Bank FD Interest Rates Increased: Get FD right now! From October to November, these three government banks raised their FD interest rates. Check the most recent rates

 Bank FD Interest Rates Increased: Get FD right now! From October to November, these three government banks raised their FD interest rates. Check the most recent rates

FD Rates: Three of the nation's public sector banks, Bank of Maharashtra (BOM), Bank of Baroda, and Canara Bank, have recently changed the interest rates on their FDs. A few FDs' interest rates have been raised by 125 basis points to 1.25 percent by the Bank of Maharashtra. Recently, the interest rate on FD has been raised at Canara Bank and Bank of Baroda. This is the ideal time to invest if you want to do so around Diwali.

rates of interest on Bank of Maharashtra FDs

a week to thirty days: 2.75 percent for the general population and 2.75 percent for older persons

From 31 to 45 days: Three percent for the general population and three percent for older citizens

From 46 to 90 days: 4.75 percent for the general population and 4.75 percent for older citizens

Between 91 and 119 days: 4.90 percent for the general population and 5.40 percent for older persons

Between 120 and 180 days: 5.10 percent for the general population and 5.60 percent for older persons

From 181 to 270 days: 5.50 percent for the general population and 6.00 percent for older persons

From 271 to 364 days: 5.60 percent for the general population and 6.10 percent for older persons

A year or 365 days: 6.50 percent for the general population and 7 percent for older persons

Between one and two years: 6.25 percent for the general population and 6.75 percent for elderly persons

Between two and three years: 6.25 percent for the general population and 6.75 percent for elderly persons

three to less than five years: 6.00 percent for the general population and 6.50 percent for older persons

From five to ten years: 6.00 percent for the general population and 6.50 percent for older persons

Seniors may get interest on special 200- and 400-day fixed-rate loans of up to 7.50%. On these FDs, the average person receives 7% interest.

BOB updated their FD interest

7 to 14 days: 3 percent for the general population and 3 half percent for elderly folks

15 to 45 days: 3.50 percent for the general public and 4 percent for elderly persons

46 days to 90 days: 5% for the general public and 5.50% for elderly persons

91 days to 180 days: 5% for the general public and 5.50% for elderly persons

181 days to 210 days: 5.50 percent for the general public and 6 percent for elderly persons

211 days to 270 days: 6% for the general public and 6.50% for elderly persons

More than 271 days but less than a year 6.25 percent for the general population and 6.75 percent for elderly persons

One year: 6.75 percent for the general public and 7.25 percent for elderly persons

1 year to more than 400 days: 6.75 percent of the general population and 7.25 percent of elderly persons

Over 400 days and up to two years: 6.75 percent for the general public and 7.25 percent for elderly persons

Over two and up to three years: 7.25 percent for the general population; 7.75 percent for elderly citizens

Over three and up to five years: 6.50 percent for the general population and 7.00 percent for senior citizens

Over five to ten years: 6.50 percent for the general public; 7.00 percent for senior people; Over ten years (Court Order Scheme): 6.25 percent for the general public; 6.75 percent for senior persons

Baroda Tricolor Plus Deposit Scheme: 399 days - 7.16 percent for the general population and 7.65 percent for senior persons

New Canara Bank FD rates

Current interest rates offered by Canara Bank are 4% for EPDs with a maturity date of 7 to 45 days and 5.25% for deposits with a maturity date of 46 to 90 days. For deposits due in 91–179 days, Canara Bank is giving a 5.50 percent interest rate; for deposits expiring in 180–269 days, the interest rate is 6.15 percent. The interest rate for deposits due in 270 days to less than a year will now be 6.25 percent. Deposits due in a year will now be eligible for an interest rate of 6.90 percent. For an FD due in 444 days, the bank is offering the maximum interest rate. For a 444-day FD, the bank is offering 7.25 percent interest.

The updated interest rates are as follows.

FDs maturing in a period of more than one year to less than two years are eligible for an interest rate of 6.85% from Canara Bank. On FDs with a maturity date of three years or more, it currently promises an interest rate of 6.85%. 6.80 percent interest is now being offered by Canara Bank on deposits that mature in three years or longer but less than five years. FDs with a five-year or longer maturation period will earn 6.70 percent interest.