Even today Investment Speaking of which, most of the people recommend Fixed Deposit i.e. FD. In terms of investment FD Considered a good option, it comes back with a guarantee. They have higher returns than savings accounts. Let us know about the top 10 government banks. These interest rates are for deposits of up to Rs 2 crore on 5 to 10 year investments.
Union Bank is offering the highest interest
The highest interest on FDs is being offered by Union Bank. The bank is offering 5.60 per cent interest on long-term FDs. While senior citizens are getting 6.10 per cent interest. Canara Bank is the second highest interest paying bank. It is offering 5.50 per cent interest on long term FDs, while senior citizens are getting 6 per cent interest.
Third is State Bank of India
State Bank of India ranks third in the list of higher interest rates on fixed deposits. SBI offers 5.40 per cent interest to its customers. While senior citizens get interest at the rate of 6.20 per cent. Bank of India also pays 5.30 per cent and Punjab National Bank 5.30 per cent. Both these banks offer 5.80 per cent interest to senior citizens.
Punjab and Sind Bank is offering 5.25 per cent interest on long-term fixed deposits to depositors. At the same time, Bank of Baroda is offering the same interest. Both these banks offer 5.75 per cent interest to senior citizens. Indian Overseas Bank offers 5.20 per cent, Indian Bank 5.15 per cent and IDBI Bank 5.10 per cent interest on long term fixed deposits.