Check which PSB offers the best FD rates: SBI vs Bank of Baroda vs other banks
The interest rate earned on fixed deposits in banks (excluding small finance banks) has reached 8 per cent, which was merely in the range of 5 to 6.5 per cent a year ago. Senior citizens are in for an even sweeter deal as they get an additional interest rate of 0.50 per cent on fixed deposits.
![Check which PSB offers the best FD rates: SBI vs Bank of Baroda vs other banks](https://cdn.zeebiz.com/sites/default/files/2023/05/17/242795-money-27242411920.jpg?im=FitAndFill=(1200,900))
Senior citizens are in for an even sweeter deal as they get an additional interest rate of 0.50 per cent on fixed deposits. (Image: Pixabay)