Banks are quite popular among people for investing money. Whenever it comes to investing, most people invest their money in bank FDs. The biggest reason for this is that the money invested in FDs is safe. The returns received are also good and already fixed.

This is the reason why most people prefer to invest their money in FDs. FDs are offered to their customers by different banks of the country. The interest rates of these FDs are different. The interest rates of FDs also vary according to the period.

If you also use bank FD to invest your money , then you should invest your money in the FD of a bank that offers you the highest interest rate of return. Today we will tell you about such an FD of the country’s largest government bank, State Bank of India i.e. SBI , in which you will get the highest interest rate of return. Let’s know.

SBI FD

SBI offers many types of FDs to its customers with different tenures but it is best to invest in SBI’s FDs with tenures ranging from 2 years to 3 years. The reason for this is the interest received on this FD. In SBI’s FDs with tenures ranging from 2 years to 3 years, general citizens are getting a return of 6.90 percent and senior citizens are getting a return of 7.40 percent.

This way you will get profit of up to Rs 30,000

If you invest Rs 200000 in SBI’s FD with a tenure of 2 years to 3 years, then you will get a total of Rs 2,29,325 on maturity. On the other hand, senior citizens will get a total of Rs 2,31,589 on maturity.

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Apart from this, the bank had also said that even if there is no balance in the account then the account will become inactive.

This means that if you have not done any transaction of any kind in your PNB bank account for the last three years, then your account would have been closed from June 1, 2024. Apart from this, if there is no money in your account for a long time i.e. the account balance is zero, then also the account would have become inactive.

The accounts of these account holders will remain active

According to the notice of PNB, the bank has given concessions to some special account holders. If an account holder has a locker or a Demat Account in PNB, then his account will not be closed. That is, even if the account holder has not done any transaction for three years, his account will remain active.

At the same time, the accounts of those account holders who opened accounts to take advantage of the government scheme will also not be deactivated. Apart from this, the accounts of customers below 25 years of age will also remain active.

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If the bank account of any account holder is frozen on the orders of the court, income tax department or any other legal institution, then in such case the bank account will not be closed.

Why did the bank take this decision

According to the bank, many people used to misuse such inactive accounts. In such a situation, keeping in mind the security of the account, the bank has taken this decision.

The bank said that after this decision, inactive accounts cannot be used for illegal activities like fraud or money laundering.

how to activate inactive account

If your PNB account becomes inactive, then to activate it again you will have to go to the nearest branch of the bank. Here you will have to submit the KYC documents required to activate the bank account.

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SBI’s MCLR

Overnight: 8 percent
One month: 8.15 percent
Three months: 8.15 percent
Six months: 8.45 percent
One year: 8.55 percent
Two years: 8.65 percent
Three years: 8.75 percent

What is MCLR?

This is the minimum rate at which banks can give loans to their customers. The benchmark one-year MCLR is used to determine interest rates on loans like auto, personal and home.

Let us tell you that State Bank of India is the largest bank in terms of assets, deposits, branches, customers and employees. The home loan portfolio of the bank is more than Rs 6.53 lakh crore. SBI’s market share in home loans and auto loans is 33.4% and 19.5% respectively. SBI has a large network of 22,405 branches and 65,627 ATMs in India. The number of its customers is more than 44 crores.

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The central bank said in a statement that a statutory inspection was carried out on the basis of the bank’s details as on March 31, 2021. The central bank had conducted an investigation in July 2020 after receiving a complaint of major fraud from another bank.

After investigation, it was found that the bank could not link the interest on ‘floating rate’ based retail loans and loans given to MSMEs to the external benchmark. Also, during the financial year 2020-21, it could not even link the interest on the floating rate based rupee loan with its Marginal Cost of Lending Rate (MCLR).

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The RBI said the bank opened several savings deposit accounts in the name of ineligible entities, entered fake mobile numbers in several credit card accounts and deposited deposits under the Daily Deposit Scheme and 24 months after account opening. Interest was not paid on premature withdrawal of Rs.

The Reserve Bank said that the bank charged the SMS service from the customers, which was not based on its actual usage. The bank also failed to do customer due diligence on transaction basis.

RBI said, after sending a notice to the bank, it was asked to show cause why the penalty should not be imposed on it. After this, RBI has taken this action after considering the written and oral reply of the bank.

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Bank of Baroda has now increased the interest rates. If you have also made FD in this bank, then you will get the benefit of more interest. Let us tell you that the bank has increased the interest rates on its Baroda Tiranga Plus Deposit Scheme (Baroda Tiranga Plus Deposit Scheme), whose duration is 399 days.

Interest rates applicable from May 12

If you get an FD of less than Rs 2 crore, then it is giving the benefit of interest to the common citizens at the rate of 7.25 per cent to 7.75 per cent. The new rates have been implemented by the bank from May 12. The bank has increased the interest rates by 20 basis points. First bank is giving the benefit of interest ranging from 7.05 percent to 7.75 percent to the customers.

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Rate of interest for general citizens-

>> 7 to 45 days FD – 3 percent
>> 46 to 180 days FD – 4.5 percent
>> 181 to 210 days FD – 4.5 percent
>> 211 days or less FD – 5.75 percent
>> Duration of one to two years – 6.75 percent

Rate of interest for senior citizens-

>> 7 to 45 days FD – 3.5 percent
>> 46 to 180 days FD – 5 percent
>> 181 to 210 days FD – 5.75 percent
>> FD of 211 days or less – 6.25 percent
>> Duration of one to two years – 7.25 percent

Benefits of Baroda Tricolor Plus Scheme

Apart from this, the bank is also giving the benefit of Baroda Tricolor Plus Deposit Scheme (399 days) to the customers. Talking about ordinary citizens, these people get the benefit of interest ranging from 7.25 per cent to 7.75 per cent.

How much interest is being received over which period?

Apart from this, if we talk about FDs of more than 10 years, then ordinary citizens are getting the benefit of interest at the rate of 6.25 percent. At the same time, senior citizens are getting interest at the rate of 6.75 percent.

Apart from this, talking about the rate of interest for a period of more than 5 years, then ordinary citizens are getting interest at the rate of 6.5 percent and senior citizens at 7.50 percent. On FDs of more than 2 years and up to 3 years, the bank is offering 7.05 percent interest rate to general citizens and 7.55 percent to senior citizens.

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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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Now government banks will work for only five days in a week. According to media report, the Indian Banking Association has proposed to work for five days a week. The Finance Ministry can soon give approval on this matter. Before this, the bank unions have already agreed among themselves on this issue. This news is good news for about 8 lakh bank employees of the country.

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Eligible candidates who are willing to apply for these posts can apply through the official website of SBI, sbi.co.in. Let us tell you that the registration process has started from today, April 29 and will end on May 19, 2023. Through this recruitment drive, 217 posts are to be filled in the organization. Read below for eligibility, selection process and other details of these posts.

Vacancy detail

Regular Posts: 182 Posts

Contractual Posts: 35 Posts

Eligibility Criteria

Candidates who want to apply for the posts can check the educational qualification and age limit through the notification available here.

Selection Process

The selection process will consist of shortlisting and interview of the candidates. The shortlisting committee constituted by the Bank will decide the shortlisting parameters and thereafter, adequate number of candidates, as decided by the Bank, will be shortlisted for interview. The decision of the Bank to call the candidates for interview will be final. Interview will be conducted for 100 marks.

Application fee

The application fee and intimation charges for General/OBC/EWS candidates is ₹750/- whereas, SC/ST/PWD candidates will not have to pay any fee. Explain that the payment can be made through Debit Card / Credit Card / Internet Banking.

Check official notification here

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If you also have an account in a government bank, then you should know before that which bank is going to be privatised. Giving information today, Deepam Secretary has told that the process of privatization of IDBI Bank is progressing rapidly.

Rejected media reports

The Central Government said on Friday that the process of disinvestment of IDBI Bank is going on as per the prescribed strategic sale process. He also dismissed the media reports that it was being said that the disinvestment of IDBI could be postponed.

Deepam secretary tweeted

The Department of Investment and Public Asset Management (DIPAM) said that the stake sale in the bank has moved beyond the expression of interest (EoI) stage. Deepam Secretary Tuhin Kant Pandey has tweeted that after receiving various EOIs, the transaction is now progressing as per the prescribed procedure.

LIC has 61 percent stake

The government had received several initial rounds of bids in January for the strategic sale of about 61 per cent stake held by it and LIC in IDBI Bank.

What is the share of the government?

Bids were invited from potential buyers in October last for the sale of a total of 60.72 per cent stake, including 30.48 per cent government and LIC’s 30.24 per cent stake in IDBI Bank. At present, both the government and LIC together hold 94.72 per cent stake in this bank.

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The interest rate has been increased on FDs of less than Rs 2 crore. The bank has increased the interest on special FDs of 444 days. The bank said that after this amendment, interest of 7.05 will be available on the special scheme of 444 days for general customers.

Additional benefit of 50 basis points to senior citizens

Senior citizens will get an additional benefit of 50 basis points in interest. The interest rate for them has been increased to 7.55 percent. For general customers, the interest rates on other term deposits maturing in 7 days to 10 years are between 3 percent to 6.75 percent. The revised interest rates are applicable for Domestic, NRO and NRE deposits.

6% interest on 1 year FD

If you get FD done in Bank of India, then you will get 4.50% interest on FD of 46-179 days. 5 percent on 180-269 days, the interest rate on FDs ranging from 1 year to less than 2 years has gone up to 6 percent. The interest on FD of 444 days has now gone up to 7.05 per cent.

6% return on FD of 5-8 years

The interest rate on FDs ranging from 2 years to less than 3 years has gone up to 6.75 percent. The interest on FDs ranging from 3 years to less than 5 years has gone up to 6.50 per cent. Interest rate has been increased to 6% on FDs from 5 years to less than 8 years and 6% on FDs from 8 years to 10 years.

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But if your bank branch is away from home due to job or any other reason and you want it in the nearest branch then it can be transferred. You can also do branch transfer of bank account online sitting at home. For example, if you have an account with the country’s largest government bank SBI, how can it be transferred to the nearest branch?

Change your SBI branch like this

Step-1: First of all visit the official website of the bank onlinesbi.com

Step-2: Click on personal banking option

Step-3: Go to name and password Step

-4: E-services tab will be visible, click here Step-

5: Go to Transfer Saving Account

Step-6: Select your account to be transferred

Step-7: Enter IFSC Code of the branch you want to transfer

Step-8: Check all the information once again, then click on confirm button Click

Step-9: OTP will come on the registered mobile number. Fill it and confirm

Step-10: Within a few days your account will be transferred to your branch

Call the helpline number for any complaint or information related to the bank

If you are an SBI customer and you have any problem related to banking services or bank account, then you can lodge a complaint by calling the toll free number of the bank. For this you have to call 1800 1234, 1800 2100, 1800 11 2211, 1800 425 3800 and 080-26599990. Also you can email your complaint to customercare@sbi.co.in and contactcentre@sbi.co.in.

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This scheme is valid till 31st December 2022. At the same time, the bank has increased the interest rates of FDs of less than Rs 2 crore by 47 basis points. According to the bank’s website, the new rates are effective from 8 November 2022.

FD Special Scheme

At least Rs 10,000 can be deposited in UCO Bank’s Special Fixed Deposit scheme. Thereafter, investments can be made in multiples of Rs.1,000. A maximum amount of Rs 2 crore can be deposited in this scheme.

UCO 444 Fixed Deposit Scheme

In UCO Bank’s UCO 444 Deposit Scheme, common citizens will get 6.15% interest while senior citizens will get 6.65% return. This scheme is of 444 days. In this scheme, there is facility to take overdraft and loan against deposits. Staff, ex-staff will get 1% more interest while ex-staff senior citizens will get 1.50% extra interest.

UCO 666 FD Scheme

In the UCO 666 FD scheme, 6.25% interest is being offered to common citizens and 6.75% to senior citizens. Minimum Rs 10,000 and maximum less than Rs 2 crore can be deposited in this scheme.

New interest rates

According to the website of UCO Bank, the bank has increased the interest rate on FDs maturing in 7 days to 29 days by 35 bps from 2.55% to 2.90%. On the other hand, on fixed deposits maturing in 30-45 days, UCO Bank increased the interest rate by 20 bps from 2.80% to 3.00%. The bank is now offering an interest rate of 3.50% on FDs maturing in 46-90 days. UCO Bank increased the interest rate on FDs maturing in 91-180 days by 5 bps from 3.70% to 3.75%.

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These new new rates have come into effect from 29 October 2022. Indian Bank has increased interest rates by up to 90 bps on deposits with maturity of 1 year to 5 years or more after the revision.

Here is the new interest rates on FD

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Indian Bank has also given good news to its customers. This state-run bank has increased the interest rates in a big way to attract its customers. If you want to earn good interest on FD, then this news is useful for you because Indian Bank has increased the rate of fixed deposits. Let us tell you that the new interest rates of the bank will be applicable on FDs less than Rs 2 crore. Which has been implemented from 29 October. This time this increase has been made 0.90 percent.    

Indian Bank has announced a hike in interest rates. These interest rates will be applicable only on FD interest rate hike of less than Rs 2 crore. These interest rates have come into effect from October 29.   

customers will benefit

It has been told by the bank that this facility will be given on FD of less than Rs 2 crore. The bank is paying higher interest on FDs ranging from 7 days to 10 years. Lakhs of customers are going to benefit from this decision of the bank. This increase in interest rates is high, so if you are getting more interest in this bank then you can earn good profits by getting FD here.    

Know the new interest rates

• The common customer will get 2.80 percent interest on FDs of 7 days to 29 days.
• On FDs of 30 days to 45 days, the common customer will get 3.00 percent interest.
• The common customer will get 3.25 percent interest on FDs of 46 days to 90 days.
• The common customer will get 3.50 percent interest on FDs of 91 days to 120 days.
• On FDs of 121 days to 180 days, the common customer will get 3.85 percent interest.
• The common customer will get 4.50 percent interest on FDs of 181 days to 9 months.
• The common customer will get 4.75 percent interest on FD for 9 months to 1 year.

• The common customer will get 6.10 percent interest on FD for 1 year.
• On FD for 1 year to 2 years, the common customer will get 6.30 percent interest.
• On FD for 2 years 1 day to 3 years, the common customer will get 6.50 percent interest.
• The common customer will get 6.40 percent interest on FD for 3 years 1 day to 5 years.
• On FD for more than 5 years, the common customer will get 6.30 percent interest.

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Now the name of another government bank, Union Bank has been added to this episode. Recently Union Bank has also increased its interest rates. The new rates have come into effect from October 17.

Union Bank has increased the interest rates on FDs to 7 per cent. According to the bank’s website, FDs of 91 days to 180 days will now get 4.10 percent interest instead of 0.20. From 181 to one year, 5.25 and one year FD will now get 6.30 percent interest, which was 5.35 percent earlier. Interest will be available at the rate of 6.60 percent for 1 year to 443 days, 6.70 for 444 days, 6.60 percent for 445 days to 598 days, 7 percent for 599 days, 6.70 percent for two to ten years. The new rates have come into effect from October 17.

ICICI and SBI Bank have also increased interest

Recently, ICICI Bank has also increased the interest on FDs from 7 days to 10 years by 3.75-6.25 percent. At the same time, an interest of 6.50 percent will be available on FD for 1 year 389 days to 2 years and 1 day to 3 years. At the same time, SBI has also increased the interest rates on FD by up to 20 basis points. FDs of two years and less than three years will now get 5.65 percent interest instead of 5.50 percent. At the same time, the interest rate between three years and less than five years has now increased from 5.60 percent to 5.80 percent. At the same time, the interest rate on FDs ranging from five years to 10 years has now increased from 5.65 percent to 5.85 percent. The new rates have come into effect from 15 October 2022.

Interest rates of these banks have also increased

Axis Bank has increased the interest on FDs by 0.75% to 6.20%. The new rate has come into effect from October 14. At the same time, HDFC Bank has increased the interest rates of FD by 75 basis points i.e. 0.75 percent. At the same time, the bank has increased the interest on its RD by 50 basis points i.e. 0.50 percent. The new rates have come into effect from 11 October 2022.

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Who can open account for FD scheme

Any resident, individual, body of individuals can open an account or invest in Punjab & Sind Bank’s PSB Investment Plus-501 Days FD Scheme (PSB INVESTMENT PLUS-501 DAYS). Non-individuals such as Hindu Undivided Family (HUF), Sole Proprietorship Firm as a non-individual; Partnership firms, companies, association of individuals can also invest in this FD scheme.

how much return will you get

On investing in the PSB Investment Plus-501 Days FD Scheme, an interest of 6.10 percent per annum is being offered to the common person or firm, while an interest of 6.60 percent is being offered to the senior citizen. The benefit of this scheme can be taken till December 1, 2022. In this FD scheme (PSB INVESTMENT PLUS-501 DAYS), you can invest at least Rs 5000 and then in multiples of Rs 1000. The maximum deposit that can be made in this scheme is Rs 1.99 crore.

Account can be opened in any branch of the bank

Under this scheme of Punjab and Sind Bank, you can open an account and invest in any branch of the bank. In recent times, banks have increased the interest rates on FDs. After the increase in policy rates by RBI, banks or other financial institutions have increased the interest on investment in fixed deposits or other deposits.

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Bank increased FD rates by 5 to 20 basis points

The bank has increased the interest rate twice within only 1 week. On August 19, the bank said that the interest rates of fixed deposits have been increased by a total of 5 to 15 basis points. Along with this, the bank has announced a special fixed deposit of 405 days.

In this FD, a special offer is being given to senior citizens (Senior Citizen Rates). You will get 6.60% rate of interest on FD (PNB Fixed Deposit Rates).

On the other hand, normal people will get 6.10% rate of interest on FD of 405 days. Giving information about the fixed deposit of this particular period, the bank has given information by tweeting from its official Twitter handle.

Check here the latest rate of interest of the bank

If you are planning to do FD in PNB (PNB FD Rates), then we tell you about its latest interest rate. The bank is offering 3% interest on fixed deposits for 7 to 14 days on deposits of less than Rs 2 crore.

Bank 3% on fixed deposits of 15 to 29 days, 3% on FDs of 30 to 45 days, 3.25% on fixed deposits of 46 to 90 days, 4.00% on FDs of 91 to 179 days , 4.50% on fixed deposits of 180 to 270 days, 4.50% on FDs from 271 days to 1 year, 5.50% on fixed deposits of 1 year, 5.50% on fixed deposits from 1 to 404 days Offering interest rate.

At the same time, the bank is offering 6.10% interest rate on fixed deposit of 405 days. At the same time, 5.50% on fixed deposits of 406 days to fixed deposits up to 2 years, 5.60% on FDs from 2 to 3 years, 5.75% on FDs from 3 to 5 years, 5 to 10 Offering 5.65% interest rate on fixed deposits up to one year and 5.75% interest rates on FDs of 1111 days.

Senior Citizen gets extra benefits

PNB is offering 0.50% higher interest rate to senior citizens as compared to normal citizens. This rate is applicable on fixed deposits of every tenor. Along with this, the bank offers 1% higher interest rate to its employees and retired employees.

Along with this, Bank PNB has offered an interest rate of 4.05% to 6.15% on FDs ranging from 91 days to 1111 days on Uttam FDs (PNB Uttam FD Rates) on fixed deposits of less than Rs 2 crore. doing.

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In this episode, the state-run bank Bank of Baroda has launched a special scheme. Its name is Baroda Tiranga Deposits. It is a special domestic retail term deposit scheme. The scheme offers customers attractive interest rates on term deposits. The bank has launched this scheme on Tuesday. Baroda Tricolor Deposits are available in two tenors.

These are the interest rates.

In Baroda Tiranga Deposits Scheme, interest rate of 5.75 per cent is being offered on term deposits of 444 days. At the same time, the interest rate for 555 days term deposit has been kept at 6 percent. Senior citizens will get the benefit of 0.50 percent additional interest rate in this scheme. In this way, senior citizens will get 6.25 per cent return on term deposit of 444 days and 6.50 per cent on term deposit of 555 days. At the same time, 0.15 percent more return will be available on non-callable deposits.

How long can you take advantage

Baroda Tiranga Deposits Scheme is open on 16th August. This will continue till December 2022. Explain that Bank of Baroda customers can open FD online using the Bob World app.

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The new rates will be effective from August 12. In the information sent to the stock market, it was said on behalf of the bank that it has approved the increase in MCLR rate. This will be effective from August 12. The benchmark MCLR for one-year tenor has been increased from 7.65 per cent to 7.70 per cent. The interest rates of most consumer loans are fixed on this basis. Apart from this, the MCLR has been increased by 0.20 percent to 7.40 percent for the loan of one month.

These banks also increased the interest rates , in addition to this, it has been decided to increase the MCLR by 0.10 percent for loans of 3 months and six months to 7.45 and 7.55 percent respectively. The Reserve Bank of India (RBI) last week increased the key policy rate repo by 0.50 percent. After this many banks have increased their interest rates. Earlier, ICICI Bank, Canara Bank and PNB (Punjab National Bank) have also decided to increase the interest rate.

The decision taken by Bank of Baroda to increase the repo rate three times will affect about 20 million customers associated with the bank. Let us tell you that in the last two months, the repo rate has been increased thrice by the RBI. First the central bank has increased it by 40 basis points, then by 50 basis points and once again by 50 basis points. Due to this the interest rates of the loan are getting expensive.

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