A good news is coming soon regarding the interest rate of PNB and HDFC and ICICI FD! Last week, RBI has not made any change in its repo rate for the fifth time. In such a situation, all the major banks of the country will keep an eye on the latest inflation rate figures. only after that we will decide our Interest will be given on FD.
In this article, we have compared the FD interest rates of Punjab National Bank, HDFC Bank and ICICI Bank. And along with this, we will also tell you how much Interest will be given on FD in which bank in 1 year on depositing Rs 1 lakh?
PNB & HDFC & ICICI FD
Nowadays everyone likes to invest in fixed deposits. Because in FD you get interest at a fixed interest rate every year. You have to invest lump sum in FD. And then you will get FD for whatever period you want! You keep getting interest at the interest rate fixed by the bank for that period. Investing in it is completely safe!
How much interest is available in which bank for a period of 365 days?
PNB Bank is the first choice of people for investing in fixed deposits. Because it gives higher FD interest than all other banks. In such a situation, if we talk about the FD interest rate available for 365 days, then on making FD for 365 days in PNB Bank, you get interest at the rate of 6.75 percent. The interest rate on 365 days FD in HDFC Bank is 6.6 percent and the interest rate on 365 days FD in ICICI Bank is 6.7 percent.
How much interest will be given on FD of Rs 1,00,000 for 365 days in PNB Bank (PNB Fixed Deposit Calculation)
In Punjab National Bank, the country’s largest private bank, customers get the highest interest rate on 1 year FD. In PNB, interest is available at the rate of 6.75 percent on 365 day FD. In such a situation, if it is calculated using 6.75 percent interest rate, then the interest you will get in 365 days will be Rs 100000 * 6.75/100 * 365/365 = Rs 6750. Thus, if you make a fixed deposit of Rs 1,00,000 in PNB Bank for 365 days, you will get a total interest of Rs 6750.
How much interest will be given on FD of Rs 1,00,000 for 365 days in ICICI Bank (ICICI FD Calculation)
The interest rate on FD of Rs 1 lakh for 365 days in ICICI Bank is 6.70 percent. Interest received on FD of Rs 1 lakh for 365 days at 6.70 percent interest rate = Rs 100000 * 6.70/100 * 365/365 = Rs 6700. Thus, on an FD of Rs 1,00,000 for 365 days, you will get an interest of Rs 6700. ICICI Bank. Interest in fixed deposits is calculated every year.
PNB & ICICI & HDFC FD Interest Rates
| Bank | Deposit Period | General Public | Senior Citizens |
| Punjab National Bank | 7 days to 10 years | 6.50% | 7.30% |
| HDFC Bank | 7 days to 10 years | 7.75% | 8.25% |
| ICICI Bank | 7 days to 10 years | 7.65% | 8.15% |
How much interest will be given on FD of Rs 1,00,000 for 365 days in HDFC Bank (HDFC Fixed Deposit)
Good interest is also available on 365 day FD in HDFC. If you make FD in HDFC Bank for a period of 365 days, then you get interest at 6.6 percent interest rate. If calculated at the rate of 6.6 percent, the interest will be Rs 100000 * 6.6/100 * 365/365 = Rs 6600. Thus, you will get interest on a fixed deposit of Rs 1,00,000 in HDFC Bank for 365 days. Of Rs 6600.