FD Investment: The number of people investing in FD is also not less. Many investors like to invest in FD for fixed returns. Now banks have also started giving good interest. Some banks have revised the interest rates of FD. With this revision, the interest rate of FD has increased. Know which banks have increased the interest rates:
Those investing in Fixed Deposit (FD) will now get higher returns. Some banks have revised the interest rates on FD. With this revision, the annual interest rate has gone up to more than 8 percent. Among these, three banks are Punjab National Bank, Punjab & Sindh and Bank of Baroda. If you are looking for FD with higher interest rate, then you can make FD in these banks. New rates have been implemented.
In the recent past, the number of people investing in FD has increased. The reason for this is that there is no risk of market fluctuations on investing in FD. Investors get a fixed return. Despite the interest rate being lower than many other schemes, many people prefer to invest in these.
Punjab National Bank
Punjab National Bank is giving interest rates between 3.50% to 7.25% to general citizens on FDs ranging from 7 days to 10 years. For senior citizens, the bank is giving interest rates between 4% to 7.75% and for super senior citizens it is 4.30% to 8.05%. Apart from this, the bank is giving interest rates of 7.25%, 7.75% and 8.05% on a period of 400 days.
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Punjab and Sindh Bank
This bank is giving interest rates between 2.80% to 7.25% for general citizens for a period of 7 days to 10 years. On the other hand, senior citizens are getting an additional interest of 0.50% on fixed deposits of less than Rs 3 crore. An additional interest of 0.15% is being given on Super Senior Citizens Special FD (222 days, 333 days, 444 days, 666 days, 999 days).
Bank of Baroda
This bank is also giving attractive interest rates to investors on FD. General citizens are getting interest rates between 4.25% to 7.15% on tenures ranging from 7 days to 10 years. The bank is giving interest rates between 4.75% to 7.60% to senior citizens. At the same time, additional interest rates are being given to super senior citizens.
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