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Bank FD rates in October 2026: How pre- and post-tax fixed deposit returns differ across HDFC, ICICI, SBI and PNB
Mint 2 hrs ago·11 Oct 2026, 3:47 pm
A recent report compares fixed deposit rates offered by major Indian banks, including PNB, across various tenures. The analysis highlights how the interest rates differ between large private sector lenders like HDFC and ICICI, and public sector banks like PNB and SBI. This comparison is crucial for investors looking to lock in returns for the long term.
For retail investors, understanding the difference between pre-tax and post-tax returns is essential. The interest earned on FDs is taxable as per the investor's income tax slab. This means the actual amount you receive depends on your tax bracket. The report also clarifies the taxation rules for fixed deposits, helping investors calculate their net returns more accurately.
What to watch next: Investors should compare the effective post-tax returns of different banks and tenures. While PNB may offer competitive rates, the net return after tax will vary. Keeping an eye on the Reserve Bank of India's monetary policy decisions will also be important, as they influence the interest rate cycle for the banking sector.
Affected stocks
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Key takeaways
- Concerns Punjab National Bank (PNB).
- Category: Stocks.
Why it matters
A routine update for Punjab National Bank. Use the price and stock snapshot to gauge how the market is responding.
