HDFC Bank:
HDFC Bank has introduced two new special fixed deposit (FD) programs, exclusively available for a limited period.
These schemes offer higher interest rates of 7.20% for a 35-month term and 7.25% for a 55-month term.
Additionally, senior citizens will receive an extra 50 basis points (bps) interest benefit. The bank also offers a 7% interest rate on deposits maturing between 18 months and 10 years.
Yes Bank:
Yes Bank is now providing interest rates ranging from 3.25% to 7.75% on fixed deposits for regular customers.
For senior citizens, the interest rates range from 3.75% to 8.25%. The highest interest rate is available for FDs with a maturity period of 18 to 36 months. These revised interest rates came into effect on May 2.
Kotak Mahindra Bank:
Kotak Mahindra Bank is offering its general customers an interest rate of 2.75% to 7.20% on fixed deposits maturing between 7 days and 10 years.
For a tenure ranging from 390 days to less than 2 years, the bank offers an interest rate of 7.20%.
Punjab National Bank (PNB):
Punjab National Bank provides interest rates between 3.50% and 7.25% to general citizens for tenures ranging from 7 days to 10 years.
The bank offers the highest interest rate of 7.25% for a tenure of 666 days. These revised rates became effective from May 18, 2023.
