Fixed Deposit Interest Rate: RBI has increased the repo rate thrice in the last three meetings of its last Monetary Policy Committee (MPC).
Fixed Deposit Interest Rate: RBI has increased the repo rate thrice in the last three meetings of its last Monetary Policy Committee (MPC). After increasing the repo rate of RBI, most of the banks have increased the interest on fixed deposits. Banks have increased interest on both loans and FDs. Here we are telling you about the interest available on FDs of less than Rs 2 crore of three banks State Bank of India (SBI), Punjab National Bank and HDFC Bank. Here are the prime rates.
SBI FD interest rates – on FDs below Rs 2 crore
- 7 days to 45 days: for general public – 2.90 percent; For Senior Citizen – 3.40 percent
- 46 days to 179 days: for general public – 3.90 percent; For Senior Citizen – 4.40 percent
- 180 days to 210 days: for general public – 4.55 percent; For Senior Citizen – 5.05 percent
- 211 days to less than 1 year: for general public – 4.60 percent; For Senior Citizen – 5.10 percent
- 1 year to less than 2 years: for general public – 5.45 percent; For Senior Citizen – 5.95 percent
- 2 years to less than 3 years: for general public – 5.50 percent; For Senior Citizen – 6.00 percent
- 3 years to less than 5 years: for general public – 5.60 percent; For Senior Citizen – 6.10 percent
- 5 years to 10 years: for general public – 5.65 percent; For Senior Citizen – 6.15 percent.
HDFC Bank FD interest rates – on FDs below Rs 2 crore
- 7 days to 14 days: for general public – 2.75 percent; For Senior Citizen – 3.25 percent
- 15 days to 29 days: for general public – 2.75 percent; For Senior Citizen – 3.25 percent
- 30 days to 45 days: for general public – 3.25 percent; For Senior Citizen – 3.75 percent
- 46 days to 90 days: for general public – 3.25 percent; For Senior Citizen – 3.75 percent
- 91 days to 179 days: for general public – 3.75 percent; For Senior Citizen – 4.25 percent
- 180 days to 270 days: for general public – 4.65 percent; For Senior Citizen – 5.15 percent
- 271 days to less than 1 year: for general public – 4.65 percent; For Senior Citizen – 5.15 percent
- 1 year: for general public – 5.50 percent; For Senior Citizen – 6.00 percent
- 1 year to more than 2 years: for general public – 5.50 percent; For Senior Citizen – 6.00 percent
- 2 years to more than 3 years: for general public – 5.50 percent; For Senior Citizen – 6.00 percent
- 3 years to more than 5 years: for the general public – 5.75 percent; For Senior Citizen – 6.25 percent
- 5 years to 10 years: for general public – 6.10 percent; For Senior Citizen – 6.60 percent
- 1111 days: for general public – 5.75 percent; For Senior Citizen – 6.25 percent.
Punjab National Bank FD Interest Rates – On FDs below Rs 2 Crore
- 7 days to 14 days: for general public – 3.00 percent; For Senior Citizen – 3.50 percent
- 15 days to 29 days: for general public – 3.00 percent; For Senior Citizen – 3.50 percent
- 30 days to 45 days: for general public – 3.00 percent; For Senior Citizen – 3.50 percent
- 46 days to 90 days: for general public – 3.25 percent; For Senior Citizen – 3.75 percent
- 91 days to 179 days: for general public – 4.00 percent; For Senior Citizen – 4.50 percent
- 180 days to 270 days: for general public – 4.50 percent; For Senior Citizen – 5.00 percent
- 271 days to less than 1 year: For general public – 4.50 percent; For Senior Citizen – 5.00 percent
- 1 year: for general public – 5.50 percent; For Senior Citizen – 6.00 percent
- 1 year to more than 2 years: for general public – 5.50 percent; For Senior Citizen – 6.00 percent
- 2 years to more than 3 years: for the general public – 5.60 percent; For Senior Citizen – 6.10 percent
- 3 years to more than 5 years: for the general public – 5.75 percent; For Senior Citizen – 6.25 percent
- 5 years to more than 10 years: for the general public – 5.65 percent; For Senior Citizen – 6.15 percent
- 1111 days: for general public – 5.75 percent; For Senior Citizen – 6.25 percent.