Canara Bank and Punjab National Bank (PNB) have adjusted their fixed deposit (FD) interest rates for retail term deposits under Rs 3 crore, effective June 1, 2025

New FD rates from June 1, 2025: PNB, Canara Bank revise interest rates across tenures Canara Bank decreased rates on specific tenures, while PNB reduced rates on some and increased rates on longer-term deposits. PNB's highest rate is now 6.9% on a 390-day tenure

Canara Bank and Punjab National Bank (PNB) have revised their fixed deposit (FD) interest rates on retail term deposits less than Rs 3 crore, effective June 1, 2025. While both banks have cut rates on several key tenures, PNB has also increased rates on select long-term deposits.

Latest Canara Bank FD interest rates

Canara bank offers FD interest rates on callable fixed deposits between 4% and 7% for general customers, and between 4% and 7.50% for senior citizens. The rates are effective from June 1, 2025
For the one-year tenure, Canara Bank has reduced the FD interest rate by 10 basis points (bps), from 6.85% to 6.75%. For FD tenures of 3 years and above but less than 5 years, the rate has been lowered by 25 bps, from 7% to 6.75%.

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Term Deposits (All Maturities)	General Public	Senior Citizen
	Rate of Interest (% p.a.)	Rate of Interest (% p.a.) #
7 Days to 45 Days	4	4
46 Days to 90 Days	5.25	5.25
91 Days to 179 Days	5.5	5.5
180 Days to 269 Days	6.15	6.65
270 Days to less than 1 Year	6.25	6.75
1 Year Only	6.75	7.25
444 Days	7	7.5
Above 1 Year to less than 2 Years	6.85	7.35
2 Years & above to less than 3 Years	6.9	7.4
3 Years & above to less than 5 Years	6.75	7.25
5 Years & above to 10 Years	6.7	7.2

Latest PNB FD interest rates

Punjab National Bank (PNB) has once again revised its fixed deposit (FD) interest rates for retail deposits less than Rs 3 crore. The new rates are effective from June 1 2025.

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After revision, Punjab National Bank offers fixed deposit interest rates between 3.50% and 6.90% for tenures ranging from 7 days to 10 years for general citizens. The highest interest rate of 6.9% is offered on a tenure of 390 days. Earlier, the highest interest rate of 7% was offered on a tenure of 390 days.

For senior citizens, the bank offers interest rates ranging from 4.00% to 7.40%. For super senior citizens, the rates are slightly higher, ranging from 4.30% to 7.70% after revision.

For FD tenures of more than 1 year to 389 days, Punjab National Bank (PNB) has reduced the FD interest rate by 10 basis points (bps), from 6.80% to 6.70%. On the 390-day tenure, the rate has been revised from 7% to 6.90%. For tenures ranging from 391 days to 505 days, the rate has been lowered from 6.80% to 6.70%, while the 506-day tenure now offers 6.60%, down from 6.70%. For tenures between 507 days and 2 years, the rate has been cut from 6.80% to 6.70%. Additionally, for deposits with tenures of over 2 years up to 3 years, the interest rate has been reduced by 5 bps, from 6.75% to 6.70%.

For the 1204-day tenure, Punjab National Bank (PNB) has increased the FD interest rate by 25 basis points (bps), from 6.15% to 6.40%. For tenures ranging from 1205 days to 5 years, the rate has been raised from 6.25% to 6.50%, also reflecting a 25 bps hike.

Sl. No	Period	Revised Rates For Public w.e.f. 01.06.2025	*Revised Rates for Senior Citizens w.e.f. 01.06.2025	#Revised Rates for Super Senior Citizens w.e.f. 01.06.2025
1	7 to 14 Days	3.5	4	4.3
2	15 to 29 Days	3.5	4	4.3
3	30 to 45 Days	3.5	4	4.3
4	46 to 60 Days	4.5	5	5.3
5	61 to 90 Days	4.5	5	5.3
6	91 to 179 Days	5.5	6	6.3
7	180 to 270 Days	6	6.5	6.8
8	271 Days to 302 Days	6.25	6.75	7.05
9	303 Days	6.15	6.65	6.95
10	304 Days to < 1 Year	6.25	6.75	7.05
11	1 Year	6.7	7.2	7.5
12	> 1 Year to 389 days	6.7	7.2	7.5
13	390 days	6.9	7.4	7.7
14	391 Days-505 Days	6.7	7.2	7.5
15	506 Days**	6.6	7.1	7.4
16	507 Days to 2 year	6.7	7.2	7.5
17	> 2 years to 3 years	6.7	7.2	7.5
18	> 3 years to 1203 days	6.5	7	7.3
19	1204 days**	6.4	6.9	7.2
20	1205 days to 5 years	6.5	7	7.3
21	> 5 years to 1894 days	6	6.8	6.8
22	1895 days**	5.85	6.65	6.65
23	1896 days to 10 years	6	6.8	6.8

This story originally appeared on: India Times - Author:Faqs of Insurances