Canara Bank, Union Bank and Punjab National Bank Offer Best FD Interest Rates From Government Banks, Check Now

Fixed deposits are the best investment options available in the market. They provide consistent interest, special rate of interest for the senior citizens and many more with income tax deductions.Here are the recent best fixed deposit interest rates from government banks.

Canara Bank Fixed Deposit

Features-

• The deposit amount must be at least Rs.1,000.
• The scheme's duration ranges from seven days to ten years.
• Higher rate of interest for senior citizens
• Nominations are welcome.
• Loans are available.
• Premature withdrawal is permitted.
• There is an option for auto-renewal.
• Accounts can be opened jointly.

Canara bank fixed deposit interest rates

Maturity	Rate of interest
	General Public	Senior Citizen
7 days to 45 days	3.25%	3.25%
46 days to 90 days	4.50%	4.50%
91 days to 179 days	4.50%	4.50%
180 days to 269 days	5.50%	6.00%
270 days- 1 Year	5.50%	6.00%
1 year only	6.25%	6.75%
Above 1 year- less than 2 years	6.25%	6.75%
666 Days	7.00%	7.50%
More than 2 years- 3 years	6.25%	6.75%
More than 3 years- 5 years	6.50%	7.00%
More than 5 years- 10 Years	6.50%	7.00%

Union Bank Fixed Deposit

Features-

• Interest rates are competitive.
• The scheme's duration ranges from 7 days to 10 years.
• Loans are available.
• Premature closure is permitted.
• TDS will be levied on the interest that is earned.
• Nominations are welcome.
• Joint accounts can be established.

Union Bank Fixed Deposit Interest Rates-

Time Period	Rate of interest
7-14 days	3
15-30 days	3
31-45 days	3
46-90 days	4.05
91-120 days	4.3
121-180 days	4.4
181 days- 1 year	5.25
1 year	6.3
1 year- 443 days	6.6
444 days	6.7
445 days - 598 days	6.6
599 days	7
600 days- 2 years	6.6
More than 2 years- 3 years	6.7
More than 3 years- 5 years	6.7
More than 5 years- 10 years	6.7

Punjab National Bank -

Features-

• After maturity, the term deposit is automatically renewed, if auto-renewal is opted.
• PNB allows the blind and illiterate to open a fixed deposit account.
• PNB FDs are designed to serve all depositors, from high school girls to beneficiaries of auto accident insurance claims.

Punjab National Bank Fixed Deposit Interest Rates-

Time Period	Rate of Interest
	General Public	Senior Citizen
7-14 days	3.5	4
15-29 days	3.5	4
30-45	3.5	4
46-90	4.5	5
91-179	4.5	5
180-270	5.5	6
271 days- 1 year	5.5	6
1 year	6.3	6.8
More than 1 year- 599 days	6.3	6.8
600 days	7	7.5
601 days- 2 years	6.3	6.8
More than 2 years- 3 years	6.25	6.75
More than 3 years- 5 years	6.1	6.6
More than 5 years-10 years	6.1	6.9