Want to do FD? Know which govt bank offers highest interest rate on fixed deposits

Fixed deposits: In the past two months, several public sector banks (PSUs) have adjusted their fixed deposit (FD) interest rates. In August, banks such as Union Bank, Bank of India, and Punjab National Bank updated their FD rates. Currently, Union Bank of India offers the highest interest rate of up to 7.40 per cent per annum on FDs with a tenure of 333 days. Additionally, senior citizens (aged 60 and above) receive an extra 0.50 per cent interest, while super senior citizens (above 80 years) are granted an additional 0.75 per cent on their FDs.