PPF vs Bank FD: These banks are giving more interest than PPF, know the names of banks, advantages and disadvantages
PPF vs Bank FD: The Modi government is giving interest at the rate of 7.1 percent on PPF.
PPF vs Bank FD: The Modi government is giving interest at the rate of 7.1 percent on PPF. PPF is a long-term investment that gets exemption under Income Tax 80C. Besides, there is no tax on its interest, and compound interest is available. There are many benefits of investing in PPF. According to bank market data, many banks are offering more interest than PPF to general customers and senior citizens. Here is the list of those banks which are giving more interest than PPF.
HDFC Bank FD: It offers maximum interest of up to 7.25% to general citizens and up to 7.75% interest to senior citizens.
State Bank of India FD: It is offering maximum interest up to 7.10% to general citizens and up to 7.60% interest to senior citizens.
ICICI Bank FD: It is offering maximum interest up to 7.10% to general citizens and up to 7.60% interest to senior citizens.
IDBI Bank FD: It is offering maximum interest up to 6.80% to general citizens and up to 7.30% interest to senior citizens.
Yes Bank FD: It is offering maximum interest up to 7.75% to general citizens and up to 8.25% interest to senior citizens.
IndusInd Bank FD: It is offering maximum interest up to 7.50% to general citizens and up to 8.25% interest to senior citizens.
Central Bank of India FD: It is offering maximum interest up to 6.75% to general citizens and up to 7.25% interest to senior citizens.
Indian Bank FD: It is giving maximum interest up to 7.25% to general citizens and up to 7.75% interest to senior citizens.
Indian Overseas Bank FD: It is offering maximum interest up to 7.25% to general citizens and up to 7.75% to senior citizens.
Bandhan Bank FD: It is offering maximum interest up to 7.85% to general citizens and up to 8.35% interest to senior citizens.
Suryoday Small Finance Bank FD: It is offering maximum interest up to 9.10% to general citizens and up to 9.60% interest to senior citizens.
Ujjivan Small Finance Bank FD: It is offering maximum interest up to 8.25% to general citizens and up to 8.75% interest to senior citizens.
ESAF Small Finance Bank FD: It is offering maximum interest up to 8.50% to general citizens and up to 9.00% interest to senior citizens.
Unity Small Finance Bank FD: It is offering maximum interest up to 9.00% to general citizens and up to 9.50% interest to senior citizens.
Jana Small Finance Bank FD: It is offering maximum interest up to 8.50% to general citizens and up to 9.00% interest to senior citizens.
Utkarsh Small Finance Bank FD: It is offering maximum interest up to 8.25% to general citizens and up to 8.60% interest to senior citizens.
Equitas Small Finance Bank FD: It is offering maximum interest up to 8.50% to general citizens and up to 9.00% interest to senior citizens.
Fincare Small Finance Bank FD: It is offering maximum interest up to 8.51% to general citizens and up to 9.11% interest to senior citizens.
AU Small Finance Bank FD: It is offering maximum interest up to 7.75% to general citizens and up to 8.25% interest to senior citizens.
Capital Small Finance Bank FD: It is offering maximum interest up to 7.50% to general citizens and up to 8.00% interest to senior citizens.
North East Small Finance Bank FD: It is offering maximum interest up to 8.50% to general citizens and up to 9.25% interest to senior citizens.
RBL Bank FD: It is offering maximum interest up to 7.80% to general citizens and up to 8.30% interest to senior citizens.
IDFC First Bank FD: It is offering maximum interest up to 7.50% to general citizens and up to 8.00% interest to senior citizens.
KVB Bank FD: It is offering maximum interest up to 7.20% to general citizens and up to 7.70% interest to senior citizens.
Canara Bank FD: It is offering maximum interest up to 7.25% to general citizens and up to 7.75% interest to senior citizens.
Punjab National Bank FD: It is offering maximum interest up to 7.25% to general citizens and up to 7.75% interest to senior citizens.
Bank of Baroda FD: It is offering maximum interest up to 7.05% to general citizens and up to 7.55% interest to senior citizens.
Kotak Mahindra Bank FD: It is offering maximum interest up to 7.25% to general citizens and up to 7.75% to senior citizens.
Axis Bank FD: It is offering maximum interest up to 7.10% to general citizens and up to 7.85% interest to senior citizens.
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