Public sector lender, Punjab National Bank or PNB has announced a reduction in the interest rate on savings account deposits by 10 basis points (bps). The new interest rate of 2.90 per cent per annum will be applicable to both existing and new savings account holders, the lender mentioned on its website. Punjab National Bank noted that the interest rate on savings account deposits has been reduced with effect from September 1, 2021.
for deposit below ₹100 crores, the new interest rate will be 2.9 per cent, which is 0.10 per cent lower than 3 per cent.
deposits of ₹100 crore and above will also earn interest similar to 2.9 per cent, which is currently 3 per cent.
PNB Latest FD Rates
PNB It is offering an interest rate between 2.9% and 5.25% on fixed deposits maturing in 7 days to 10 years. Senior citizens get an additional interest rate of 0.5 percent on their deposits. They get interest rates between 3.4% to 5.75% on FDs maturing in 7 days to 10 years. These rates are effective from 1 August 2021.
PNB Savings Account Cash Withdrawal Limit
PNB offers three types of debit cards to its customers – Platinum, Classic and Gold. According to PNB official website, PNB Platinum Debit Cardholders, the cash withdrawal limit per day is ₹50,000 for PNB Classic debit cardholders, the cash withdrawal limit per day is ₹25,000. Cash withdrawal limit per day for PNB Gold Debit cardholders ₹50,000
Don’t miss a story! Stay connected and informed with Mint.
download
Our App Now!!
.