Many banks have changed their fixed deposit interest rates in October. If you are looking for a safe investment then fixed deposit is considered a better option because there is no possibility of any kind of risk in it. Punjab National Bank has changed the interest rates on fixed deposits on 1 October 2024.
How much interest rate is being received?
PNB is giving the benefit of 7.25% interest rate to general customers, 7.75% to senior citizens and 8.05% to super senior citizens on tenure of 400 days. Punjab & Sind Bank has also changed the interest rates on its fixed deposits which is effective from October 1, 2024. The bank is offering 2.80% to 7.25% interest rate to its customers on tenure ranging from 7 days to 10 years.
Bank of Baroda is offering interest rates ranging from 4.25% to 7.15% to its customers on tenures ranging from 7 days to 10 years. For senior citizens, the benefit of interest rate ranging from 4.75% to 7.60% is being given. The new interest rates will be applicable from October 3, 2024.
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