Comparing HDFC Bank, PNB, and ICICI Bank FD Rates
Fixed deposits have recently become an attractive investment avenue, thanks to the upward trend in interest rates since May 2022. With some banks offering rates as high as 7.75%, it’s crucial to compare your options. Let’s delve into the FD interest rates offered by HDFC Bank, Punjab National Bank (PNB), and ICICI Bank.
HDFC Bank FD Rates
HDFC Bank offers competitive FD rates based on deposit tenure and depositor’s age. Here’s a breakdown:
| Tenure | General Public (%) | Senior Citizens (%) |
|---|---|---|
| 7 days to 14 days | 3.00 | 3.50 |
| 15 days to 29 days | 3.00 | 3.50 |
For deposits below Rs 2 crore:
- 1 Year to less than 15 months: General Public – 6.60%; Senior Citizens – 7.10%
- 15 months to less than 18 months: General Public – 7.10%; Senior Citizens – 7.50%
PNB FD Rates
Punjab National Bank offers competitive interest rates on FDs. Here are the latest rates:
| Tenure | General Public (%) | Senior Citizens (%) |
|---|---|---|
| 7 days to 14 days | 3.50 | 4.00 |
| 15 days to 29 days | 3.50 | 4.00 |
For deposits below Rs 2 crore:
- 1 year: General Public – 6.75%; Senior Citizens – 7.25%
- 400 days: General Public – 7.25%; Senior Citizens – 7.75%
ICICI Bank FD Rates
ICICI Bank provides attractive FD rates across various tenures. Here’s the overview:
| Tenure | General Public (%) | Senior Citizens (%) |
|---|---|---|
| 7 days to 14 days | 3.00 | 3.50 |
| 15 days to 29 days | 3.00 | 3.50 |
For deposits below Rs 2 crore:
- 18 months to 2 years: General Public – 7.10%; Senior Citizens – 7.60%
- 5 years 1 day to 10 years: General Public – 7.00%; Senior Citizens – 7.50%
Conclusion
When comparing HDFC Bank, PNB, and ICICI Bank FD rates, it’s evident that each bank offers competitive rates across various tenures. Consider your investment goals and tenure preferences before making a decision.
Remember to check for any promotional offers or special rates that these banks may periodically introduce.
Invest wisely!