This benefit will be available to common people, senior and super senior citizens on deposits of less than Rs 2 crore. These new FD rates will be applicable from November 1st. At present, Punjab National Bank is offering the highest rate of 7.25 percent to the common people, which is available for a period of 444 days.

What are the new changes

The bank has informed that it has increased the interest rate on FD for the period of 180 to 270 days for the common people by half a percent and has increased the rates from 5.5 percent to 6 percent. Whereas for the period of more than 271 days and less than one year, FD rates have been increased by 0.45 percent and it has been increased from 5.8 percent to 6.25 percent.

According to the bank’s website, senior citizens i.e. Indian citizens above 60 years and below 80 years will get half percent extra on FD for tenure less than 5 years and 0.8 percent extra on FD for tenure more than 5 years. This increase will be applicable on domestic deposits up to a limit of less than Rs 2 crore.

On this basis, the interest rate on FD for senior citizens for a period of 180 to 270 days has increased from 6 percent to 6.5 percent. Whereas for the period of more than 271 days and less than one year, the FD rate has been increased from 6.3 percent to 6.75 percent.

Whereas for Super Senior Citizens, the interest rate on FD for period of 180 to 270 days has increased from 6.3 percent to 6.8 percent. Whereas for the period of more than 271 days and less than one year, the FD rate has been increased from 6.6 percent to 7.05 percent.

What are the interest rates of Punjab National Bank?

Punjab National Bank is currently offering FD options for a period of 7 days to 10 years in which interest ranging from 4 percent to 7.75 percent is being offered. The highest interest is available on FD of 444 days, here the investor is getting interest up to 7.75 percent.

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By the way, all the people using PNB will be happy with this news. The increase in FD interest rates by PNB will greatly benefit the account holders. Reports suggest that the bank has increased the interest rate on FDs between Rs 2 crore and Rs 10 crore.

PNB’s interest rate on FDs of 7 to 45 days will be increased by 0.50 percent to 5.50 to 6.00 percent. It has also been said that the interest rate on FDs with terms of 46 to 90 days will increase by 0.75 percent. Now at present, the interest rate has been increased from 5.50 per cent to 6.25 per cent. At the same time, the interest rate on FD of 6 months was increased from 6.25 percent to 6.50 percent. After this PNB customers have started dancing with joy.

The interest rate in the slabs of PNB has been determined keeping in mind the limit of the tenure of the FD. For example, if you make an FD for 1 to 2 years, then you will get interest at the rate of 6.50 percent. At the same time, on doing FD for 2 to 3 years, you will get interest at the rate of 6.50 percent.

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Punjab National Bank (Punjab National Bank – PNB), which is included in the country’s big public sector banks, has increased the interest rates of Fixed Deposits (FD) of less than Rs 2 crore. According to the official website of the bank, the new rates have come into effect from December 19, 2022.

After this change, the bank has reduced the interest rate on FD of 666 days to 7.25 percent. Earlier it was 6.30 percent. The bank has increased the rate of 40 basis points on fixed deposits ranging from 3 years to 10 years. With this announcement of PNB, the customers will get a big relief in the midst of costlier loans.

According to PNB, 666 days FD will get interest at the rate of 7.25 per cent for general public, 7.75 per cent for senior citizen customers and 8.05 per cent for super senior citizens.

Interest rates on deposits below Rs 2 crore have been hiked. Earlier on 26 October 2022, the bank had increased the interest on fixed deposits. Now the bank has changed it once again. The bank has increased the interest rates on deposits of 666 days from 6.30 per cent to 7.25 per cent. For this tenure, the bank is offering 8.05 per cent interest to the super senior citizens. The bank is now paying interest at the rate of 3.50 per cent on FDs maturing in 7 days to 45 days. While senior citizens will get interest at the rate of 4 percent.

Interest rate on FD for senior citizens

According to the bank’s website, senior citizens between 60 years and 80 years get an interest of 50 basis points more than the normal. While elders above 80 years are offered 80 basis points more interest than normal customers.

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PNB FD Rate: After the increase in FD interest rates last week, Punjab National Bank (PNB) has once again increased the interest on FD. The bank has again increased the FD interest rates on deposits below Rs 2 crore. These new rates have come into effect from 26 October. PNB Bank will now offer interest at the rate of 4.50 percent on FDs of 46 days to 90 days. The bank has increased it by 75 basis points. It will now offer an interest rate of 5.50 per cent on FDs ranging from 180 days to less than a year. Earlier, interest of 5 per cent was being available on this.

Now these are the new rates

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