PNB hikes FD interest rates on select tenures by up to 50 bps; these investors can earn 8.05%
Punjab National Bank has hiked fixed deposit interest rates on select tenures for general citizens, senior and super senior citizens by up to 50 basis points (bps) for amounts below Rs 2 crore. The new rates are effective from November 1, 2023.Latest Punjab National Bank 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.The bank has hiked FD interest rate by 50 bps from 5.50% to 6% on 180 to 270 days tenure and by 45 bps on tenure of 271 Days to less than 1 Year from 5.80% to 6.25% for general citizens.
Punjab National Bank latest FD rates for senior citizens
According to the PNB website, “The Senior citizens of age 60 years and up to 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 a tenure of 444 days.
For senior citizens, the bank has hiked FD rates by 50 bps from 6% to 6.50% on 180 to 270 days tenure and by 45 bps on a tenure of 271 Days to less than 1 Year from 6.30% to 6.75%.
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Punjab National Bank latest FD rates for super senior citizens
Super Senior Citizens of age 80 years and above shall get additional rate of interest of 80bps over applicable card rate across all maturity buckets.
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.
While for super senior citizens the bank has hiked the FD rate by 50 bps from 6.30% to 6.80% on 180 to 270 days tenure and by 45 bps on tenure of 271 Days to less than 1 Year from 6.60% to 7.05%.
Punjab National Bank FD rates
Sl. NoPeriodExisting Rates For Public W.E.F. 01.06.2023Revised Rates For Public W.E.F. 01.11.2023*Existing Rates For Senior Citizens W.E.F. 01.06.2023*Revised Rates For Senior Citizens W.E.F. 01.11.2023#Existing Rates For Super Senior Citizens W.E.F. 01.06.2023#Revised Rates For Super Senior Citizens W.E.F. 01.11.202317 to 14 Days3.53.5444.34.3215 to 29 Days3.53.5444.34.3330 to 45 Days3.53.5444.34.3446 to 90 Days4.54.5555.35.3591 to 179 Days4.54.5555.35.36180 to 270 Days5.5666.56.36.87271 Days to 5.86.256.36.756.67.0581 Year6.756.757.257.257.557.559>1Year to 443 Days6.86.87.37.37.67.610444 Days7.257.257.757.758.058.0511445 Days to 2 Years6.86.87.37.37.67.612above 2 years & upto 3 years777.57.57.87.813above 3 years & upto 5 years6.56.5777.37.314above 5 years & upto 10 years6.56.57.37.37.37.3Source: PNB websiteConnect with Experts - Wealth creation made easy
This story originally appeared on: India Times - Author:Faqs of Insurances
