Newest FD charges: Which PSU banks are providing highest mounted deposit charges in August 2024? Examine Listing

Newest Financial institution Mounted Deposit charges: Prior to now two months, a number of public sector banks (PSBs) in India have adjusted their mounted deposit rates of interest. PSU banks are banking establishments the place the federal government holds a majority stake of over 50% of the capital.
Union Financial institution, Financial institution of India, Punjab Nationwide Financial institution, and different banks have revised their mounted deposit rates of interest in August.Among the many scheduled public sector banks, Union Financial institution of India offers the best mounted deposit rates of interest, providing as much as 7.40% p.a. on a tenure of 333 days. Senior residents (aged 60 years and above) can earn a further 0.50% p.a., whereas tremendous senior residents can earn 0.75% increased charges, in line with an ET report.

Supply: Paisabazaar; rates of interest as on August 7, 2024 as quoted by ET
Financial institution of India has launched a particular deposit scheme the place basic residents can earn 7.30% curiosity, senior residents can get 7.80%, and tremendous senior residents can obtain 7.95% for deposits as much as Rs 2 crore with a tenure of 666 days.
Financial institution of Baroda has launched the “BoB Monsoon Dhamaka Deposit Scheme,” which affords rates of interest of seven.25% every year for 399 days and seven.15% for 333 days. This scheme, relevant to retail deposits under Rs 3 crore, commenced on July 15, 2024.
“Amrit Vrishti,” a brand new time period limited-period deposit scheme, has been launched by the State Financial institution of India (SBI). This FD scheme offers increased rates of interest and is out there to each home and non-resident Indian clients.
The scheme grew to become efficient on July 15, 2024, and will be booked by way of branches, web banking, and YONO Channels.