The Reserve Bank of India (RBI) had increased the repo rate to control inflation. Since then many banks have increased the interest rates on their fixed deposits. SBI to HDFC ICICI Bank are included in the list of those who increase the interest rate on FD. On the other hand, Punjab National Bank (PNB) is the new bank to join this list, which has increased its interest rates on fixed deposits of less than Rs 2 crore. These increased rates have come into effect from Monday i.e. July 4.
Here’s a comparison of the current fixed deposit (FD) interest rates offered by three banks Punjab National Bank (PNB), HDFC Bank and State Bank of India (SBI) on deposits below Rs 2 crore. Let us know which bank is giving higher returns on FD or in which you will earn more by investing money.
FD interest rates of Punjab National Bank
3.00 percent for 7 days to 14 days and 3.50 percent for senior citizens, 3.00 percent on 15 days to 29 days and 3.50 percent for senior citizens on 30 days to 45 days, 3.00 percent for general public and 3.50 percent for senior citizens from 46 days to 90 3.25 percent for general public on days and 3.75 percent for senior citizens, 4.00 percent for general public on 91 days to 179 days and 4.50 percent for senior citizens, 4.50 percent on 180 days to 270 days and 5.00 percent for senior citizens from 271 days to 1 4.50 percent for all below the year and 5.00 percent for senior citizens 5.30 percent for 1 year and 5.80 percent for senior citizens from 1 year to more than 2 years, 5.30 percent and 5.80 percent for senior citizens 2 years to more than 3 years 5.50 percent for senior citizens and 6.00 percent for senior citizens from 3 years to more than 5 years, 5.50 percent and 6.00 percent for senior citizens, 5.60 percent for 5 years to 10 years and 6.10 percent for senior citizens
HDFC Bank FD interest rate (on deposits below Rs 2 crore)
2.75 percent for 7 days to 14 days and 3.25 percent for senior citizens 2.75 percent for 15 days to 29 days and 3.25 percent for senior citizens, 3.25 percent for 30 days to 45 days and 3.75 percent for senior citizens from 46 days to 60 days 3.25 percent for senior citizens and 3.75 percent for senior citizens 61 days to 90 days 3.25 percent and senior citizens 3.75 percent on 91 days to 6 months investment and 4.25 percent for senior citizens6 months from 1 day to 9 months 4.65 percent and 5.15 percent for senior citizens on investment of 9 months 1 day to 9 months, 4.65 percent for all and 5.15 percent for senior citizens, 5.35 percent on 1 year and 5.85 percent for senior citizens on investment from 1 year 1 day to 2 years 5.35 and 5.85% for senior citizens, 5.50 percent for 2 years 1 day to 3 years and 6.00 percent for senior citizens. 5.70 percent for 3 years 1 day to 5 years and 6.20 percent for senior citizens. 5 years 5.75 per cent for 1 day to 10 years and for senior citizens 6.50 per cent for
State Bank Of India FD Interest Rate (On Deposits Below Rs.2 Crore)
7 days to 45 days: 2.90 percent and 3.40 percent for senior citizens 46 days to 179 days: 3.90 percent and 4.40 percent for senior citizens180 days to 210 days: 4.40 percent and 4.90 percent for senior citizens 211 days to less than 1 year: 4.60 percent And 5.10 percent to senior citizens from 1 year to less than 2 years: 5.30 percent and 5.80 percent to senior citizens 2 years to less than 3 years: 5.35 percent and 5.85 percent to senior citizens less than 3 years to 5 years: 5.45 percent and senior citizens 5.95 Percentage from 5 years to 10 years: 5.50 percent for all and 6.30 percent for senior citizens.