Up to 8.05% FD rate: 3 banks have revised FD rates in Oct

Punjab National Bank, Punjab & Sindh and Bank of Baroda revised fixed deposit interest rates in October 2024.

Here is the latest FD interest rates of these banks have the revision.

Punjab National Bank FD interest rates
Punjab National Bank offers fixed deposit interest rates between 3.50% to 7.25% for tenure ranging from 7 days to 10 years for general citizens. For senior citizens, the bank offers interest rate between 4% to 7.75% and for super senior citizens, it offers 4.30% to 8.05%. The highest interest rate of 7.25%, 7.75% and 8.05% is offered on tenure of 400 days. The rates are effective from October 1, 2024.

Deadline to invest in these three banks special FDs with higher interest rates extended




Punjab & Sind FD interest rates
Punjab & Sind offers fixed deposit interest rates between 2.80% to 7.25% for tenure ranging from 7 days to 10 years for general citizens. The rates are effective from October 1, 2024.

Senior citizens FD interest rates
According to the bank website, “Senior Citizens shall be given benefit of additional interest of 0.50% on term deposits of less than Rs. 3 crore, over and above the mentioned rates for the maturity of 180 days & above on fresh as well as on renewal of term deposits, same shall not be available to NRE, NRO deposits, capital gain and Bulk deposits.


Super Senior Citizens
The bank offers Super Senior Citizens a benefit of additional interest of 0.15% on specific period (i.e. 222Days, 333Days, 444Days, 666Days, 999Days) Term Deposits of less than Rs. 3 crore.

Bank of Baroda FD interest rates
Bank of Baroda offers fixed deposit interest rates between 4.25% to 7.15% for tenure ranging from 7 days to 10 years for general citizens. For senior citizens, the bank offers interest rate between 4.75% to 7.60%. The new rates are effective from October 3, 2024.

According to the Bank of Baroda website, “(* incl. additional ROI 0.50% for RTD upto 3 Years and Above 10 Years, # incl. additional ROI of 0.50+0.15 for RTD above 3 Years and upto 5 Years, ** incl. additional ROI of 0.50%+0.50% for RTD above 5 Years and upto 10 Years to Resident Senior Citizens)”