Punjab National Bank has revised the interest rates on FDs of certain tenure for deposit scheme less than Rs 2 crore.
PNB has increased the interest rates on FDs of some tenures (PNB Hikes FD interest rates) and has reduced the interest rates on FDs of some tenures. PNB has made the new interest rates effective from 18 May 2023. Let us tell you that on the last day, Axis Bank has also reduced the interest rates on FDs of many tenures.
Punjab National Bank increased interest rates on these tenures
PNB has increased the interest rate for regular citizens on FDs maturing in 444 days by 45 bps from 6.80 percent to 7.25 percent. On the same tenure, the bank has increased the interest rate for senior citizens by 45 bps from 7.30 per cent to 7.75 per cent. At the same time, the bank has increased the interest rate for NRE customers by 45 bps from 6.80 per cent to 7.25 per cent on FDs of the same tenure.
PNB reduced interest rates on FDs of these tenures
Punjab National Bank has cut interest rates (PNB Reduced FD interest rates) for regular citizens and senior citizens and NI investors on FDs maturing in 666 days. The bank has reduced the interest on 666 days FD from 7.25 per cent to 7.05 per cent. On FDs of the same tenure, the bank has reduced the interest rate for senior citizens from 7.75 per cent to 7.55 per cent. At the same time, the bank has reduced the interest rate for NRE customers from 7.25 per cent to 7.05 per cent on FDs of the same tenure.
Axis Bank has also reduced FD interest rates
Axis Bank has reduced fixed deposit interest rates (FD Interest Rates) by up to 20 basis points for deposits of less than Rs 2 crore. The new FD interest rates have been made effective from 18 May 2023. Axis Bank is offering interest rates ranging from 3.5 per cent to 7.10 per cent on FDs for tenures ranging from 7 days to 10 years.
