Axis Bank, Punjab National Bank (PNB), and ICICI Bank are offering attractive Fixed Deposit (FD) interest rates based on depositor’s tenure and age. Here is a look at the rates offered by these banks on deposits below Rs.2 crore:
ICICI Bank:
– The interest rates vary based on the tenure of the fixed deposit and the age of the depositor.
– For 7 to 14 days and 15 to 29 days FDs, ICICI Bank is offering a rate of 3.00 percent for general public and 3.50 percent for senior citizens.
– The interest rates increase with the tenure of the FD, with the highest rate of 7.50 percent for senior citizens and 7.00 percent for general public on deposits of 2 years 1 day to 3 years, 3 years 1 day to 5 years.
Axis Bank:
– The interest rates vary based on the tenure of the fixed deposit and the age of the depositor.
– Deposits with a tenure of 7 days to 14 days will fetch 3.50 percent interest for general customers and senior citizens.
– The highest interest rate of 7.80 percent for senior citizens and 7.05 percent for general customers is applicable on deposits between 2 years and 30 months and 3 to 5 years.
Punjab National Bank (PNB):
– The interest rates vary based on the age of the depositor and the tenure of the fixed deposit.
– Deposits with a tenure of 7 days to 14 days will fetch 3.50 percent interest for general public and 4.00 percent for senior citizens.
– The highest interest rate of 7.50 percent for senior citizens and 7.00 percent for general customers is applicable on deposits held for 5 to 10 years.
With increased repo rates, the interest rates on FDs have become more attractive. Customers can choose the bank and the tenure that suits them the best and earn higher returns on their savings.
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