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  • Thursday, July, 2020| Today's Market | Current Time: 06:03:18
  • Following a series of rate cuts in the repo rate by the RBI in recent periods, Punjab National Bank, SBI and HDFC still continue to give attractive rates on the fixed deposits investment plan in India.

    Punjab National Bank currently provide annual returns to the tune of 3.00-6.15 per cent on retail fixed deposits – also known as term deposits – up to Rs 2 crore. PNB offer a variety of maturity periods for retail fixed deposits, starting from seven days. Please find the below rates from the banks.

     

    Punjab National Bank (PNB) Fixed Deposit Interest Rates

    Maturity period

    Interest rate with effect from July 1

    Public

    Senior citizen

    Seven days to 14 days 3.00% 3.75%
    15 days to 29 days 3.00% 3.75%
    30 days to 45 days 3.00% 3.75%
    46 days to 90 days 3.25% 4%
    91 days to 179 days 4.00% 4.75%
    180 days to 270 days 4.40% 5.15%
    271 days to less than one year 4.50% 5.25%
    333 days 4.50% 5.25%
    One year 5.25% 6%
    444 days 5.25% 6%
    555 days 5.25% 6%
    Above one year and up to two years 5.25% 6%
    Above two years and up to three years 5.25% 6%
    Above three years and up to five years 5.30% 6.15%
    Above five years and up to 10 years 5.30% 6.15%

     

    Compression with another bank

    State Bank Of India SBI Fixed Deposit Interest Rates

     
    Maturity period Interest rate with effect from May 27  
      Public Senior citizen  
    Seven days to 45 days 2.90% 3.40%  
    46 days to 179 days 3.90% 4.40%  
    180 days to 210 days 4.40% 4.90%  
    211 days to less than one year 4.40% 4.90%  
    One year to less than two years 5.10% 5.60%  
    Two years to less than three years 5.10% 5.60%  
    Three years to less than five years 5.30% 5.80%  
    Five years and up to 10 years 5.40% 6.20%  
    Source sbi.co.in

    HDFC Bank Fixed Deposit Interest Rates

    Maturity period Interest rate with effect from June 12
      Public Senior citizen
    Seven days to 14 days 2.75% 3.25%
    15 days to 29 days 3.00% 3.50%
    30 days to 45 days 3.25% 3.75%
    46 days to 60 days 4.00% 4.50%
    61 days to 90 days 4.00% 4.50%
    91 days to six months 4.10% 4.60%
    Six months one day to nine months 4.50% 5.00%
    Nine months one day to less than one year 4.75% 5.25%
    One year 5.25% 5.75%
    One year one day to two years 5.25% 5.75%
    Two years one day to three years 5.35% 5.85%
    Three years one day to five years 5.50% 6.00%
    Five years one day to 10 years 5.50% 6.25%
    Source hdfcbank.com
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