Comparing SBI, PNB, & Bank Of Baroda Fixed Deposit (FD) Interest Rates Post RBI Repo Rate Hike

Fixed Deposit or FD is one of the most popular investment opportunities due to its assured income option. Additionally, senior citizens generally get higher interest rates on FDs, which is a lucrative option for them. However, the interest rates on FDs depend on the RBI repo rates in India. Here, three top PSU banks' FD interest rates have been discussed, post the RBI's latest repo rate hike, this month.

State Bank Of India (SBI)

For State Bank Of India (SBI) account holders, for 211 days to less than 1 year FD rate for public is 4.60% and 5.10% for senior citizens, for 1 year to less than 2 year rate for public is 5.30% and 5.80% for senior citizens, for 2 years to less than 3 years FD rate for public is 5.35% and 5.85% for senior citizens, for 3 years to less than 5 years FD rate for public is 5.45% and 5.95% for senior citizens, and for 5 years and up to 10 years FD rate for public is 5.50% and 6.30% for senior citizens.

Tenure	Interest rate for public	Interest rate for senior citizens
5 years and up to 10 years	5.50%	6.30%
3 years to less than 5 years	5.45%	5.95%
2 years to less than 3 years	5.35%	5.85%

The interest rates for Retail Domestic Term Deposits below Rs. 2 crore have been revised, and the rates came into effect on June 14, 2022.

Punjab National Bank (PNB)

For PNB account holders, for above 1 year to upto 2 years FD rate for public is 5.45% and 5.95% for senior citizens, for above 2 year & upto 3 years FD rate for public is 5.50% and 6.00% for senior citizens, for above 3 year & upto 5 years FD rate for public is 5.75% and 6.25% for senior citizens, and for above 5 years & upto 10 years FD rate for public is 5.60% and 6.10% for senior citizens. Additionally, the short term FD interest rate is also lucrative, for 271 days to less than 1 year FD rate for public is 4.50% and 5.00% for senior citizens.

Tenure	Interest rate for public	Interest rate for senior citizens
above 2 year & upto 3 years	5.50%	6.00%
above 3 year & upto 5 years	5.75%	6.25%
above 5 years & upto 10 years	5.60%	6.10%

These interest rates are applicable for the domestic deposit for less than Rs. 2 core, which came into effect on July 20, 2022.

Bank Of Baroda (BoB)

For BoB account holders, for 1 Year FD rate is 5.30% for public and 5.80% for senior citizens, for Above 1 year to 400 days FD rate is 5.45% for public and 5.95% for senior citizens, for Above 400 days and upto 2 Years FD rate is 5.45% for public and 5.95% for senior citizens, for Above 2 Years and upto 3 Years FD rate is 5.50% for public and 6.00% for senior citizens, for Above 3 Years and upto 5 Years FD rate is 5.50% for public and 6.15% for senior citizens, for Above 5 Years and upto 10 Years FD rate is 5.50% for public and 6.50% for senior citizens.

Tenure	Interest rate for public	Interest rate for senior citizens
Above 400 days and upto 2 Years	5.45%	5.95%
"Above 3 Years and upto 5 Years	5.50%	6.15%
Above 5 Years and upto 10 Years	5.50%	6.50%

These interest rates are applicable for the domestic deposit for less than Rs. 2 crore, as mentioned by the bank.

FD interest rates comparison

The above-mentioned banks are the three top public sector commercial banks in India. Here, the best interest rates on long-term FDs have been discussed for investors. However, interest rates on FDs are subject to RBI repo rate hikes, so investors should be cautious about it. Many analysts also suggest that investors should look out for short-term FDs. As the inflation rate in India is quite high in the country now, investors should be concerned about investment options that can possibly beat the inflation rate.

Bank	Tenure	Interest rate for public	Interest rate for senior citizens
State Bank Of India	5 years and up to 10 years	5.50%	6.30%
Punjab National Bank	Above 3 year & upto 5 years	5.75%	6.25%
Bank Of Baroda	Above 3 Years and upto 5 Years	5.50%	6.15%