Fixed Deposit (FD) is one of the safest investment options. After the increase in the repo rate by the RBI, many banks have made changes in the FD rates. Today we will tell you which bank is giving the highest interest rate in PNB, SBI and BOB.
New Delhi. Fixed Deposit (FD) is one of the safest investment options. Here you keep getting a fixed return and with the help of compounding your accumulated amount increases significantly. After the increase in the repo rate by the RBI, many banks have made changes in the FD rates. Recently, PNB had increased the interest rates of FDs.
When all the banks have increased the interest rate on FD, then it becomes interesting to see which of these banks is giving the highest return to its customers. We will compare FD rates across different tenures of 3 public sector banks, SBI, PNB and Bank of Baroda and see which bank is offering the highest interest. Explain that these rates are for deposits of less than Rs 2 crore.
SBI interest rates
India’s largest bank SBI is giving an interest of 2.90 percent on FDs of 7 to 45 days. After this, 3.90 percent on FDs of 46-179 days, 4.55 percent on FDs of 180-210 days, 4.6 percent on FDs of 211 days to less than 1 year, 5.45 percent on FDs of 1 year to less than 2 years and 2. Paying 5.50 percent interest on FDs ranging from one year to less than 3 years. The bank is giving 5.60 percent interest on FDs ranging from 3 years to less than 5 years and 5.65 percent on FDs from 5 years to 10 years. An additional 0.50 percent interest is being given to senior citizens on all these tenures.
PNB interest rates
The bank is giving 3 percent interest on FDs of 7-45 days, 3.25 percent on FDs of 46-90 days and 4 percent on FDs of 91 to 179 days. After this, the bank is giving 4.50 percent interest on FDs of 180 days to 270 days and 271 days to less than 1 year. PNB is giving 5.50 percent interest on FDs of 1 year, 5.50 percent on FDs of more than 1 year to 404 days, 6.10 percent on FDs of 405 days and 5.50 percent on FDs from 406 days to 2 years. Banks will pay 5.60 percent interest on FDs of more than 2 years to 3 years, 5.75 percent on FDs of more than 3 years to 5 years and 5.65 percent interest on FDs of more than 5 years to 10 years. Used to be. The bank is offering 0.50 percent more interest to senior citizens on all tenors except 1st tenure. Senior citizens are getting 0.75 per cent additional interest only on FDs with tenor of more than 5 years to 10 years.
Bank Of Baroda
BoB is giving its customers 3 percent interest on FDs of 7-45 days, 4 percent on FDs of 46-90 and 91-180 days, 4.65 percent on FDs ranging from 181-270 and 271 days to less than 1 year. After this, the bank is giving 5.50 percent interest on FDs of 1 year, more than 1 year to 400 days and more than 400 days to 2 years. Interest of 5.55% is being given on FDs of more than 2 years to 3 years. The bank is giving 5.65 percent interest on FDs of more than 3 years to 5 years and more than 5 years to 10 years. The bank is giving 5.10 percent interest on FDs of more than 10 years. The bank is giving a maximum interest of 6.65 percent to senior citizens. This interest is available on FDs of more than 5 years to 10 years.
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