PNB Interest Rate on FD: After Bank Of Baroda another public sector bank, ‘The Punjab National Bank’ (PNB) has given good news to Investors looking for better returns on fixed deposits. The bank has increased the interest on FD by 45 basis points i.e. 0.45 per cent in New Year.
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However, interest in some FDs has also been reduced. These new rates have come into effect from January 1, 2024. Punjab National Bank offers FDs ranging from 7 days to 10 years.
The Punjab National Bank hiked the FD rate for the general public from 5.50 percent to 6 percent for 180 days to 270 days. The interest on FD for the general public on FDs of 271 days to less than 1 year has increased from 5.80 percent to 6.25 percent.
PNB’s revised interest rates on FD less than Rs 2 crore
7 days to 14 days- The bank is offering 3.50 percent to general public and 4.00 percent for senior citizens
15 days to 29 days: The bank is offering 3.50 percent to general public and 4.00 percent for senior citizens
30 days to 45 days: The public sector bank is offering 3.50 percent to general public and 4.00 percent for senior citizens
46 days to 90 days: The bank is offering 4.50 percent to general public and 5.00 percent for senior citizens
91 days to 179 days: The Public sector bank is offering 4.50 percent to general public and 5.00 percent to senior citizens
180 days to 270 days: The Public sector bank is offering 5.50 percent to general public and 6.00 percent to senior citizens
271 days to less than 1 year: The Public sector bank is offering 5.80 percent to general public and 6.30 percent to senior citizens
1 year: The Public sector bank is offering 6.75 percent to general public and 7.25 percent to senior citizens
365 days to 443 days: The Public sector bank is offering 6.80 percent to general public and 7.30 percent to senior citizens.
444 days special fd: PNB is offering 6.80 percent to general public and 7.30 percent for senior citizens
445 to 2 years: Punjab National Bank is offering 6.80 percent to general public and 7.30 percent to senior citizens
More than 2 years to 3 years: The Public sector banks is offering 7 percent to general public and 7.50 percent to senior citizens
More than 3 years to 5 years: Punjab National Bank is offering 6.50 percent to general public and 7 percent to senior citizens
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From 5 years to 10 years: The Public sector bank is offering 6.50 percent to general public and 7.30 percent to senior citizens
