PNB Revises FD Rates On This Tenure, Check Latest Rates

Punjab National Bank (PNB) revised fixed deposit interest rate on single tenure for amounts below Rs 2 crore.

Signage for Punjab National Bank (PNB) is displayed outside a branch in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Punjab National Bank (PNB) has revised the fixed deposit interest rates for amounts below Rs 2 crore, effective from June 1, 2023, as stated on the official PNB website. This decision follows PNB's recent adjustments in interest rates for select fixed deposits (FDs) on various tenures.

PNB Latest FD Rates:

Under the revised rates, PNB offers general citizens FD interest rates ranging between 3.5% and 7.25% for tenures spanning 7 days to 10 years. The highest interest rate of 7.25% is now provided for a tenure of 444 days.

For deposits maturing in 1 year, the bank has revised the interest rate to 6.75% for regular citizens.

PNB Latest FD Rates For Senior Citizens:

For senior citizens, PNB now offers FD interest rates ranging from 4% to 7.75% for tenures spanning 7 days to 10 years. The highest interest rate of 7.75% is applicable for a tenure of 444 days.

PNB has revised the interest rate on deposits maturing in 1 year for senior citizens, bringing it to 7.75%.

PNB Latest FD Rates For Super Senior Citizens:

Domestic/NRO $ Fixed Deposit Scheme
Period Rates in % per annum <Rs 2 Cr Existing Rates For Public W.E.F. 18.05.2023 Revised 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. 01.06.2023
7-14 Days 7 to 14 days 3.5 3.5 4 4 4.3 4.3
15-30 Days 15 to 29days 3.5 3.5 4 4 4.3 4.3
31-45 Days 30 to 45 days 3.5 3.5 4 4 4.3 4.3
46-90 Days 46 to 90 days 4.5 4.5 5 5 5.3 5.3
91-120 Days 91 to 179 days 4.5 4.5 5 5 5.3 5.3
121-180 Days 180 days to 270 Days 5.5 5.5 6 6 6.3 6.3
181 Days to < 1 year 271 days to less than 1 year 5.8 5.8 6.3 6.3 6.6 6.6
1 year 1 year 6.8 6.75 7.3 7.25 7.6 7.55
>1 year to 398 Days above 1 year to 443 days 6.8 6.8 7.3 7.3 7.6 7.6
399 Days 444 days 7.25 7.25 7.75 7.75 8.05 8.05
400 Days to 2 year 445 days to 665 days 6.8 6.8 7.3 7.3 7.6 7.6
> 2 year to less than 3 years 666 days 7.05 7.05 7.55 7.55 7.85 7.85
3 years 667 days to 2 years 6.8 6.8 7.3 7.3 7.6 7.6
> 3 Year to 5 years above 2 year & upto 3 years 7 7 7.5 7.5 7.8 7.8
>5 Years to 10 Years above 3 year & upto 5 years 6.5 6.5 7 7 7.3 7.3
above 5 years & upto 10 years 6.5 6.5 7.3 7.3 7.3 7.3

PNB has revised the interest rate on deposits maturing in 1 year for senior citizens, bringing it to 7.55%.

Super senior citizens can avail FD interest rates between 4.30% and 8.05% for tenures ranging from 7 days to 10 years. The highest interest rate of 8.05% is offered for a tenure of 444 days.

The interest rate on deposits maturing in 1 year for super senior citizens, now offering 7.55%.

For more detailed information, customers are advised to visit Punjab National Bank's official website or their nearest branch.

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Komal Jain
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