If you’re looking to invest in a Fixed Deposit (FD) for guaranteed returns, it’s important to know which banks are offering the best interest rates.
Recently, three banks have updated their FD interest rates. Depending on where you invest, you can earn up to 8.25% interest. Let’s take a look at the updated rates from these three banks.
Yes Bank FD Interest Rates
Yes Bank is offering interest rates up to 8.25% for FDs of up to Rs 3 crore. The bank recently lowered the interest rate for 18-month FDs by 0.25%, making it 7.75% for regular citizens.
The interest rate for regular citizens ranges from 3.25% to 7.75%, while senior citizens can earn between 3.75% and 8.25%.
The highest rate, 8.25%, is offered to senior citizens for 18-month FDs.
For regular citizens, the interest rates range from 3.25% to 7.75%.
Senior citizens can earn higher returns, ranging from 3.75% to 8.25%, with the highest rates available for the 18-month FD period.
Punjab & Sind Bank FD Interest Rates
Punjab & Sind Bank also revised its FD rates on November 14. For regular citizens, the interest rates range from 4% to 7.45%.
Senior citizens get an extra 0.50% interest on these rates. For a non-callable FD of 555 days, the interest rate is 7.50% for regular citizens and 8% for senior citizens.
Bank of Maharashtra FD Interest Rates
Bank of Maharashtra updated its FD rates on November 14 as well. The new rates for regular citizens range from 2.75% to 7.35%.
Senior citizens will earn between 2.75% and 7.85%. Some specific FD interest rates include 6.90% f
