FD Rates: Till now, most of the public and private sector banks in the country have increased the interest on Fixed Deposit. But now some banks have started reducing interest on FD. It would be better for the customers to understand and invest in FDs carefully. So that, you can earn maximum returns. Till now Axis Bank and Punjab National Bank have reduced the interest on FD.
FD Rates: Till now, most of the public and private sector banks in the country have increased the interest on Fixed Deposit. But now some banks have started reducing interest on FD. It would be better for the customers to understand and invest in FDs carefully. So that, you can earn maximum returns. Till now Axis Bank and Punjab National Bank have reduced the interest on FD. Axis Bank has reduced interest on its fixed deposits from 0.05 per cent to 0.20 per cent.
PNB reduced the interest rate on FD of 666 days
Punjab National Bank (PNB Latest FD Rates) has reduced interest on 666 days FD. The bank has reduced the interest rate for ordinary citizens from 7.25 per cent to 7.05 per cent on FDs of 666 days. At the same time, the interest rate for senior citizens has been reduced from 7.75 per cent to 7.55 per cent. The bank has reduced the interest rate for NRE customers from 7.25 per cent to 7.05 per cent.
2. Axis Bank reduced interest on these FDs
After revision, Axis Bank is offering customers 3.5% to 7.10% interest on FDs ranging from 7 days to 10 years. Axis Bank has reduced the interest on some FDs below Rs 2 crore. Axis Bank has reduced the interest from 0.05 per cent to 0.20 per cent.
Here are the new interest rates on FDs below Rs 2 crore
- 7 days to 14 days: 3.50 per cent for general public; 3.50 percent for senior citizens
- 15 days to 29 days: 3.50 per cent for general public; 3.50 percent for senior citizens
- 30 days to 45 days: 3.50 per cent for general public; 3.50 percent for senior citizens
- 46 days to 60 days: 4.00 per cent for general public; 4.00 percent for senior citizens
- 61 days to less than 3 months: 4.50 per cent for general public; 4.50 percent for senior citizens
- 3 months to less than 4 months: 4.75 per cent for general public; 4.75 percent for senior citizens
- 4 months to less than 5 months: 4.75 per cent for general public; 4.75 percent for senior citizens
- 5 months to less than 6 months: 4.75 per cent for general public; 4.75 percent for senior citizens
- 6 months to less than 7 months: 5.75 per cent for general public; 6.25 percent for senior citizens
- 7 months to less than 8 months: 5.75 per cent for general public; 6.25 percent for senior citizens
- 8 months to less than 9 months: 5.75 per cent for general public; 6.00 percent for senior citizens
- 9 months to less than 10 months: 6.00 per cent for general public; 6.50 percent for senior citizens
- 10 months to less than 11 months: 6.00 per cent for general public; 6.50 percent for senior citizens
- 11 months to less than 11 months 25 days: 6.00 per cent for general public; 6.50 percent for senior citizens
- 11 months 25 days to less than 1 year: 6.00 per cent for general public; 6.50 percent for senior citizens
- 1 year to less than 1 year 4 days: 6.75 per cent for general public; 7.25 percent for senior citizens
- 1 year 5 days to less than 1 year 11 days: 6.80 per cent for general public; 7.50 percent for senior citizens
- 1 year 11 days to less than 1 year 24 days: 6.80 per cent for general public; 7.30 percent for senior citizens
- 1 year 25 days to less than 13 months: 6.80 per cent for general public; 7.30 percent for senior citizens
- 13 months to less than 14 months: 7.10 per cent for general public; 7.60 percent for senior citizens
- 14 months to less than 15 months: 7.10 per cent for general public; 7.60 percent for senior citizens
- 15 months to less than 16 months: 7.10 per cent for general public; 7.60 percent for senior citizens
- 16 months to less than 17 months: 7.10 per cent for general public; 7.60 percent for senior citizens
- 17 months to less than 18 months: 7.10 per cent for general public; 7.60 percent for senior citizens
- 18 months to less than 2 years: 7.10 per cent for general public; 7.60 percent for senior citizens
- 2 years to less than 30 months: 7.05 per cent for general public; 7.55 percent for senior citizens
- 30 months to less than 3 years: 7.00 per cent for general public; 7.50 percent for senior citizens
- 3 years to less than 5 years: 7.00 per cent for general public; 7.50 percent for senior citizens
- 5 years to 10 years: 7.00 per cent for general public; 7.50 percent for senior citizens.
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