INSUBCONTINENT EXCLUSIVE:
A fixed deposit (FDs) is a financial instrument which offers guaranteed return
Financial institutions such as banks, post office, small finance banks and non-banking financial companies offer fixed deposit accounts
Customers can deposit money in fixed deposits for a specific period, ranging from seven days to 10 years
Banks usually pay a higher rate of interest to senior citizens than general public on fixed deposits
FD interest rates are subject to change from time to time
Yes Bank revised its interest rates with effect from May 2, 2019, according to the private sector lender's website.Here's a comparison
of fixed deposit (FD) interest rates paid by SBI, Punjab National Bank, HDFC Bank and ICICI Bank:State Bank of IndiaThe following FD
interest rates are applicable on deposits below Rs
2 crore with effect from February 22, 2019, according to sbi.co.in:PeriodGeneral public (% p.a.)Senior citizens (% p.a.)7 days to 45
days5.756.2546 days to 179 days6.256.75180 days to 210 days6.356.85211 days to less than 1 year6.406.901 year to less than 2 year6.807.302
years to less than 3 years6.807.303 years to less than 5 years6.807.305 years and up to 10 years6.857.35Punjab National BankThe following FD
interest rates are applicable on deposits up to Rs
2 crore with effect from May 1, 2019, according to pnbindia.in:PeriodGeneral public (% p.a.)Senior Citizen (% p.a.)7 to 14 days5.756.2515 to
29 days5.756.2530 to 45 days5.756.2546 to 90 days6.356.8591 to 179 days6.356.85111 days6.57180 days to 270 Days6.356.85222 days6.67.1271
days to less than 1 year6.356.85333 days6.957.451 year77.5555 days6.857.35above 1 year up to 3 years6.757.25above 3 year up to 5
years6.256.75above 5 years up to 10 years6.256.75Yes BankThe following FD interest rates are applicable on deposits below Rs
2 crore from May 2, 2019 according to yesbank.in:Get the latest election news, live updates and election schedule for Lok Sabha Elections
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