PNB FD Rates: Last month, PNB had increased interest rates on some FDs. Punjab National Bank offers an opportunity for common citizens to invest in FDs of up to 10 years.
Mumbai : Punjab National Bank (PNB) has reduced interest rates on some of its FDs. The bank has reduced the interest rate on FDs below Rs 2 crore. These new rates are effective from June 1, 2023. Last month, PNB had increased interest rates on some FDs.
Punjab National Bank offers an opportunity for common citizens to invest in FDs of up to 10 years. Bank offers interest on FD between 3.05 percent to 7.25 percent. The highest interest rate offered by the bank is 7.25 percent on 444 days FD.
Interest on these FDs reduced
The bank has reduced the interest rate on 1 year FDs by 0.5 percent. Now the interest rate on FD for this term has increased from 6.80 percent to 6.75 percent. Last month, the bank had cut the interest rate on FDs maturing in 666 days from 7.25 per cent to 7.05 per cent.
PNB offers this much interest on FDs below Rs 2 crore
For 7 days to 14 days: General public – 3.50 percent; For senior citizens – 4.00 percent
For 15 days to 29 days: for general public – 3.50 percent; For senior citizens – 4.00 percent
For 30 days to 45 days: for general public – 3.50 percent; For Senior Citizens – 4.00 percent for
46 days to 90 days: For General Public – 4.50 percent; For senior citizens – 5.00 percent
91 days to 179 days: For general public – 4.50 percent; For Senior Citizens – 5.00 percent
180 days to 270 days: For general public – 5.50 percent; For senior citizens – 6.00 percent
From 271 days to less than 1 year: for general public – 5.80 percent; For senior citizens – 6.30 percent
1 year: For general public – 6.75 percent; For senior citizens – 7.25 percent
For more than 1 year to 443 days: for general public – 6.80 percent; For senior citizens – 7.30 percent
444 days: For general public – 7.25 percent; For senior citizens – 7.75 percent for
445 to 665 days: for general public – 6.80 percent; For senior citizens – 7.30 percent
666 days: for general public – 7.05 percent; For senior citizens – 7.55 percent
From 667 days to 2 years: for general public – 6.80 percent; For senior citizens – 7.30 percent
For more than 2 years up to 3 years: for general public – 7.00 percent; For senior citizens – 7.50 percent
For 3 years to more than 5 years: for general public – 6.50 percent; For senior citizens – 7.00 percent for
5 years to 10 years: for general public – 6.50 percent; For senior citizens – 7.30 percent.
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