Fixed deposit is called time deposit in post office. But, do you know how much interest is given in post office time deposit and SBI FD and where is the interest higher.

Since people across the country like to invest money in State Bank of India and Post Office schemes and FDs, it is important for you to know which of these two gives higher interest on FD and in how many years the money doubles.

What is the interest rate on SBI FD?

India’s largest public sector bank, State Bank of India, offers interest on FDs based on the deposit tenure. SBI offers interest in the range of 6.25% to 6.30% for FDs with tenures of 1 to 5 years.

– The interest rate on FDs with tenors of one year and less than 2 years is 6.25%.

– The interest rate on FDs with tenors of two years and less than three years is 6.45%.

– The interest rate on FDs with tenures of three years and less than 5 years is 6.30%.

Interest rates in Post Office Time Deposits

The interest rate in Post Office Time Deposits is higher than SBI.

– The interest rate on post office time deposit for one year is 6.9%.

– The interest rate on Post Office Time Deposit for 2 years is 7.0%.

– The interest rate on Post Office Time Deposit for 3 years is 7.1%.

– The interest rate on Post Office Time Deposit for 5 years is 7.5%.

Where money doubles quickly

If the interest on SBI FD and Post Office Time Deposit is calculated as per Rule 72, then money doubles quickly in Post Office Time Deposit. Because, Post Office gives 7.50% interest on a period of 5 years, so the money doubles in 9.5 years.

The post Post Office vs SBI FD: Which Offers Higher Interest & Faster Money Doubling? first appeared on Rightsofemployees.com.

These banks are offering the highest interest rates

1. North-East Small Finance Bank

It is offering an interest rate of 9.00% on FDs of 1 year to 3 years, making it the most attractive short-term investment.

2. Suryodaya Small Finance Bank

This bank is offering an interest rate of 9.10% on 5-year FD, which makes it a good option for long-term investors.

3. Unity Small Finance Bank

It is giving 9.50% interest on 1001 days FD and 8.65% on 3 years FD. This bank is giving high returns.

4. Jan Small Finance Bank

It is offering 8.75% interest on FDs of 1 year to 3 years, which makes it a profitable opportunity for short and medium term investors.

5. Equitas Small Finance Bank

It is offering 8.60% interest on 1 year FD and 8.50% interest on 3 year FD, which is the best option to get safe and good returns.

6. Ujivan Small Finance Bank

It is offering 8.60% interest on 18-month FDs, which is an attractive option for medium-term investors. Small finance banks such as Northeast (9.00%), Suryoday (9.10%), and Unity Bank (9.50%) are offering higher returns on FDs than larger banks. Senior citizens who want higher interest while keeping their savings safe can invest in FDs of these banks.

Related Articles:-

• Public Holidays ALERT! Schools, colleges and many other institutions will remain closed
• New Bank Note: RBI will issue 100 and 200 rupee notes!, what will happen to the old currency?
• India’s largest domestic airline IndiGo announces affordable Holi airfares starting at Rs 1,199
• Akasa Air: Up to 15% off on flights across domestic and international routes
• Good news for 1.2 crore central government employees and pensioners, announcement on DA hike possible tomorrow

The post Highest FD Rates: THESE 6 Banks are giving more than 9% interest on FD, check Interest Rates first appeared on Rightsofemployees.com.

Many banks are offering attractive interest rates on Fixed Deposits. The interest on FDs also depends on the tenure of the FD. Here we are telling you about some such banks which are offering attractive interest on FDs.

FD rates of small finance banks: Small finance banks are similar to other commercial banks, but their business activities are limited compared to them.

Northeast Small Finance Bank : 9.00% interest rate for a period of 546 days to 1111 days.
Unity Small Finance Bank : 9.00% interest rate for a period of 1001 days.
Suryoday Small Finance Bank : 8.60% interest rate for FDs of 2 to 3 years.
Jana Small Finance Bank: 8.25% interest rate for FDs of 1 to 3 years.
Utkarsh Small Finance Bank : 8.50% interest rate for 2 to 3 years.
Equitas Small Finance Bank: 8.25% interest rate for 888 days.

The post Highest FD rate: These banks are giving the highest interest rate on FD, read this news before investing first appeared on Rightsofemployees.com.

Senior citizens are getting more interest

Senior citizens are getting an extra interest of 0.50% over and above the normal rates. The bank is paying 0.75% more interest for super senior citizens. Union Bank of India is offering an interest rate of 3.5% to the general public on FDs maturing in seven to 45 days. FDs maturing in 46 days to 90 days are now getting an interest rate of 4.50%.

Union Bank of India FD interest rates – For FDs up to Rs.3 crore

Latest News:-

• PSEB 8th, 10th And 12th DateSheet: Punjab 8th, 10th and 12th class paper dates announced
• Income tax cut expected, know the current slabs and rates under the new and old tax system
• IMD issues fog and frost warning in 13 states, more than 300 flights affected, train speed also reduced
• Union Minister announces cashless treatment of up to Rs 1.5 lakh for victims of road accidents
• New Visa rules: New Zealand Changes Visa Rules To Meet Labour Demands -Key Details Inside

The post Bank FD rate Cut: Big alert for crores of customers, this bank cut interest rates on FD, check new rate first appeared on Rightsofemployees.com.

Keeping the interests of the people in mind, government and private banks also keep launching attractive FD schemes. Now Punjab National Bank has also launched two new fixed deposits. Up to Rs 3 crore can be invested in these 303-day and 506-day fixed deposits.

Investors depositing money in the new FD of Punjab National Bank with a tenure of 303 days will get 7 percent interest. Similarly, the interest rate for the tenure of 506 days is 6.7 percent. These new interest rates have come into effect from January 1, 2025. Senior citizens and super senior citizens will get more interest by investing money in both these FDs. Senior citizens will be given 7.5 percent interest on the FD with a tenure of 303 days and 7.2 percent interest on the FD with a tenure of 506 days. Punjab National Bank is giving 7.85 percent interest on the FD with a tenure of 300 days and 7.5 percent interest on the FD with a tenure of 506 days to super senior citizens.

Interest for general customers from 3.50% to 7.25%

Punjab National Bank FD for general citizens from 7 days to 10 years. The bank’s interest rate is from 3.50% to 7.25%. The highest interest rate is 7.25%, which is available on FD with a tenure of 400 days. For senior citizens, PNB is offering 4% to 7.75% interest on FD for 7 days to 10 years. The highest interest of 7.75% is available on FD with a tenure of 400 days.

For super senior citizens (80 years and above), Punjab National Bank is offering interest ranging from 4.30% to 8.05% on FDs for 7 days to 10 years. Currently, the bank is offering 8.05% interest on a tenure of 400 days.

The post New Bank FD: Govt bank launches 2 new FDs, from interest to tenure, know all the important things first appeared on Rightsofemployees.com.

RBL Bank is now offering a maximum interest of 7.50% to common people and 8.50% to senior citizens. These new rates have come into effect from 15 December 2024.

RBL Bank interest rates on FD of Rs 3 crore

• 7 days to 14 days: For general public – 3.50 percent; For senior citizens – 4 percent
• 15 days to 45 days: For general public – 4.00%; For senior citizens – 4.50%
• 46 days to 90 days: For general public – 4.50 percent; For senior citizens – 5 percent
• Less than 91 days to 6 months: For general public – 4.75 per cent; For senior citizens – 5.25 per cent
• 181 days to 240 days: For general public – 5.50 percent; For senior citizens – 6 percent
• 241 days to 364 days: For general public – 6.05 percent; For senior citizens – 6.55 percent
• 365 days to 452 days: For general public – 7.50 percent; For senior citizens – 8 percent
• 453 days to 499 days: For general public – 7.80 percent; For senior citizens – 8.30 percent
• 500 days: For general public – 8.00 percent; For senior citizens – 8.50 percent
• 16 months to less than 18 months: For general public – 7.80 per cent; For senior citizens – 8.30 per cent
• 18 months to 24 months: For general public – 7.80 per cent; For senior citizens – 8.30 per cent
• Tax saving 5-year FD – 7.10 per cent; For senior citizens – 7.60 per cent

The post Fixed Deposit Rates: THIS Bank has revised the interest on FD, giving 8.50% interest first appeared on Rightsofemployees.com.

FD revised its interest rates

Due to the recent change in economic conditions, various banks have revised their FD interest rates in the month of November. This change will bring a new challenge for investors. Many private and government banks are trying to keep their FD rates competitive so that they can attract more and more investors.

Which bank gives the highest return?

In case of one-year deposits, Bandhan Bank and IndusInd Bank lead with rates of 8% and 7.75%, respectively. For three-year deposits, DCB Bank and RBL Bank offer the highest rates among private sector banks, while most other banks offer a base rate of around 7% for the same period.

Best Private Sector Bank Fixed Deposit Rates, According to Paisabazaar

1. Axis Bank

1-year: 6.70%

3-year: 7.10%

5-year: 7%

Highest rate: 7.25% (15 months – less than 2 years)

2. Bandhan Bank

1-year: 8.05%

3-year: 7.25%

5-year: 5.85%

Highest Rate: 8.05% (1 year)

3. DCB Bank

1-year: 7.10%

3-year: 7.55%

5-year: 7.40%

Highest rate: 8.05% (19-20 months)

4. HDFC Bank

1-year: 6.60%

3-year: 7%

5-year: 7%

Highest rate: 7.40% (55 months)

5. Indusind Bank

1-year: 7.75%

3-year: 7.25%

5-year: 7.25%

Highest rate: 7.75% (1-2 years)

6. RBL Bank

1-year: 7.50%

3-year: 7.50%

5-year: 7.10%

Highest rate: 8.10% (500 days)

7. Yes Bank

1-year: 7.25%

3-year: 7.25%

5-year: 7.25%

Highest rate: 8% (18 months)

These banks offer the flexibility to have FDs with and without premature withdrawal facility. However, FDs without the premature withdrawal option often offer slightly higher rates as the funds are locked for a certain period of time, allowing the bank to use these funds more effectively.

FD rates in public sector

Public sector banks such as Central Bank of India and Punjab & Sind Bank offer rates above 7% for some periods. Most banks offer higher interest rates to senior citizens, which provide them with good returns.

Top Public Sector Banks

1. Bank of Baroda

1-year: 6.85%

3-year: 7.15%

5-year: 6.80%

Highest Rate: 7.30% (400 Days – BOB Utsav)

2. Bank of Maharashtra

1-year: 6.75%

3-year: 6.50%

5-year: 6.50%

Highest rate: 7.40% (333 days)

3. Central Bank of India

1-year: 6.85%

3-year: 6.75%

5-year: 6.50%

Highest rate: 7.45% (444 days)

4. Punjab National Bank

1-year: 6.80%

3-year: 7%

5-year: 6.50%

Highest rate: 7.25% (400 days)

5. Union Bank of India

1-year: 6.80%

3-year: 6.70%

5-year: 6.50%

Highest rate: 7.40% (333 days)

Benefits to Senior Citizens

Most banks offer senior citizens a higher interest rate, usually 0.5% higher than the standard rate, offering better returns for those over the age of 60. This additional rate compensates for the often fixed-income nature of senior citizens’ investments.

Related Articles:-

Land acquisition Rules: Can the government take over your land? Know what the rules are

Aadhar Card Link Rules: It is necessary to link Aadhaar with these things, otherwise all your work will stop

Train Cancelled: Railways has cancelled trains on this route for the next few days, see the full list

The post Fixed Deposit Rates: These 12 banks are giving the highest interest on FD, check the interest rate first appeared on Rightsofemployees.com.

Good news for FD customers! Banks have started increasing fixed deposit rates or new FD schemes to attract customers. Due to increasing investment in mutual funds and decline in bank deposits, FD rates of banks and NBFCs remain at a high level. Let us tell you that RBL Bank, Federal Bank and IDBI Bank have launched special FD schemes for both general customers and senior citizens. Let us know how much interest is being given in the special FD of these banks.

RBL Bank FD

RBL Bank has announced a 500-day special FD on the occasion of Independence Day, the rates of which start from 8.1% to 8.85%. This private sector bank is offering 8.1% interest to normal FD customers booking a 500-day FD scheme. Senior citizens (above 60 years of age but below 80 years of age) will get 8.6% and super senior citizens (above 80 years of age) will get 8.85% rate on FD. Customers can book fixed deposit schemes both online and offline using the RBL Bank app or by visiting a bank branch.

Federal Bank FD

Federal Bank has also announced a special scheme on Independence Day, under which customers are being offered fixed deposit rates up to 8.05%. The bank has announced new rates for deposits with tenures of 400 days, 777 days and 50 months. Normal citizens will be offered FD rates of 7.35%, 7.40% and 7.40% respectively. Senior citizens will get 7.85%, 7.90% and 7.90% interest rates respectively on FDs of these tenures. Under the non-callable category, the bank is offering 7.5%, 7.55% and 7.55% interest rates to general citizens on FDs of tenures of 400 days, 777 days and 50 months respectively. Senior citizens will get 8%, 8.05% and 8.05% interest rates respectively on FDs of these tenures. These rates are applicable on non-callable deposits of more than Rs 1 crore.

IDBI Bank FD

IDBI Bank is offering an interest rate of 7.05% to general citizens on its special Utsav FD maturing in 300 days. Senior citizens are being offered an interest rate of 7.55% on Utsav FDs of tenure of 300 days. On a tenure of 700 days, an interest rate of 7.20% is being offered for general citizens and 7.70% for senior citizens. For Utsav FDs with tenure of 375 days, interest rates are up to 7.25% for general citizens and up to 7.75% for senior citizens. On FD schemes with tenure of 444 days, the bank now offers an interest rate of 7.35% for general citizens and 7.85% for senior citizens. The new rates will be applicable from August 15, 2024.

Related Articles:-

Income Tax Refund: Still waiting for your income tax refund? here’s what you need to do

Fixed Deposit Scheme: Invest ₹10 lakh in these FD schemes and get ₹21 lakh, know complete details

Top 10 Best Option: Here you will get up to 9.60% return, know full details

The post Special FD: These banks are offering up to 8.85% interest on limited period FDs, get FD done quickly first appeared on Rightsofemployees.com.

Union Bank of India is offering an interest rate of 3.5 percent to the general public on FDs maturing between seven to 45 days. FDs between 46 days to 90 days are now getting an interest rate of 4.50 percent. It is offering 4.80 percent interest on FDs maturing between 91 days to 180 days. FDs from 181 days to less than 1 year are getting 6.25 percent interest.

FD Rates for Senior Citizens

Senior citizens are getting an extra interest of 0.50% over and above the normal rates. The maximum interest rate given to senior citizens is 7.75 percent for 399 days.

Super Senior Citizen FD Rates

The bank is offering 0.75 percent more interest for super senior citizens. The maximum interest rate on FD of 399 days is 8 percent.

Union Bank FD Rates – Here are the interest rates for general citizens and senior citizens

The post Union Bank of India has revised the FD interest rates – check details first appeared on Rightsofemployees.com.

Private sector bank Yes Bank recently revised the interest rates on Fixed Deposit. The bank has increased the interest rates on FDs with certain periods on FDs less than Rs 2 crore. Yes Bank has implemented these rates from 30 May 2024. Yes Bank is now offering interest rates between 3.25% to 7.75% to general citizens and 3.75% to 8.50% to senior citizens on FDs maturing in seven days to ten years. The bank has revised the interest rates on FDs maturing in one year and FDs maturing in one year to 18 months.

Also Read: RBI released Annual Report 2023-2024, most frauds are happening in this sector and category

New rates on Yes Bank FDs – These rates are available on FDs of less than Rs 2 crore.

7 days to 14 days: 3.25 per cent (general public)/ 3.75 per cent (senior citizens)

15 days to 45 days: 3.70 per cent (general public)/ 4.20 per cent (senior citizens)

46 days to 90 days: 4.10 per cent (general public)/ 4.60 per cent (senior citizens)

91 days to 120 days: 4.75 per cent (general public)/ 5.25 per cent (senior citizens)

121 days to 180 days: 5 per cent (general public)/ 5.50 per cent (senior citizens)

181 days to 271 days: 6.10 percent (general public)/ 6.60 percent (senior citizens)

272 days to less than 1 year: 6.35 per cent (general public)/ 6.85 per cent (senior citizens)

One year: 7.25 per cent (general public)/ 7.75 per cent (senior citizens)

1 year to 18 months: 7.25 per cent (general public)/ 7.75 per cent (senior citizens)

18 months: 8 per cent (general public)/ 8.50 per cent (senior citizens)

18 months to less than 24 months: 7.75 per cent (general public)/ 8.25 per cent (senior citizens)

24 months 1 day to less than 36 months: 7.25 per cent (general public) / 7.75 per cent (senior citizens)

36 months to 60 months: 7.25 per cent (general public)/ 7.75 per cent (senior citizens).

60 months: 7.25 per cent (general public)/ 8 per cent (senior citizens)

60 months 1 day to 120 months: 7 per cent (general public)/ 7.50 per cent (senior citizens)

The post Fixed Deposit Rates: Yes Bank has implemented these new FD rates from May 30, 2024 first appeared on Rightsofemployees.com.

FD Rates: If you are a senior citizen and looking for investment options then FD scheme can be a good option. We are telling you about top-5 such banks in which you can get strong returns by investing FD.

HDFC Bank is offering 7.10 percent interest to senior citizens on tenures ranging from one year to 15 months. At the same time, the bank is offering 7.60 percent interest rate on FD scheme of 15 to 18 months and 7.50 percent interest rate on FD scheme of 18 months to 2 years and 11 months.

ICICI Bank is offering 7.25 percent interest rate to senior citizens on FD scheme of one year to 15 months and 7.05 percent interest rate on FD scheme of 15 months to 2 years.

State Bank of India, the country’s largest bank, is offering FD scheme of one year to two years at 7.30 percent interest rate to its customers. Whereas for 2 to 3 years FD scheme, 7.5 percent interest is being offered by the bank. Under Amrit Kalash Scheme, the bank is offering 7.60 percent interest rate to senior citizens on 400 day FD scheme.

Bank of Baroda is offering 7.35 percent interest rate on FD scheme to senior citizens for 1 to 2 years. At the same time, the bank is offering 7.75 percent interest rate on FD scheme of 2 to 3 years.

Big private sector bank Kotak Mahindra Bank is offering 7.65 percent interest rate on 390 day FD scheme. Whereas the bank is offering 7.80 percent interest rate on 23 month FD scheme.

The post FD Rates: These top-5 banks are giving highest interest to senior citizens, check the complete list here first appeared on Rightsofemployees.com.

Fixed Deposit Rates: Under Amrit Kalash Scheme, the bank is offering 7.10 percent interest rate to general customers and 7.60 percent interest rate to senior citizens on 400 day FD scheme.

However, do you know that there are many other government banks which are offering higher interest rates to their customers than SBI. Let us know about those banks. This list has been made on the basis of research by Paisa Bazaar.com.

Bank of Baroda is giving 7.25 percent interest to general customers and 7.75 percent interest to senior citizens on FD of 2 to 3 years.

Punjab National Bank is giving 7.25 percent interest rate to general customers on 444 day special FD scheme and 7.75 percent interest rate on FD to customers above 60 years of age.

Punjab Sindh Bank is offering a strong interest rate of 7.40 percent to general customers and 7.90 percent to senior citizens on a tenure of 444 days.

Big public sector bank Canara Bank is offering 7.25 percent interest rate to general customers and 7.75 percent interest rate to senior citizens on 444 day FD scheme.

The post FD Rates: Highest interest on FD is available in these government banks, see the complete list first appeared on Rightsofemployees.com.

However, after the decision of the Reserve Bank of India (RBI) to stop the increase in repo rate, banks have stopped increasing FD rates. In the month of September, Kotak Mahindra Bank, Axis Bank and IDBI Bank have changed their FD rates.

Kotak Mahindra Bank FD Rates

Kotak Mahindra Bank has revised the interest rates of its fixed deposits. After this change in interest rates, Kotak Bank is giving 2.75% to 7.25% interest to general customers on FD of 7 days to 10 years. At the same time, the bank is giving 3.25% to 7.75% interest to its senior citizen customers on the same time period. The increased new interest rates are applicable from September 13, 2023.

Axis Bank FD Rates

Axis Bank has changed the interest rates on its fixed deposits. According to the official website of the bank, these rates are applicable from September 18, 2023. Axis Bank is offering 3% to 7.10% interest to its general citizens and 3% to 7.75% interest to its senior citizen customers.

IDBI Bank interest rates

IDBI Bank has also revised its fixed deposit rates. According to the bank’s website, these rates are effective from September 15, 2023. IDBI Bank is giving 3% to 6.8% interest on FD of 7 days to 5 years to general customers and 3.5% to 7.3% interest to senior citizen customers.

Disclaimer: Only information about share performance is given here, it is not investment advice. Investing in stock market is subject to risk and please consult your advisor before investing.

The post Bank FD rates: Kotak, Axis, IDBI Bank revises fixed deposit rates. Details here first appeared on Rightsofemployees.com.

At present, the RBI has kept the interest rates stable in the current financial year in the meeting of the Monetary Policy Committee (MPC) on Thursday. At present, from private to government, small finance banks, foreign banks and small private banks are offering fierce interest on all FDs. Today, here we are telling you about the interest rate of top 10 banks on FD for a period of three years.

If you are going to invest in FD for higher interest, then you can invest in these FDs, by investing in which you can avail good interest. FD is not only a safe investment option but now it has also become a source of good returns. Banks have increased the interest rates of FD significantly.

1. HDFC Bank is offering interest rates ranging from 3.00% to 7.25% on FDs ranging from 7 days to 10 years to its general customers.

2. ICICI Bank is offering interest rates ranging from 3.00 per cent to 7.60 per cent on FDs ranging from 7 days to 10 years on FDs of less than Rs 2 crore to its general customers.

3. State Bank of India is offering its customers an interest rate of 3.00% to 7.10% on FDs of 7 days to 10 years on FDs of less than 2 crores.

4. Axis Bank is offering 3.50 to 7.85 percent interest rate on FDs of less than Rs 2 crore to its general customers. This interest is being offered on FDs ranging from 7 days to 10 years.

5. Bank of Baroda (BOI) is offering interest rate ranging from 3.00 per cent to 7.25 per cent on its FDs ranging from 7 days to 10 years. The bank is offering these rates to general customers on deposits of less than Rs 2 crore.

6. PNB is offering interest rate ranging from 3.50% to 7.50% on its FDs ranging from 7 days to 10 years. The bank is offering these rates to general customers on deposits of less than Rs 2 crore.

7. Union Bank is offering interest rate ranging from 3.00% to 7.00% on its FDs ranging from 7 days to 10 years. The bank is offering these rates to general customers on deposits of less than Rs 2 crore.

8. Canara Bank is offering interest rate ranging from 4.00 percent to 7.25 percent on its FDs ranging from 7 days to 10 years.

9. Kotak Mahindra Bank is offering interest rates ranging from 2.75 per cent to 7.20 per cent on its FDs ranging from 7 days to 10 years.

10. Yes Bank is offering interest rate ranging from 3.25% to 7.50% on its FDs ranging from 7 days to 10 years.

The post Fixed Deposit Rates: Top 10 banks of the country are giving the highest interest on FD, check the interest rate before investing money first appeared on Rightsofemployees.com.

On the other hand, the condition of China’s economy may not be so bad but the condition is not very good either. The world has high hopes from the Indian economy. But if the situation in the world worsens or becomes uncontrollable, then it is bound to affect Indians as well. In such a situation, people who want a safe return on their investment are turning to the bank. Let’s talk about the returns the three big government banks of the country are giving on deposits.

At what time, how much interest is being given in SBI Bank

Let’s talk about SBI Bank first. Interest is being given at different rates on Fixed Deposit ie Fixed Deposit in SBI Bank . Here, common citizens are being given interest at the rate of 3 percent per annum on deposits for 7-45 days, whereas for senior citizens, this interest rate is being given at the rate of 3.50 percent per annum. SBI is giving 4.50 percent rate of interest to common citizens on deposits from 46 days to 179 days. While in the same period, senior citizens are being given interest at the rate of 5 percent.

Here interest is being given at the rate of 5.35 percent to common citizens and 5.88 percent to senior citizens on the amount deposited for 180 – 210 days. On deposits ranging from 211 days to one year, interest is being given at the rate of 5.88 percent per annum to common citizens and 6.40 percent to senior citizens. Apart from this, interest is being given at the rate of 6.98 and 7.50 for common citizens and senior citizens respectively on deposits from one year to two years.

In this sequence, in the interest rate available in SBI, interest is being given at the rate of 7.19 percent and 7.71 percent on FDs of two years to three years. For deposits of three to five years, interest is being given at the rate of 6.66 percent to the common citizen and 7.19 percent to the senior citizen. On deposits from 5 years to 10 years in SBI, the common citizen is being given interest at the rate of 6.66 percent while senior citizens are being given interest at the rate of 7.71 percent per annum.

SBI has also prepared a special deposit scheme of 400 days. This scheme has been named Amrit Kalash. Under this scheme, interest is being given to the common citizen at the rate of 7.29 percent per annum on the deposited amount, while interest is being given to the senior citizens at the rate of 7.82 percent per annum.

Information on interest rates on FD in PNB Bank

Now let’s talk about PNB Bank. PNB Bank is giving interest rate according to the time of deposit to the FD depositors. According to the bank’s site, common citizens will be given interest at the rate of 3.50 percent on deposits of 7-14 days, while senior citizens will be given 4 percent interest and super senior citizens at the rate of 4.30 percent for the same period. PNB Bank offers interest at the same rate on deposits of 15-29 days and deposits of 30-45 days.

At the same time, on deposits of 46-90 days, PNB gives interest at the rate of 4.30 per cent per annum to general depositors, 5.00 per cent to senior citizens and 5.30 per cent to super senior citizens. The same rate of interest is also given on deposits of 91-179 days.
On deposits of 180-270 days, PNB is paying interest at the rate of 5.50 per cent per annum to general depositors, 6.00 per cent to senior citizens and 6.30 per cent to super senior citizens. Also, on depositing for a period of 271 days to less than one year, the bank is giving interest at the rate of 5.80 percent to the common citizen and 6.30 percent to the senior citizens and 6.60 to the super senior citizens.

PNB is paying interest at the rate of 6.80 percent per annum to ordinary citizens for depositing for one year. At the same time, interest is being given to senior citizens at the rate of 7.30 percent. Along with this, super senior citizens are being given interest at the rate of 7.60 percent for this period.

On deposits of one year to 443 days, interest is being given to PNB at the rate of 6.80, 7.30 and 7.60 percent respectively in the above categories. Interest is being given at the rate of 7.25, 7.75 and 8.05 percent respectively on deposits of 444 days. Presently this rate is the highest interest rate offered by PNB at any point of time.

Interest Rate on Fixed Deposit in Bank of Baroda

After the interest rates available in SBI and PNB, now let’s talk about the interest rates available in Bank of Baroda . Bank of Baroda had announced new interest rates on the 12th of this month for those who deposit their money here. According to this announcement, on deposits of 7-14 days, the bank is giving three per cent interest per annum to common citizens and 3.50 per cent per annum to senior citizens. Here interest is being given at this rate on FDs of 15-45 days. 4.50 percent interest is being given to common citizens and 5.00 percent to senior citizens on deposits of 46-90 days. The same interest rate has been kept on deposits of 91-181 days.

On deposits of 181-210 days, Bank of Baroda is paying interest at the rate of 5.25 percent to common citizens while it is paying interest at the rate of 5.75 percent to senior citizens. On the other hand, Bank of Baroda is paying interest at the rate of 5.75 percent on deposits of 211 to 270 days and is paying interest at the rate of 6.25 percent to senior citizens. The bank is also giving the same interest rate on deposits of less than 271 to one year respectively.

Bank of Baroda is giving returns on FDs at an interest rate of 6.75 and 7.25 on a one-year deposit. The bank is giving this interest rate on deposits of 400 days from one year. The bank is also offering the same rate of interest on deposits ranging from 400 days to two years. On deposits ranging from two years to three years, the bank is paying interest at the rate of 7.05 to common citizens and 7.55 to senior citizens. On deposits ranging from three years to five years, the bank is paying interest at the rate of 6.50 per cent to common citizens while it is paying interest at the rate of 7.15 per cent to senior citizens.

Bank of Baroda is paying interest at the rate of 6.50 per annum on deposits for five to 10 years, while giving interest at the rate of 7.50 per annum to senior citizens. Under Baroda Tricolor Plus Deposit Scheme, a special scheme of Bank of Baroda, the bank is paying interest at the rate of 7.25 percent to common citizens and 7.75 percent to senior citizens.

Now you can see which bank is paying how much interest for which period in these three banks. Also, who is paying the highest interest.

The post SBI, PNB and BoB Bank presented new fixed deposit rates, know here first appeared on Rightsofemployees.com.

But, now two PNB and Axis Bank have reduced the interest rates (Fixed Deposit Rates) on select tenure FDs instead of increasing them. In such a situation, if you are planning to invest in FD, then it will be necessary to understand the latest interest rates and tenure properly, so that the expectation of higher returns can be fulfilled.

PNB has reduced the interest rate on FD of 666 days

Punjab National Bank ( PNB Latest FD Rates) has reduced the interest rate on FDs with tenure of 666 days for all types of investors including general investors from May 18. The bank has cut interest rates (PNB Reduced FD interest rates) for regular citizens and senior citizens and NRE investors on FDs maturing in 666 days.

The bank has reduced the interest rate for ordinary citizens from 7.25 per cent to 7.05 per cent on FDs of 666 days. On this tenure, the bank has reduced the interest rate for senior citizens from 7.75 per cent to 7.55 per cent. At the same time, the bank has reduced the interest rate for NRE customers from 7.25 percent to 7.05 percent.

Axis Bank reduced interest rates on FDs of many tenures

Axis Bank ( Axis Bank FD Interest Rates) has reduced interest rates (FD Interest Rates) by 20 basis points on fixed deposits of many tenures with deposits less than Rs 2 crore. The new FD interest rates have been made effective from 18 May 2023. Axis Bank is offering interest rates ranging from 3.5 per cent to 7.10 per cent on FDs for tenures ranging from 7 days to 10 years.

1. Axis Bank has reduced the interest rate on fixed deposits maturing in one year to one year and four days by 5 basis points, after which now the interest rate has come down by 0.20 per cent to 6.75 per cent.
2. The bank has reduced 20 basis points on FDs maturing in one year, 5 days to less than 13 months, after which the interest rate has been reduced to 6.80 percent. Earlier 7.10 percent interest rate was being given on this tenure.
3. Axis Bank has reduced 5 basis points on FDs of tenure less than 13 months and two years. Now on this tenure, the bank will give 7.10 percent interest rate to the investors, which was earlier 7.15 percent.
4. Axis Bank has slashed 15 basis points on FDs of tenure less than 2 years to 30 months, after which the interest rate has come down from 7.20 per cent to 7.05 per cent.

The post Fixed Deposit Rates Reduced: Fixed deposit rates reduced by PNB and axis bank specific tenures, details here first appeared on Rightsofemployees.com.

The bank is now offering interest ranging from 2.80% to 6.25% on deposits maturing in 7 days to 10 years which is. While the maximum interest rate on fixed deposits maturing in 601 days is 7.25% for general public, 7.75% for senior citizens and 8.10% for very senior citizens. The rate of interest is applicable on all Fixed Deposits under the Capital Gain Account Scheme of 1988, Domestic Term Deposit, NRO Account, Capital Gain Account, Recurring Deposit Plan and PSB Fixed Deposit Tax Saver Plan.

As per the official website of the bank, the latest FD rates are effective from 21/02/2023. On fixed deposits maturing in 7 – 30 days, the bank is offering an interest rate of 2.80% while on FDs maturing in 31 – 45 days, the bank will now offer an interest rate of 3.00%. Punjab and Sind Bank (PSB) will offer an interest rate of 4.75% on deposits of 46-90 days and 5.10% on deposits of 91 days to 179 days.

Know when customers will get interest of more than 8%

Interest rate will now be 6.10% on deposits maturing in 180 days to 364 days, while those maturing in 1 year – 2 years will now get 6.40% interest rate. For deposits maturing in 2 years to more than 3 years, the bank will pay an interest rate of 6.75%. Punjab and Sind Bank (PSB) will now offer an interest rate of 6.25% on deposits of 3 to 10 years. Senior citizens will be given the benefit of additional interest of 0.50% on fixed deposits of less than Rs 2 crore.

Special FD Schemes

Punjab and Sind Bank (PSB) also offers special fixed deposit schemes with different tenures of 300 days, 601 days and 1051 days. On 300 days fixed deposit scheme, Punjab and Sind Bank (PSB) will get an interest rate of 5.25%, senior citizens will get an interest rate of 5.75% and very senior citizens will get an interest rate of 6.10%. On PSB Fabulous Plus 601 Days Fixed Deposit Scheme, regular customers of Punjab and Sind Bank (PSB) will get an interest rate of 7.00%, senior citizens will get an interest rate of 7.50% and super senior citizens will get an interest rate of 7.85%.

The post Special FD Plan: Super-duper returns are also available on FD, customers can avail more than 8% interest first appeared on Rightsofemployees.com.

FD rates hiked by 5 to 30 bps

According to the bank’s website, Punjab National Bank (PNB) has increased interest rates on select FDs by up to 30 basis points (bps). Interest rates have been increased in the range of 5 to 30 bps. For deposits maturing between 271 days and less than 1 year, the bank has increased the interest rate for regular citizens by 30 bps from 5.50% to 5.80%.

Interest rate on FD of 2 to 3 years increased by 25 bps

FDs maturing in one year to 665 days were increased by 5 bps to 6.80%. Similarly, the interest rate on FDs with maturity in 667 days and 2 years has been increased by 5 bps to 6.80%. Punjab National Bank has increased the FD rates maturing between 2 years and 3 years by 25 bps and the interest rate has increased from 6.75% to 7%.

PNB FD interest rate for senior citizens

PNB has increased the interest rate by 30 basis points from 6% to 6.30% for senior citizens with tenure of 271 days to less than 1 year. The bank has increased the interest rate on deposits maturing in 1 year and 665 days by 5 bps to 7.30%. FDs maturing in 667 days and 2 years increased the interest rate by 5 bps to 7.30%. PNB has increased the interest rate on fixed deposits maturing between 2 years to 3 years from 7.25% to 7.50%.

Interest rate on FD for super senior citizens

The bank has increased the interest rate by 30 bps from 6.30% to 6.60% for super senior citizens with tenure of 271 days to less than 1 year. The bank increased the deposit rates for 1 year to 665 days and 667 days to 2 years by 5 bps to 7.60%. Punjab National Bank has increased the interest rate from 7.55% to 7.80% on FDs of more than 2 years and up to 3 years. Let us tell you that people in the age group of 60 to 80 years are senior citizens, while people of 80 years and above are super senior citizens.

The post PNB Hikes Fixed deposit rates: PNB has Increased interest rates on FD by up to 0.30%, check latest interest rates first appeared on Rightsofemployees.com.

Bandhan Bank FD Rates 2023: If you want to earn good interest by investing your hard earned money at the right place, then you can invest in the Bank FD Scheme. Private sector Bandhan Bank has increased its fixed deposit ie FD interest rates (FD Rate Hike) by 0.50 percent. Know how much the bank has increased.

Senior citizens will get 8.5 percent interest

Bandhan Bank said on Monday that now senior citizens will get the benefit of 8.5 per cent interest and common customers will get 8 per cent interest on making fixed deposits in the bank. After increasing the interest, now senior citizens will get interest at the rate of 8.5 per cent and other citizens at the rate of 8 per cent per annum on bank fixed deposits (FD) of 600 days duration. Similarly, the interest rate on fixed deposits with a tenure of 1 year has been increased to 7 percent. This means that now senior citizens will be able to get the benefit of 0.5 percent additional interest in Bandhan Bank. The bank has implemented these new rates from today.

RBI had increased the repo rate

A meeting of the Monetary Policy Committee is organized by the Reserve Bank of India (RBI) to decide the repo rate. Last year on 2022, RBI had increased the repo rate. The result of this is that banks had increased the rates of fixed deposits. After this, the interest rates of home loans and personal loans were also increased in banks.

These banks also increased interest

Earlier, IDFC FIRST Bank had increased the interest rates of fixed deposits. In this bank, senior citizens are getting 8% interest on fixed deposits with a tenure of 18 months to 3 years. The same Jana Small Finance Bank had also announced to increase the interest rates on its FDs. Jana Bank is now paying up to 8.10 percent interest on FDs with a tenure of more than 2 years. At the same time, senior citizens are getting 8.80 percent interest in this FD.

The post Fixed Deposit Rates: Now this bank has increased the interest rate on fixed deposits, know how much you will get now first appeared on Rightsofemployees.com.

Benefits of Post Office FD

Investing in Post Office FD gives you many benefits. The most important thing is that in this you will get government guarantee along with returns. Here you get the facility of interest on quarterly basis. Investing in an FD at the post office is very easy. You can get FD done in the post office for different tenures including 1, 2, 3 or 5 years.

Indian Post Office Department, Ministry of Communications, Government of India offers fixed deposit accounts that offer attractive interest rates with tenors ranging from 1 year to 5 years. Interest is payable annually, with a minimum deposit amount of Rs 1,000 and no maximum limit.

Post Office Fixed Deposit Rates

deposit period Post Office FD Rates (per annum)
1 year 5.50%
2 years 5.50%
3 year 5.50%
5 years 6.70%

Post Office FD Rate Interest rates are subject to change as per requirement. These interest rates are effective from 1st April 2020.

5 Year Fixed Deposit Rates for Tax Saving Post Office 

If you open a Fixed Deposit (FD Account) with the Post Office for a period of 5 years, you will be eligible to claim tax benefits under Section 80C of the Income Tax Act, 1961.

tenure Regular Post Office FD Rates (per annum)
60 months 6.70%

Post Office FD Interest Rates are subject to change as per requirement. These interest rates are effective from 1st April 2020.

Post Office Time Deposit Account 

Post Office Fixed Deposit Account (TD) account, also known as Post Office Fixed Deposit (FD) account can be opened with a minimum of Rs 1,000 in multiples of Rs 100 without any limit .

Key Features of Post Office FD Interest Rates

Highest Post Office TD Interest Rate : 6.70% per annum for 5 years tenure
Range of interest rates: 5.50% p.a. to 6.70% p.a.
Rate of interest for tenure of 1 year: 5.50% p.a.
Rate of interest for tenure of 2 years: 5.50% p.a.
Rate of interest for tenure of 3 years: 5.50% p.a.

Who Can Open a Fixed Deposit Account

Fixed Deposit Account can be opened in India Post:

a single adult
Maximum three adults (in case of joint account)
A minor who is more than 10 years of age
A guardian on behalf of a person who is a minor or a person of unsound mind

The post Post Office FD Rates Increased: Big news! Post Office released new FD rates, check new rates here instantly first appeared on Rightsofemployees.com.

A depositor can choose the FD tenure in Axis Bank from a minimum tenure of 7 days to a maximum of 10 years. The rates on bulk FDs have also been increased from Rs 2 crore to Rs 100 crore and above.

Increase in FD of general category-

Axis Bank’s highest rate for general category on FDs below Rs 2 crore is 5.75 per cent for 1 year 11 days to 1 year 25 days, and 5 years to 10 years.

It is offering 5.70 per cent rate on FDs with tenures ranging from 2 years to less than 5 years. The FD rate from 1 year 25 days to less than 2 years is 5.60 percent. The rate is 5.45 per cent on tenure of 1 year and 11 days less than one year. Apart from this, the FD rate of 9 months to less than 1 year is 4.75 percent.

The interest rate on FDs ranging from 6 months to less than 9 months is 4.65 percent, while on FDs of 3 months to less than 6 months, the interest rate is 3.75 percent. On FDs ranging from 30 days to less than 3 months, the rate is 3.25 per cent, and the rate is 2.75 per cent on tenures of 7 days to 29 days.

FD rate for senior citizens-

On FDs below Rs 2 crore, the bank is offering the highest interest rate of 6.50 per cent on tenures of 1 year 11 days to 1 year 25 days, and 5 years to 10 years. The rate for 2 years to less than 5 years is 6.45 per cent. In addition, the rate is 6.35 per cent for tenures ranging from 1 year 25 days to less than 2 years.

Axis Bank is offering 6.20 per cent rate on FDs of less than 1 year and 11 days, while interest rate on FDs of 9 months to less than 1 year is 5 per cent.

The interest rate on FDs from 6 months to less than 9 months is 4.90 percent. Apart from this, 3.75 percent interest is being given on FDs ranging from 3 months to less than 6 months.

The rate on FDs ranging from 30 days to less than 3 months is 3.25 percent. Axis Bank is offering 2.75 percent interest rate on the smallest FD from 7 days to 29 days.

The post Axis Bank customers Good News, New interest rates applicable from today first appeared on Rightsofemployees.com.

Benefits of Post Office FD

Investing in Post Office FD gives you many benefits. The most important thing is that in this you will get government guarantee along with returns. Here you get the facility of interest on quarterly basis. Investing in an FD at the post office is very easy. You can get FD done in the post office for different tenures including 1, 2, 3 or 5 years.

Indian Post Office Department, Ministry of Communications, Government of India offers fixed deposit accounts that offer attractive interest rates with tenors ranging from 1 year to 5 years. Interest is payable annually, with a minimum deposit amount of Rs 1,000 and no maximum limit.

Post Office Fixed Deposit Rates

deposit period Post Office FD Rates (per annum)
1 year 5.50%
2 years 5.50%
3 year 5.50%
5 years 6.70%

Post Office FD Rate Interest rates are subject to change as per requirement. These interest rates are effective from 1st April 2020.

5 Year Fixed Deposit Rates for Tax Saving Post Office 

If you open a Fixed Deposit (FD Account) with the Post Office for a period of 5 years, you will be eligible to claim tax benefits under Section 80C of the Income Tax Act, 1961.

tenure Regular Post Office FD Rates (per annum)
60 months 6.70%

Post Office FD Interest Rates are subject to change as per requirement. These interest rates are effective from 1st April 2020.

Post Office Time Deposit Account 

Post Office Fixed Deposit Account (TD) account, also known as Post Office Fixed Deposit (FD) account can be opened with a minimum of Rs 1,000 in multiples of Rs 100 without any limit .

Key Features of Post Office FD Interest Rates

Highest Post Office TD Interest Rate : 6.70% per annum for 5 years tenure
Range of interest rates: 5.50% p.a. to 6.70% p.a.
Rate of interest for tenure of 1 year: 5.50% p.a.
Rate of interest for tenure of 2 years: 5.50% p.a.
Rate of interest for tenure of 3 years: 5.50% p.a.

Who Can Open a Fixed Deposit Account

Fixed Deposit Account can be opened in India Post:

a single adult
Maximum three adults (in case of joint account)
A minor who is more than 10 years of age
A guardian on behalf of a person who is a minor or a person of unsound mind

The post Post Office FD Rates Increased: Big news! Post Office released new FD rates, check new rates here instantly first appeared on Rightsofemployees.com.

This bank is offering interest up to 7.1% on term deposits above Rs 2 crore with tenures of 2-3 years and 3-5 years. Under non-callable deposits, premature withdrawal is not allowed. “The interest on these deposits will be calculated on a quarterly compounded basis for deposits with tenor of 6 months and above,” the USFB said in a statement. The bank further said that non-callable deposits are not for senior citizens.

8.15% interest to senior citizens and benefits to people above 60 years of age-

USFB had earlier revised its FD rates for retail investors with effect from 6 July 2022. It is currently offering 8.15% interest to senior citizens for a tenure of 2-3 years and 3-5 years. For customers below 60 years of age, USFB offers a maximum interest of 7.65% on FDs of 2-3 years and 3-5 years.

IDBI Bank New FD Rate –

The bank is now offering the highest rate of 6.55% on select tenors. The bank has also introduced a limited tenor special 500 days deposit under the Amrit Mahotsav FD scheme, which offers a maximum rate of 6.70. Amrit Mahotsav offer is a limited offer available till 30th September, 2022.

ICICI FD Rate Revised –

Last week, ICICI Bank revised fixed deposit rates for select tenors. The private sector bank has fixed rates between 5.50% and 6.10% on retail fixed deposits for one year to five years, with rates on one year deposits being 5.50%.

The post Senior Citizens FD Rate: This bank is giving 8% interest on FD to senior citizens, check details immediately first appeared on Rightsofemployees.com.

Explain that since the decision of the Reserve Bank of India to increase the repo rate, banks are continuously increasing their FD rates, Saving Bank Account and RD Rates. Now the name of Bank of Maharashtra and Punjab and Sind Bank has also been included in this list.

RBI increased FD rates thrice for three months Let us tell you that Reserve Bank of India is continuously increasing its repo rate to control inflation in the country. In the months of May and June, the central bank increased the repo rate. At present the repo rate is 5.40%.

Due to the increase in the Repo Rate, customers are getting a higher interest rate on deposits, but at the same time the interest rate on loans is increasing. This is also increasing the EMI burden on the customers. Let us give you information about the latest FD rates of Bank of Maharashtra and Punjab and Sind Bank.

Bank of Maharashtra’s interest rate on FD less than Rs 2 crore-

• 7-30 days- 2.75%
• 31-45 days- 3.00%
• 46-90 days- 3.50%
• 91-119 days- 3.75%
• 120-180 days- 3.90%
• 181-270 days- 4.25%
• 271-364 days – 5.00%
• 1 year – 5.40%
• 1-2 years – 5.40%
• 2-3 years – 5.40%
• 3-5 years – 5.40% Above
• 5 years – 5.40%

Interest rate on FD of less than Rs 2 crore in Punjab and Sindh-

• Up to 7-14 days- 2.80%
• 15-30 days- 2.80%
• 31-45 days- 3.00%
• 46-90 days- 3.80%
• 91-120 days- 3.95%
• 121-150 days- 4.00%
• 151-179 days- 4.00%
• 180-269 days – 4.50%
• 270-364 days – 4.65% up to
• 1-2 years – 5.65%
• 2-3 years – 5.80%
• 3 years to 5 years – 5.75%
• 5 to 10 years – 5.75%

The post FD Rates Increased: Public sector banks released new list of FD rates, Know how much increased first appeared on Rightsofemployees.com.

These are said to have high returns, but they carry high risk. In such a situation, instead of investing in them, now they are preferring to invest in bank FDs. Recently RBI has decided to increase the repo rate. Since then, all government and private sector banks are continuously increasing the interest rate on their savings accounts and fixed deposit accounts.

Many big banks of the country like State Bank of India, Punjab National Bank, HDFC Bank, ICICI Bank etc. have decided to increase their FD interest rates. have taken. So let us tell you about the interest rates from Rs 2 crore to the customers by PNB, SBI, HDFC Bank-

PNB FD interest rate 

7 days to 14 days – 3.00 percent
from 15 days to 29 days – 3.00 percent
from 30 days to 45 days – 3.00 percent
from 46 days to 90 days – 3.25 percent
from 91 days to 179 days – 4.00 percent
from 180 days to 270 days Till – 4.50 per cent
271 days to less than
1 year –4.50 per cent 1 year-5.30 per cent
1 to 2 years-5.30 per cent
2 to 3 years-5.50 per cent
3 to 5 years-5.50 per cent
5 to 10 years-5.60 per cent

SBI FD interest rate

7 days to 45 days – 2.90 per cent  
from 46 days to 179 days – 3.90 per cent
from 180 days to 210 days – 4.40 per cent
from 211 days to 1 year – 4.60 per cent
from 1 year to less than 2 years – 5.30 per cent
from 2 years to 3 Less than years – 5.35 per cent
3 years to less than 5 years – 5.45 per cent
5 years to 10 years – 5.50 per cent

HDFC Bank FD interest rate

7 days to 14 days – 2.75 per cent
from 15 days to 29 days – 2.75 per cent
from 30 days to 45 days – 3.25 per cent
from 46 days to 60 days – 3.25 per cent
from 61 days to 90 days – 3.25 per cent
from 91 days to 6 months Till – 3.75 per cent
6 months 1 day to 9 months – 4.65 per cent
9 months 1 day to 9 months – 4.65 per cent
1 year to 5.35 per cent
1 year 1 day to 2 years – 5.35 per cent
2 years 1 day to 3 years – 5.50 per cent
3 years 1 day to 5 years – 5.70 per cent
5 years 1 day to 10 years – 5.75 per cent

The post Fixed Deposit Rates: FD rates have increased, know how much interest is available in SBI, PNB and HDFC Bank first appeared on Rightsofemployees.com.