119 Days FD Rates

119 Days FD Rates: Government Bank Has Revised the Interest Rates, eligibility, and key benefits

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119 Days FD Rates: Looking to invest in short-term fixed deposits? A major government bank has revised interest rates for 119-day FDs. See the updated rates, eligibility, and key benefits.

Government Bank Revises FD Interest Rates for 119 Days Here’s the Latest:In a significant update for short-term investors, a leading public sector bank has revised the interest rates for 119-day Fixed Deposits (FDs). This move aligns with the ongoing monetary changes post-RBI policy revisions and offers better returns on short-duration savings.

The updated FD rates are applicable from June 2025 and are attracting attention from retail depositors, senior citizens, and corporate investors looking for safe, quick-yield options.

1. New 119 Days FD Interest Rates (as of June 2025)

  1. General Public – 5.75% per annum
  2. Senior Citizens – 6.25% per annum
  3. Bulk Deposits (above ₹2 Cr) – Custom rates via negotiation

These rates are non-cumulative, and interest can be credited monthly or quarterly depending on investor preference.

2. Which Banks Have Updated 119 Days FD Rates?

While multiple banks are revising short-term FD slabs, this update specifically includes:

  1. Punjab National Bank (PNB)
  2. Bank of Baroda (BoB)
  3. Union Bank of India
  4. Indian Bank

Other public and private sector banks are expected to follow suit based on upcoming RBI rate announcements.

3. Eligibility and Minimum Deposit Amount

  1. Minimum investment starts at ₹1,000
  2. Available for individuals, HUFs, firms, and trusts
  3. Senior citizens get an additional 50 basis points (0.50%) on interest
  4. NRIs can also invest under NRO FD schemes with the same duration

4. Key Benefits of 119-Day FDs

  1. Short-term liquidity with higher interest than savings accounts
  2. Ideal for people who need returns within 3 to 4 months
  3. Can be auto-renewed or reinvested upon maturity
  4. Premature withdrawal allowed (penalty may apply)
  5. Suitable for investors looking to park surplus idle funds

5. How to Book a 119-Day FD Online

  1. Login to your bank’s net banking or mobile app
  2. Select Fixed Deposit > Create FD
  3. Choose tenure as 119 days and enter deposit amount
  4. Select payout option – cumulative or non-cumulative
  5. Confirm and generate e-receipt

Offline bookings can be done at any branch with valid ID and PAN card.

Short-Term FD Just Got More Rewarding

The revised 119-day FD interest rates offer a smart opportunity for short-term investors to earn decent returns with minimal risk. With improved rates and easy digital access, now is a good time to consider a short-term FD in a reputed government bank.

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