SBI vs Canara Bank vs UCO Bank vs Indian Overseas Bank: Check New FD Rates

Fixed deposit investors have already gotten the optimum deal due to the uptick in bank interest rates, as most lenders have begun to raise their rates. In the current environment, investors might expect inflation-beating returns due to growing interest rates on fixed deposits. For fixed deposit investors looking for better interest rates, we've selected Canara Bank, UCO Bank, and Indian Overseas Bank, all of which have recently amended fixed deposit rates, and compared them with the rates of State Bank of India (SBI) for your convenience.

Canara Bank

Canara Bank is giving the following fixed deposit interest rates as of 01.03.2022. Following the latest modification, the bank is now offering deposits maturing in 7 days to 10 years at an interest rate of 2.90 percent to 5.50 percent to the general public and 2.90 percent to 6.00 percent to senior people. On Canara Unique "1111 Days" deposits, the bank is giving the highest interest rate of 5.55 percent to regular customers and 6.05 percent to senior citizens.

Tenors	Rate of Interest (% p.a.) for the general public	Rate of Interest (% p.a.) for senior citizen
7 days to 45 days	2.9	2.9
46 days to 90 days	3.9	3.9
91 days to 179 days	3.95	3.95
180 days to less than 1 Year	4.4	4.9
1 year only	5.1	5.6
Above 1 year to less than 2 years	5.15	5.65
2 years & above to less than 3 years	5.2	5.7
3 years & above to less than 5 years	5.45	5.95
Canara Unique "1111 Days"	5.55	6.05
5 years & above to 10 Years	5.5	6
Source: Bank Website

UCO Bank

On Friday, this public sector bank changed its fixed deposit interest rates. On deposits of less than Rs 2 Cr maturing in 7 days to 5 years and above, the general public would receive an interest rate of 2.55 percent to 5.30 percent, and senior people would receive 2.80 percent to 5.80 percent, effective as of 11.03.2022.

Tenors	Regular	Senior Citizen
7 - 14 Days	2.55%	2.80%
15 - 29 Days	2.55%	2.80%
30 - 45 Days	2.80%	3.05%
46 - 60 Days	3.55%	3.80%
61 - 90 Days	3.55%	3.80%
91 - 120 Days	3.70%	3.95%
121 - 150 Days	3.70%	3.95%
151-180 Days	3.70%	3.95%
181 to 364 days	4.40%	4.65%
1 year	5.10%	5.35%
More than 1 year but upto 2 Years	5.10%	5.60%
Above 2 Years upto 3 Years	5.10%	5.60%
Above 3 Years and less than 5 Years	5.30%	5.80%
5 years and above	5.30%	5.80%
Source: Bank Website

Indian Overseas Bank

On Thursday, the Indian Overseas Bank (IOB) revised its fixed deposit interest rates. Regular customers will get an interest rate of 3.40 percent - 5.45 percent as of 10.03.2022, while senior citizens will receive an additional rate of 0.50 percent and super senior citizens aged 80 years and above would receive an additional rate of 0.75 percent.

Tenors	Revised Rates For deposits below Rs. 2 Cr W.E.F 10.03.2022 (in%)
7-14 days	3.4
15-29 days	3.4
30-45 days	3.4
46-60 days	3.9
61-90 days	3.9
91-120 days	4.4
121-179 days	4.4
180-269 days	4.9
270 days to < 1 year	4.9
1 year to < 2 years (except 444 days)	5.15
444 days	5.2
2 yrs to < 3 yrs	5.2
3 yrs and above	5.45
Source: Bank Website

SBI

On 15.02.2022, the country's largest lender, State Bank of India (SBI), revised interest rates on retail domestic term deposits (less than Rs. 2 crores). Following the modification, the bank now offers a general public interest rate of 2.90 percent to 5.50 percent and a senior citizen interest rate of 3.40 percent to 6.30 percent on deposits maturing in 7 days to 10 years.

Tenors	Revised Rates For Public w.e.f. 15.02.2022	Revised Rates for Senior Citizens w.e.f. 15.02.2022
7 days to 45 days	2.9	3.4
46 days to 179 days	3.9	4.4
180 days to 210 days	4.4	4.9
211 days to less than 1 year	4.4	4.9
1 year to less than 2 year	5.1	5.6
2 years to less than 3 years	5.2	5.7
3 years to less than 5 years	5.45	5.95
5 years and up to 10 years	5.5	6.3
Source: Bank Website