Bulk FD rates from Rs 2 crore to Rs 10 crore have been increased by public sector Punjab National Bank (PNB) . This increase has been done by the bank on FDs ranging from 7 days to one year. According to the official website of the bank, the new interest rates have come into effect from May 4.

Let us tell you, due to the continuous increase in the repo rate from the RBI , banks are continuously increasing the interest rates of FDs. In the last one year, the repo rate has increased from 4.00 percent to 6.50 percent.

PNB new interest rates

PNB has increased the interest rate of bulk FDs from 7 days to 45 days by 0.50 percent from 5.50 percent to 6.00 percent. The interest rate on bulk FDs ranging from 46 days to 90 days has been increased by 0.75 percent. Due to this the interest rate has increased from 5.50 percent to 6.25 percent. The interest rate on FDs of 91 days to 179 days has been increased by 0.50 percent from 6.00 percent to 6.50 percent.

The interest rate on FDs ranging from 180 days to less than one year has been increased from 6.25 percent to 6.50 percent. At the same time, the interest rate on bulk FD of one year period has been increased by 0.25 percent to 7.00 percent.

PNB new interest rates

PNB has increased the interest rate of bulk FDs from 7 days to 45 days by 0.50 percent from 5.50 percent to 6.00 percent. The interest rate on bulk FDs ranging from 46 days to 90 days has been increased by 0.75 percent. Due to this the interest rate has increased from 5.50 percent to 6.25 percent. The interest rate on FDs of 91 days to 179 days has been increased by 0.50 percent from 6.00 percent to 6.50 percent.

The interest rate on FDs ranging from 180 days to less than one year has been increased from 6.25 percent to 6.50 percent. At the same time, the interest rate on bulk FD of one year period has been increased by 0.25 percent to 7.00 percent.

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This time the bank has increased the interest on bulk FD by a maximum of 0.25 percent. The bank is paying interest ranging from 4.75 per cent to 7.15 per cent on FDs ranging from 7 days to 10 years. Earlier, the initial interest of the bank was 4.50 per cent, which has been increased by 0.25 per cent. The bank is offering the highest interest of 7.15 per cent on FDs of 15 months. Let’s know the latest rate..

Interest rates on ICICI Bank’s bulk FD ..

7 days to 14 days: For general public – 4.75 per cent; For senior citizens – 4.75 percent

15 days to 29 days: For general public – 4.75 per cent; For senior citizens – 4.75 percent

30 days to 45 days: For general public – 5.50 per cent; For Senior Citizen – 5.50 percent

46 days to 60 days: For general public – 5.75 per cent; For senior citizens – 5.75 percent

61 days to 90 days: For general public – 6 percent; For senior citizens – 6 percent

91 days to 120 days: For general public – 6.50 per cent; For Senior Citizen – 6.50 percent

121 days to 150 days: For general public – 6.50 per cent; For Senior Citizen – 6.50 percent

151 days to 184 days: For general public – 6.50 per cent; For Senior Citizen – 6.50 percent

185 days to 210 days: For general public – 6.65 per cent; For Senior Citizen – 6.65 percent

211 days to 270 days: For general public – 6.65 per cent; For Senior Citizen – 6.65 percent

271 days to 289 days: For general public – 6.75 per cent; For Senior Citizen – 6.65 percent

290 days but less than one year: For general public – 6.75 per cent; For Senior Citizen – 6.65 percent

1 year to 389 days: For general public – 7.15 per cent; For Senior Citizen – 7.15 percent

390 days to less than 15 months: For general public – 7.15 per cent; For Senior Citizen – 7.15 percent

15 months to less than 18 months: For general public – 7.15 per cent; For Senior Citizen – 7.15 percent

2 years 1 day to 3 years: For general public – 7.00 per cent; For Senior Citizen – 7.00 percent

3 years 1 day to 5 years: For general public – 6.75 per cent; For Senior Citizen – 6.75 percent

5 years 1 day to 10 years: For general public – 6.75 per cent; For Senior Citizen – 6.75 percent

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The bank is now offering an interest rate of 3.75% for FDS maturing in 7 days to 29 days, and ICICI Bank is now offering an interest rate of 4.75% for those maturing in 30 days to 45 days.

Let us know that ICICI Bank’s FD rates

maturing between 46 and 60 days will fetch interest at the rate of 5.00%, while FDs maturing between 61 and 90 days will fetch interest at the rate of 5.25%. 6.00% interest rate on FDs maturing in 185 days to 270 days, while ICICI Bank is now offering 5.75% interest rate on FDs maturing in 91 days to 184 days.

For maturing in 271 days to less than 1 year, the bank is offering an interest rate of 6.25%. ICICI Bank is now offering an interest rate of 6.75% for maturing in 1 year to 15 months. For maturing in 15 months to 3 years is 6.80% and for maturing in 3 years 1 day to 10 years is 6.50%.

Apart from this, ICICI Bank has also changed the interest rates on FDs of Rs 5 crore and above. After this change in interest rates, ICICI Bank will give 3.75% to 7.15% interest on FDs of 7 days to 10 years to its customers. Apart from this, you will also get the facility of premature withdrawal on FDs above Rs 5 crore.

On the other hand, the bank has not made any change in the interest rate on FDs of less than Rs 2 crore. On FDs of less than Rs 2 crore, the bank is giving 3% to 6.60% interest to its general customers and 3.50% to 7.10% to senior citizen customers.

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