PNB hikes interest rates on fixed deposits by 10 to 20 bps: Details here

PNB FD Rates 2022

The bank will continue to offer 3 per cent interest rate on fixed deposits with maturity period of 7 to 45 days, while PNB will continue to offer 3.25 per cent interest rate on deposits with maturity period of 46 to 90 days. Fixed deposits maturing in 180 days or less than a year continue to earn an interest rate of 4.50 per cent, while deposits maturing in 91 to 179 days continue to pay an interest rate of 4.00 per cent. On deposits of 1 year and up to two years, PNB will now offer an interest rate of 5.30 per cent, which is an increase of 10 bps from 5.20 per cent. On deposits maturing in 2 years and up to three years, PNB has increased the interest rate by 20 basis points, which has been increased from 5.30 per cent to 5.50 per cent. Deposits maturing more than three years and up to five years will continue to earn an interest rate of 5.50 per cent, while PNB’s maximum interest rate will be 5.60 per cent for deposits maturing more than five years and up to ten years. The bank will offer an interest rate of 5.50 per cent on a unique tenor of 1111-days.

On behalf of senior citizens, PNB mentioned on its website that “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 at the applicable card rate will be 150 bps, in case of PNB Tax Saver Fixed Depot Scheme, where the maximum rate of interest is the applicable card rate 100 bps. be allowed more than that.”

PNB Best Fixed Deposit Scheme

Investors can deposit more than 15 lakh in PNB Uttam Fixed Deposit Scheme, a special deposit scheme offered by the bank. The tenure of this deposit scheme ranges from 91 days to 1111 days, and the interest rates range from 4.05% to 5.55% respectively.

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