Key facts
- City Union Bank offers the highest interest rate of 7.25% for general citizens on a 555-day fixed deposit.
- Senior citizens can earn up to 7.50% interest on 555-day fixed deposits at City Union Bank.
- Bank of Baroda has introduced a new 555-day tenor deposit scheme called 'bob Golden Goal Deposit Scheme'.
- Callable options for Bank of Baroda's scheme offer 6.75% for general customers and 7.25% for senior citizens.
- Non-callable options for Bank of Baroda's scheme offer 6.80% for general customers and 7.30% for senior citizens.
Several Indian banks are offering attractive interest rates on special fixed deposit (FD) schemes with a 555-day tenure, aiming to attract investors seeking higher returns than regular FDs. City Union Bank currently offers the highest rate for general customers at 7.25%, with senior citizens earning an additional 0.25% at 7.50%. Karnataka Bank offers 7% for general depositors and 7.40% for seniors on the same tenure. Indian Bank provides 6.80% for general customers and 7.30% for seniors. Union Bank of India offers 6.65% for general customers and 7.15% for seniors, while Canara Bank offers 6.60% for general customers and 7.10% for seniors. Bank of Baroda has also launched a new 555-day scheme, the 'bob Golden Goal Deposit Scheme'. Under its callable option, general customers receive 6.75% and senior citizens 7.25%, with super senior citizens getting 7.35%. The non-callable option provides slightly higher rates: 6.80% for general customers, 7.30% for senior citizens, and 7.40% for super senior citizens.