Latest PNB FD interest rates after it raises FD rate on one tenor, cuts for another
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Earn up to 7.25% FD interest rate: This fixed deposit scheme has no premature withdrawal penaltyPunjab National Bank has revised fixed deposit interest rates on certain tenures for amounts below Rs 2 crore. PNB has increased interest rates of select fixed deposits (FDs) on certain tenures and has reduced rates on certain tenures.The new rates are effective from May 18, 2023, according to the PNB website.
Punjab National Bank latest FD rates
For deposits maturing in 444 days, the bank has hiked the interest rate by 45 bps to 7.25% from 6.80% for regular citizens. FDs maturing in 666 days, is reduced to 7.05% from 7.25%.Punjab National Bank latest FD rates for senior citizen
For deposits maturing in 444 days, the bank has hiked the interest rate by 45 bps to 7.75% from 7.30% for senior citizens. FDs maturing in 666 days, is reduced to 7.55% from 7.75%.Punjab National Bank latest FD rates for super senior citizen
For deposits maturing in 444 days, the bank has hiked the interest rate by 45 bps to 8.05% from 7.60% for super senior citizens. FDs maturing in 666 days, is reduced to 7.85% from 8.05%.
PeriodRevised Rates For Public W.E.F. 18.05.2023 Rates For Senior Citizens W.E.F. 18.05.2023 Rates For Super Senior Citizens W.E.F. 18.05.20237 to 14 days3.544.315 to 29days3.544.330 to 45 days3.544.346 to 90 days4.555.391 to 179 days4.555.3180 days to 270 Days5.566.3271 days to less than 1 year5.86.36.61 year6.87.37.6above 1 year to 443 days6.87.37.6444 days7.257.758.05445 days to 665 days6.87.37.6666 days7.057.557.85667 days to 2 years6.87.37.6above 2 year & upto 3 years77.57.8above 3 year & upto 5 years6.577.3above 5 years & upto 10 years6.57.37.3
PNB NRE rates
For deposits maturing in 444 days, the bank has hiked the interest rate by 45 bps to 7.25% from 6.80% for NRE customers. FDs maturing in 666 days, is reduced to 7.05% from 7.25%.On May 18, 2023, Axis Bank announced that it has reduced the interest rate on its 2 years to less than 30 months FD tenure. The interest rate was reduced from 7.20% to 7.05% on tenure of 2 years to less than 30 months. After the RBI’s status quo on key rates in its most recent monetary policy announcement, many banks have gone slow in hiking FD interest rates. Many have kept rates unchanged over the past few months, while some are increasing their interest rates on select tenures.
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This story originally appeared on: India Times - Author:Faqs of Insurances
