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Bank of India and Other PSU Banks Raise FD Interest Rates, Launch New Deposit Schemes

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Bank of India and Other PSU Banks Raise FD Interest Rates, Launch New Deposit Schemes

Analysed 3 Nov 2026·8 sources analysed·India·Business
Bank of India and Other PSU Banks Raise FD Interest Rates, Launch New Deposit SchemesPreviousNext

Following the RBI's October 2026 repo rate hike, Bank of India has increased fixed deposit (FD) interest rates for tenures between one and three years and introduced the Star Akshay 500-day FD scheme. General customers can earn up to 6.85%, while senior and super senior citizens receive enhanced rates of 7.35% and 7.50%, respectively. Other public sector banks like Canara Bank and Punjab National Bank have also revised FD rates, offering competitive returns for senior citizens. Investors are advised to compare rates and terms before investing.

Sentiment
54%
TBN's observations

First-hand measurement across 8 sources

We measured how 8 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (54/100). Lens Score 41/100.

Outlets measured: economictimes, economictimes, economictimes, mint, news18, economictimes, mint, news18. See how each one headlined and framed the same story in the source comparison below.

AI analysis of 8 sources · Published under editorial oversight by The Balanced News
Analysed 3 Nov 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Sentiment — Neutral (54/100)

Sentiment was consistent across outlets (50–75/100), indicating broadly factual reporting rather than editorialising.

Coverage timeline

news18 broke this story on 2 Nov, 09:42 am. Other outlets followed.

2 Nov, 09:42 am8 sources · 21 h3 Nov, 07:01 am
AI analysis by the TBN Bias Engine · beat methodology byMrunal Wange· Business & Economy Editor· editorial standards byOjas Kale
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  1. 1
    news182 Nov, 09:42 am
    Good News For FD Investors: Interest Rates Increased On 1- To 3-Year Deposits
  2. 2
    mint2 Nov, 11:55 am
    FD interest rates: This government bank hikes rates, launches new deposit scheme - Check details
  3. 3
    economictimes2 Nov, 12:35 pm
    Bank of India revises FD interest rates: Launches 500-day fixed deposit offering 7.35 rate to senior citizens
  4. 4
    news182 Nov, 01:01 pm
    Bank of India raises FD rates, offers up to 7.5 pc on 500-day deposit
  5. 5
    mint3 Nov, 03:34 am
    FD interest rates after RBI repo rate hike, Nov 2026: Public or private? Which banks give highest fixed deposit returns?
  6. 6
    economictimes3 Nov, 06:28 am
    Senior citizen FD rates: Which banks offer up to 8.50 interest for 5 years? - How much interest can Rs 10 lakh earn in 5 years?
  7. 7
    economictimes3 Nov, 06:43 am
    PNB, Canara Bank revise FD interest rates: Senior citizens can earn up to 7.25 ; compare latest rates
  8. 8
    economictimes3 Nov, 07:01 am
    Senior citizen FD rates: These banks offer up to 8.50 interest on 5-year deposits - How much interest can Rs 10 lakh earn in 5 years?

Who's involved

Institutions and figures named across source coverage.

Government
Reserve Bank of India
Corporate
Bank of India

Story context

Category
Business
Location
India
Sources analysed
8
Last analysed
3 Nov 2026
Key entities
Interest rateIndiaFree dance (ice dance)Indian rupeePublic sectorCroreFixed depositRepurchase agreementReserve Bank of IndiaBank of IndiaLakhBank of Baroda