FD is one such investment that a large number of people are still investing in. The main reason for this is the guarantee of returns. Banks keep changing their FD rates to attract customers.
A fixed deposit is an investment in which a large number of people continue to invest even today. The main reason for this is the guarantee of returns. Banks change FD rates from time to time to attract customers. Central Bank of India, Indian Overseas Bank and Punjab & Sind Bank have revised their FD rates. What are the new rates of these three banks?
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Central Bank of India Latest Fixed Deposit Rates
The bank is offering an interest rate of 2.75 per cent for 7 days to 14 days and 2.90 per cent for 15 days to 45 days. For FDs maturing between 46 days to 90 days, the bank will offer an interest rate of 3.25 per cent. Let's take a look at how much interest ordinary citizens are getting on FDs of less than Rs 2 crore for different periods.
7 days to 14 days - 2.75%
15 days to 30 days - 2.90%
31 to 45 days 2.90% 3.25% for 46 to 59 days FD
60 days to 90 days - 3.25%
91-179 days 3.80%
180 days to 270 days 4.35%
1 year & above but less than 2 years 5.20%
2 years and above but less than 3 years 5.30 per cent
5.35% for FDs of 3 years and above but less than 5 years and 5.60% for 5 years and 10 years.
Punjab & Sind Bank FD Rates -
7 to 45 days FD - 3.00%
46 to 90 days - 3.70 per cent
180 days to 269 days 4.45%
1 year to 2 years 5.25% 5.35% 5.25%
3 years to 5 years - 5.55%
5 years and above to 10 years 5.55%
Indian Overseas Bank (IOB) Fixed Deposit Rate.
The bank is offering an interest rate of 3 per cent on 7 days to 45 days FD. The bank is offering an interest rate of 3.75 per cent on 46 days to 90 days FD. Earlier, the bank was offering an interest rate of 3.50 per cent for the same tenure. The bank is offering an interest rate of 4.00 per cent on deposits maturing in 91 days to 179 days.
180 days to 269 days 4.50%
270 days or more but less than 1 year 4.50% 1 year or more but less than 2 years 5.40% 5.45% 444 days FD
2 years & above to less than 3 years 5.45%
3 years to less than 5 years - 5.60 per cent