Latest FD Rates: PNB vs Union Bank Of India vs Federal Bank vs DCB Bank

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PNB (Punjab National Bank), Union Bank of India, Federal Bank, and DCB Bank are all major banks in India that offer fixed deposit (FD) products. FDs are a popular investment option for individuals looking to save money for a fixed period of time at a fixed interest rate.

As of August 2021, the latest FD rates offered by these banks are as follows:

* PNB: The bank offers FDs with interest rates ranging from 4% to 7%.5% for tenures between 1-3 years, 6% for tenures between 4-5 years, and 7% for tenures of 5 years or more.

* Union Bank of India: The bank offers FDs with interest rates ranging from 4% to 6%.5% for tenures between 1-3 years, 6% for tenures between 4-5 years, and 7% for tenures of 5 years or more.

* Federal Bank: The bank offers FDs with interest rates ranging from 4% to 6%.5% for tenures between 1-3 years, 6% for tenures between 4-5 years, and 7% for tenures of 5 years or more.

* DCB Bank: The bank offers FDs with interest rates ranging from 4% to 6%.5% for tenures between 1-3 years, 6% for tenures between 4-5 years, and 7% for tenures of 5 years or more.

It's important to note that these interest rates are subject to change based on market conditions and other factors. Additionally, the minimum deposit amount for an FD may vary depending on the bank and the tenure. It's always a good idea to compare rates and terms offered by different banks before making a decision on where to invest your money.