HDFC Bank increased the interest rate of fixed deposits:- HDFC Bank, the country’s largest private bank, has decided to increase interest rates on FD schemes of less than Rs 2 crore. Let’s know about the new rates.
After a long time, HDFC Bank has announced an increase in interest rates on fixed deposits below Rs 2 crore for general customers and the new interest rates also become effective from today. In this current article we will know where this new interest rate has reached in comparison to SBI, PNB Bank.
HDFC Bank FD Rates: HDFC Bank, the country’s largest private sector bank, has once again decided to increase the interest rates on deposits below Rs 2 crore, giving a big gift to its customers. These rates are applicable on FDs with tenures ranging from 7 days to 10 years. During this period, the bank is offering interest rates ranging from 3.00 per cent to 7.10 per cent to general customers. At the same time, the bank is offering interest ranging from 3.50 per cent to 7.60 per cent to senior citizens. The new rates are effective from Tuesday, February 21, 2023. Let us know how much interest rate is being given by the bank for different periods.
HDFC bank is giving this much interest to general customers (less than 2 cr).
FD for 7 to 14 days – 3.00%
FD of 15 to 29 days – 3.00%
30 to 45 days FD – 3.50 percent
FD of 46 to 6 months – 4.50%
6 months to 9 months FD – 5.75%
FD of 9 months to 1 year – 6.00%
FD from 1 year to 15 months – 6.60%
FD of 15 months to 18 months – 7.10%
18 months to 10 years FD – 7.00%
SBI is giving this much interest to general customers (less than 2 crores).
Due to the new interest rate implemented by the bank, now any investor can get a maximum interest of 7.6%. You can open your Fixed Deposit account with the bank in a minimum of 7 days.
State Bank has decided to increase interest rates on deposits below Rs 2 crore on February 15, 2023. The bank is offering interest rates ranging from 3 per cent to 7.1 per cent for its under-60s. At the same time, the bank is offering 50 basis points higher interest rate to senior citizens. After this increase, the bank is giving this much interest to the common citizens-
7 to 45 days FD – 3.00%
FD of 46 to 179 days – 4.5%
FD of 180 to 210 days – 5.25%
211 days to 1 year FD – 5.75%
1 year FD – 6.8%
400 days FD (Amrit Kalash) – 7.10%
2 to 3 year FD – 7.00%
3 to 5 year FD – 6.5%
FD from 5 to 10 years – 6.5%
Senior citizens have been given an additional interest of 0.5% on all interest rates, under which senior citizens get a maximum interest of 7.6% on fixed deposits made for a period of 15 months to 18 months.
On the other hand, if we talk about India’s largest government bank, then the name of State Bank of India comes in it. The maximum interest on fixed deposits in this bank will be 7.6 percent only. Maximum 7.1% interest will be provided to general customers and 7.6% interest with an additional interest of 0.5% to senior citizens.
PNB is giving this much interest to normal customers (less than 2 cr).
On the other hand, talking about the second most famous government bank, it is Punjab National Bank and now it is getting the highest interest of 7.75 per cent as a fixed deposit. Punjab National Bank is the highest interest paying bank among these three banks.
During the 666 days of the Special Fixed Deposit, you can earn 6.5% interest as a normal citizen, the same additional interest is reduced to 0.5% for senior citizens, making the interest rate 7.75%.
Punjab National Bank has announced a hike in its FD rates on 20 February. The bank has made this increase on the deposit scheme of less than 2 crores. The bank is offering 3.50% to 6.50% interest rate on FDs ranging from 7 days to 10 years to general citizens and 4.00% to 7.30% to senior citizens. Let us know how much interest rate the bank is offering to common citizens on FDs of less than 2 crores-
FD of 7 days to 45 days – 3.50%
46 days to 179 days FD – 4.50%
271 days to 1 year FD – 5.50%
FD from 1 year to 665 days – 6.75%
666 days FD – 7.25%
FD from 667 days to 3 years – 6.75%
FD from 3 to 10 years – 6.50 percent