INSUBCONTINENT EXCLUSIVE:
PNB revised their FD interest rates on select maturities with effect from November 1.Bank fixed deposits (FDs) are one of the most popular
Investing in a fixed deposit is secure because the returns on FD are fixed across predetermined, specific periods of time
Fixed deposit interest rates vary according to the tenor of a fixed deposit
Private sector lender Axis Bank revised its fixed deposit (FD) rates with effect from December 1, 2018
and ICICI Bank last revised their FD interest rates on November 6 and November 15 respectively
Public sector bank PNB revised their FD interest rates on select maturities with effect from November 1.On deposits of Rs 1 crore for one
year, SBI pays an FD interest rate of 6.70 per cent
Private sector peers HDFC Bank, ICICI Bank, PNB Bank and Axis Bank pay 7.50 per cent, 7.95 per cent, 6.75 per cent and 7.5 per cent
respectively, on the same amount and maturity.State Bank of India (SBI):Given below are the latest SBI FD interest rates on deposits below
28.11.2018Revised for Senior Citizens w.e.f
28.11.20187 days to 45 days5.756.2546 days to 179 days6.256.75180 days to 210 days6.356.85211 days to less than 1 year6.46.91 year to less
than 2 year6.87.32 years to less than 3 years6.87.33 years to less than 5 years6.87.35 years and up to 10 years6.857.35Source:
days to 29 days4.254.7530 days to 45 days5.5646 days to 60 days66.561 days to 90 days6.256.7591 days to 120 days6.256.75121 days to 184
days6.256.75185 days to 289 days6.57290 days to less than 1 year6.757.251 year to 389 days6.97.4390 days to 2 years7.17.62 years 1 day upto
3 years7.583 years 1 day upto 5 years7.257.755 years 1 day upto 10 years77.55 Years Tax saver FD(Max upto Rs
1 crore, according to the bank's website - pnbindia.in:Domestic FD rates for less Than Rs 1 crore from November 1, 2018PeriodGeneral public
(% p.a.)For Senior Citizen (% p.a.)7 to 14 days5.76.215 to 29 days5.76.230 to 45 days5.76.246 to 90 days6.356.8591 to 179 days6.356.85180
days to 270 Days6.356.85271 days to less than 1 year6.356.851 year6.757.25555 days6.857.35above 1 year upto 3 years6.757.25above 3 year
crore, according to the bank's website - axisbank.com:TermInterest rates (with effect from December 1, 2018)General publicSenior citizens7
days to 14 days3.53.515 days to 29 days3.53.530 days to 45 days5.55.546 days to 60 days6.256.2561 days < 3 months6.256.253 months < 4
months6.256.254 months < 5 months6.256.255 months < 6 months6.256.256 months < 7 months6.7577 months < 8 months6.7578 months < 9
months6.7579 months < 10 months7.17.3510 months < 11 months7.17.3511 months < 1 year7.17.351 year < 1 year 5 days7.37.951 year 5 days < 1
year 11 days7.558.201 year 11 days < 13 months7.37.9513 months < 14 months7.35814 months < 15 months7.37.9515 months < 16 months7.37.9516
months < 17 months7.37.9517 months < 18 months7.608.2518 Months < 2 years7.307.952 years < 30 months7.508.1530 months < 3 years7.508.003
years < 5 years7.257.755 years to 10 years77.5
