Hi Everyone...Presenting you the different Fixed deposit interest rates of two largest Nationalized banks...SBI and PNB...Highlighting and comparing their Interest for different tenor. As our Secondary Market is not so dynamic nowadays... Fixed deposits are good options according to me...Namaste
Referred from Official website of SBI and PNB -:
Revision in Interest
Rates On Retail Domestic term deposits (Below Rs. 2 crore) interest rates
revised w.e.f. 13.12.2022
Accordingly, the interest rates for Retail Domestic Term
Deposits ‘Below Rupees Two Crore 'have been revised.The revised interest rates
are as under :
(All figures in % per annum)
|
Tenors |
Existing Rates for Public w.e.f.
22.10.2022 |
Revised Rates For Public w.e.f.
13.12.2022 |
Existing Rates for Senior Citizens
w.e.f. 22.10.2022 |
Revised Rates for Senior Citizens
w.e.f. 13.12.2022 |
|
7 days to 45 days |
3.00 |
3.00 |
3.50 |
3.50 |
|
46 days to 179 days |
4.50 |
4.50 |
5.00 |
5.00 |
|
180 days to 210 days |
5.25 |
5.25 |
5.75 |
5.75 |
|
211 days to less than 1 year |
5.50 |
5.75 |
6.00 |
6.25 |
|
1 year to less than 2 year |
6.10 |
6.75 |
6.60 |
7.25 |
|
2 years to less than 3 years |
6.25 |
6.75 |
6.75 |
7.25 |
|
3 years to less than 5 years |
6.10 |
6.25 |
6.60 |
6.75 |
|
5 years and up to 10 years |
6.10 |
6.25 |
6.90 |
7.25@ |
@Including additional premium of 50 bps
under “SBI Wecare’’ deposit scheme
A special ‘SBI Wecare’
Deposit for Senior Citizens in the Retail TD segment wherein an additional
premium of 50 bps over & above the existing 50 bps i.e. 100 bps over card
rate for public (as indicated in the above table) will be paid to Senior Citizens
on their retail TD for '5 Years and above' tenor only. ‘SBI Wecare’ deposit
scheme stands extended up to 31st March 2023.
Domestic
Term Deposits (Below Rs. 2 Crore) Interest Rates Revised W.E.F. 01.01.2023
|
Domestic/NRO
$ Fixed Deposit Scheme |
|||||||
|
Sl.
No |
Period |
Existing Rates For Public W.E.F. 19.12.2022 |
Revised Rates For Public W.E.F. 01.01.2023 |
*Existing Rates For Senior Citizens W.E.F. 19.12.2022 |
*Revised Rates For Senior Citizens W.E.F. 01.01.2023 |
#Existing Rates For Super Senior Citizens W.E.F. 29.12.2022 |
#Revised Rates For Super Senior Citizens W.E.F. 01.01.2023 |
|
1 |
7 to
14 days |
3.50 |
3.50 |
4.00 |
4.00 |
4.30 |
4.30 |
|
2 |
15 to
29days |
3.50 |
3.50 |
4.00 |
4.00 |
4.30 |
4.30 |
|
3 |
30 to
45 days |
3.50 |
3.50 |
4.00 |
4.00 |
4.30 |
4.30 |
|
4 |
46 to
90 days |
4.50 |
4.50 |
5.00 |
5.00 |
5.30 |
5.30 |
|
5 |
91 to
179 days |
4.50 |
4.50 |
5.00 |
5.00 |
5.30 |
5.30 |
|
6 |
180
days to 270 Days |
5.50 |
5.50 |
6.00 |
6.00 |
6.30 |
6.30 |
|
7 |
271
days to less than 1 year |
5.50 |
5.50 |
6.00 |
6.00 |
6.30 |
6.30 |
|
8 |
1
year |
6.30 |
6.75 |
6.80 |
7.25 |
7.10 |
7.55 |
|
9 |
above
1 year to 665 days |
6.30 |
6.75 |
6.80 |
7.25 |
7.10 |
7.55 |
|
10 |
666
days |
7.25 |
7.25 |
7.75 |
7.75 |
8.05 |
8.05 |
|
11 |
667
days to 2 years |
6.30 |
6.75 |
6.80 |
7.25 |
7.10 |
7.55 |
|
12 |
above
2 year & upto 3 years |
6.25 |
6.75 |
6.75 |
7.25 |
7.05 |
7.55 |
|
13 |
above
3 year & upto 5 years |
6.50 |
6.50 |
7.00 |
7.00 |
7.30 |
7.30 |
|
14 |
above
5 years & upto 10 years |
6.50 |
6.50 |
7.30 |
7.30 |
7.30 |
7.30 |
*Senior Citizen-Age 60 Year and upto 80 Year, #Super Senior
Citizen- Age above 80 Year.
** The additional rate of interest applicable on domestic
deposits accepted from senior citizens is not applicable for NRO deposits.
·
The Senior citizens of age 60 years and up to 80 years shall get
an additional rate of interest of 50 bps over applicable card rates for a
period up to 5years and 80bps for a period above 5 years on domestic deposits
of less than Rs. 2 Crore. In case of staff members as well as retired staff
members who are also Senior Citizens, maximum rate of interest to be allowed
over applicable card rate shall be 150 bps for a period upto 5 years and 180bps
for period above 5 years.
·
Further, Super Senior Citizens of age above 80 years shall get
additional rate of interest of 80bps over applicable card rate across all
maturity buckets. In case of staff members as well as retired staff members who
are also Super Senior Citizens, maximum rate of interest to be allowed over
applicable card rate shall be 180 bps over applicable card rate across all
maturity buckets.
·
“The Calculation Of Interest On Deposits Accepted Under
Different Scheme Is To Be Paid On The Basis Of 365 Days A Year, Unless
Otherwise Specified”.
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