Whenever it comes to getting guaranteed returns, the first thing that comes to mind is FD (Fixed Deposit). If you are also thinking of getting an FD, then you must first know which bank is giving how much interest.
In the last few days, 3 banks have changed the FD interest rates. If you get an FD in them, then you can get up to 8.25 percent interest. Let’s know which are these 3 banks.
1. Yes Bank FD interest rates
You can get up to 8.25 percent interest on FD of up to Rs 3 crore in Yes Bank. Recently, the bank has reduced the interest rates by 25 basis points on FDs of 18 months duration. These new rates are effective from November 5, after which the interest rate for this period has become 7.75 percent. Now common citizens will get interest ranging from 3.25 percent to 7.75 percent on FD in Yes Bank. On the other hand, senior citizens will get interest ranging from 3.75 percent to 8.25 percent. The highest interest is being given only on the period of 18 months. It is 7.75 percent for common citizens, while it is 8.25 percent for senior citizens.
2- Punjab & Sind Bank FD interest rates
Punjab and Sindh Bank has revised the interest rates on November 14 itself. Now Yes Bank’s interest rates for common citizens are between 4 percent to 7.45 percent and senior citizens are being given an additional interest of 0.50 percent. These interest rates are for a period of 7 days to 10 years. The bank is giving 7.50 percent interest on 555 days non-callable FD. Senior citizens are being given 8 percent interest on this FD.
3- Bank of Maharashtra FD interest rates
Bank of Maharashtra has also revised FD rates. After this change, the bank is now paying interest ranging from 2.75% to 7.35% for a period of 7 days to 10 years. The bank is paying interest ranging from 2.75% to 7.85% to senior citizens. The bank made changes in interest rates on November 14. The bank is paying 6.90% interest on 200 days FD, 7.35% on 333 days FD, 7.10% on 400 days FD and 7.75% on 777 days FD.
