PNB revises FD interest rates: Bank cuts rates by up to 15 bps; check latest fixed deposit rates For senior citizens, the bank offers between 4% to 7.75% and for super senior citizens, the bank offers between 4.30% to 8.05%
Punjab National Bank (PNB) has revised FD interest rates on deposits below Rs 2 crore, according to the bank website. The new FD rates are effective from April 12, 2024.Latest Punjab National Bank FD rates
After revision, the bank offers FD interest rates between 3.50% to 7.25% for regular citizens. For senior citizens, the bank offers between 4% to 7.75% and for super senior citizens, the bank offers between 4.30% to 8.05%.
PNB FD rates for general citizens
Sl. NoPeriodExisting Rates For Public W.E.F. 08.01.2024Revised Rates For Public W.E.F. 12.04.202417 to 14 Days3.53.5215 to 29 Days3.53.5330 to 45 Days3.53.5446 to 60 Days4.54.5561 to 90 Days4.54.5691 to 179 Days4.54.57180 to 270 Days668271 Days to 299 Days6.256.259300 Days6.257.0510301 Days to 6.256.25111 Year6.756.7512> 1 Year to 399 days6.86.813400 Days7.257.2514401 Days to 2 Years6.86.815> 2 years to 3 years7716> 3 years to 1203 days6.56.5171204 days**6.56.4181205 days to 5 years6.56.519> 5 years to 1894 days6.56.5201895 days**6.56.35211896 days to 10 years6.56.5
FD interest rate for senior citizens
Sl. NoPeriod*Existing Rates For Senior Citizens W.E.F. 08.01.2024*Revised Rates For Senior Citizens W.E.F. 12.04.202417 to 14 Days44215 to 29 Days44330 to 45 Days44446 to 60 Days55561 to 90 Days55691 to 179 Days557180 to 270 Days6.56.58271 Days to 299 Days6.756.759300 Days6.757.5510301 Days to 6.756.75111 Year7.257.2512> 1 Year to 399 days7.37.313400 Days7.757.7514401 Days to 2 Years7.37.315> 2 years to 3 years7.57.516> 3 years to 1203 days77171204 days**76.9181205 days to 5 years7719> 5 years to 1894 days7.37.3201895 days**7.37.15211896 days to 10 years7.37.3
FD interest rate for super senior citizens
Sl. NoPeriod#Existing Rates For Super Senior Citizens W.E.F. 08.01.2024#Revised Rates For Super Senior Citizens W.E.F. 12.04.202417 to 14 Days4.34.3215 to 29 Days4.34.3330 to 45 Days4.34.3446 to 60 Days5.35.3561 to 90 Days5.35.3691 to 179 Days5.35.37180 to 270 Days6.86.88271 Days to 299 Days7.057.059300 Days7.057.8510301 Days to 7.057.05111 Year7.557.5512> 1 Year to 399 days7.67.613400 Days8.058.0514401 Days to 2 Years7.67.615> 2 years to 3 years7.87.816> 3 years to 1203 days7.37.3171204 days**7.37.2181205 days to 5 years7.37.319> 5 years to 1894 days7.37.3201895 days**7.37.15211896 days to 10 years7.37.3*Senior Citizen-Age 60 Year and upto
**The additional rate of interest applicable on domestic deposits accepted from senior citizens is not applicable for NRO deposits.
**Two buckets of 1204 days & 1895 days have been specifically identified under the PNB Palaash scheme, to commemorate our Banks’s foundation day, i.e. 12th of April, 1895.
According to the website, the bank has reduced 10 basis points (bps) on 1204 days and 15 bps on 1895 days.
This story originally appeared on: India Times - Author:Faqs of Insurances
