By investing in post office time deposit scheme and bank FD, you can earn well with higher interest rates.
If you are planning to invest in the time deposit scheme of the post office. So now is a good time for you to invest. Customers investing in the new financial year can now get 50 basis points more interest. Because the government has increased the interest rates of small savings schemes for the April to June quarter in the new financial year .
Customers will get good returns by investing in post office time deposits and bank fixed deposit schemes. Because the bank has also increased the interest rates of its FD schemes. Here you can know that you will get more interest in time deposit and in bank fixed deposit scheme.
The government has increased the interest rates on post office time deposits by up to 50 basis points. The new rates will be applicable for the quarter April to June 2023. After the hike, the 1-year FD interest rate has increased from 6.6% to 6.8%, and the 2-year FD interest rate has increased from 6.9% to 7%. FD interest with a tenure of 3 years has been increased from 6.9% to 7%, and with a tenure of 5 years has been increased from 7% to 7.5%.
SBI FD Interest Rates
State Bank of India is offering an interest rate of 6.8% for citizens for a period of 1 year to less than 2 years. The bank is offering 7% interest for a period of 2 years to less than 3 years and 6.50% interest for a period of 3 years to less than 5 years. These rates are effective from February 15, 2023.
HDFC Bank FD Interest Rates
HDFC Bank is offering an interest rate of 6.60% for a tenure of 1 year to less than 15 months and 7.10% for a tenure of 15 months to less than 18 months. The bank is paying interest at the rate of 7% between 18 months to 5 years.
ICICI Bank FD Rates
ICICI Bank is offering an interest rate of 6.70% for a tenure of 1 year to less than 15 months and 7.10% for a tenure of 15 months to less than 2 years. At the same time, it offers interest at the rate of 7% for a period of less than 2 to 5 years.
PNB FD Rates
Punjab National Bank (PNB) is offering an interest rate of 6.80% for 1 year to 665 days and 7.25% for 666 days. PNB is paying interest at the rate of 6.75% between 2-3 years and 6.50% for 3 years to 5 years.
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