Bank FD vs Post Office TD: Post office or bank FD, where are you getting bumper returns, see full details here – post office time deposits vs bank fds which is offering best interest rates
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Post Office Time Deposit
The government has increased interest rates on post office time deposits by up to 50 basis points. The new rates will be applicable for the quarter April to June 2023. After this hike, the interest rate on 1 year time deposit has increased from 6.6% to 6.8%. At the same time, the interest rate of 2-year time deposit has increased from 6.9% to 7%. POTD has increased from 6.9% to 7% with a tenure of 3 years. At the same time, the tenure of 5 years has been increased from 7% to 7.5%.
Interest rate on SBI FD
State Bank of India is offering an interest rate of 6.8% for its regular customers for a tenure of 1 year to less than 2 years. The bank is offering 7% interest for tenure of 2 years to less than 3 years and 6.50% interest rate for tenure of 3 years to less than 5 years. These rates are effective from February 15, 2023.
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Interest Rates on HDFC Bank FD
HDFC Bank is offering an interest rate of 6.60% for a tenure of 1 year to less than 15 months. The bank is offering an interest rate of 7.10% for a period of less than 15 months to 18 months. The bank is offering 7% interest rate for tenure between 18 months to 5 years.
ICICI Bank FD Rate
ICICI Bank is offering an interest rate of 6.70% for tenure less than 1 year to 15 months. The bank is offering an interest rate of 7.10% for tenures ranging from 15 months to less than 2 years. Bank is getting 7% interest rate on 2 years to less than 5 years.
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pnb fd rates
Punjab National Bank is offering an interest rate of 6.80% for deposits of 1 year to 665 days and 7.25% for 666 days. Punjab National Bank is offering 6.75% interest for tenure between 2-3 years and 6.50% for tenure above 3 years and up to 5 years.
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