Let us know which government bank is giving the highest interest rate on FD.
The Reserve Bank of India has increased the repo rate by 1.90 percent four times since May.
FD investors have benefited from this move of RBI. Banks have increased the interest rates on FDs drastically.
State Bank of India, the country's largest state-run bank, increased FDs by 90 basis points in October.
Bank Name: Punjab National Bank Max Slab: 6.50% 1-Year Duration: 5.70% 3-Year Duration: 5.80% 5-year duration: 5.80%
Bank Name: Central Bank Of India Max Slab: 6.25% 1-Year Duration: 5.55% 3-Year Duration: 5.50% 5-year duration: 5.60%
Bank Name: State Bank Of India Max Slab: 6.25% 1-Year Duration: 6.10% 3-Year Duration: 6.10% 5-year duration: 6.10%
Bank Name: Indian Bank Max Slab: 6.50% 1-Year Duration: 6.10% 3-Year Duration: 6.40% 5-year duration: 6.40%
Bank Name: Bank Of India Max Slab: 7.25% 1-Year Duration: 5.75% 3-Year Duration: 6.25% 5-year duration: 5.75%
Banking sector experts say that in the coming days, banks can increase the interest rates on FD further.