Comparing SBI Deposits Interest Rates Vs PNB Vs Union Bank Interest Rates

In the last few months, we have seen the RBI hike repo rate from 4%, to the current levels of 5.40%. The interest rates on loans and deposits have been increased by different banks. Many public banks are increasing their interest rates on fixed deposits, among them we have names including SBI, Union Bank and PNB, which have seen hike in interest rates on deposits.

Here is a comparison of the three lenders' fixed deposit (FD) interest rates. The interest rates, mentioned below became effective on August, 2022 and are applicable to domestic deposits of less than Rs. 2 crore:

SBI - For account holders of SBI the interest rates are:

• 7 Days to 45 Days - 2.90% PA
• 46 Days to 179 Days - 3.90% PA
• 180 Days to 210 Days - 4.55% PA
• 211 Days to 1 year - 4.60% PA
• 1 year to 2 years - 5.45% PA
• 2 years to 3 years - 5.50% PA
• 3 years to 5 years - 5.60% PA
• 5 years to 10 years - 5.65% PA

PNB - For account holders in PNB the interest rates are:

• 7 Days to 14 Days - 3.00% PA
• 15 Days to 30 Days - 3.0% PA
• 31 Days to 45 Days - 3.0% PA
• 46 Days to 90 Days - 3.25% PA
• 91 Days to 179 Days - 4.00% PA
• 180 Days to 270 Days - 5.00% PA
• 271 days
• 1 year - 5.61.
• above 1 year & upto 404 days- 5.61
• 405 days - 6.24 .
• 406 days to 2 years - 5.61
• 2 years to 3 years - 5.88
• 3 years to 5 years - 6.23
• 5 years to 10 years - 6.48

Union Bank - For account holders of Union Bank the interest rates are:

• 7 Days to 14 Days - 3.0
• 15 Days to 30 Days - 3.0
• 31 Days to 45 Days - 3.0
• 46 Days to 90 Days - 4.05
• 91 Days to 120 Days - 4.10
• 121 Days to 180 Days - 4.10
• 181 days
• 1 year - 5.35.
• 1 year to 2 year - 5.45
• 2 year to 3 year - 5.50
• 3 year to 5 years - 5.75
• 5 years to 10 years - 5.80

deposit rates