As RBI’s Monetary Policy Committee has raised the repo rate by 90 basis points in two hikes within a month and is expected to do so to control inflation in the country, commercial banks are also increasing their deposit and lending rates. are. Several banks including Kotak Mahindra Bank, Punjab National Bank and ICICI Bank have increased their interest rates to compensate for the higher marginal cost of funds. Here is a comparison of fixed deposit rates state Bank of India, ICICI Bank And Punjab National Bank,
State Bank Of India FD Interest Rates (On Deposits Below Rs.2 Crore):
7 days to 14 days: for general public – 2.90 percent; For senior citizens – 3.40 percent
15 days to 29 days: for general public – 2.90 percent; For senior citizens – 3.40 percent
30 days to 45 days: for general public – 2.90 percent; For senior citizens – 3.40 percent
46 days to 60 days: for general public – 3.90 percent; For senior citizens – 4.40 percent
61 days to 90 days: for general public – 3.90 percent; For senior citizens – 4.40 percent
91 days to 120 days: for general public – 3.90 percent; For senior citizens – 4.40 percent
6 months 1 day to 9 months: for general public – 4.40 percent; For senior citizens – 4.90 percent
9 months 1 day to less than one year: for general public – 4.40 percent; For senior citizens – 4.90 percent
1 year: for general public – 4.40 percent; For senior citizens – 4.90 percent
1 year 1 day to 2 years: for general public – 4.40 percent; For senior citizens – 4.90 percent
2 years 1 day to 3 years: for general public – 5.20 percent; For senior citizens – 5.70 percent
3 years 1 day to 5 years: for general public – 5.45 percent; For senior citizens – 5.95 percent
5 years 1 day to 10 years: For general public – 5.50 percent; For senior citizens – 6.30 percent
Punjab National Bank FD Interest Rates (On Deposits Below Rs.2 Crore):
7 days to 14 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
15 days to 29 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
30 days to 45 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
46 days to 90 days: for general public – 3.25 percent; For senior citizens – 3.75 percent
91 days to 179 days: for general public – 4.00 percent; For senior citizens – 4.50 percent
180 days to 270 days: for general public – 4.50 percent; For Senior Citizens – 5.00 percent
271 days to less than 1 year: For general public – 4.50 percent; For Senior Citizens – 5.00 percent
1 year: for general public – 5.10 percent; For senior citizens – 5.60 percent
1 year to more than 2 years: for general public – 5.10 percent; For senior citizens – 5.60 percent
2 years to more than 3 years: for general public – 5.10 percent; For senior citizens – 5.60 percent
3 years to more than 5 years: for general public – 5.25 percent; For senior citizens – 5.75 percent
5 years to more than 10 years: for general public – 5.25 percent; For senior citizens – 5.75 percent.
ICICI Bank FD interest rates (on deposits less than Rs 2 crore):
7 days to 14 days: for general public – 2.50 percent; For senior citizens – 3.00 percent
15 days to 29 days: for general public – 2.50 percent; For senior citizens – 3.00 percent
30 days to 45 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
46 days to 60 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
61 days to 90 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
91 days to 184 days: for general public – 3.50 percent; For Senior Citizens – 4.00 percent
185 days to 289 days: for general public – 4.40 percent; For senior citizens – 4.90 percent
290 days to less than one year: for general public – 4.50 percent; For Senior Citizens – 5.00 percent
1 year to 2 years: for general public – 5.10 percent; For senior citizens – 5.60 percent
2 years 1 day to 3 years: for general public – 5.40 percent; For senior citizens – 5.90 percent
3 years 1 day to 5 years: for general public – 5.60 percent; For senior citizens – 6.10 percent
5 years 1 day to 10 years: for general public – 5.75 percent; For senior citizens – 6.50 percent.
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