PNB reduces FD interest rate on this tenure
Punjab National Bank (PNB) in a surprising move has reduced fixed deposit interest rate on single tenure for amounts below Rs 2 crore, according to the PNB website. The new rates are effective from June 1, 2023.Last month, PNB had increased interest rates of select fixed deposits (FDs) on certain tenures and had reduced rates on certain tenures.
Punjab National Bank latest FD rates
For general citizens, PNB offers FD interest rates between 3.05% to 7.25% for tenure ranging between 7 days to 10 years. The highest interest rate of 7.25% is offered on tenure of 444 days.For deposits maturing in 1 year, the bank has cut the interest rate by 5 bps from 6.80% to 6.75% for regular citizens. Last month, the bank decreased the interest rate on FDs maturing in 666 days to 7.05% from 7.25%.
Punjab National Bank latest FD rates for senior citizens
For senior citizens, PNB offers FD interest rates between 4% to 7.75% for tenure ranging between 7 days to 10 years. The highest interest rate of 7.75% is offered on tenure of 444 days.
The bank decreased the interest rate by 5 bps on deposits maturing in 1 year to 7.75% from 7.25% from 7.30% for senior citizens.
Last month, the bank decreased the interest rate on FDs maturing in 666 days to 7.55% from 7.75%.
Punjab National Bank latest FD rates for super senior citizen
For super senior citizens, PNB offers FD interest rates between 4.30% to 8.05% for tenure ranging between 7 days to 10 years. The highest interest rate of 8.05% is offered on tenure of 444 days.
For deposits maturing in 1 year, the bank has cut the interest rate by 5 bps to 7.55% from 7.60% for super senior citizens.
Last month, the bank decreased the interest rate on FDs maturing in 666 days to 7.85% from 8.05%.
Latest PNB FD rates
Domestic/NRO Fixed Deposit SchemeSl. NoPeriodExisting Rates For Public W.E.F. 18.05.2023Revised Rates For Public W.E.F. 01.06.2023*Existing Rates For Senior Citizens W.E.F. 18.05.2023*Revised Rates For Senior Citizens W.E.F. 01.06.2023#Existing Rates For Super Senior Citizens W.E.F. 18.05.2023#Revised Rates For Super Senior Citizens W.E.F. 01.06.202317 to 14 days3.53.5444.34.3215 to 29days3.53.5444.34.3330 to 45 days3.53.5444.34.3446 to 90 days4.54.5555.35.3591 to 179 days4.54.5555.35.36180 days to 270 Days5.55.5666.36.37271 days to less than 1 year5.85.86.36.36.66.681 year6.86.757.37.257.67.559above 1 year to 443 days6.86.87.37.37.67.610444 days7.257.257.757.758.058.0511445 days to 665 days6.86.87.37.37.67.612666 days7.057.057.557.557.857.8513667 days to 2 years6.86.87.37.37.67.614above 2 year & upto 3 years777.57.57.87.815above 3 year & upto 5 years6.56.5777.37.316above 5 years & upto 10 years6.56.57.37.37.37.3Source: Bank website
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This story originally appeared on: India Times - Author:Faqs of Insurances
