Let’s take a look at the revised FD interest rates of these banks. (AI image) Latest FD interest rates: In October 2024, three major Indian banks (Punjab National Bank, Punjab & Sindh, and Bank of Baroda) announced revisions to fixed deposit interest rates. Let’s take a look at the revised FD rates of these banks listed by ET.
Punjab National Bank: Latest Fixed Deposit Rates
After the amendment, Punjab National Bank fixed deposit interest rates range from 3.50% to 7.25% for periods of 7 days to 10 years for general public. Senior citizens can avail interest rates from 4% to 7.75%, while very senior citizens are eligible for the offered interest rate.Interest rates range from 4.30% to 8.05% for 400 days, with 7.25% for general and 7.75% for seniors. %, super seniors are eligible for the Bank’s highest interest rate of 8.05%. These revised rates will take effect from October 1, 2024.
Sl. NoPeriod General price revision date 01.10.2024*Senior price revision date 01.10.202417 – 14 days 3.544.3215 – 29 days 3.544.3330 – 45 days 3.544.3446 – 60 days 4.555.3561 – 90 days 4.555. 3691 to 179 days5.566.37180 to 270 days6.256.757.058271 days to 299 days6.577.39300 days7.057.557.8510301 days to< 1 年6.577.3111 年6.87.37.612> 1 year to 399 days6.87.37.613400 days7.257.758.0514401 days to 2 years6.87.37.615> 2 years to 3 years77.57.816> 3 years to 1203 days6.577.3171204 days**6.46.97.2181205 days to 5 years6. 577 .319> 5 years to 1894 days6.57.3 7.3201895 days**6.357.157.15211896 days to 10 years6.57.37.3
Punjab & Sindh Bank: Latest Fixed Deposit Interest Rates
Punjab & Sindh offers fixed deposit interest rates ranging from 2.80% to 7.25% with tenors ranging from 7 days to 10 years for retail customers. These rates are effective from October 1, 2024.
According to the bank’s website, “Senior citizens shall be given an additional interest rate of 0.50% above the above interest rate on fixed deposits of less than Rs 300 crore, new deposits with maturity of 180 days or more and fixed deposits.” Deposit updates are not available for NRE, NRO deposits, capital gains and bulk deposits. ”
Additionally, Punjab and Sindh have provided an additional interest benefit of 0.15% for super senior citizens on fixed deposits of specified duration (i.e. 222 days, 333 days, 444 days, 666 days, 999 days) below Rs. We offer 3 billion.
Revised January 10, 2024 (% pa)Maturity Fixed Deposits Less than Rs.3 Cr7 – 14 days2.80(#)15 – 30 days2.831 – 45 days346 – 90 days4.2591 – 120 days4.25121-150 days4.75151 – 179 Days 4.75180 – 221 Days 5.25222 Days 6.30($)223 – 269 Days 5.25270 – 332 Days 5.5333 Days 7.15($)334-<1 年5.51 年6.3>1 year – 443 days 6444 days 7.25($)445 days – 665 days 6666 days 7.3667 days – 2 years 62 years or more <998 days 6.3999 days 6.651000 days < 3 年6.33 年 - 5 年6>5 years – 10 years 6.25
Bank of Baroda: Latest Fixed Deposit Interest Rates
Bank of Baroda offers fixed deposit interest rates that vary depending on the tenure and age of the customer. Typically, interest rates range from 4.25% to 7.15% for terms of 7 days to 10 years. Senior citizens, on the other hand, can benefit from higher interest rates ranging from 4.75% to 7.60%. These updated rates will be effective from October 3, 2024.
The Bank of Baroda website states: “(* RTDs from 3 years to 10 years include additional ROI of 0.50%, # RTDs from 3 years to 5 years include additional ROI of 0.50+0.15,** (including additions). The ROI of RTD for residential seniors over 5 and 10 years is 0.50%+0.50%).”
Tenor Resident/General Resident Indian Senior National 7 days to 14 days 4.254.75*15 days to 45 days 4.55.00*46 days to 90 days5.56.00*91 days to 180 days5.66.10*181 days to 210 days Days5.756.25*211 days to 270 days6.256.75*271 days or more Less than 1 year (excluding 360 days)6.57.00*360 days (bob360)7.17.60*1 Years6.857.35*1 More than 400 77.50*more than 400 days and up to 2 years77.50*more than 2 years up to 3 years7.157.65*3 years more than 5 years6.57.15 #5 more than 10 years 6.57.50**More than 10 years (MACT/MACAD6.256.75*Court Ordered System) only
