Best PSU / Public Sector Bank Fixed Deposit Rates in India

Compare the highest PSU / Public Sector Bank fixed deposit rates across top institutions. Find the best yield for your savings with peak returns updated for 2026.

Note:Public sector banks (e.g., SBI, PNB, Bank of Baroda) offer high deposit safety backed by Government of India shareholding.

Fixed Deposit Rankings

Rank	Bank Name	General Rate	Senior Citizen	Term	Bank Type
1	Punjab & Sind Bank	6.90%	7.40% +0.50%	500 Days	Public
2	Bank of India	6.85%	7.35% +0.50%	999 Days	Public
3	Indian Bank	6.80%	7.30% +0.50%	555 Days	Public
4	Central Bank of India	6.75%	7.25% +0.50%	444 Days	Public
5	Bank of Baroda	6.75%	7.25% +0.50%	555 Days	Public
6	Bank of Maharashtra	6.65%	7.15% +0.50%	400 Days	Public
7	Indian Overseas Bank	6.60%	7.10% +0.50%	444 Days	Public
8	Punjab National Bank	6.60%	7.10% +0.50%	444 Days	Public
9	UCO Bank	6.60%	7.10% +0.50%	535 Days	Public
10	Canara Bank	6.60%	7.10% +0.50%	555 Days	Public
11	Union Bank of India	6.55%	7.05% +0.50%	555 Days	Public
12	State Bank of India	6.45%	6.95% +0.50%	444 Days	Public

Rates are sourced from official disclosures and updated regularly. Always verify with the respective institution before making investment decisions. Rankings are based on the highest advertised rate for the applicable tenure.