Saving Accounts Information

Saving Account: These banks have increased the interest rates on savings accounts

 

 

 

Saving Account: These banks have increased the interest rates on savings accounts Some government and private banks have now changed interest rates on savings accounts.

 

 

 

Banks pay interest on Saving Accounts. Interest rates on Fixed Deposits were changed a few days ago. These interest rates change frequently. Some government and private banks have now changed interest rates on savings accounts. You will benefit from having a savings account with these banks. If you are currently interested in opening a savings account with a bank, check their new interest rate once charged.

 

 

Public sector Punjab National Bank (PNB), Punjab and Sind Bank and private sector HDFC Bank have changed the interest rates on savings accounts this month. Some banks have previously changed interest rates on fixed deposit (FD) and recurring deposits.

 

 

 

HDFC Bank Offers High Interest – HDFC Bank

 

This is good news for the customers of HDFC Bank. The bank has increased the interest rate on savings accounts. Interest is calculated on the daily balance in the account holder’s account.

 

 

 

The interest paid by the bank is paid on a quarterly basis. The bank offers 3% interest on savings accounts of less than Rs 50 lakh. It pays 3.50 per cent interest on over Rs 50 lakh and less than Rs 1,000 crore.

Customers get 4.50 per cent interest on a balance of over Rs 1,000 crore. New rates will apply from 2 February 2022.

 

 

 

Punjab National Bank Reduction – Punjab National Bank

 

Punjab National Bank has cut interest rates on domestic and NRI savings accounts by 0.05 per cent. Previously, the bank had offered 2.80 per cent interest on a balance of Rs 10 lakh in savings accounts. It is now down 0.5% to 2.75%.

 

 

The interest rate of 2.85 per cent will be available on balances of Rs 10 lakh and less than Rs 500 crore. 500 crores and above will get 3.25 per cent interest. New rates will apply from 3 February 2022.

 

 

 

Changes in Punjab and Sind Bank Interest Rates

The bank has changed interest rates on savings accounts with effect from February 1, 2022. Under this, 3% interest is available on less than Rs 10 crore.

Balances on balances of Rs 10 crore and above have been revised to 3.20 per cent. These rates apply to Domestic Savings Bank Deposits and NRE (Non-Residential External) / NRO (Non-Resident Ordinary) deposits.

 

 

 

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