PNB hikes fixed deposit interest rates for senior and very senior citizens

PNB FD Rates for Senior Citizens

on fixed deposits of less than 2 crore maturing in 7 days to 45 days, the bank will continue to offer an interest rate of 3.50% and on fixed deposits maturing in 46 to 90 days, PNB will continue to offer an interest rate of 3.75% for senior citizens aged 60 years Will continue to offer rates. years and up to 80 years.

Fixed deposits maturing in 91 to 179 days will continue to offer an interest rate of 4.50% and fixed deposits maturing in 180 days to less than 1 year will continue to offer an interest rate of 5% for senior citizens. Senior citizens will continue to get 6% interest rate on fixed deposits maturing in 1 year to 404 days and they will continue to get 6.60% interest rate on fixed deposits maturing in 405 days.

PNB will continue to earn interest rates of 6% and 6.10% on fixed deposits maturing in 406 days to 2 years and 2 to 3 years. On fixed deposits maturing in 3 to 5 years, senior citizens will continue to get an interest rate of 6.25%, but on fixed deposits maturing in 5 to 10 years, PNB has increased the interest rate for senior citizens by 30 bps from 6.15% 6.45%. Citizen. He will continue to get an interest rate of 6.25% on fixed deposits maturing in 1111 days in PNB.

PNB FD Rates for Super Senior Citizens

PNB has increased the interest rates on fixed deposits for very senior citizens for all tenors. As a result of the adjustment, super senior citizens will now get an interest rate ranging from 3.80% to 6.55% on fixed deposits maturing in 7 days to 1111 days, and they will get a maximum interest rate of 6.90% on fixed deposits. Which matures in 405 days.

PNB Tax Saving FD Rates

Punjab National Bank on its website mentions that “In case of PNB Tax Saver Fixed Deposit Scheme, the staff members as well as retired staff members who are also senior citizens, the maximum rate of interest is 100 bps over the applicable card rate.”

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PNB Best Fixed Deposit Rates

Additionally, the bank increased interest rates on non-callable PNB Uttam fixed deposits. For senior citizens, the bank increased the interest rate on fixed deposits maturing in 5 to 10 years from 6.20% to 6.50%, while for super senior citizens, PNB increased the interest rate on fixed deposits for all tenors. Of. Super senior citizens will get a maximum interest rate of 6.95% on fixed deposits maturing in 405 days under the PNB Uttam Fixed Deposit Scheme.

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Punjab National Bank on its website states that “Senior citizens of 60 years and up to 80 years will get an additional interest rate of 50 bps on the applicable card rates for tenures up to 5 years and 80 bps for tenures above 5 years”. 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 at the applicable card rate is 150 bps for tenures up to 5 years and from 5 years 180 bps for the above tenure. In addition, super senior citizens above 80 years of age will get an additional 80 bps interest rate on the card rate applicable across all maturity buckets. In case of staff members as well as retired staff members who are also Super Senior Citizens, the maximum interest rate on the applicable card rate shall be 180 bps higher than the applicable card rate across all maturity buckets.”

“This revised additional interest rate for senior citizens will be applicable on fresh deposits and renewal of existing fixed deposits with effect from 13.09.2022,” PNB said on its website.

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