Fixed Deposits Latest Interest Rates / Best Fixed Deposits: State Bank of India (SBI), Punjab National Bank (PNB) and Axis Bank (Axis Bank) changed their fixed deposit (FD) interest rates in January 2021. FD is the most popular and preferred investment. Returns from bank FDs are considered a safe return on investment. FD is also known as Term Deposit.
Different banks of the country offer many schemes for fixed deposits according to deposits. Any account holder can choose it based on the duration, type of deposit and their savings and Withdrawal characteristics. These deposit schemes are different for both working persons and senior citizens. Generally senior citizens get higher interest rate on fixed deposits.
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Here is the information about fixed deposit (FD) of commercial bank providing good interest rates for you, which will help you get the best from your savings-
SBI Revises Fixed Deposit Rates:
7 days -45 days: 2.9%
46 days -179 days: 3.9%
180 days-210 days: 4.4%
211 days-less than 1 year: 4.4%
1 year – less than 2 years: 5%
2 years – Under 3 years: 5.1%
3 years – Less than 5 years: 5.3%
5 years -10 years: 5.4%
Axis Bank Revises Fixed Deposit Rates:
7 days-14 days: 2.50%
15 days – 29 days: 2.50%
30 days-45 days: 3%
46 days-60 days: 3%
61 days – Less than 3 months: 3%
3 months <less than 4 months: 3.50%
4 months <less than 5 months: 3.75%
5 months <less than 6 months: 3.75%
6 months – less than 7 months: 4.40%
7 months – less than 8 months: 4.40%
8 months – less than 9 months: 4.40%
Less than 9 months -10 months: 4.40%
10 months-less than 11 months: 4.40%
11 months-11 months less than 25 days: 4.40%
11 months 25 days-less than 1 year: 5.15%
Less than 30 months -3 years: 5.40%
3 years – Less than 5 years: 5.40%
5 years -10 years: 5.50%
PNB Bank Revises Fixed Deposit Rates:
7-14 days: 3%
15-29 days: 3%
30-45 days: 3%
46-90 days: 3.25%
91 days-179 days: 4%
180 days-270 days: 4.4%
271 days-less than 1 year: 4.5%
One Year: 5.20%
Over 1 year and up to 2 years: 5.20%
Over 2 years and up to 3 years: 5.20%
Over 3 years and up to 5 years: 5.30%
Over 5 years and up to 10 years: 5.30%
It is worth mentioning that fixed deposits in banks are considered to be the most secure, because the amount of investment in it is decided to increase. Fixed deposits are also the easiest method of investment for everyone. There is no risk of sinking money in it. Because of this, people are most interested in fixed deposits.
