State-run PNB Bank has increased interest rates for tenures of 180 to 270 days by 50 bps. Now ordinary citizens will get 6% interest on these deposits.
Public sector Punjab National Bank has changed the interest rate of fixed deposits. The bank has increased the interest rates on FDs less than ₹2 crore by up to 50 basis points (bps). The new rates are effective from January 1, 2024. Let us know the interest rates on FD of the bank.
What interest rate for what period?
PNB Bank has increased the interest rates for tenures of 180 to 270 days by 50 bps. Now ordinary citizens will get 6% interest on these deposits. PNB has increased FD rates for tenures from 271 days to less than 1 year by 45 bps. Now common citizens will get 7.25% interest on these FDs. PNB has increased interest rates by 45 bps on maturity period of 400 days. This interest rate has been increased from 6.80% to 7.25%. PNB offers 3.5% to 7.25% interest to common citizens on deposits maturing in 7 days to 10 years. PNB is offering interest rates ranging from 4% to 7.75% on FD for senior citizens. For super senior citizens, interest is available from 4.3% to 8.05%.
SBI FD rates
State Bank of India (SBI) has increased the interest rates on FD. This interest rate is applicable on FDs of less than Rs 2 crore. The new rate is effective from December 27, 2023. After this increase, SBI offers rates ranging from 3.5 to 7% on deposits maturing in seven days to ten years. Senior citizens will get an additional 50 basis points (bps) on these deposits.
Bank of Baroda FD Rates
Bank of Baroda has increased interest rates on retail FD by 10 basis points to 125 basis points. Interest ranging from 4.25% to Rs 7,255 is being given to general customers. Bank of Baroda is offering 4.75% to 7.75% interest to senior citizens on deposits maturing in seven days to ten years.
