PNB FD Interest Rates: The country’s second largest government bank Punjab National Bank (PNB) has changed the interest rates of Fixed Deposit for its customers.
The bank has increased the rates on some of its tenure FDs and has also reduced the interest rates of some tenures. The bank’s new FD rates have come into effect from May 18, 2023.
Punjab National Bank has implemented the change in interest rates on FDs of less than Rs 2 crore. According to the official website of PNB, the interest on FD of 444 days has been increased. At the same time, the interest rates on 666 days FD have been reduced.
Interest rates increased on these tenures
PNB has increased the interest rate for common citizens from 6.80 percent to 7.25 percent on FDs of 444 days. On this tenure, the bank has increased the interest rate for senior citizens from 7.30 per cent to 7.75 per cent. On the same tenure, the bank has increased the interest rate for NRE customers from 6.80 per cent to 7.25 per cent.
Interest rates reduced on these tenures
PNB has reduced the interest on FDs of 666 days 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. On the same tenure, the bank has reduced the interest rate for NRE customers from 7.25 per cent to 7.05 per cent.