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FD Rates: FD is a safe investment option where your money never sinks. Its biggest advantage is that money never sinks when you invest in FD. That is, there is no risk of any kind. After a certain time, the entire amount is returned with interest.

The big advantage of FD is that you get both security and fixed return. It is right for you to compare the interest rates of different banks before investing in it. In the first week of this month, the repo rate was changed by RBI.

Let us tell you that the Reserve Bank of India had cut the repo rate for the third time in a row, this time by 50 basis points. Earlier, there was a cut of 25-25 basis points twice. After this latest cut, many public and private banks have changed their fixed deposit interest rates. Let us know what are the interest rates in government banks and private banks.

Bank of Maharashtra-

Among the public sector banks, the Bank of Maharashtra is offering the highest interest on fixed deposits (FD). The bank is offering an attractive interest rate of 7.15 percent on an FD of 366 days. At the same time, 6.25 percent interest is being given on one-year FD, 6.3 percent on three-year FD, and 6.25 percent on five-year FD. This is a great opportunity for savers who want better returns on their deposits. (Bank Of Maharashtra)

Indian Overseas Bank-
Indian Overseas Bank is offering an interest rate of 7.10 percent on FD of 444 days. At the same time, a 6.70 percent interest rate is being given by the bank on one-year FD, 6.30 percent on three-year FD, and 6.30 percent on five-year FD. (Indian Overseas Bank)

Bank of India-
Bank of India is offering an interest rate of 7.00 percent on 999 days Green FD. At the same time, the interest rate on one one-year FD is 6.50 percent, on 2 2-year FD is 6.25 percent, and on 5 5-year FD is 6.00 percent. (Bank of India)

Punjab and Sind Bank-
Punjab and Sind Bank is offering an interest rate of 7.05 percent on 444 days of FD, 6.10 percent on one-year FD, 6.00 percent on 3-year FD, and 6.35 percent on 5-year FD. (Punjab and Sindh bank)

State Bank of India-
Maximum interest rate on Amrit Kal for 444 days: 6.60 percent. The interest rate on 1 year FD is 6.25%, on 3 3-year FD is 6.30% and on 5 5-year FD is 6.05%. (State Bank of India)

Interest rates on FD in private banks-
ICICI Bank-
ICICI Bank has reduced the interest rate on its one-year FD by 25 basis points to 6.25%. On the other hand, the bank has made the biggest cut on FDs with a tenure of 18 months to two years, reducing the interest rate by 35 basis points to 6.50%. For a tenure of more than 3 years, it has reduced it to 6.60%.

IDFC First Bank-
IDFC First Bank and Kotak Mahindra Bank have also reduced one year FD rates to 6.25%. IDFC First has reduced the rate by 15 to 25 basis points, while Kotak has reduced it by 25 to 30 basis points.

Axis Bank-
Axis Bank has reduced the interest rate on 1 year FD to 6.25 percent. At the same time, the interest rate on 3 year FD has become 6.50 percent and on 5 year FD it has become 6.50 percent. (Axis Bank)

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