New Delhi: FD rates are a source of guaranteed returns as these interest rates don’t change during the lock-in period. Before locking a fixed deposit (FD), it is advisable to compare the interest rates offered by different banks. Lenders such as the State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda offer FD rates in the range of 3.5 to 7.75 per cent. Here’s a detailed view of these banks’ FD rates.
SBI FD interest rates
Here are the interest rates offered by SBI on FDs:
Deposits maturing between 180 days to 210 days offer 6.25 per cent interest for the general public and 6.75 per cent for senior citizens.
For deposits ranging from 211 days to less than 1 year, the interest rates are 6.5 per cent for the general public and 7 per cent for senior citizens.
Deposits held from 1 year to less than 2 years earn 6.8 per cent interest for the general public and 7.3 per cent for senior citizens.
Deposits maturing between 2 years to less than 3 years yield 7 per cent interest for the general public and 7.5 per cent for senior citizens.
For deposits held from 3 years to less than 5 years, the interest rates are 6.75 per cent for the general public and 7.25 per cent for senior citizens.
Deposits maturing between 5 years and up to 10 years offer 6.5 per cent interest for the general public and 7.50 per cent for senior citizens.
Tenure
General FD rates (in %)
Senior Citizen FD rates (in %)
7 days to 45 days
3.5
4
46 days to 179 days
5.5
6
180 days to 210 days
6.25
6.75
211 days to less than 1 year
6.5
7
1 Year to less than 2 years
6.8
7.3
2 years to less than 3 years
7
7.5
3 years to less than 5 years
6.75
7.25
5 years and up to 10 years
6.5
7.5
PNB FD Interest rates
Here are the FD interest rates offered to general citizens and senior citizens by PNB
A deposit of exactly 300 days yields an interest rate of 7.05 per cent for the general public and 7.55 per cent for senior citizens.
Deposits ranging from 301 days to less than 1 year offer 6.25 per cent interest for the general public and 6.75 per cent for senior citizens.
A 1-year deposit earns 6.75 per cent interest for the general public and 7.25 per cent for senior citizens.
Deposits from more than 1 year to 399 days yield 6.8 per cent interest for the general public and 7.3 per cent for senior citizens.
A deposit of exactly 400 days earns 7.25 per cent interest for the general public and 7.75 per cent for senior citizens.
Deposits from 401 days to 2 years yield 6.8 per cent interest for the general public and 7.3 per cent for senior citizens.
Deposits ranging from more than 2 years to 3 years earn 7 per cent interest for the general public and 7.5 per cent for senior citizens.
Deposits from more than 3 years to 1203 days yield 6.5 per cent interest for the general public and 7 per cent for senior citizens.
Deposits from more than 5 years to 1894 days yield 6.5 per cent interest for the general public and 7.3 per cent for senior citizens
Period
General Citizen(%)
Senior Citizen(%)
7 to 14 Days
3.5
4
15 to 29 Days
3.5
4
30 to 45 Days
3.5
4
46 to 60 Days
4.5
5
61 to 90 Days
4.5
5
91 to 179 Days
4.5
5
180 to 270 Days
6
6.5
271 Days to 299 Days
6.25
6.75
300 Days
7.05
7.55
301 Days to < 1 Year
6.25
6.75
1 Year
6.75
7.25
> 1 Year to 399 days
6.8
7.3
400 Days
7.25
7.75
401 Days to 2 Years
6.8
7.3
> 2 years to 3 years
7
7.5
> 3 years to 1203 days
6.5
7
1204 days**
6.4
6.9
1205 days to 5 years
6.5
7
> 5 years to 1894 days
6.5
7.3
1895 days**
6.35
7.15
1896 days to 10 years
6.5
7.3
ICICI Bank vs HDFC Bank FD rates
Bank of Baroda FD Interest rates
Interest rates offered to general citizens and senior citizens by Bank of Baroda
For a tenure of 360 days (bob360), the interest rate is 7.1 per cent for general citizens and 7.60 per cent for senior citizens.
A 1-year deposit earns 6.85 per cent interest for general citizens and 7.35 per cent for senior citizens.
Deposits ranging from above 1 year to 400 days yield 6.85 per cent interest for general citizens and 7.35 per cent for senior citizens.
Deposits above 400 days and up to 2 years offer 6.85 per cent interest for general citizens and 7.35 per cent for senior citizens.
Deposits above 2 years and up to 3 years yield 7.25 per cent interest for general citizens and 7.75 per cent for senior citizens
Deposits above 3 years and up to 5 years earn 6.5 per cent interest for general citizens and 7.15 per cent for senior citizens.
Deposits above 5 years and up to 10 years offer 6.5 per cent interest for general citizens and 7.50 per cent for senior citizens.
A deposit of 399 days (Baroda Tiranga Plus Deposit Scheme) earns 7.15 per cent interest for general citizens and 7.65 per cent for senior citizens.
Tenors
General Public (%)
Senior Citizen(%)
7 days to 14 days
4.25
4.75
15 days to 45 days
4.5
5
46 days to 90 days
6
6.5
91 days to 180 days
5.6
6.1
181 days to 210 days
5.75
6.25*
211 days to 270 days
6.15
6.65
271 days & above and less than 1 year
6.25
6.75*
360D (bob360)
7.1
7.6
1 year
6.85
7.35
Above 1 year to 400 days
6.85
7.35
Above 400 days and upto 2 Years
6.85
7.35
Above 2 Years and upto 3 Years
7.25
7.75
Above 3 Years and upto 5 Years
6.5
7.15
Above 5 Years and upto 10 Years
6.5
7.5
Above 10 years (MACT/MACAD
Court Order schemes only)
6.25
6.75
399 Days (Baroda Tiranga Plus Deposit Scheme)
7.15
7.65
FD rates: SBI, PNB and Bank of Baroda offer 3.5-7.75 per cent FD rates on different tenures. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
