Latest FD rates compared: SBI vs ICICI Bank vs PNB vs HDFC vs Bandhan Bank
On FDs maturing in 2-3 years, SBI offers 6.75%
PNB has revised the rates on FDs with effect from 1 July
Days after the Reserve Bank of India (RBI) reduced repo rate, also known as the lending rate, to 25 basis points in the Monetary Policy Review, major banks like State Bank of India (SBI), ICICI, HDFC Bank, Bank of Baroda (BoB) and Bandhan Bank have also revised the interest rates on selected buckets for general customers as well as senior citizens. Punjab National Bank (PNB) is the latest addition to the list of banks revising interest rates. PNB has revised the rates on FDs with effect from 1 July. At the June 6 review, RBI had said banks have cut rates by a measly 0.21% as against the 0.50% cut in key rates, and had asked banks to do more.