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  • Fixed Deposit Rate: ICICI Bank has revised the interest rate on FD, check the latest interest rate





    ICICI Bank

    ICICI Bank Fixed Deposit Rate: The country’s second largest private sector bank ICICI has revised the FD interest rates. This revision in FD interest rates has been done after the RBI meeting.

    The new rates of ICICI Bank have come into effect from today, 9 August 2024. The country’s second largest private sector bank ICICI has revised the FD interest rates. This revision in FD interest rates has been done after the RBI meeting. The new rates of ICICI Bank have come into effect from today, 9 August 2024. These revised interest rates are applicable for FDs up to Rs 3 crore. The bank is offering the highest interest rate of 7.80% to senior citizens. The highest interest rate of FD for common people is 7.25%.

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    ICICI Bank

    • 7 days to 29 days: For general public – 3.00%; For senior citizens – 3.50%
    • 30 days to 45 days: For general public – 3.50%; For senior citizens – 4.00%
    • 46 days to 60 days: For general public – 4.25 percent; For senior citizens – 4.75 percent
    • 61 days to 90 days: For general public – 4.50%; For senior citizens – 5.00%
    • 91 days to 184 days: For general public – 4.75 percent; For senior citizens – 5.25 percent
    • 185 days to 270 days: For general public – 5.75 percent; For senior citizens – 6.25 percent
    • 271 days to less than 1 year: For general public – 6.00%; For senior citizens – 6.50%
    • Less than one year to 15 months: 6.70 percent; For senior citizens – 7.20 percent
    • 15 months to less than 18 months: For general public – 7.25 per cent; For senior citizens – 7.80 per cent
    • 18 months to 2 years: For general public – 7.25 percent; For senior citizens – 7.75 percent
    • 2 years 1 day to 5 years: For general public – 7.00 percent; For senior citizens – 7.50 percent
    • 5 years 1 day to 10 years: For general public – 6.90 per cent; For senior citizens – 7.40 per cent.
    • 5 year tax saving FD: 7 per cent; For senior citizens – 7.50 per cent.

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  • ICICI Bank has revised the interest rate on FD, you will get 7.75% interest on this FD





    ICICI Bank Fixed Deposit Rate: The country’s second largest bank ICICI has revised the interest rates of FD. The new rates of ICICI Bank have come into effect from August 1, 2024. The revised interest rates are applicable for FDs up to Rs 3 crore.

    The bank is offering the highest interest rate of 7.75% for senior citizens. The highest interest rate of FD for common people is 7.2%.

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    ICICI Bank

    • 7 days to 29 days: For general public – 3.00%; For senior citizens – 3.50%
    • 30 days to 45 days: For general public – 3.50%; For senior citizens – 4.00%
    • 46 days to 60 days: For general public – 4.25 percent; For senior citizens – 4.75 percent
    • 61 days to 90 days: For general public – 4.50%; For senior citizens – 5.00%
    • 91 days to 184 days: For general public – 4.75 percent; For senior citizens – 5.25 percent
    • 185 days to 270 days: For general public – 5.75 percent; For senior citizens – 6.25 percent
    • 271 days to less than 1 year: For general public – 6.00%; For senior citizens – 6.50%
    • Less than one year to 15 months: 6.70 percent; For senior citizens – 7.20 percent
    • 15 months to less than 18 months: For general public – 7.20 per cent; For senior citizens – 7.75 per cent
    • 18 months to 2 years: For general public – 7.20 percent; For senior citizens – 7.70 percent
    • 2 years 1 day to 5 years: For general public – 7.00 percent; For senior citizens – 7.50 percent
    • 5 years 1 day to 10 years: For general public – 6.90 per cent; For senior citizens – 7.40 per cent.
    • 5 year tax saving FD: 7 per cent; For senior citizens – 7.50 per cent.

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    Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @rightsofemployeescom@gmail.com


  • Axis Bank revised interest on FD, check latest interest rate





    Axis Bank FD Rates : Axis Bank has revised the interest rates of FD. Axis Bank is offering interest ranging from 3 percent to 7.20 percent to general customers after the new revision.

    At the same time, senior citizens are being given interest ranging from 3.50 percent to 7.85 percent. The bank is offering FDs from 7 days to 10 years. The new interest rates of Axis Bank are applicable from today, 1 August 2024.

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    Axis Bank interest rates on FDs less than Rs 3 crore

    • 7 days to 14 days: 3.00% for general public; 3.50% for senior citizens
    • 15 days to 29 days: 3.00% for general public; 3.50% for senior citizens
    • 30 days to 45 days: 3.50 percent for general public; 4 percent for senior citizens
    • 46 days to 60 days: 4.25 per cent for general public; 4.75 per cent for senior citizens
    • 61 days to less than 3 months: 4.50 per cent for general public; 5 per cent for senior citizens
    • 3 months to less than 4 months: 4.75 per cent for general public; 5.25 per cent for senior citizens
    • 4 months to less than 5 months: 4.75 per cent for general public; 5.25 per cent for senior citizens
    • 5 months to less than 6 months: 4.75 per cent for general public; 5.25 per cent for senior citizens
    • 6 months to less than 7 months: 5.75 per cent for general public; 6.25 per cent for senior citizens
    • 7 months to less than 8 months: 5.75 per cent for general public; 6.25 per cent for senior citizens
    • 8 months to less than 9 months: 5.75 per cent for general public; 6.25 per cent for senior citizens
    • 9 months to less than 10 months: 6.00 per cent for general public; 6.50 per cent for senior citizens
    • 10 months to less than 11 months: 6.00 per cent for general public; 6.50 per cent for senior citizens
    • 11 months to less than 11 months 25 days: 6.00 per cent for general public; 6.50 per cent for senior citizens
    • 11 months 25 days to less than 1 year: 6.00% for general public; 6.50% for senior citizens
    • 1 year to less than 1 year 4 days: 6.70 per cent for general public; 7.20 per cent for senior citizens
    • 1 year 5 days to less than 1 year 11 days: 6.70 per cent for general public; 7.20 per cent for senior citizens
    • 1 year 11 days to less than 1 year 24 days: 6.70 per cent for general public; 7.20 per cent for senior citizens
    • 1 year 25 days to less than 13 months: 6.70 per cent for general public; 7.20 per cent for senior citizens
    • 13 months to less than 14 months: 6.70 per cent for general public; 7.20 per cent for senior citizens
    • 14 months to less than 15 months: 6.70 per cent for general public; 7.20 per cent for senior citizens
    • 15 months to less than 16 months: 7.10 per cent for general public; 7.60 per cent for senior citizens
    • 16 months to less than 17 months: 7.10 per cent for general public; 7.60 per cent for senior citizens
    • 17 months to less than 18 months: 7.20 per cent for general public; 7.85 per cent for senior citizens
    • 18 months to less than 2 years: 7.10 per cent for general public; 7.70 per cent for senior citizens
    • Less than 2 years to 30 months: 7.10 per cent for general public; 7.60 per cent for senior citizens
    • 30 months to less than 3 years: 7.10 per cent for general public; 7.60 per cent for senior citizens
    • 3 years to less than 5 years: 7.10 percent for general public; 7.60 percent for senior citizens
    • 5 years to 10 years: 7.00 per cent for general public; 7.75 per cent for senior citizens.

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  • Good news! The scope of the new housing scheme may increase, more discount in interest on buying a house

    Property

    New Delhi. The government is planning to provide more relief to middle class families who are dreaming of buying a house. According to exclusive information received by CNBC from sources, the government can increase the scope of the New Housing Scheme.

    There is a plan to increase the limit set for the benefit of credit linked subsidy in this scheme. If this happens, then houses of higher price than before will come under the scope of this scheme.

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    Apart from this, there is a proposal to simplify the definition of middle class in the scheme. These decisions will benefit the middle class family. According to sources, the Urban Development Ministry has sent the draft note and guidelines to the Cabinet for approval, which is likely to be approved in 2 to 3 months. In Budget 2024, Rs 2.2 lakh crore has been allocated for PMAY-U in 5 years.

    Also Read: Good news for employees, Dearness Allowance arrears will be paid before Rakshabandhan

    According to information received from sources, interest rebate is possible on houses up to Rs 50 lakh under the government’s New Housing Scheme.

    -Under this discount, beneficiaries of Pradhan Mantri Awas Yojana-Urban (CLSS) will get a discount of 3 to 6.5 percent in interest rates. Currently, the Credit Linked Subsidy Scheme provides discount on interest on houses up to Rs 45 lakh.

    -In the new scheme, the government has set a target of building 1 crore houses.

    -For the convenience of the beneficiaries of this scheme, all approvals will be given through single window system.

     

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  • Strat-O-Matic Clubs Mark One Year With Huge Player Interest, Growth

    More than 20 Clubs Active with 50+ in Formative Stages; Connecticut and New Jersey Clubs First to Surpass 12 Months

    GLEN HEAD, N.Y, July 29, 2024—Last summer, Strat-O-Matic (@strat-o-matic), the market leader in sports simulation games, announced Strat-O-Matic Clubs, its first ever unified national club program. Players from across the U.S. got on board, with groups quickly forming.

    A year later, more than 20 Strat-O-Matic Clubs, including the charter Clubs in Connecticut, New Jersey, Detroit, Philadelphia, Kansas City and Long Island (N.Y) are thriving, with hundreds of participants across all the Clubs. And more than 50 are developing, with fans inquiring about beginning their own in new locations daily.

    Strat-O-Matic Clubs Mark One Year With Huge Player Interest, Growth

    “When we launched the Clubs program, we were confident that Strat-O-Matic players were looking for like-minded fans who enjoy getting together to enjoy their favorite game,” said Adam Richman, CEO, Strat-O-Matic Media. “We have been overwhelmed with the tremendous feedback, with many referencing the social nature of the Clubs, how they have met new players and how their groups continue to expand, with some participating in multiple Clubs every month.”

    Fans interested in leading or joining a Strat-O-Matic Club are encouraged to email StratClub@Strat-O-matic.com, and check out details of current clubs and locations at Club members receive discounts on game sets and other SOM merchandise, a personalized game card, exclusive Zoom with a Strat-O-Matic personality and other perks.

    In addition to the Connecticut, Central New Jersey and Long Island locations, some of the most popular and active Strat-O-Matic Clubs are running in Florida, Tennessee, South Carolina, North New Jersey, North Kentucky, Georgia and California. Interest has been shown in more than 30 other states.


    Neel Achary

  • Post Office’s Superhit plan for Senior citizen, will give interest up to ₹ 12,30,000 in 5 years

    Senior Citizens Savings Scheme: Senior citizens get a lump sum amount on retirement. If this money is left in the bank account, it will get spent slowly. It is better that you invest this money in a scheme where you get a huge profit.

    If such a thought is in your mind too, then you should definitely consider the Post Office Senior Citizen Savings Scheme. Elderly people are given a good interest in this scheme. Know the important things related to this scheme here.

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    8.2% interest is being received

    Post Office Senior Citizen Savings Scheme is a deposit scheme. In this, a fixed amount is deposited for 5 years. Senior citizens can invest up to Rs 30,00,000 in this scheme, while the minimum investment limit is Rs 1000. At present, SCSS is getting interest at the rate of 8.2 percent.

    This way you will get interest of ₹ 12,30,000

    As we told you, you can deposit a maximum of Rs 30,00,000 in this scheme. If you invest this amount in this scheme, then in 5 years you will get an interest of Rs 12,30,000 at the rate of 8.2%. Every quarter, Rs 61,500 will be credited as interest. In this way, after 5 years, you will get a total of Rs 42,30,000 as maturity amount.

    Also Read: New rules for Capital Gains Tax have come into effect, CBDT explained through FAQ

    If you deposit 15 lakh rupees in this scheme for 5 years, then according to the current interest rate of 8.2 percent, you will get ₹ 6,15,000 in 5 years as interest only. If you calculate the interest on quarterly basis, then you will get ₹ 30,750 interest every three months. In this way, by adding 15,00,000 and the interest amount of 6,15,000, you will get a total of 21,15,000 rupees as maturity amount.

    Who can invest

    Any person who is 60 years of age or above can invest. Civil sector government employees taking VRS and those retiring from defense are given relaxation in age limit with some conditions. The scheme matures after 5 years. If you want to continue the benefits of this scheme even after 5 years, then after the deposit amount matures, you can extend the account period for three years. It can be extended within 1 year of maturity. The extended account gets interest at the rate applicable on the date of maturity. SCSS offers tax exemption under section 80C.

     

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  • FD Rate Revised: These three banks have revised the interest on FD, check the interest rate





    Highest FD Rates:
    Highest FD Rates:

    HDFC Bank Vs ICICI Bank Vs Axis Bank FD Interest Rates : Among the private sector banks in India, HDFC Bank has increased the interest rates on FDs from July 24. HDFC Bank has increased the interest rates as per the new interest rates on deposits less than Rs 3 crore.

    35 month and 55 month FDs have been increased by 20 basis points to 7.35 percent and 7.40 percent respectively. The bank is offering a maximum interest rate of 7.40 percent on FDs maturing in 4 years 7 months to 55 months. Here ICICI Bank and Axis Bank have also been compared. These banks are offering a maximum interest rate of 7.20 percent.

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    HDFC Bank interest rates on FDs up to Rs 3 crore

    • 7 days to 14 days: For general public – 3.00%; For senior citizens – 3.50%
    • 15 days to 29 days: For general public – 3.00%; For senior citizens – 3.50%
    • 30 days to 45 days: For general public – 3.50%; For senior citizens – 4.00%
    • 46 days to 60 days: For general public – 4.50%; For senior citizens – 5.00%
    • 61 days to 89 days: For general public – 4.50 percent; For senior citizens – 5.00 percent
    • 90 days to 6 months: For general public – 4.50%; For senior citizens – 5.00%
    • 6 months 1 day to less than 9 months: For general public – 5.75 per cent; For senior citizens – 6.25 per cent
    • 9 months 1 day to less than 1 year: For general public – 6.00 per cent; For senior citizens – 6.50 per cent
    • Less than 1 year to 15 months: For general public – 6.60 percent; For senior citizens – 7.10 percent
    • 15 months to less than 18 months: For general public – 7.10 per cent; For senior citizens – 7.50 per cent
    • 18 months to less than 21 months: For general public – 7.25 per cent; For senior citizens – 7.75 per cent
    • 21 months to 2 years: For general public – 7.00 percent; For senior citizens – 7.50 percent
    • 2 years 1 day to less than 2 years 11 months: For general public – 7.00 per cent; For senior citizens – 7.50 per cent
    • 2 years 11 months to 35 months: For general public – 7.35 percent; For senior citizens – 7.85 percent
    • 2 years 11 months 1 day to less than or equal to 3 years: For general public – 7.00 per cent; For senior citizens – 7.50 per cent
    • 3 years 1 day to less than 4 years 7 months: For general public – 7.00 per cent; For senior citizens – 7.50 per cent
    • 4 years 7 months to 55 months: For general public – 7.40 percent; For senior citizens – 7.90 percent
    • 4 years 7 months 1 day to less than or equal to 5 years: For general public – 7.00 per cent; For senior citizens – 7.50 per cent
    • 5 years 1 day to 10 years: For general public – 7.00 per cent; For senior citizens – 7.50 per cent.

    ICICI Bank interest rates on FDs up to Rs 3 crore

    • 7 days to 29 days: For general public – 3.00%; For senior citizens – 3.50%
    • 30 days to 45 days: For general public – 3.50%; For senior citizens – 4.00%
    • 46 days to 60 days: For general public – 4.25 percent; For senior citizens – 4.75 percent
    • 61 days to 90 days: For general public – 4.50%; For senior citizens – 5.00%
    • 91 days to 184 days: For general public – 4.75 percent; For senior citizens – 5.25 percent
    • 185 days to 270 days: For general public – 5.75 percent; For senior citizens – 6.25 percent
    • 271 days to less than 1 year: For general public – 6.00 percent; For senior citizens – 6.50 percent
    • Less than 1 year to 15 months: For general public – 6.70 percent; For senior citizens – 7.20 percent
    • 15 months to less than 18 months: For general public – 7.20 per cent; For senior citizens – 7.75 per cent
    • 18 months to 2 years: For general public – 7.20 percent; For senior citizens – 7.70 percent
    • 2 years 1 day to 5 years: For general public – 7.00 percent; For senior citizens – 7.50 percent
    • 5 years 1 day to 10 years: For general public – 6.90 percent; For senior citizens – 7.40 percent
    • 5 Years (Tax Saver FD): For general public – 7.00 per cent; For senior citizens – 7.50 per cent.

    Axis Bank Interest Rates – FDs up to Rs. 3 Crores

    • 7 days to 14 days: For general public – 3.00%; For senior citizens – 3.50%
    • 15 days to 29 days: For general public – 3.00%; For senior citizens – 3.50%
    • 30 days to 45 days: For general public – 3.50%; For senior citizens – 4.00%
    • 46 days to 60 days: For general public – 4.25 percent; For senior citizens – 4.75 percent
    • 61 days to less than 3 months: For general public – 4.50 percent; For senior citizens – 5.00 percent
    • 3 months to 3 months 24 days: For general public – 4.75 per cent; For senior citizens – 5.25 per cent
    • 3 months 25 days to less than 4 months: For general public – 4.75 per cent; For senior citizens – 5.25 per cent
    • 4 months to less than 5 months: For general public – 4.75 per cent; For senior citizens – 5.25 per cent
    • 5 months to less than 6 months: For general public – 4.75 per cent; For senior citizens – 5.25 per cent
    • 6 months to less than 7 months: For general public – 5.75 per cent; For senior citizens – 6.25 per cent
    • 7 months to less than 8 months: For general public – 5.75 per cent; For senior citizens – 6.25 per cent
    • 8 months to less than 9 months: For general public – 5.75 per cent; For senior citizens – 6.25 per cent
    • 9 months to 10 months: For general public – 6.00 percent; For senior citizens – 6.50 percent
    • 10 months to less than 11 months: For general public – 6.00 per cent; For senior citizens – 6.50 per cent
    • 11 months to 11 months 24 days: For general public – 6.00 per cent; For senior citizens – 6.50 per cent
    • 11 months 25 days to less than 1 year: For general public – 6.00 per cent; For senior citizens – 6.50 per cent
    • 1 year to 1 year 4 days: For general public – 6.70 percent; For senior citizens – 7.20 percent
    • 1 year 5 days to 1 year 10 days: For general public – 6.70 percent; For senior citizens – 7.20 percent
    • 1 year 11 days to 1 year 24 days: For general public – 6.70 percent; For senior citizens – 7.20 percent
    • 1 year 25 days to less than 13 months: For general public – 6.70 percent; For senior citizens – 7.20 percent
    • 13 months to less than 14 months: For general public – 6.70 per cent; For senior citizens – 7.20 per cent
    • 14 months to less than 15 months: For general public – 6.70 per cent; For senior citizens – 7.20 per cent
    • 15 months to less than 16 months: For general public – 7.10 per cent; For senior citizens – 7.60 per cent
    • 16 months to less than 17 months: For general public – 7.10 per cent; For senior citizens – 7.60 per cent
    • 17 months to less than 18 months: For general public – 7.20 per cent; For senior citizens – 7.85 per cent
    • 18 months to less than 2 years: For general public – 7.10 percent; For senior citizens – 7.60 percent
    • 2 years to 30 months: For general public – 7.10 percent; For senior citizens – 7.60 percent
    • 30 months to less than 3 years: For general public – 7.10 percent; For senior citizens – 7.60 percent
    • 3 years to less than 5 years: For general public – 7.10 percent; For senior citizens – 7.60 percent
    • 5 years to less than 10 years: For general public – 7.00 per cent; For senior citizens – 7.75 per cent.

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  • HDFC Bank has increased the interest rates on FDs for this period. Details





    HDFC Bank : The country’s largest private sector bank HDFC has given a gift to its crores of customers after the budget. Finance Minister Nirmala Sitharaman presented the budget yesterday.

    After the budget, HDFC Bank has increased the FD rates by 0.20 percent. HDFC Bank is offering FDs from 7 days to 10 years. This increase has been made on FDs of only a few periods. These new rates have come into effect from today, 24 July 2024.

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    HDFC Bank interest rates on FDs up to Rs 2 crore

    • 7 days to 14 days: For general public – 3%; For senior citizens – 3.50%
    • 15 days to 29 days: For general public – 3%; For senior citizens – 3.50%
    • 30 days to 45 days: For general public – 3.50 percent; For senior citizens – 4 percent
    • 46 days to 60 days: For general public – 4.50%; For senior citizens – 5.00%
    • 61 days to 89 days: For general public – 4.50 percent; For senior citizens – 5 percent
    • 90 days to 6 months: For general public – 4.50 percent; For senior citizens – 5 percent
    • 6 months 1 day to less than 9 months: For general public – 5.75 per cent; For senior citizens – 6.25 per cent
    • 9 months 1 day to less than 1 year: For general public – 6.00 per cent; For senior citizens – 6.50 per cent
    • Less than 1 year to 15 months: For general public – 6.60 percent; For senior citizens – 7.10 percent
    • 15 months to less than 18 months: For general public – 7.10 per cent; For senior citizens – 7.60 per cent
    • 18 months 1 day to less than 21 months: For general public – 7.25 per cent; For senior citizens – 7.75 per cent
    • 21 months to 2 years: For general public – 7.00 percent; For senior citizens – 7.50 percent
    • 2 years 1 day and less than 2 years 11 months: For general public – 7.00 per cent; For senior citizens – 7.50 per cent
    • 2 years 11 months 1 day and upto 35 months – 7.35 percent; For senior citizens – 7.85 percent
    • 2 years 11 months 1 day and upto 3 years – 7.00 percent; For senior citizens – 7.50 percent
    • 3 years 1 day to 4 years 7 months – 7.00 percent; For senior citizens – 7.50 percent
    • 4 years 7 months to 55 months – 7.40 percent; For senior citizens – 7.90 percent
    • 4 years 7 months 1 day to less than 5 years: For general public – 7.00%; For senior citizens – 7.50%
    • 5 years to 10 years: For general public – 7.00%; For senior citizens – 7.50%

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  • Special FD Offers: You get up to 9.60% interest on FD in these banks, check the latest rates

    If you are planning to invest in Fixed Deposit (FD), then this news is very useful for you. Actually, at present, apart from the big public and private sector lender banks of the country, Small Finance Banks are also offering huge interest to their customers on FD.

    However, the risk of investing in Small Finance Bank is slightly higher than normal banks. Whereas in terms of returns, Small Finance Banks (SFB) offer much higher interest than normal banks. At present, some Small Finance Banks are offering up to 9.60 percent interest to their customers on FD. Let us know about 10 such Small Finance Banks which are offering the highest interest to their customers on investing in FD.

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    The highest interest rate available here is 9.60%

    Suryodaya Small Finance Bank is offering 9.10 percent interest to its general customers on 5-year FDs and up to 9.60 percent interest to its senior citizen customers. While Unity Small Finance Bank is offering 9 percent interest to its general customers on 101-day FDs and 9.50 percent interest to senior citizen customers. Apart from this, Fincare Small Finance Bank is offering 8.51 percent interest to its general customers on 1000-day FDs and 9.1 percent interest to senior citizen customers.

    Also Read: Petrol Diesel Price Today: New prices of petrol and diesel released for July 20, check the latest fuel rate in your city

    On the other hand, Equitas Small Finance Bank is offering 8.50 percent interest to its general customers on 888-day FDs and 9 percent interest to senior citizen customers. At the same time, ESAF Small Finance Bank is offering 8.50 percent interest to its general customers on FDs ranging from 2 years to less than 3 years and 9 percent interest to senior citizen customers.

    Here you are getting 9% interest on FD

    On the other hand, Jana Small Finance Bank is giving 8.50 percent interest to its general customers and 9 percent interest to senior citizen customers on FDs of 500 days. While Utkarsh Small Finance Bank is giving 8.25 percent interest to its general customers and 8.85 percent interest to senior citizen customers on FDs of 1000 to 1500 days. Apart from this, Ujjivan Small Finance Bank is giving 8.25 percent interest to its general customers and 8.75 percent interest to senior citizen customers on FDs of 560 days.

    While Shivalik Small Finance Bank is giving 8.15 percent interest to general customers and 8.65 percent interest to senior citizen customers on FDs of 24 months to 36 months. On the other hand, Au Small Finance Bank is giving 7.75 percent interest to its general customers on FDs of 24 months 1 day to 36 months, while it is giving 8.25 percent interest to its senior citizen customers.

     

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  • POTD vs Bank FD: Post Office Time Deposit gives more interest than Bank FD, check latest rate

    New Delhi. Saving is very important these days. To meet future needs, people invest along with saving. However, there are many investment options available.

    Many investors want to make secure investments. The first option that comes to mind when it comes to secure investment options is Bank FD and Post Office Scheme .

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    If you are also going to select the bank FD option, then wait now. Let us tell you that in the term deposit scheme of the post office, you will get more interest and guaranteed returns than the bank FD.

    Post Office Term Deposit

    There is no risk in the Post Office Term Deposit Scheme and it gives guaranteed returns. Currently, the Post Office Term Deposit is getting 7.5 percent interest (Post Office Term Deposit Interest Rate) for a period of five years. This scheme has the same interest rate for all investors, that is, senior citizens also get 7.5 percent interest.

    Also Read: Air India started a new service, you can buy air tickets with gift cards; Know how?

    Interest is paid annually, but interest calculation is done every quarter. Let us tell you that you can close this scheme before the stipulated time as well. However, if you withdraw the interest before the stipulated time, you will get a lower interest rate.

    Understand it like this, if you withdraw after 4 years in a five year scheme, you will get interest at the rate of 4 percent.

    • Maturity period- 5 years
    • Interest rate- 7.5%

    Bank FD

    The interest rate of bank FD is different for every bank. Apart from this, the rates for senior citizens and super senior citizens are different in bank FD. Most of the big banks of the country are offering 7 percent interest on FD maturing in five years.

    What is the interest rate in which bank

    Bank FD Interest rates for general public Interest Rates for Senior Citizens
    State Bank Of India 7% 7.50%
    HDFC bank 7% 7.50%
    ICICI Bank 7% 7.50%
    Punjab National Bank 6.50% 7.30%
    bank of india 6.50% 7%
    IDBI Bank 6.50% 7%
    IDFC First 7% 7.50%
    Bank Of Baroda 6.50% 7.15%
    Indian Bank 6.25% 6.75%
    Canara Bank 6.70% 7.20%

    If you make a bank FD, then first of all you should compare the interest rates of all the banks. Apart from this, also read the terms and conditions of bank FD carefully.

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