PNB vs HDFC Bank vs SBI; Check Detailed Comparison of Latest Interest Rates


As banks are rising their rates of interest on mounted deposits (FDs) after the Reserve Bank of India (RBI) has hiked its key repo charge to manage inflation, Punjab National Bank (PNB) is the newest lender to hitch the listing. It raised its rates of interest on mounted deposits beneath Rs 2 crore, which is able to change into efficient from Monday, July 4.

Recently, a number of lenders, together with ICICI Bank, State Bank of India and HDFC Bank, elevated their rates of interest for each deposits in addition to loans. Here’s the comparability of the present mounted deposit (FD) rates of interest provided by three lenders Punjab National Bank (PNB), HDFC Bank, and State Bank of India (SBI) on deposits beneath Rs 2 crore:
Punjab National Bank’s FD Interest Rate (On Deposits Below Rs 2 Crore):

7 days to 14 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent

15 days to 29 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent

30 days to 45 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent

46 days to 90 days: For General Public – 3.25 per cent; For Senior Citizens – 3.75 per cent

91 days to 179 days: For General Public – 4.00 per cent; For Senior Citizens – 4.50 per cent

180 days to 270 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent

271 days to lower than 1 12 months: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent

1 12 months: For General Public – 5.30 per cent; For Senior Citizens – 5.80 per cent

Above 1 12 months to 2 years: For General Public – 5.30 per cent; For Senior Citizens – 5.80 per cent

Above 2 Years to three Years: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent

Above 3 years to five years: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent

Above 5 years to 10 years: For General Public – 5.60 per cent; For Senior Citizens – 6.10 per cent

1111 days: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent.
HDFC Bank’s FD Interest Rate (On Deposits Below Rs 2 Crore):

7 days to 14 days: For General Public – 2.75 per cent; For Senior Citizens – 3.25 per cent

15 days to 29 days: For General Public – 2.75 per cent; For Senior Citizens – 3.25 per cent

30 days to 45 days: For General Public – 3.25 per cent; For Senior Citizens – 3.75 per cent

46 days to 60 days: For General Public – 3.25 per cent; For Senior Citizens – 3.75 per cent

61 days to 90 days: For General Public – 3.25 per cent; For Senior Citizens – 3.75 per cent

91 days to six months: For General Public – 3.75 per cent; For Senior Citizens – 4.25 per cent

6 months 1 days to 9 months: For General Public – 4.65 per cent; For Senior Citizens – 5.15 per cent

9 months 1 day to 9 months: For General Public – 4.65 per cent; For Senior Citizens – 5.15 per cent

1 12 months: For General Public – 5.35 per cent; For Senior Citizens – 5.85 per cent

1 12 months 1 day to 2 years: For General Public – 5.35 per cent; For Senior Citizens – 5.85 per cent

2 years 1 day to three years: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent

3 years 1 day to five years: For General Public – 5.70 per cent; For Senior Citizens – 6.20 per cent

5 years 1 day to 10 years: For General Public – 5.75 per cent; For Senior Citizens – 6.50 per cent.
State Bank of India’s FD Interest Rate (On Deposits Below Rs 2 Crore):

7 days to 45 days: For General Public – 2.90 per cent; For Senior Citizens – 3.40 per cent

46 days to 179 days: For General Public – 3.90 per cent; For Senior Citizens – 4.40 per cent

180 days to 210 days: For General Public – 4.40 per cent; For Senior Citizens – 4.90 per cent

211 days to lower than 1 12 months: For General Public – 4.60 per cent; For Senior Citizens – 5.10 per cent

1 12 months to lower than 2 years: For General Public – 5.30 per cent; For Senior Citizens – 5.80 per cent

2 years to lower than 3 years: For General Public – 5.35 per cent; For Senior Citizens – 5.85 per cent

3 years to lower than 5 12 months: For General Public – 5.45 per cent; For Senior Citizens – 5.95 per cent

5 years to as much as 10 years: For General Public – 5.50 per cent; For Senior Citizens – 6.30 per cent.

To management inflation, the Reserve Bank of India (RBI) in early June raised the important thing repo charge by 50 foundation factors (bps), which was the second hike inside nearly as month after the central financial institution’s Monetary Policy Committee elevated 40 foundation factors in off -cycle coverage assessment in May. The retail inflation in May stood at 7.04 per cent, which is larger than the RBI’s goal vary of 2-6 per cent.

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