Bank FD Interest Rates: Interest rates in the country are rising as RBI’s Monetary Policy Committee has raised the key repo rate thrice in the last three months. Subsequently, banks are also increasing rates for both loans and deposits. On Thursday also state-owned Punjab National Bank increased its Fixed deposit Interest rates hiked by 20 basis points on deposits below Rs 2 crore.
Here is a comparison of the current fixed deposit (FD) interest rates offered by three lenders Punjab National Bank (PNB), state Bank of India (SBI) and Central Bank of India On deposits less than Rs 2 crore:
PNB FD interest rate (on deposits less than Rs 2 crore):
7 days to 14 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
15 days to 29 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
30 days to 45 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
46 days to 90 days: for general public – 3.25 percent; For senior citizens – 3.75 percent
91 days to 179 days: for general public – 4.00 percent; For senior citizens – 4.50 percent
180 days to 270 days: for general public – 4.50 percent; For Senior Citizens – 5.00 percent
271 days to less than 1 year: For general public – 4.50 percent; For Senior Citizens – 5.00 percent
1 year: for general public – 5.50 percent; For Senior Citizens – 6.00 percent
1 year to more than 2 years: for general public – 5.50 percent; For Senior Citizens – 6.00 percent
2 years to more than 3 years: for general public – 5.60 percent; For senior citizens – 6.10 percent
3 years to more than 5 years: for general public – 5.75 percent; For senior citizens – 6.25 percent
5 years to more than 10 years: for general public – 5.65 percent; For senior citizens – 6.15 percent
1111 days: for general public – 5.75 percent; For senior citizens – 6.25 percent
SBI FD interest rate (on deposits less than Rs 2 crore):
7 days to 45 days: for general public – 2.90 percent; For senior citizens – 3.40 percent
46 days to 179 days: for general public – 3.90 percent; For senior citizens – 4.40 percent
180 days to 210 days: for general public – 4.55 percent; For senior citizens – 5.05 percent
211 days to less than 1 year: for general public – 4.60 percent; For senior citizens – 5.10 percent
1 year to less than 2 years: for general public – 5.45 percent; For senior citizens – 5.95 percent
2 years to less than 3 years: for general public – 5.50 percent; For Senior Citizens – 6.00 percent
3 years to less than 5 years: for general public – 5.60 percent; For senior citizens – 6.10 percent
5 years to 10 years: for general public – 5.65 percent; For senior citizens – 6.15 percent.
Central Bank of India FD interest rate (on deposits less than Rs 2 crore):
7 days to 14 days – For general public: 2.75 percent
15 days to 30 days – For general public: 2.90 percent
31 days to 45 days – For general public: 3.00 percent
46 days to 59 days – For general public: 3.35 percent
60 days to 90 days – For general public: 3.35 percent
91 days to 179 days – for general public: 3.85 percent
180 days to 270 days – For general public: 4.50 percent
271 days to 364 days – For general public: 4.50 percent
1 year to less than 2 years – For general public: 5.35 percent
2 years to less than 3 years – For general public: 5.40 percent
3 years to less than 5 years – For general public: 5.40 percent
5 years and above to 10 years – For general public: 5.60 percent
555 days – For general public: 5.60 percent.
Central Bank of India also offers higher interest rates on fixed deposits to senior citizens.
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