Friday, August 12, 2022

Which among PNB SBI and HDFC is giving more returns on FD know…

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 for 15 days to 29 days and 3.50 percent for senior citizens
  • From 30 days to 45 days, 3.00 percent for general public and 3.50 percent for senior citizens
  • From 46 days to 90 days, 3.25 percent for general public and 3.75 percent for senior citizens
  • From 91 days to 179 days, 4.00 percent for general public and 4.50 percent for senior citizens
  • 4.50 per cent for 180 days to 270 days and 5.00 per cent for senior citizens
  • 4.50 percent for all and 5.00 percent for senior citizens from 271 days to less than 1 year
  • 5.30 percent for 1 year and 5.80 percent for senior citizens
  • 5.30 percent for 1 year to more than 2 years and 5.80 percent for senior citizens
  • 5.50 percent for 2 years to more than 3 years and 6.00 percent for senior citizens
  • 5.50 per cent for 3 years to above 5 years and 6.00 per cent for senior citizens
  • 5.60 per cent for 5 years to 10 years and 6.10 per cent for senior citizens
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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
  • 3.25 percent for 46 days to 60 days and 3.75 percent for senior citizens
  • 3.25 percent for 61 days to 90 days and 3.75 percent for senior citizens
  • 3.75 percent for 91 days to 6 months investment and 4.25 percent for senior citizens
  • 6.65 percent for 6 months 1 day to 9 months and 5.15 percent for senior citizens
  • 4.65 percent for all and 5.15 percent for senior citizens on 9 months 1 day to 9 months investment
  • 5.35 percent interest on 1 year and 5.85 percent for senior citizens
  • 5.35 percent interest on investment from 1 year 1 day to 2 years and 5.85 percent 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.
  • 5.75 per cent for 5 years 1 day to 10 years and 6.50 per cent for senior citizens.
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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 citizens
  • 180 days to 210 days: 4.40 per cent and 4.90 per cent for senior citizens
  • 211 days to less than 1 year: 4.60 percent and 5.10 percent for senior citizens
  • 1 year to less than 2 years: 5.30 percent and 5.80 percent for senior citizens
  • 2 years to less than 3 years: 5.35 percent and 5.85 percent for senior citizens
  • 3 years to less than 5 years: 5.45 percent and 5.95 percent for senior citizens
  • From 5 years to 10 years: 5.50 percent for all and 6.30 percent for senior citizens.

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