At the same time, some big banks are launching special FDs to attract investors. In this episode, HDFC Bank has started 2 special FDs. According to the information given on the bank’s website, this offer is for a limited period.

Interest up to 7.75%

It has been told on the website that this FD will get interest at the rate of 7.20% for a period of 35 months and at the rate of 7.25% for a period of 55 months. At the same time, 0.50% additional interest will be given to senior citizens. This means that senior citizens will be able to get an interest rate of 7.70% on FD for a period of 35 months. At the same time, it will reach 7.75% for a period of 55 months.

HDFC Bank FD Interest Rates

HDFC Bank is offering 3% interest rate on FDs maturing between 7 to 29 days. An interest rate of 3.50% is being given on deposits maturing between 30 to 45 days, while an interest rate of 4.50% is being given on FDs maturing between 46 days and less than six months. This bank is offering 5.75% interest for tenors less than six months and 1 day to 9 months.

For a period of 9 months 1 day and less than 1 year, the bank is giving 6% interest. Most FD interest rates for a period beyond one year remain above 7 percent. It means to say that long term investing is a better option to earn more profits.

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Over 15 lakhs invested in SBI Sarvottam FD

SBI has launched SBI Sarvottam Fixed Deposit scheme for retail and wholesale investors and its deposit tenure is only 1 year and 2 years. The minimum amount of investment under this scheme is Rs 15 lakh in the retail sector. At the same time, renewal facility is not provided in SBI Sarvottam FD and after maturity the amount will be deposited directly into the investor’s account.

Higher rate of interest to these investors including senior citizens

Senior citizens, employees, employees for investment in SBI Best FD will be able to get additional rate of interest to senior citizens as compared to general public.

These people will not be able to invest in SBI Sarvottam FD

There is a change in eligibility for investors in SBI Sarvottam FD. Minors and NRI customers are not eligible to invest in this scheme. Along with this, NRI senior citizens, NRI employees are also not eligible for investment.

SBI best FD interest rate 7.90 percent

Under SBI best FD, the bank offers 30 bps on the card rate for a tenure of 1 year and 40 bps on the card rate for a tenure of 2 years. According to the bank, on investing an amount of more than Rs 15 lakh and less than Rs 2 crore for 1 year, ordinary citizens will get 7.10 percent interest rate, while senior citizens will be given an interest rate of 7.55 percent. At the same time, for a period of 2 years, 7.40 percent interest will be given to general customers and 7.90 percent interest to senior citizens.

Maximum 7.5 percent interest on SBI’s regular FD.

Looking at the interest rates on other regular FDs of SBI, for a period ranging from 7 days to 10 years, it gives an interest rate of 3 percent to 7 percent to general citizens and 3.5 percent to senior citizens. Gives interest rate between percent to 7.5 percent. These interest rates are applicable from 15 February 2023.

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Fixed deposit scheme of post office is called term deposit scheme. You can invest money in this scheme for 1 year, 2 years, 3 years and five years. Recently, the government has increased the interest rates of many small savings schemes. These include the name of Post Office’s Time Deposit Scheme.

Customers getting higher interest rate

The government has increased the interest rates of post office time deposit scheme by 20 basis points on January 1, 2023. After this increase, now the five-year FD scheme of the post office is getting 7.00 percent interest rate. Customers are getting 6.6 percent interest rate on 1 year FD. At the same time, 6.8 percent interest rate is being offered on FD of 2 years and 6.9 percent on FD of 3 years.

Will get the benefit of tax exemption

By investing in Post Office Time Deposit Scheme for 5 years, you will get a deduction of Rs 1.5 lakh under Section 80C of Income Tax, 1961. Along with this, you can invest in this scheme in multiples of Rs 1,000 to a maximum of 100 as per your need. There is no limit to the maximum investment in this.

Special features of Post Office Time Deposit Scheme-

• You can open this account as a single account.
• You can open this account as a joint account with two or three people.
• You can open this account for a minor child (above 10 years) under parental supervision.

How much return will you get-

If you invest money in the time deposit scheme of the post office for 5 years, then at the rate of 7 per cent you will get Rs 2,07,389 as interest. In this case, on maturity, you will be the owner of the entire Rs 7,07,389. Whereas, if you reinvest this amount, you will get a total of Rs 10,00,799 on maturity.

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Punjab National Bank is the second largest public sector bank in the country. It has crores of account holders across the country. The Reserve Bank has increased its repo rate for the fourth time in the month of September. Due to the increase in the repo rate, all the banks are increasing their deposit rates like fixed deposit rates, RD rates and savings account rates.

Punjab National Bank also keeps launching various special schemes for its customers. The bank has come up with a special FD scheme for super senior citizens, in which super citizens are getting 0.80% higher interest rate than common citizens. The special thing is that senior citizens are getting this special offer on FDs ranging from 7 days to 10 years.

PNB Offering Highest Interest Rate to Senior Citizens Generally most banks offer 0.50% higher interest rate to senior citizens, but PNB is offering 0.80% higher interest rate to super citizen (above 80 years) customers. At the same time, the bank is offering 0.50% more interest to senior citizens aged 60 to 79.

Super senior getting this interest rate on getting FD in PNB-

This special FD scheme of bank super senior was launched on 13 September 2022. Under this scheme, customers above 80 years are offering 3.80% interest on FDs of 7 to 14 days on deposits of less than Rs 2 crore. Bank 3.80% on 15 to 29 day FD, 3.80% on 30 to 45 day FD, 4.05% on 46 to 90 day FD, 4.80% on 91 to 179 day FD, 5.30% on 180 to 270 day FD , is offering 5.30% interest rate on FDs of 271 days to 1 year, 6.30% on FDs of 1 year, 6.30% on FDs of 1 to 404 days.

At the same time, the bank is offering 6.90% interest rate on FD of 405 days to super senior citizens. At the same time, 6.30% on FDs of 406 days to 2 years, 6.40% on FDs from 2 to 3 years, 6.55% on FDs from 3 to 5 years, 6.45% on FDs from 5 to 10 years and 1111 days It is offering 6.55% interest rate on FD.

PNB services will also be available on Whatsapp

Punjab National Bank has decided to provide banking services through WhatsApp for the convenience of its customers. The WhatsApp banking service number of PNB is 9264092640 by saving which you can activate it and use all the services sitting at home. To activate WhatsApp banking service number, you can enter your service request by sending Hi or Hello message to this number 9264092640.

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SBI started the scheme during the Corona period

It is worth mentioning that the State Bank started this scheme in the difficult times of Corona. SBI started this scheme in September 2020. In the year 2021 also, SBI had extended the term of this scheme. And now once again the State Bank is extending the duration of this scheme. Let us tell you, under the SBI We Care scheme, 30 basis points interest is given to senior citizens on fixed deposits.

Senior citizens get more interest

Under this special scheme of SBI, senior citizens get more interest on bank FD deposits. Under the SBI We Care scheme, an additional interest of 30 basis points is given on the fixed deposits of senior citizens. Under this scheme, senior citizens have to deposit FD for 5 years.

How much interest does it get

Let us tell you, SBI gives 5.65 percent interest to its customers on FD for a period of 5 years on normal fixed deposits. But under this special scheme to senior citizens, it gives an interest of 6.45 percent on FD of 5 years.

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