Punjab National Bank slashes FD rates for second time in two months; Bandhan Bank revises FD rates: Check details The new rates will be effective from May 1, 2025. PNB will offer interest rates between 3.50% and 7.10% for general citizens
Punjab National Bank (PNB) has once again revised its fixed deposit (FD) interest rates for retail deposits below Rs 3 crore, just weeks after making similar changes in April 2025. This time, the bank has reduced interest rates by up to 25 basis points (bps) on select short- and medium-term tenures. The new rates are effective from May 1, 2025.
Latest PNB FD interest rates
After revision, Punjab National Bank offers fixed deposit interest rates between 3.50% and 7.10% for tenures ranging from 7 days to 10 years for general citizens. The highest interest rate of 7.10% is offered on a tenure of 390 days.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
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Bank has reduced FD rates on these tenures
For general citizens for amounts below Rs 3 crore. For tenures ranging from 180 to 270 days, the bank has reduced the FD interest rate to 6% from 6.25%. For tenures of 271 to 299 days, the rate has been revised to 6.25% from 6.5%.For a tenure of 303 days, the interest rate has been lowered to 6.15% from 6.4%, while for 304 days to less than 1 year, the rate now stands at 6.25% instead of 6.5%. For a 1-year tenure, the FD interest rate has been revised to 6.7% from 6.8%.
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From ATM fees to FD rates: Key financial changes effective May 1, 2025FD interest rates for senior citizens
Senior citizens of age 60 years and above to below 80 years shall get an additional rate of interest of 50 bps over applicable card rates for a period up to 5 years and 80 bps for a period above 5 years on domestic deposits of less than Rs. 3 Crore. For senior citizens, the bank offers interest rates ranging from 4.00% to 7.60%.FD interest rates for super senior citizens
Super Senior Citizens of age 80 years & above shall get an additional rate of interest of 80 bps over applicable card rate across all maturity buckets. For super senior citizens, the rates are slightly higher, ranging from 4.30% to 7.90% after revision.PeriodRevised Rates For Public w.e.f. 01.05.2025*Revised Rates for Senior Citizens w.e.f. 01.05.2025#Revised Rates for Super Senior Citizens w.e.f. 01.05.20257 to 14 Days3.544.315 to 29 Days3.544.330 to 45 Days3.544.346 to 60 Days4.555.361 to 90 Days4.555.391 to 179 Days5.566.3180 to 270 Days66.56.8271 Days to 302 Days6.256.757.05303 Days6.156.656.95304 Days to 6.256.757.051 Year6.77.27.5> 1 Year to 389 days6.87.37.6390 days7.17.67.9391 Days-505 Days6.87.37.6506 Days**6.77.27.5507 Days to 2 year6.87.37.6> 2 years to 3 years6.757.257.55> 3 years to 1203 days6.256.757.051204 days**6.156.656.951205 days to 5 years6.256.757.05> 5 years to 1894 days66.86.81895 days**5.856.656.651896 days to 10 years66.86.8
Bandhan Bank latest FD interest rates
Bandhan Bank has revised fixed deposit interest rates for amounts less than Rs 3 crore. After revision, the bank offers fixed deposit interest rates between 3% and 7.75% for tenures ranging from 7 days to 10 years for general citizens. For senior citizens, the bank offers FD interest rate between 3.75% and 8.25%. The highest interest rate of 7.75% and 8.25% is offered on a one-year tenure. The new rates are applicable from May 1, 2025.Maturity BucketInterest Rates for Non-Senior CitizensInterest Rates for Senior Citizens7 days to 14 days3.00%3.75%15 days to 30 days3.00%3.75%31 days to less than 2 months3.50%4.25%2 months to less than 3 months4.50%5.25%3 months to less than 6 months4.50%5.25%6 months to less than 1 year4.50%5.25%1 year7.75%8.25%1 year 1 day to 1 year 9 months7.65%8.15%1 year 9 months 1 day to less than 2 years7.25%7.75%2 years to less than 3 years7.25%7.75%3 years to less than 5 years7.25%7.75%5 years to up to 10 years5.85%6.60%
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This story originally appeared on: India Times - Author:Faqs of Insurances
