INSUBCONTINENT EXCLUSIVE:
The interest rates on FDs vary according to the tenor of a fixed deposit.Fixed deposit (FDs) are secure investment instruments offered by
private and public sector banks, small finance banks, non-banking financial companies (NBFCs) and post offices
The funds in these accounts are held for a fixed term, has a specified date of maturity and offer assured returns
From a FD account, the money can be withdrawn only after the term has ended or by giving a predetermined number of days notice
The interest rates on FDs, which keeps on changing from time to time, vary according to the tenor of a fixed deposit
Out Latest Recurring Deposit Interest Rates Of Top Banks)State Bank of India (SBI):The following FD interest rates are applicable on
2 crore with effect from May 9, 2019, according to bank's website- 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 year6.46.91 year to less than 2 year77.52
years to less than 3 years6.757.253 years to less than 5 years6.77.25 years and up to 10 years6.67.1Punjab National Bank (PNB):The following
FD interest rates are applicable on deposits up to Rs
2 crore with effect from May 1, 2019, according to bank's website- 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 years6.256.75HDFC Bank
