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.

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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.

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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.

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PNB tweeted

PNB has given information about this on its official tweet. PNB has written in the tweet that when you get good interest on investment, the savings will automatically increase. PNB has brought a special scheme of 600 days to the customers.

When interest rates are so high then saving will automatically fly!#InterestRates #FixedDeposit #Saving #Expectation pic.twitter.com/cjgYFujUlK

— Punjab National Bank (@pnbindia) November 11, 2022

will get big interest

PNB’s 600-day scheme offers the benefit of interest at the rate of 7.85 per cent. To take advantage of this scheme, you can apply through PNB One app. Apart from this, you can also take advantage of this by visiting the branch of the bank.

What is the specialty of the scheme

• This special scheme from the bank has started from 19 October 2022.
• This scheme is for senior citizens (60-80 years).
• Apart from this, very senior citizens (80 years and above) can also take advantage of this.
• Under this, a lump sum amount of less than two crore rupees can be deposited.

The post Good news for PNB customers! Bank started 600 days Fixed Deposit scheme – will get more benefits first appeared on Rightsofemployees.com.

How much has increased?

Let us tell you that the bank has increased the interest rates for certain period for senior citizens. At the same time, interest rates for all tenures have been increased for super senior citizens. According to the PNB website, the bank has increased the interest rates of FDs up to Rs 2 crore by 0.30 percent. For senior citizens, 6.60 percent and for very senior citizens, 6.90 percent maximum interest is being given.

Know how much benefit

you will get , on fixed deposits of less than ₹ 2 crore, the bank is giving interest at the rate of 3.50 percent on FDs maturing in 7 days to 45 days. FDs maturing in 46 to 90 days are getting interest at an interest rate of 3.75 percent. Let’s check here the latest rates-

How much interest super senior citizens are getting

– 7 to 14 days – 3.80 per cent
15 to 29 days – 3.80 per cent
30 to 45 days – 3.80 per cent
46 to 90 days – 4.05 per cent
91 to 179 days – 4.80 per cent
180 to 270 days – 5.30 Percentage
271 to < 1 year – 5.30 percent 1
year – 6.30 percent
1 year to 404 days – 6.30 percent
405 days – 6.90 percent
406 days to 2 years – 6.30 percent
2 to 3 years – 6.40 percent
3 to 5 years – 6.55 percent
5 to 10 years – 6.45 per cent
1111 days – 6.55 per cent

How much interest senior citizens are getting

– 7 to 14 days – 3.50 per cent
15 to 29 days – 3.50 per cent
30 to 45 days – 3.50 per cent
46 to 90 days – 3.75 per cent
91 to 179 days – 4.50 per cent
180 to 270 days – 5.00 per cent
271 to < 1 year – 5.00 percent
1 year – 6.00 percent
1 year to 404 days – 6.00 percent
405 days – 6.60 percent
406 days to 2 years – 6.00 percent
2 to 3 years – 6.10 percent
3 to 5 years – 6.25 percent
5 10 years – 6.45 per cent
1111 days – 6.25 per cent

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