PNB raises FD rate again: These are the fixed deposit rates offered by 5 major banks
Live MintSeveral banks have raised their interest rates on fixed deposits in the past one month. Meanwhile, the deadline of State Bank of India's special tenure FD of 400 days wherein it offers 7.10 percent per annum rate has been extended by another three months until March 31, 2024. Punjab National Bank: PNB recently raised interest rate on fixed deposits of one specific tenure by as much as 80 basis points. PNB raised its interest rates on deposits with 300 day tenure with effect from Jan 8, 2024 On 400-days deposits, the bank offers 7.25 percent, while the FDs of tenure between 2 and 3 years, the interest rate will be 7 percent and the long duration FDs would earn an interest of 6.5 percent. On its deposits of tenure between 1 and 2 years, the bank offers 6.85 percent per annum rate.