PNB Domestic/NRO Term Deposit FD Rates Below Rs. 2 Crore
|Tenure||Regular FD Rates (p.a)||Senior Citizen FD Rates (p.a)|
|30 days to 45 days||2.90%||3.40%|
|46 days to 90 days||3.25%||3.75%|
|91 days to 179 days||3.80%||4.30%|
|180 days to 270 days||4.40%||4.90%|
Also know, can I get monthly interest on FD?
Can we get monthly interest on a fixed deposit? Yes, you can get monthly interest payouts if you choose periodic payouts and select monthly frequency. When you invest your money in FDs, you gain interest on your principal amount, obtained periodically.
Keeping this in consideration, is FD taxable?
Interest income from Fixed Deposits is fully taxable. Add it to your total income and get taxed at slab rates applicable to your total income. It is to be reported under the head ‘Income from Other Sources’ in your Income Tax Return. … So, if you have an FD for 3 years – banks shall deduct TDS at the end of each year.
Is Post Office FD safe?
Fixed Deposits (FDs) are considered as one of the safest and best investments to get the best returns on your deposited money. The postal department offers many saving schemes including good interest rates on Fixed Deposits. The deposited money remains safe as the government provides security.
Punjab National Bank Fixed Deposit Returns Based on Investment Amount
|Investment Amount||For 3 years with interest of 5.25%||For 5 years with interest of 5.25%|
|₹ 1 lakh||₹129943||₹129943|
|₹ 2 lakh||₹259886||₹259886|
|₹ 5 lakh||₹649716||₹649716|
India Post Office Fixed Deposit Calculator 2021
|Tenure||Interest Rate for General Public||Max Maturity Amount per Lakh|
|1 year 1 day to 2 years||5.50%||₹ 1,05,630 – ₹ 1,11,544|
|2 years 1 day to 3 years||5.50%||₹ 1,11,561 – ₹ 1,17,807|
|3 years 1 day to 5 years||6.70%||₹ 1,22,081 – ₹ 1,39,407|
|7 days to 1 year||5.50%||₹ 1,00,105 – ₹ 1,05,614|
Interest Rates on Savings Bank Deposits
|Savings Bank deposit slabs||Existing Rate of Interest|
|SB Deposit accounts with balances upto Rs. 1 lakh||2.75% p.a|
|SB Deposit accounts with balances above Rs. 1 lakh||i) 2.75% p.a. for balance upto Rs. 1 lakh ii) 2.75% p.a. for balance above Rs. 1 lakh.|
Domestic & NRI Saving Account Interest Rates : (w.e.f. 1st December 2021)
|Rate of Interest|
|Saving Fund Account Balance below Rs. 10 Lakh||2.80% p.a.|
|Saving Fund Account Balance of Rs. 10 Lakh & above||2.85% p.a.|
PNB FD Interest Rates Today
|91 days to 179 days||3.80%|
|180 days to 270 days||4.40%|
|271 days to 364 days||4.50%|
You can deposit a maximum Rs 1.5 lakh a year under Section 80C. There is also tax deducted at source (TDS) on FD. If your interest earned from FD is more than Rs 10,000 in a year, TDS will be deducted.
Axis Bank offers the highest FD interest rate of 5.75% p.a. which is for a tenure of 5 years and above for the general public. For senior citizens, the interest rate is up to 6.50%. The second highest interest rate is 5.50% p.a. which is offered by ICICI Bank and HDFC Bank for a tenure of 5 years and above.
Fixed Deposit Interest Rates by Different Banks
|Bank||Tenure||Interest Rates for General Citizens (per annum)|
|ICICI||7 days to 10 years||2.50% to 5.50%|
|Punjab National Bank||7 days to 10 years||2.90% to 5.25%|
|HDFC Bank||7 days to 10 years||2.50% to 5.50%|
|Axis Bank||7 days to 10 years||2.50% to 5.75%|
FD Interest Rates with a 1-year Tenure
|Top 10 1-year FDs for 2021|
|Bank||Regular FD Rates (per annum)||Senior Citizen FD Rates (per annum)|
|Fincare Small Finance Bank||6.00%||6.50%|
|Punjab and Sind Bank||5.15%||5.65%|
Best 2021 Interest Rates for 5-Year Fixed Deposits Below Rs.2 Crore in India
|Best FD Rates for 5 years|
|Bank/Company||Regular Interest Rates (per annum)||Senior Citizen Interest Rates (per annum)|
|HDFC Bank FD||5.30%||5.80%|
|IDFC First Bank FD||4.50%||5.00%|
|IndusInd Bank FD||6.50%||7.00%|