Axis Bank, Punjab National Bank (PNB), and State bank of India (SBI) have increased the interest rates on certain fixed deposits Tamil News:
Axis, PNB HFL, SBI hiked interest rates on fixed deposit investments Tamil News: Punjab National Bank, the country’s second-largest public sector bank, has hiked interest rates on fixed deposit schemes. Increased FT interest rates from 10 bps to 25 bps depending on the deposit period. These new rates will come into effect from June 15, 2022. Also these new rates are Rs. Designed to accommodate deposits up to Rs 5 crore. By adjusting FT rates, investors can now earn between 6 percent and 7.25 percent, depending on the term of the loan.
PNB Housing Finance FD Offers for Senior Citizens
Punjab National Bank (PNB) Housing Finance is set to continue to provide a return of 0.25 per cent on fixed deposit investments made by senior citizens over 60 years of age.
Axis Bank raises FD interest rates
Axis Bank has followed other lending banks in raising interest rates on fixed deposits. The bank said the latest interest rates would apply to fixed deposits up to Rs 2 crore. FDs that mature in 5 to 10 years provide the general public with a 5.75 percent higher return.
Axis raises interest rates on savings accounts
Axis Bank has hiked interest rates on savings accounts below Rs 50 lakh to 3 per cent per annum. The bank offers 3.50 per cent return per annum to savings bank customers of Rs 50 lakh and less than Rs 800 crore.
SBI raises fixed deposit interest rates
State Bank of India (SBI) has increased its return on fixed deposits by up to 20 basis points. Return income depends on the term of the deposit. Noted that the new rates would apply to deposits of less than Rs 2 crore.
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