As India has entered a highly inflated era, the Reserve Bank of India has taken an essential step to raise its repo rates aiming to tame the surging inflation. Similarly, the major financial institutions of our country are also following the RBI. Several banks including “ HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Punjab National Bank” have increased their FD and RD Interest to attract investors. But before investing in an FD, customers always compare and differentiate between the interest rates offered by lenders. Choosing a lender can be a confusing process, but it is not that difficult.
So, For Investors To Differentiate Between Lenders Easily We Are Going To Compare Latest FD Rates Provided By PNB, ICICI, and HDFC:
PNB FD Rates For Investments Worth Below ₹2 Cr:
Tenures
FD Rates For General Public in (%)
FD Rates For Senior Citizens In (%)
7 days to 14 days
3.00
3.50
15 days to 29 days
3.00
3.50
30 days to 45 days
3.00
3.50
46 days to 90 days
3.25
3.75
91 days to 179 days
4.00
4.50
180 days to 270 days
4.50
5.00
271 days to less than 1 year
4.50
5.00
1 year
5.10
5.60
Above 1 year to 2 years
5.10
5.60
Above 2 Years to 3 Years
5.10
5.60
Above 3 years to 5 years
5.25
5.75
Above 5 years to 10 years
5.25
5.75
ICICI Bank Rates For Investments Worth Below ₹2 Cr:
Rishabh is an experienced content writer and editor, he is working for Viralbake to cover a diversified range of categories. His articles mainly focus on providing information, being a travel guide, educating others, and also making people aware of technology, after all, he is a technophile. When not writing he can be found gaming, watching movies, and travelling.
