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PNB Alters Interest Rates On Fixed Deposits, Now Offers Maximum 8.05% Interest
Public Sector lender Punjab National Bank (PNB) has altered the interest rates on various terms of fixed deposits for deposits below Rs 2 crore. PNB alters interest rates on Select fixed deposits (FD) for some tenures. The revised rates will take effect on May 18, 2023, according to the PNB's official website.
The maximum FD interest rate in the general public (below 60 years) will be given on the 444-day tenure at 7.25 per cent. Under the same tenure of 444 days, the Senior Citizen (upto
The bank offers a maximum 7.05 per cent interest rate to the general public on 666 days Fixed Deposit Period, Senior Citizens will get 7.55 per cent and Super Senior Citizens will get 7.85 per cent.
Domestic Term Deposits (Below Rs. 2 Crore) Interest Rates Revised W.E.F. 18.05.2023
| Sl. No | Period | Revised Rates For Public | *Revised Rates For Senior Citizens | #Revised Rates For Super Senior Citizens |
|---|---|---|---|---|
| 1 | 7 to 14 days | 3.5 | 4 | 4.3 |
| 2 | 15 to 29days | 3.5 | 4 | 4.3 |
| 3 | 30 to 45 days | 3.5 | 4 | 4.3 |
| 4 | 46 to 90 days | 4.5 | 5 | 5.3 |
| 5 | 91 to 179 days | 4.5 | 5 | 5.3 |
| 6 | 180 days to 270 Days | 5.5 | 6 | 6.3 |
| 7 | 271 days to less than 1 year | 5.8 | 6.3 | 6.6 |
| 8 | 1 year | 6.8 | 7.3 | 7.6 |
| 9 | above 1 year to 443 days | 6.8 | 7.3 | 7.6 |
| 10 | 444 days | 7.25 | 7.75 | 8.05 |
| 11 | 445 days to 665 days | 6.8 | 7.3 | 7.6 |
| 12 | 666 days | 7.05 | 7.55 | 7.85 |
| 13 | 667 days to 2 years | 6.8 | 7.3 | 7.6 |
| 14 | above 2 year & upto 3 years | 7 | 7.5 | 7.8 |
| 15 | above 3 year & upto 5 years | 6.5 | 7 | 7.3 |
| 16 | above 5 years & upto 10 years | 6.5 | 7.3 | 7.3 |
Source - pnbindia.in
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