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[BUSINESS] · India · 2 sources

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Part of situation: Indian bank and government fixed deposit interest rates (7 clusters)

Indian banks offer 444-day fixed deposit schemes

Fixed Deposits interest rates RBI regulations banking sector investment schemes

Several Indian banks are offering specialized 444-day fixed deposit (FD) schemes with competitive interest rates. These schemes are positioned as low-risk investment options, particularly attractive to senior citizens who receive higher yields.

Central Bank of India currently leads the public sector banks with a 6.75% annual interest rate for general customers on this tenure. Punjab National Bank (PNB) offers 6.60% for general customers and up to 7.40% for very senior citizens. Indian Overseas Bank provides a matching 6.60% rate, while Canara Bank offers 6.50% for general customers.

Entities

Canara Bank · Central Bank of India · Indian Overseas Bank · Punjab National Bank · Reserve Bank of India

Sources

Fixed deposits: 444 days FD, these 6 banks are offering, where is the more benefit? [www.informalnewz.com]
RBI New FD Rules From October 1 – Will Your Fixed Deposit Interest Rate Change? [www.timesbull.com]