Fixed deposits News
The highest return one can get from SBI FD investment is 7.1 percent.
This benefit can be availed by investing in the Amrit Kalash Scheme.
SBI offers a diverse range of investment options.
The special interest rate is applicable for deposits made between May 18, 2020, and April 15, 2024.
This is a comparison of the State Bank of India (SBI), ICICI Bank, and HDFC Bank's fixed deposit interest rates.
The maturity period of FDs is from 7 days to 10 years.
Here's the comparison of different FD rates.
The rates mentioned above are as of March 20.
For 7 days to 45 days FD, the rates are 3.5% for general investors.
Senior citizens will get a 4% return on the same FDs.
General investors will get 6.5% for 5 years to 10 years of FD.
The bank offers a range of interest rates depending on the maturity period of the FD.
The bank offers a range of interest rates based on the tenure of the FDs.
Fixed Deposit is an ideal investment instrument if you have financial objectives that you need to meet within a set amount of time. Here are the FDs rates offered by SBI right now.
For the general public, SBI offers FD interest rates ranging from 3.5 percent to 6.5 percent per annum.
HDFC Bank offers a 7 percent interest rate for regular investors.
PNB joins the list with a 6.5 percent interest rate for the general public.
SBI provides a 6.5 percent interest rate for regular public investors.
Currently, SCSS offers a guaranteed interest rate of 8.2 percent, effective from January 1, 2024.
If you save just Rs 5,000 per month and invest it in PPF, Fixed Deposits, or Mutual Funds, you could potentially accumulate a fund worth a crore.
Read on to find out the latest fixed deposit (FDs) rates offers by the public sector banks.
The rate of interest plays a significant role in determining the return on investment.
BoB disclosed that interest rates on term deposits up to Rs 2 crore will witness an increase ranging from 10 basis points to a significant 125 basis points across different maturity brackets.
Considering a fixed deposit of Rs 1 lakh, with interest rates varying from 2.50 percent to 8.50 percent per annum, the following monthly interest estimates can provide a clear picture of how much interest you will earn.
For non-withdrawable fixed deposits, HDFC Bank is now offering a maximum return of 7.45 percent for tenures spanning one to two years, and 7.2 percent for durations ranging from two to ten years.
As of November 30, 2023, the fixed deposit interest rates for various tenures in public sector banks are below-mentioned.
Here are the latest HDFC Bank fixed deposit interest rates (per annum) for deposits below Rs 2 crore.
These rates apply to tenures spanning from a brief 7 days to a more extended 10-year term.
SBI is the largest bank in India.
SBI has a customer base of approximately 42 crore customer base.
Loading...