At the beginning of every month, banks make some major updates. So if you are also looking for an investment scheme to earn these days. So in the month of August, there are many banks which have updated new methods on fixed deposits. If you are planning to invest in fixed deposits, then there are many cases which have increased the interest rates on fixed deposits.
These banks including PNB updated their FD rates, you can also earn on FD with higher interest!
Here many banks like Punjab National Bank, Federal Bank, Bank of India, Karnataka Bank and Union Bank of India have changed their FD rates, the information on whose websites has been updated.
Punjab National Bank
PNB, one of the largest banks, has implemented new rates on bank FD from August 1, due to which customers can avail the new rates. In PNB, interest rates for common citizens on FD start from 3.5% and go up to 7.25%. Are going. The lowest interest rate for senior citizens is 4% and the interest rate is 7.75%. So for the same super senior citizen, the lowest interest rate on FD is 4.3% and the highest rate is 8.05%.
Union Bank of India
The new rates on FDs operated by Union Bank of India are applicable from August 2, 2024. Due to which Union Bank of India is offering interest rates up to 7.4% on FD to customers below 60 years of age.
Federal Reserve Bank
Federal Bank has also updated the interest rates on FD and implemented the new rates from August 2, due to which the interest rates here start from 3% for people below 60 years of age and go up to 7.4% for senior citizens. FD rates start from 3.5% to 7.9%.
Karnataka Bank
Karnataka Bank has also implemented new rates on FD from August 2, due to which now customers below 60 years of age can earn up to 7.25% interest on FD, while for senior citizens the bank can earn 0.5% interest on FD. Additional interest rate of % is available.
These banks including PNB updated their FD rates, you can also earn on FD with higher interest!
Bank of India
If Bank of India customers make FD, then the interest rate for people below 60 years of age will start from 3% to 7.3%, the bank has implemented new rates on FD from August 1, 2024.