New Delhi. Public sector lender Punjab National Bank has increased interest rates by up to 75 bps on fixed deposits (FD rates) of less than ₹ 2 crore.
According to the official website of the bank, the new rates are effective from today 26 October 2022. After the revision, the bank is now offering interest rates ranging from 3.50% to 6.10% on deposits maturing in 7 days to 10 years.
Punjab National Bank is now offering a maximum interest rate of 7% for general public, 7.50% for senior citizens and 7.80% for super senior citizens. Citizens PNB is offering an additional 80 basis points (BPS) on Fixed Deposits (FDs) for senior citizens above the age of 80 years. Additional interest rate is available on all tenors ranging from 7 days to 10 years.
Check Latest FD Rate
— On deposits maturing in 46 to 90 days, the bank has increased the interest rate from 3.75% to 4.50%.
The interest rate on deposits maturing in less than 1 year from 180 days has been increased from 5% to 5.50%.
The interest rate on deposits maturing in 1 year has increased from 5.70% to 6.30%.
Bank has increased the interest rate on deposits maturing in 600 days from 6.50% to 7%. Whereas super senior citizens will get interest at the rate of 7.80%.
– Deposits maturing in 601 days to 2 years will now get an interest rate of 6.30% as against 5.70% earlier.
PNB has increased the interest rates on deposits maturing in 2 to 3 years by 45 bps from 5.80% to 6.25%.
Interest rates on deposits maturing in 3 to 5 years have been increased by 30 bps.
The bank has increased the interest rate on deposits maturing in 5 to 10 years from 5.85% to 6.10%.
