Due to the high increase in the interest rate of the central bank, banks have increased the interest of fixed deposits and other schemes along with loans. Recently, three big banks of the country SBI, BOB and PNB have increased the rates of FDs. This senior citizen will get good returns on Fixed Deposit.
The country’s largest bank SBI is paying 7 percent interest, while Punjab National Bank is paying 7.25 percent interest. At the same time, Bank of Baroda is giving 7.80 percent interest to senior citizens. If you are also planning to invest in fixed deposits, then let us know which of these banks is giving you good interest on which tenure.
PNB Fixed Deposit Rates
Punjab National Bank has increased interest by 45 basis points for 1 year to 665 days. During this period, 6.75 percent interest will be given instead of 6.30 percent, this interest rate is also applicable for two years tenure. Apart from this, the interest on FD of 2 to three years is only 6.75. However, interest of 7.25 percent is being given on 666 days special FD. PNB is paying up to 8.05% interest for Super Senior Citizen.
Bank of Baroda FD Rates
Bank of Baroda had recently increased its FD rates. It has increased the interest rate by 0.66 percent. Now customers are being given interest ranging from 3.50 per cent to 7.80 per cent under fixed deposits. The bank has increased the FD rate on investment of less than Rs 2 crore. The bank is giving FD for 10 years tenure.
FD rates of SBI
The country’s largest bank State Bank is giving maximum 7% interest on FD to senior citizens. This interest is being given on FDs of less than two crore rupees. For common citizens, it is paying 6.50 percent interest on FDs of less than two years. At the same time, investors are getting 5.75 percent interest on FDs ranging from two years to less than 5 years. 5.50% interest is being given on FDs ranging from 5 to 10 years.
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