Latest Fixed Deposit rates: What SBI, HDFC, ICICI Bank and PNB are offering this summer
Bank fixed deposits (FDs) are considered the safest investment option by many. However, an investor should also look at the rate of interest offered by the bank before putting their money. You can create an FD account with top lenders like State Bank of India (SBI), ICICI Bank and HDFC Bank, PNB and others. The Interest rate varies from bank to bank and also might change according to the tenure of the investment.
Here is the list of FD rates of SBI, HDFC, ICICI and PNB:
State Bank of India
The following FD interest rates are applicable on deposits of below Rs 2 crore with effect from May 9, 2019, according to sbi.co.in:
The interest rate payable to SBI Staff and SBI pensioners will be 1.00% above the applicable rate. The rate applicable to all Senior Citizens and SBI Pensioners of age 60 years and above will be 0.50% above the rate payable for all tenors to resident Indian senior citizens
The following FD interest rates are applicable on deposits of below Rs 2 crore from April 11, 2019, according to hdfcbank.com:
The Minimum tenure for earning FD interest is 7 days
The following FD interest rates are applicable on deposits below Rs. 2 crore from March 7, 2019, according to icicibank.com:
As interest rates are subject to change without prior notice, the depositor shall ascertain the rates on the value date of FD.
Punjab National Bank
The following FD interest rates are applicable on deposits up to Rs 2 crore with effect from May 1, 2019, according to pnbindia.in:
The revised interest rates will be applicable to fresh Deposits and renewal of existing deposits with effect from 01.05.2019.