PNB Fixed Deposit Interest Rate: state owned lender Punjab National Bank Fixed deposit interest rates have been hiked by up to 20 basis points. New PNB FD Rates Applicable on deposits less than Rs 2 crore and have already been implemented. The PNB FD interest rates are applicable on fixed deposits with tenors of one year and up to 10 years. No new rate hike has been announced for its special 1111 days FD scheme.
PNB FD rates for deposits maturing in one year have been increased by 20 bps to 5.50 per cent from 5.30 per cent earlier. For deposits between tenors of more than one year and up to two years, PNB FD rates have been increased by 5 bps to 5.50 per cent. For deposits maturing in two years and three years, PNB FD interest rates have been increased by 10 bps to 5.60 per cent. PNB has increased interest rates on fixed deposits maturing more than five years and up to 10 years by 5 basis points to 5.65 per cent. Other rates have been kept unchanged by Punjab National Bank.
Here are the revised interest rates on fixed deposits of less than Rs 2 crore in Punjab National Bank (per annum) with effect from August 17:
7 days to 14 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
15 days to 29 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
30 days to 45 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
46 days to 90 days: for general public – 3.25 percent; For senior citizens – 3.75 percent
91 days to 179 days: for general public – 4.00 percent; For senior citizens – 4.50 percent
180 days to 270 days: for general public – 4.50 percent; For Senior Citizens – 5.00 percent
271 days to less than 1 year: For general public – 4.50 percent; For Senior Citizens – 5.00 percent
1 year: for general public – 5.50 percent; For Senior Citizens – 6.00 percent
1 year to more than 2 years: for general public – 5.50 percent; For Senior Citizens – 6.00 percent
2 years to more than 3 years: for general public – 5.60 percent; For senior citizens – 6.10 percent
3 years to more than 5 years: for general public – 5.75 percent; For senior citizens – 6.25 percent
5 years to more than 10 years: for general public – 5.65 percent; For senior citizens – 6.15 percent
1111 days: for general public – 5.75 percent; For senior citizens – 6.25 percent
“Senior citizens will get an additional interest rate of 50 bps over the applicable card rates for all maturities on domestic deposits of less than Rs. 2 crores. In case of staff members as well as retired staff members, who are also senior citizens, the maximum rate of interest on the applicable card rate will be 150 bps, in case of PNB Tax Saver Fixed Deposit Scheme, where the maximum rate of interest is posted by PNB on its website. Said, the applicable card rate may be allowed more than 100 bps.
The new PNB FD interest rates have come into effect after about 15 days from the Reserve Bank of India India To tackle inflation, the repo rates were hiked by 50 basis points.
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