Bank FD Vs Govt Bonds: Are G-Secs, T-Bills Offering More Returns? Know In Details
News 18Bank FD Vs G-Secs, T-Bills: As the Reserve Bank of India has been hiking interest rates for the past few months to control inflation in the country, banks are also raising their interest rates on both deposits and loans. Btw, they’re open for investing every Monday on @CoinByZerodha https://t.co/iJolUvPBFU pic.twitter.com/rpBWIs1pOE — Nithin Kamath November 7, 2022 Data shared by Kamath showed that on a deposit tenure of 91 days, T-Bills are offering an interest rate of 6.47 per cent, which is much higher than the returns being offered by major commercial banks. HDFC Bank, SBI, ICICI Bank, Axis Bank, PNB and IDFC Bank are offering a fixed interest rate of 4.50 per cent on FD duration of 91 days. On deposits for 182 days, T-Bills are offering a 6.80 per cent returns, which is higher IDFC’s 5.75 per cent, PNB’s 5.50 per cent, Axis Bank’s 5.25 per cent, ICICI Bank’s 5.25 per cent, SBI’s 5.25 per cent and HDFC Bank’s 5.25 per cent. For an FD duration of 364 days, T-Bills are offering an interest rate of 6.95 per cent, which is higher than the 5.75 per cent being offered by IDFC Bank and the 5.5 per cent each by PNB, Axis Bank, ICICI Bank, SBI and HDFC Bank.