits are one of the age-old instruments of increasing your money safely. Let's have a look at what the interest rates on fixed deposits that PSU banks are offering this month. PSU banks in India are considered a very safe option to invest your hard-earned money.

Kolkata: Public sector banks continue to offer relatively low returns on fixed deposits (FDs). Even the best rates for general customers are less than 7%. However, PSU banks offer a vital service — peace of mind. For investors who prefer the stability of public sector banks, some options, depending on the maturity period, still offer good returns. As per FD rate data as of September 11, among the major PSU banks included, Bank of India and Punjab and Sind Bank offer the highest rate of 6.85 per cent to regular depositors. The rate becomes 50........

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