New Delhi, March 17 -- Amid current geopolitical challenges and equity market volatility, an investor needs a sensible investment strategy to navigate this situation. Market volatility today is primarily driven by the ongoing Iran-US and Russia-Ukraine conflicts.

Against this backdrop, fixed deposits (FDs) remain a preferred investment option for risk-averse investors. The case becomes even more compelling if these fixed deposits are backed by public sector banks (PSUs).

A fair comparison of prominent PSU banks, such as State Bank of India, Bank of Baroda, and Punjab National Bank, shows that the applicable interest rates on fixed deposits vary meaningfully across tenures. Let us look at the fixed deposit interest rates offered by leadi...