SBI vs HDFC Bank vs PNB: Following a series of cuts in the repo rate by the RBI in recent periods, Punjab National Bank, SBI and HDFC Bank have made suitable changes in the interest rates they provide on their fixed deposit investment schemes. While comparing the three banks and their bank FD interest rates SBI Fixed deposit returns ranges from 2.9 per cent to 5.4 per cent, PNB FD returns ranges from 3 per cent to 5.3 per cent while the HDFC Bank fixed deposit return is from 2.75 per cent to 5.50 per cent.

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In PNB, seven to 45 days FD will grow at 3 per cent while in SBI it will grow at 2.9 per cent. In HDFC Bank, the FD grows at 2.75 per cent for 7 to 14 days while it grows at 3 per cent from 15 to 29 days while the growth rate grows 3.25 per cent if the in vestment period is 30 to 45 days. So, if you are investing for up to 45 days, then HDFC Bank is better option than other two banks we are comparing because for up to 45 days, your money will grow at 3.25 per cent.

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For the fixed deposit for 46 to 179 days, PNB FD will grow at 3.25 per cent for 46 days to 90 days fixed deposit while for 91 days to 179 days PNB FD will grow at 4 per cent. At SBI, one's fixed deposit for the period of 46 days to 179 days will grow at flat 3.9 per cent. In HDFC Bank Fixed Deposit, one's money will grow at 4 per cent for the period of 46 to 90 days investment while if the FD is for up to six months, one's money will grow at 4.1 per cent. So, if the investor's time horizon is for six month then HDFC Bank is the better option than other two banks.

The PNB FD for the period of 180 days to 270 days will grow at flat 4.4 per cent, from 271 days to less than one year PNB FD will grow at 4.5 per cent while in SBI, one's FD for the period of 180 days to less than one day in one year will grow at 4.4 per cent. In HDFC Bank, one;s FD for up to one year grows at 5.25 per cent. so, again bank fixed deposit for the period of up to one year, HDFC is better option for the investor.

Similarly for tax-saving bank FD, PNB gives 5.3 per cent annual return, SBI gives 5.4 per cent while the HDFC Bank gives 5.5 per cent. S

So, for long-term tax-saving bank fixed deposit, HDFC Ban k will give more return than other two banks.