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Saturday, November 24, 2018

Compare FD Interest Rates: PNB Bank, SBI, HDFC Bank and ICICI Bank

Punjab National Bank has revised its FD interest rates in effect from Nov 1, 2018. There is a special scheme introduced by PNB for those wanting to invest for 555 days. Read on to find out the interest rates of other banks as well.



PNB (Punjab National Bank) has revised its fixed deposit interest rates which will be in effect from 1ST November 2018. FDs or term deposits have been instrumental in investments and savings from many years. Since, it has zero risks associated with it, FDs attract several people towards it.

Owing to the large number of people investing their money in fixed deposits, PNB has introduced a special FD scheme for 555 days which will be effective from November 2018 to March 2019. Some other leading banks have also revised their fixed deposit rates. Given below are the comparisons of interest rates offered by PNB bank, SBI, ICICI Bank, and HDFC bank for fixed deposits on investments below Rs.1 crore.

PNB Bank FD Interest Rate

Period
PNB FD Interest Rate for General public (% p.a.)
For senior citizen (% p.a.)
Seven days to 45 days
5.70%
6.20%
46 days to less than one year
6.35%
6.85%
One year
6.75%
7.25%
555 days
6.85%
7.35%
Above one year and up to 3 years
6.75%
7.25%
Above three years and up to 5 years
6.25%
6.75%
Above five years and up to 10 years
6.25%
7.27%

SBI Bank FD Interest Rate

Period
SBI FD Interest Rate General public (% p.a.)
For senior citizen (% p.a.)
7 days to 45 days
5.75%
6.25%
46 days to 179 days
6.25%
6.75%
180 days to 210 days
6.35%
6.85%
211 days to less than one year
6.40%
6.90%
One year to less than two years
6.70%
7.20%
Two years to less than three years
6.75%
7.25%
Three years to less than five years
6.80%
7.30%
Five years and up to 10 years
6.85%
7.35%
Choose the Best FD Rates in India

HDFC Bank FD Interest Rate

Period
HDFC Bank FD Interest Rate General Public (% p.a.)
For senior citizen (% p.a.)
Seven days to 14 days
3.50%
4.00%
15 days to 29 days
4.25%
4.75%
30 days to 45 days
5.75%
6.25%
46 days to 6 months
6.25%
6.75%
Six months one day to 9 months
6.75%
7.25%
Nine months one day to less than one year
7.10%
7.60%
One year to 2 years
7.30%
7.80%
Two years one day to 3 years
7.40%
7.90%
Three years one day to 5 years
7.25%
7.75%
Five years one day to 10 years
6.50%
7.00%
ICICI Bank FD Interest Rate

Period
ICICI Bank FD Interest Rate General Public (% p.a.)
For senior citizen (% p.a.)
Seven days to 14 days
4.00%
4.50%
15 days to 29 days
4.25%
4.75%
30 days to 45 days
5.50%
6.00%
46 days to 60 days
5.75%
6.25%
61 days to 184 days
6.00%
6.50%
185 days to 289 days
6.50%
7.00%
290 days to 389 days
6.75%
7.25%
390 days to 2 years
7.00%
7.50%
Two years one day to 5 years
7.25%
7.25%
Five years one day to 10 years
7.00%
7.50%
5 years tax saver FD (max. up to Rs.1.50 lakh)
7.25%
7.75%
Conclusion

As seen above, the interest rate for senior citizens is higher than the interest rates offered to the general public. Moreover, investors can take advantage of the new scheme started for 555 days to increase their investments. 

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