SBI & HDFC & PNB FD Rates: Whenever it comes to investing, FD comes first. Currently, FD is one of the most popular options for investment in the country. Investing in an FD gives you guaranteed returns. There is no risk of any kind with it. But if you want to get better returns, then compare the FD rates of some banks.
RBI revises repo rate
Let us tell you that the country’s largest bank RBI, has cut its repo rate by 50 bps. After which, the repo rate has come down from 6 percent to 5.5 percent. After this move by the RBI, many banks have revised their FD rates for both regular and senior citizens.
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SBI interest rate
For information, let us tell you that at present, the interest rate of SBI FDs maturing in 180 days to 210 days has been reduced from 5.80% to 5.65%. On the other hand, FDs maturing in 211 days to 1 year are getting 5.90% interest for a period less than 6.05%. SBI has revised the short-term interest rates for senior citizens.
PNB interest rate
New rates of PNB, one of the country’s largest banks, are applicable. This bank is providing interest rates of 3.25% to 6.70% to ordinary people for a period of 7 days to 10 years. On the other hand, it is giving interest rates of 3.75% to 7.20% to the elderly. It is giving interest of 4.05% to 7.50% to the very senior citizens. HDFC Bank’s interest rate
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The largest private sector bank, HDFC Bank, is giving interest rates of 2.75% to 6.60% to ordinary people. In this, senior citizens are getting interest at the rate of 3.25% to 7.10%. The applicable rates are applicable on deposits of less than Rs 3 crore for a period of 7 days to 10 years.