The third largest Public Sector Bank (PSB) recently increased its FD rates.
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The bank will continue to offer a 3% interest rate on fixed deposits with maturities between 7 and 45 days
The bank offers a 3.25% interest rate on fixed deposits with maturities between 46 and 90 days.
Similarly, the bank will continue to offer 4% and 4.5% on deposits maturing in 91 to 179 days and 180 days or less than a year, respectively.
The bank will now offer 5.30% interest on deposits maturing in one year and up to two years
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