New Delhi: Fixed Deposit (FD) schemes of banks help investors to accumulate a lump sum over a set period at a fixed interest rate. It’s a secure investment choice for those seeking stability without market-related risks, ensuring consistent interest rates. Banks typically offer higher interest rates to senior citizens compared to the general citizens. With FDs, you can secure your deposits at favourable rates for extended durations. If you wish to capitalise on current interest rates, explore banks offering the highest rates for five-year fixed deposits offered by State Bank of India (SBI), Punjab National Bank (PNB), Canara Bank, Union Bank of India and Bank of Baroda.
Fixed deposit interest rates on five-year deposits
SBI FD Interest rate
State Bank of India (SBI) offers 6.75 per cent interest rate for fixed deposits with a tenure ranging from 3 years to less than 5 years, and 6.50 per cent for deposits with a tenure of 5 years up to 10 years. Senior citizens receive higher rates of 7.25 per cent and 7.50 per cent respectively.
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PNB FD Interest rate
PNB provides 6.40 per cent interest rate for fixed deposits of 1204 days, 6.50 per cent for deposits ranging from 1205 days to 5 years, and 6.50 per cent for deposits exceeding 5 years up to 1894 days. Senior citizens earn higher rates of 6.90 per cent, 7.00 per cent, and 7.30 per cent respectively. Additionally, PNB offers 6.35 per cent for 1895 days, with senior citizens receiving 7.15 per cent.
Bank of Baroda FD Interest rate
Bank of Baroda offers a 6.50 per cent interest rate for fixed deposits above 3 years up to 5 years, and the same rate applies for deposits above 5 years up to 10 years. Senior citizens earn 7.15 per cent and 7.50 per cent respectively.
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Canara Bank FD Interest rate
Canara Bank provides 6.80 per cent interest rate for fixed deposits with a tenure of 3 years to 5 years, and 6.70 per cent for deposits with a tenure of 5 years up to 10 years. Senior citizens receive higher rates of 7.30 per cent and 7.20 per cent respectively.
Union Bank of India FD Interest rate
Union Bank of India offers 6.50 per cent interest rate for fixed deposits with tenure greater than 3 years up to 5 years, and the same rate applies for deposits with tenure more than 5 years up to 10 years. Senior citizens earn 7.00 per cent for both tenure ranges.
Bank
Tenure of FD
General Citizen
Senior Citizen
SBI
3 years to less than 5 years
6.75%
7.25%
SBI
5 years and up to 10 years
6.50%
7.50%
PNB
1204 days
6.40%
6.90%
PNB
1205 days to 5 years
6.50%
7.00%
PNB
>5 years to 1894 days 6.50%
7.30%
7.30%
PNB
1895 days
6.35%
7.15%
Bank of Baroda
Above 3 Years and upto 5 Years
6.50%
7.15%
Bank of Baroda
Above 5 Yrs and upto 10 Yrs
6.50%
7.50%
Canara Bank
3 Yrs -5 Yrs
6.80%
7.30%
Canara Bank
5 Years & above to 10 Years
6.70%
7.20%
Union bank of India
> 3 Year to 5 years
6.50%
7.00%
Union bank of India
>5 Years to 10 Years
6.50%
7.00%
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FD Interest rate for 5 years: If you wish to capitalise on current interest rates on FDs, explore banks like SBI, PNB and Bank of Baroda, Canara Bank and Union Bank of India. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
