Tuesday, November 5, 2024

So much interest is getting on one year FD in Post Office, know 5 big banks get this return!

Post Office Fixed Deposit: After the announcement of increasing the repo rate by the Reserve Bank of India, most of the big banks in the country have increased the interest rate of FD. Customers have also benefited from this. Many big banks are giving high returns on FD to the customers.

Even after increasing the FD interest rates of banks, customers remain confused about investing in post office FD and bank FD. Here let us tell you about the interest rate offered by the post office and the big banks in the country. This interest rate is given on FDs with tenor up to 1 year.

Customers get good returns by investing in Post Office FD Scheme. If you invest in a post office FD scheme for 1 year, you will get a return of 5.5%. You can open a post office FD with an investment of Rs 1,000. On the other hand, on FD for up to 5 years, you will get an interest rate of up to 6.70 percent in the bank.

The country’s largest public sector bank. State Bank of India offers its customers an interest rate of 4.90 on FDs of less than 1 year and 5.10 percent on FDs of 1 to 2 years.

The country’s largest private sector bank HDFC Bank is offering its customers an interest rate of up to 5.10 percent on FDs for up to 1 year. The country’s second-largest public sector bank. Punjab National Bank offers a 5.10 percent interest rate to its customers on FDs for up to 1 year.

Read More: Now ‘guaranteed return’ will be available under NPS, and people will get benefit from this new plan of the government.

Bank of Baroda gives a 5 percent return on FD to its customers for 1 year. According to the information given on the ICICI Bank website, the bank offers an interest rate of about 5.10 percent for a period of 1 year on FDs of less than 2 crores.

spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Latest

X changed its monetization policy, Elon Musk made a big change

The social networking platform X has decided to modify its artists' monetization approach. Users will now be less reliant on adverts as a result...

New feature given in the KTM 250 Duke, comes for Rs 2.5 lakh

The KTM 250 Duke's latest version is on the market. The TFT LCD on the KTM 250 Duke is new. Along with this, LED...

Apple to launch iPad Mini 7 on this day! know the details before launch

The iPhone 16 series is the newest iPhone series that Apple has released. Apple released four phones in this series: the iPhone 16, iPhone...

EMI to remain expensive, RBI makes no changes in the repo rate

The burden of high EMI is not alleviated. The 6.50 percent policy rate has been sustained by the Reserve Bank of India. This declaration...

Assistant Professor Recruitment in Delhi University, this is the last date

An announcement for Recruitment has been made by Delhi University for the position of Assistant Professor. The University (DU) has made this position available...

Most Popular

Subscribe

* indicates required