Bank FD Rate Hike - Rightsofemployees.com

Bank FD Rate Hike: PNB revises its fixed deposit interest rates; check latest rates here

Pravesh Maurya — Mon, 05 Aug 2024 05:13:08 +0000

New Delhi. If you are a customer of the public sector Punjab National Bank (PNB) then there is great news for you. The bank has announced to increase the fixed deposit i.e. FD rate.

These new rates are applicable from August 1, 2024. These rates of Punjab National Bank are for FDs up to Rs 3 crore.

PNB offers FDs for 7 days to 10 years to general customers. The bank is giving interest between 3.50% to 7.25% on FDs. At the same time, it is offering 4% to 7.75% interest to senior citizens. The bank is giving up to 8.10% interest to super senior citizens (above 80 years of age).

Punjab National Bank FD Rates

Serial number	Period	Revised Rates For Public W.E.F. 01.08.2024 (below 60 years)
1.	7 to 14 Days	3.5%
2.	15 to 29 Days	3.5%
3.	30 to 45 Days	3.5%
4.	46 to 60 Days	4.5%
5.	61 to 90 Days	4.5%
6.	91 to 179 Days	4.5%
7.	180 to 270 Days	6.25%
8.	271 Days to 299 Days	6.5%
9.	300 Days	7.05%
10.	301 Days to < 1 Year	6.5%
11.	1 Year	6.8%
12.	> 1 Year to 399 days	6.8%
13.	400 Days	7.25%
14.	401 Days to 2 Years	6.8%
15.	> 2 years to 3 Years	7%
16.	> 3 years to 1203 Days	6.5%
17.	1204 Days	6.4%
18.	1205 days to 5 years	6.5%
19.	> 5 years to 1894 days	6.5%
20.	1895 Days	6.35%
21.	1896 days to 10 years	6.5%

Source: PNB website as of August 2, 2024

Table showing PNB FD rates for senior citizens

Serial number	Period	Revised Rates For Senior Citizens W.E.F. 01.08.2024
1.	7 to 14 Days	4%
2.	15 to 29 Days	4%
3.	30 to 45 Days	4%
4.	46 to 60 Days	5%
5.	61 to 90 Days	5%
6.	91 to 179 Days	5%
7.	180 to 270 Days	6.75%
8.	271 Days to 299 Days	7%
9.	300 Days	7.55%
10.	301 Days to < 1 Year	7%
11.	1 Year	7.3%
12.	> 1 Year to 399 days	7.3%
13.	400 Days	7.75%
14.	401 Days to 2 Years	7.3%
15.	> 2 years to 3 Years	7.5%
16.	> 3 years to 1203 Days	7%
17.	1204 Days	6.9%
18.	1205 days to 5 years	7%
19.	> 5 years to 1894 days	7.3%
20.	1895 Days	7.15%
21.	1896 days to 10 years	7.3%

Table showing FD rates for super senior citizens

Serial number	Period	Revised Rates For Super Senior Citizens W.E.F. 01.08.2024
1.	7 to 14 Days	4.3%
2.	15 to 29 Days	4.3%
3.	30 to 45 Days	4.3%
4.	46 to 60 Days	5.3%
5.	61 to 90 Days	5.3%
6.	91 to 179 Days	5.3%
7.	180 to 270 Days	7.05%
8.	271 Days to 299 Days	7.3%
9.	300 Days	7.85%
10.	301 Days to < 1 Year	7.3%
11.	1 Year	7.6%
12.	> 1 Year to 399 days	7.6%
13.	400 Days	8.05%
14.	401 Days to 2 Years	7.6%
15.	> 2 years to 3 Years	7.8%
16.	> 3 years to 1203 Days	7.3%
17.	1204 Days	7.2%
18.	1205 days to 5 years	7.3%
19.	> 5 years to 1894 days	7.3%
20.	1895 Days	7.15%
21.	1896 days to 10 years	7.3%

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Bank FD Rate Hike : This government bank has increased the interest rates on FD, you will get 7.30% interest for 444 days, check rates

Pravesh Maurya — Mon, 15 Apr 2024 07:36:56 +0000

Fixed deposits: Indian Overseas Bank has increased the interest rates on FDs of less than Rs 2 crore. The new FD interest rates of the bank will be applicable from April 15, 2023.

The Reserve Bank of India (RBI) did not make any change in the policy rate repo for the seventh consecutive time in the first bi-monthly monetary policy review of the current financial year on April 5, 2024 and kept it at 6.5 percent. At the same time, the public sector Indian Overseas Bank, established on 10 February 1937, has increased the interest rates on fixed deposits i.e. FD.

The bank has increased the interest rates for select tenures by 0.50 percent. According to the official website of the bank, the bank has changed the interest rates for FDs less than Rs 2 crore. The new FD interest rates of the bank will be applicable from April 15, 2023.

7.30 percent interest will be available for 444 days.
After the change, the bank will give maximum interest of 7.30 percent on FD of 444 days. The bank will continue to offer additional 0.50 per cent interest on the standard rate to senior citizens and 0.75 per cent interest to its super senior citizens.

New FD rates of Indian Overseas Bank:

The bank is offering its customers 4 percent on FD of 7 days to 14 days, 4.5 percent on FD of 15 days to 29 days, 4.5 percent on FD of 30 days to 45 days and 46 percent to 60 days. Will give 4.5 percent interest on FD. Whereas the bank will give 4.25 percent interest on FD of 61 days to 90 days, 4.75 percent interest on FD of 91 days to 120 days and 4.25 percent interest on FD of 121 days to 179 days.

On the other hand, the bank offers 5.75 percent interest on FDs of 180 days to 269 days, 5.75 percent interest on FDs of 270 days to less than 1 year and 6.90 percent interest on FDs of 1 year to less than 2 years (except 444 days). Will give.

Post Office Superhit Scheme: In this scheme of Post Office, you will get pension of Rs 5000 every month on investment of Rs 210.

Bank FD Interest Rate : Customers are getting more than 9% interest on FD in these 3 banks; Check full list

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Bank Increased FD Rate: This bank increased the interest on FD for the third time in 14 days

Pravesh Maurya — Mon, 14 Nov 2022 11:29:19 +0000

Bank FD Rate Hike- Kotak Mahindra Bank has once again increased the interest rates of Fixed Deposit (FD). Almost all the banks have increased the interest rates of FD. Kotak Mahindra Bank and HDFC Bank had also increased the interest on FDs on November 9, 2022.

Since the increase in the repo rate of the Reserve Bank of India, the process of banks to increase the interest rates of fixed deposits (FD Rate Hike) continues. Now Kotak Mahindra Bank has once again announced an increase in FD interest rates. This is the third hike in interest rates by Kotak Mahindra Bank in this month. The bank had also increased the interest rates of fixed deposits on November 1 and November 9.

The bank has now announced a hike in interest rates on select fixed deposits of less than Rs 2 crore. The new interest rates have become effective from today. After the increase, on FDs maturing from 390 days to less than 23 months, the bank will now give 6.40 per cent to common customers instead of 6.30 per cent. At the same time, senior citizens will get 6.90 percent interest.

Now you will get more interest

Bank has increased the interest rate on FDs from 23 months to less than 2 years from 6.30 to 6.50 percent. Similarly, Kotak Mahindra Bank has decided to pay more interest on FDs maturing in 2 years to less than 3 years. Now 6.40 percent interest will be available, whereas earlier the rate of interest was 6.30 percent. FDs maturing in 3 years and above but less than 4 years will give 6.30% interest and FDs maturing in 4 years and above but less than 5 years will give 6.25% interest.

Interest rates were increased on November 9

Kotak Mahindra Bank had also announced on November 9 to increase the interest rates on fixed deposits of certain tenures. Then the bank had announced to give 6.25 percent instead of 6.10 percent and 6.40 percent interest to senior citizens on FDs maturing in a period of 365 days to 389 days. Senior citizens get 0.50 bps more interest on FDs of all tenures. On November 9, the bank had announced to give 6.30 percent interest instead of 6.25 on fixed deposits maturing in 3 years and above, but less than 4 years.

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