Punjab National Bank (PNB) hikes fixed deposit interest rates by up to 50 bps

PNB FD Rates

On fixed deposits maturing in 7 days to 45 days, the bank has increased the interest rate from 3% to 3.50% and on deposits maturing in 46 to 90 days, PNB has increased the interest rate to 3.25%. increased to 3.25%. 3.75%. Deposits maturing in 91 days to 179 days will now be offered an interest rate of 4.50% which was an increase of 4% 50 bps earlier and fixed deposits maturing in 1 year from 180 days will now offer an interest rate of 5% which was earlier 4.50 % increase by 50 bps. PNB has increased the interest rate by 20 bps from 5.50% to 5.70% on deposits maturing in 1 year, but the bank will continue to offer 6.10% interest rate on deposits maturing in 405 days.

PNB increased interest rates on deposits maturing in 406 days by 20 basis points, from 5.50% to 5.70%, and will now offer a maximum interest rate of 6.50% on deposits maturing in 600 days. Deposits maturing between 601 days and two years will now attract an interest rate of 5.70 per cent, an increase of 5.5 per cent and 20-bps earlier, while deposits with maturities between two and three years now offer an interest rate of 5.80 per cent. Will go percent, up from 5.6 percent. PNB has increased the interest rate on deposits maturing in 3 to 5 years by 5 bps from 5.75% to 5.80% and also on deposits maturing in 5 to 10 years by 20 bps from 5.65% to 5.85% May go.

PNB Tax Saver FD

On tax-saver deposits maturing in 5 years, PNB will now offer an interest rate of 5.80% to general public, 6.30% to senior citizens and 6.80% to staff members and retired staff senior citizens. While tax saver deposits maturing in more than 5 years to 10 years, the bank will now offer an interest rate of 5.85% to general public, 6.35% to senior citizens and 6.85% to staff members and retired staff senior citizens.

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On domestic deposits of less than Rs. 2 crore, senior citizens who are 60 years and above (up to 80 years of age) will get an additional interest rate of 50 basis points (bps) over the standard rates and an additional rate of 80 bps for a tenure of up to 5 years. Period above 5 years. The maximum interest rate applicable on the card rate applicable to existing employees and senior citizens of retired employees will be 150 bps for tenures up to 5 years and 180 bps for tenures above 5 years. Additionally, super senior citizens above the age of 80 years will get an additional interest rate which is 80 basis points higher than the standard rate for all maturities.

The maximum rate of interest for senior citizens of employees and retired employees is 180 bps over the standard rate for all maturities. The maximum rate of interest is 100 bps over and above the standard rate for PNB Tax Saver Fixed Deposit Scheme for staff members and retired staff senior citizens.