If you too intend to invest in FDs, you should first learn about bank interest rates. The interest rate is currently running at a higher level. In the past, FDs offered returns that were less than the rate of inflation. However, banks have been providing interest rates up to 7.75 percent for some years. Additionally, some banks are providing interest rates of up to 9%.

Customers who use FD receive returns based on a set interest rate

Depending on the depositor’s age and deposit tenure, HDFC Bank is offering interest rates on FDs up to 7.75 percent. Similarly, the largest government bank in the nation, SBI, is providing interest rates of up to 7.50 percent annually. PNB is also providing an interest rate of 7.75 percent yearly.

In reality, the interest rate on FDs has increased by the banks

since the Reserve Bank raised the repo rate in May of last year. It was recently predicted in various media publications that the interest rate on FDs would rise further in the future. It’s crucial that you know the current interest rates the bank is offering in this circumstance.

SBI Bank FD interest rates (on deposits under Rs 2 crore)

1.) From 7 to 45 days: 3% for the overall population; 3.5% for seniors

2.) For 46 days to 179 days, the general public will pay 4.50 percent; senior citizens will pay 5.00 percent.

3.) From 180 to 210 days: 5.25 percent for the general population; 5.75 percent for seniors.

4.) For the general public, the percentage is 5.75 percent; for seniors, it is 6.25 percent.

5.) For those with a tenure of between one and two years, 6.80 percent of the general population and 7.30 percent of seniors were involved.

6.) More than 2 years to less than 3 years: 7.00% for the general population; 7.50% for seniors more than three years

7.) 6.50 percent for the general public and 7.00 percent for seniors under the age of five

8.) Over five years 6.50 percent for the general population; 7.50 percent for seniors younger than 10 years.

Rates for HDFC Bank FDs (on deposits under Rs 2 crore)

1.) From 7 to 14 days: 3.00% for the general public and 3.50% for seniors

2.) From 15 to 29 days: 3.0% for the general population; 3.5% for seniors

3.) For 30 to 45 days, the general public pays 3.50 percent; senior citizens pay 4.00 percent.

4.) From 46 to 60 days: 4.50% for the general population; 5.00% for seniors

5.) From 61 to 89 days: 4.50% for the general population; 5.00% for seniors

6.) For a period of 90 days to six months, the general public pays 4.50 percent; senior citizens pay 5.00 percent.

7.) For ages 6 months and a day to less than 9 months, the general public pays 5.75 percent; seniors pay 6.25 percent.

8.) For children aged 9 months, 1 day to less than 1 year, the percentage is 6.00 for the general public and 6.50 for seniors.

9.) Those aged one to fifteen months or less: 6.60 percent of the general population; 7.10 percent of seniors

10.) For children aged 15 to under 18 months, the percentages are 7.10% for the general public and 7.50% for elderly adults.

11.5) A year 7.00% for the general population from 1 day to less than 21 months; 7.50% for seniors

12.) From 21 months to 2 years: 7.0% for the general public; 7.5% for seniors

13.) From 2 months and 1 day to 2 years and 11 months: 7.0% for the general public; 7.5% for seniors
14.) From 2 years and 11 months to 35 months: 7.0% for the general population and 7.5% for seniors

15.) Two years and one month 4 years to 1 day 7 months: 7.00% for the general population; 7.50% for seniors

16.) 4 years or less is the minimum age one year 7.00% for the general population; 7.50% for seniors over the age of one day to five years

17.) From five years and a day to ten years: seven percent for the general population and seven and a half percent for seniors

PNB FD interest rates (on deposits under Rs 2 crore)
1.) For seven to fourteen days, the general public pays 3.50 percent; senior persons pay 4.00 percent.
2.) From 15 to 29 days: 3.50 percent for the general public; 4.00 percent for seniors

3.) From 30 to 45 days: 3.50 percent for the general public; 4.00 percent for senior citizens

4.) From 46 to 90 days: 4.50 percent for the general public; 5.00 percent for seniors

5.) From 91 to 179 days: 4.50 percent for the general public; 5.00 percent for seniors

6.) From 180 to 270 days: 5.50 percent for the general public; 6.00 percent for seniors

7.) From 271 days to less than a year: 5.80 percent for the general public; 6.30 percent for seniors

8.) One year: 6.80 percent for the general public; 7.30 percent for seniors
9.) From 1 year to 443 days: 6.80 percent for the general public; 7.30 percent for seniors

10.) For 444 days, the general public paid 7.25 percent; elderly persons paid 7.75 percent.

11.) From 445 days to 2 years: 6.80 percent for the general public; 7.30 percent for seniors

12.) For children between the ages of 2 and 3: 7.00% for the general public; 7.50% for seniors

13.) 6.50 percent for the general population for children aged 3 to 5; 7.00 percent for seniors.

14.) For ages 5 to more than 10 years, the general public’s rate is 6.50 percent; for seniors, it is 7.30 percent.

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