What is IMPS?

IMPS i.e. Immediate Payment Service is a real-time payment service run by NPCI i.e. National Payment Corporation of India. Through this, you can send money instantly 24×7. Its maximum limit is Rs 5 lakh per transaction. SMS and IVR are not included in this.

Now if you send money through IMPS, keep in mind that different banks will have different charges. The charge is less for small amounts, but it can go up to Rs 20 for large amounts. Therefore, before making a transaction, definitely check the rules of your bank.

SBI – State Bank of India new charges

SBI has imposed charges on online IMPS from 15th August 2025.

Rs 25,000 to Rs 1,00,000: Rs 2 + GST

Rs 1,00,000 to Rs 2,00,000: Rs 6 + GST

Rs 2,00,000 to Rs 5,00,000: Rs 10 + GST

Earlier all these transactions were absolutely free.

Canara Bank new charges

Up to Rs 1,000: No charges

Rs 1,000 – Rs 10,000: Rs 3 + GST

Rs 10,000 – Rs 25,000: Rs 5 + GST

Rs 25,000 – Rs 1,00,000: Rs 8 + GST

Rs 1,00,000 – Rs 2,00,000: Rs 15 + GST

Rs 2,00,000 – Rs 5,00,000: Rs 20 + GST

Punjab National Bank new charges

Up to Rs 1,000: No charges

Rs 1,001 – Rs 1,00,000:

From Branch: Rs 6 + GST

Online: Rs 5 + GST

Above Rs.1,00,000:

From Branch: Rs 12 + GST

Online: Rs 10 + GST

HDFC Bank’s new charges (effective from 1 August 2025)

Up to Rs 1,000:

Regular customer: Rs 2.50

Senior Citizen: Rs 2.25

Rs 1,000 – Rs 1,00,000:

Regular: Rs 5

Senior Citizen: Rs 4.50

Above Rs.1,00,000:

Regular: Rs 15

Senior Citizen: Rs 13.50

HDFC Gold and Platinum account holders will not have to pay any charges.

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Punjab National Bank has taken this step following the guidelines of the Reserve Bank of India (RBI). PNB customers have to update KYC details for their account before August 8. If you do not update KYC details within the stipulated time, then your bank account may be banned. However, updating KYC details for a bank account is not mandatory for all customers.

For which PNB customers it is necessary to update KYC

Punjab National Bank said in a statement that KYC update is necessary only for those customers whose bank accounts are to be KYC updated by June 30, 2025. According to the PNB statement, “As part of the KYC compliance process, PNB requests customers to provide proof of identity, proof of address, recent photograph, PAN / Form 60, income proof, mobile number (if not available) or any other KYC details to their branch.” KYC update can also be done through PNB One / Internet Banking Services (IBS) or through registered email / post to your branch by August 8, 2025.

What is PNB’s periodic KYC updation policy

PNB, the country’s third largest public sector bank in terms of market cap, had also asked its customers to update their KYC in January this year. According to the PNB KYC periodic update policy, the bank adopts a risk-based approach for periodic update of KYC. Periodic update is required to be done at least once every two years for high-risk customers, once every 8 years for moderate-risk customers and once every 10 years for low-risk customers from the date of account opening/last KYC update.

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State Bank of India (SBI): The country’s largest bank is giving interest at the rate of 6.70% to common citizens for a period of 2 years to 3 years. At the same time, senior citizens are being provided interest at the rate of 7.20 percent for this period.

HDFC Bank: This largest private sector bank is still giving great interest for a period of 15 to 18 months. The bank is providing interest at the rate of 6.85% to common citizens for this period. At the same time, the interest rate for senior citizens is 7.35%.

ICICI Bank: This private sector bank is providing the highest interest for a period of 18 months to 2 years. The bank is providing interest at the rate of 6.85% to common citizens for this period. At the same time, senior citizens are being provided interest at the rate of 7.35% for this period.

Bank of Baroda: Government bank Bank of Baroda is providing better returns on 1 year FD. The bank is giving interest at the rate of 6.70% to common citizens on 1 year FD. At the same time, for this period, senior citizens and super senior citizens are being provided interest at the rate of 7.20% and 7.20% respectively.

PNB: Punjab National Bank is still giving great returns on 1 year FD. The bank is giving interest at the rate of 6.70% to common citizens on 1 year FD. At the same time, senior citizens and super senior citizens are being provided interest at the rate of 7.20% and 7.50% respectively.

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Let us tell you that on March 28, the Reserve Bank of India had approved the increase in charges after the free limit is over. According to the rules of the Reserve Bank of India, any customer can do 5 free transactions (including financial and non-financial) from his bank’s ATM in a month. From today, after the free transaction limit is over, you will now have to pay an extra charge of Rs 2 on each transaction. With the implementation of the new rules, after the free limit is over, a charge of Rs 23 will now be levied on each transaction.

The Reserve Bank of India issued the notification on March 28

According to the RBI notification dated March 28, 2025, “ATM interchange fee will be decided by the ATM network. After the free limit, a maximum fee of Rs 23 may be charged to the customer on each transaction. This will be effective from May 1, 2025. Applicable taxes, if any, will be payable separately. These instructions, with changes as required, will also apply to transactions done at cash recycler machines,” RBI had said.

You can make free transactions only 3 times in metro cities

According to the new rules, if you are using another bank’s ATM, you can do a maximum of 3 free transactions in a month in metro cities and a maximum of 5 free transactions in non-metro cities. If you are using your bank’s ATM, you can do 5 free transactions in a month. After crossing the limit of free transactions, you will have to pay a charge of Rs 23 on each transaction. Currently, after the free transaction limit is over, the bank can charge its customers a maximum of Rs 21 on each transaction. Let us tell you that this decision will cost those bank customers dearly, who withdraw cash or use any other service using ATM several times in a month.

These banks have implemented new rules from today

Many banks including State Bank of India, HDFC Bank, Punjab National Bank and IndusInd Bank have implemented new rules for their customers from today. Banks said that after the free limit, Rs 23 + GST ​​will have to be paid on each transaction. According to PNB, Rs 11 will have to be paid on non-financial transactions.

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Under this, changes have been made in the free transaction limit and the charge levied on additional transactions. Its purpose is to provide better operational facilities to ATM networks.

What will be the free transaction limit?

RBI has clarified that even now 3 free transactions will be available every month in metro cities and 5 free transactions will be available in non-metro cities. This limit will apply to both financial transactions such as cash withdrawal and non-financial transactions such as balance check, mini statement, PIN change etc.

How much will be the charge after the free limit?

If you transact more than the free limit, then now you will have to pay Rs 23 (plus tax) for every additional transaction. This rule will be applicable on all ATMs.

What are the banks saying?

HDFC Bank has said that from May 1, cash withdrawals from its ATMs will be charged Rs 23 + tax for transactions beyond the free limit. However, non-financial transactions like balance check, mini statement and PIN change will remain free.

PNB has said that after the free limit at ATMs of other banks, a charge of Rs 23 will be levied on financial transactions and Rs 11 (GST extra) on non-financial transactions. This change will come into effect from May 9, 2025.

IndusInd Bank has also informed that its savings, salary, NR and current account holders will have to pay Rs 23 per transaction for withdrawals from non-IndusInd ATMs after the free limit from May 1, 2025.

Advice for customers

Customers have been advised to keep an eye on their ATM transactions, especially when using another bank’s ATM. To avoid high charges, try to use your own bank’s ATM as much as possible or resort to digital payments.

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PNB savings scheme: Punjab National Bank i.e. PNB is a government bank. Which works under the central government. In terms of market cap, PNB is the third largest public sector bank in the country. PNB is running many types of savings schemes for its customers. By investing in which you can earn good profits.

Today we are going to tell you about such a savings scheme of PNB, in which you can deposit Rs 2 lakh and get a fixed and guaranteed interest of Rs 49,943. We are talking about PNB’s FD scheme.

PNB is offering 7.5% interest on 3-year FDs to senior citizens

Punjab National Bank is offering interest rates of 3.50 percent to 7.25 percent for general citizens and 4.00 percent to 7.75 percent for senior citizens on FDs of 7 days to 10 years. Punjab National Bank is offering interest rates of 7.00 percent to general citizens and 7.50 percent to senior citizens on FDs of 2 years and 1 day to 3 years.

If you are a general citizen and deposit Rs 2 lakh in a 3-year FD of Punjab National Bank, you will get a total of Rs 2,46,287 on maturity, which includes interest of Rs 46,287.

Deposit ₹2,00,000 and earn a fixed interest of ₹49,943

If you are a senior citizen and deposit Rs 2 lakh in a 3-year FD of Punjab National Bank, you will get a total of Rs 2,49,943 on maturity. Which includes Rs 49,943 in interest. Customers get a fixed and guaranteed interest on FD i.e. fixed deposit.

In this era of stock market and mutual funds, even today a large section of the country considers FD as the safest investment, because unlike the stock market or mutual funds, it does not carry any risk and you get guaranteed returns.

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Many new banking rules are being implemented by the Reserve Bank of India from April 1, 2025. So that the banking system can be made more strong, secure, easy for customers, and transparent. These new rules will affect the account holders of many public sector banks like SBI, PNB, Canara, HDFC.

Know what changes are happening in the top 5 rules related to SBI, PNB, Canara and other banks

1. Minimum balance requirements

• Minimum balance policies are being updated in other banks like SBI, Canara Bank, PNB Bank.
• From April 1, a higher minimum balance will have to be maintained in the savings account than before.
• The minimum balance required in the account may vary depending on the type of account and geographical location like urban, semi-urban or rural.
• If customers succeed in doing so, they may face penalties.

2. ATM withdrawal charges will be revised

• ATM transaction policies are also going to change from April 1.
• Higher fees may be levied for exceeding the prescribed number of free transactions.
• The number of free transactions will be reduced when using ATMs of other banks.
• Withdrawals beyond the number of free transactions will attract higher charges.
• Currently, many banks provide the benefit of free ATM withdrawals three to five times a month at their ATMs.
• Apart from this, withdrawal from ATMs of other banks can be done three times in a month. If this is done more than this, an additional charge of 20 to 25 rupees may be levied.

3. Changes in interest rates

• Public sector banks have revised the interest rates on savings accounts and fixed deposits.
• Interest rates on savings accounts will now be charged at different percentages depending on the account balance.
• To attract more long term investments, interest rates on fixed deposits have also been changed.

4. Expansion of digital banking facilities

• To bring about digital revolution, banks are upgrading the online and mobile banking services being provided to the customers.
• Many banks are using AI chatbots to answer customer queries.
• To make digital transactions more secure, features like biometric authentication and two-factor verification are being strengthened.
• Many new features will be added to online and mobile banking from April 1.

The post Banking New Rules: SBI, PNB, Canara Bank, HDFC, banking new rules, what is changing from April 1 first appeared on Rightsofemployees.com.

Punjab National Bank offers FDs with validity ranging from 7 days to 10 years to common citizens. These rates are being given on FDs of more than Rs 3 crore. Let’s see what are the revised interest rates of Punjab National Bank…

Punjab National Bank is giving this much interest on FDs of less than Rs 3 crore

• 7 days to 14 days: For general public – 5.25 percent
• 15 days to 29 days: For general public – 5.25 percent
• 30 days to 45 days: For general public – 5.25 percent
• 46 days to 60 days: For general public – 6.25 percent
• 61 days to 90 days: For general public – 6.25 percent
• 91 days to 179 days: For general public – 6.50 percent
• 180 days to 270 days: For general public – 6.65 percent
• 271 days to 299 days: For general public – 6.75 percent
• 300 days: For general public – 7.00 percent
• 301 days to 302 days – 6.75 percent
• 303 days – 7.00 percent
• 304 days to less than a year – 6.50 percent
• 1 year: For general public – 6.75 percent
• 1 year and above Up to 399 days: For general public – 6.80 percent
• 400 days: For general public – 6.80 percent
• 401 days to 505 days: For general public – 6.80 percent
• 506 days – For general public – 6.70 percent
• 507 days to 2 years: For general public – 6.80 percent
• 2 years to more than 3 years: For general public – 6.50 percent
• More than three years and up to 1203 days – 6.25 percent
• 1204 days – For general public – 6.35 percent
• 5 years to 10 years: For general public – 5.60 percent

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The revised rates will be applicable across a wide range of products including home loans, car loans, education and personal loans, ensuring that customers continue to have access to a variety of financing options, PNB said in a statement.

On February 7, after a gap of five years, the Reserve Bank of India (RBI) reduced the repo rate (the rate at which banks borrow from the central bank) by 0.25 per cent to 6.25 per cent.

Following the interest rate cut, PNB has revised the home loan rate under various schemes to 8.15 per cent.

It said, “Customers can avail full waiver of upfront processing fee and documentation fee till March 31, 2025. In the traditional home loan scheme, the interest rate starts from 8.15 per cent per annum and the monthly installment is Rs 744 per lakh.

Regarding motor vehicle loans, it said the interest rate starts from 8.50 per cent per annum for financing both new and old cars and the monthly EMI is as low as Rs 1,240 per lakh.

To promote sustainable mobility, PNB is offering a concession of 0.05 per cent in interest rate starting from 8.50 per cent per annum and an initial EMI of Rs 1,240 per lakh.

“Customers can avail a longer repayment tenure of up to 120 months and enjoy financing of 100 per cent of the ex-showroom price. In case of education loan, the minimum card rate has been reduced to 7.85 per cent per annum,” it said.

Customers can avail personal loans up to Rs 20 lakh through a seamless digital process, eliminating the need for branch visits or paperwork. Revised rates start at 11.25 per cent.

PNB said the new rates are effective from February 10.

Earlier this month, State Bank of India (SBI) had cut interest rates on retail loans, including home loans, by 0.25 per cent in line with the RBI’s policy rate cut.

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PNB KYC Update: There is big news for the customers of public sector Punjab National Bank. If you also have an account in this bank, then you need to be alert, otherwise your account will be closed soon. If you have not yet updated Know Your Customer (KYC), then the last time for you to get it done is January 23, 2025.

Punjab National Bank has said that according to RBI guidelines, it is mandatory for all customers to update KYC. The bank has asked the customers to update their Know Your Customer (KYC) information by January 23, 2025 so that their accounts can be operated smoothly. This is applicable to those customers whose account KYC update was to be done by September 30, 2024.

What details are to be given for KYC?

PNB has asked customers to submit their updated details such as identity proof, address proof, recent photo, PAN/Form 60, income proof, mobile number (if not available) or any other KYC details at any branch. This work can also be done through PNB One/Internet Banking Services (IBS) or registered email/post at your home branch till January 23.

Otherwise you will not be able to use the account
The bank has said that if KYC details are not updated within the stipulated time, there may be a restriction on account operation. For any help, customers can visit their nearest Punjab National Bank branch or visit the official website https://www.pnbindia.in.

What is KYC
Let us tell you that KYC is a way for a bank or company to ensure the identity of the customer. According to the rules of the Reserve Bank of India, it is necessary for the customers to follow the KYC process. Even after opening the account, messages of KYC update keep coming from the bank or company from time to time.

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In this, a fixed amount is deposited for a fixed period. Let us know what interest rates are being offered on FD in major banks like SBI, PNB, BoB, HDFC, ICICI and Canara Bank and how much maturity amount will be received on an investment of Rs 5 lakh.

SBI (State Bank of India) FD Interest Rates

SBI gives 7.25% interest rate to general citizens on its 444 days Amrit Vrishti FD scheme. At the same time, the interest rate on 1 year, 3 year and 5 year FD is 6.80%, 6.75% and 6.50% respectively.

• Return on investment in 1 year: For an investment of Rs 5 lakh, the maturity amount will be ₹5,34,877.
• Returns in 3 years: Maturity amount ₹6,11,196.
• Returns in 5 years: Maturity amount ₹6,90,210.

PNB (Punjab National Bank) FD Interest Rates

PNB offers 7.25% interest on its 400 days FD scheme. Interest rates on 1 year, 3 year, and 5 year FDs are 6.80%, 7%, and 6.50%, respectively.

• Return on Investment in 1 Year: Maturity Amount ₹5,34,877.
• Returns in 3 years: Maturity amount ₹6,15,720.
• Returns in 5 years: Maturity amount ₹6,90,210.

Canara Bank FD Interest Rates

Canara Bank offers 7.25% interest on FDs of 444 days. Interest rates on 1 year, 3 year, and 5 year FDs are 6.85%, 6.80%, and 6.70%, respectively.

• Return on Investment in 1 Year: Maturity Amount ₹5,35,140.
• Returns in 3 years: Maturity amount ₹6,12,099.
• Returns in 5 years: Maturity amount ₹6,97,033.

BoB (Bank of Baroda) FD Interest Rates

BoB offers 7.30% interest on 400 days FD scheme. Interest rates on 1 year, 3 year, and 5 year FDs are 6.85%, 7.15%, and 6.80%, respectively.

• Return on Investment in 1 Year: Maturity Amount ₹5,35,140.
• Returns in 3 years: Maturity amount ₹6,18,448.
• Returns in 5 years: Maturity amount ₹7,00,469.

HDFC Bank FD Interest Rates

HDFC Bank offers 7.40% interest on 4 years 7 months (55 months) FDs. Interest rates on 1 year, 3 year, and 5 year FDs are 6.60%, 7%, and 7%, respectively.

• Return on Investment in 1 Year: Maturity Amount ₹5,33,826.
• Returns in 3 years: Maturity amount ₹6,15,720.
• Returns in 5 years: Maturity amount ₹7,07,389.

ICICI Bank FD Interest Rates

ICICI Bank offers 7.25% interest on FDs of 15 months to 2 years. Interest rates on 1 year, 3 year, and 5 year FDs are 6.70%, 7%, and 7%, respectively.

• Return on Investment in 1 Year: Maturity Amount ₹5,34,351.
• Returns in 3 years: Maturity amount ₹6,15,720.
• Returns in 5 years: Maturity amount ₹7,07,389.

Bank FD is a safe and fixed income source for investors who want to grow their money without any risk. Compare interest rates before investing and choose a bank as per your need. This investment can prove to be more beneficial for senior citizens as they get additional interest.

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Let us tell you that the locker rent depends on its size and branch location (metro, urban, semi-urban, rural). Apart from this, you also have to pay registration charge and 18 percent GST for the locker. The bank gives you free visits within a fixed limit in a year, after the limit you have to pay a separate charge + GST ​​for each visit.

There is a limit on free visits

The registration and free visit limits may vary in different banks. Bank lockers have their own advantages, where you can keep your valuables safe. This is the reason why there is a huge demand for lockers in metro and urban locations. Let us know which bank is charging how much for a locker right now.

State Bank of India

The country’s largest public sector bank – SBI is giving its customers small size lockers at Rs 2000, medium size lockers at Rs 4000, large size lockers at Rs 8000 and extra large size lockers at Rs 12,000 per year on rent in metro and urban locations. Apart from this, the bank is giving small size lockers at Rs 1500, medium size lockers at Rs 3000, large size lockers at Rs 6000 and extra large size lockers at Rs 9000 per year on rent in semi-urban and rural locations.

Punjab National Bank

Public sector Punjab National Bank (PNB) is offering its customers in urban and metro locations small size lockers at an annual rent of Rs 2000, medium size lockers at Rs 3500, large size lockers at Rs 5500, very large size lockers at Rs 8000 and extra large size lockers at Rs 10,000.

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They are known for their service and reach in all states and cities. Here we are comparing the interest rates of three-year FD schemes of both the banks. So that, you can achieve your financial target by choosing the right FD.

SBI and PNB FD Interest Rates (as of 2024)

SBI FD Interest Rates (Interest on FDs of 3 years to 5 years)

For general citizens: 6.75%

For Senior Citizens: 7.25%

PNB FD Interest Rates (for tenures of 2 years to 3 years)

For general citizens: 7%

For Senior Citizens: 7.50%

Super Senior Citizen (above 80 years): 7.80%

Minimum investment amount

The minimum investment amount to open FD in both the banks is Rs 1,000.

Which bank is better in terms of interest, SBI or PNB?

PNB’s FD schemes offer slightly higher interest rates than SBI. PNB’s returns are higher in all categories from general citizens to senior and super senior citizens.

Be sure to keep these things in mind while investing

Some FDs charge a penalty for premature withdrawal. If you are investing in a 3-year FD, then your first priority is to get maximum returns. In such a case, you can choose SBI or PNB FD as per your need.

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Let us tell you that the locker rent depends on its size and branch location (metro, urban, semi-urban, rural). Apart from this, you also have to pay registration charge and 18 percent GST for the locker. The bank gives you free visits within a fixed limit in a year, after the limit you have to pay a separate charge + GST ​​for each visit.

There is a limit on free visits

The registration and free visit limits may vary in different banks. Bank lockers have their own advantages, where you can keep your valuables safe. This is the reason why there is a huge demand for lockers in metro and urban locations. Let us know which bank is charging how much for a locker right now.

State Bank of India

The country’s largest public sector bank – SBI is giving its customers small size lockers at Rs 2000, medium size lockers at Rs 4000, large size lockers at Rs 8000 and extra large size lockers at Rs 12,000 per year on rent in metro and urban locations. Apart from this, the bank is giving small size lockers at Rs 1500, medium size lockers at Rs 3000, large size lockers at Rs 6000 and extra large size lockers at Rs 9000 per year on rent in semi-urban and rural locations.

Punjab National Bank

Public sector Punjab National Bank (PNB) is offering its customers in urban and metro locations small size lockers at an annual rent of Rs 2000, medium size lockers at Rs 3500, large size lockers at Rs 5500, very large size lockers at Rs 8000 and extra large size lockers at Rs 10,000.

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SBI FD Interest Rates

SBI is offering 3.5-7.25 percent interest on FD. Senior citizens are being offered an additional interest of 0.50 percent. You are being given 7.10 percent interest on the bank’s 400-day Amrit Kalash FD. Senior citizens are being given up to 7.60 percent interest. Apart from this, 7.25 percent interest is being given under the 444-day Amrit Varshita Scheme.

2- ICICI Bank FD Interest Rates

ICICI Bank is giving interest ranging from 3% to 7.25% on FDs. Senior citizens are being given interest ranging from 3.5% to 7.8%. The bank is giving the highest interest of 7.25 and 7.8% on FDs with tenures ranging from 15 months to less than 18 months.

3- HDFC Bank FD Interest Rates

4- Canara Bank FD Interest Rates

5- Punjab National Bank FD Rates

Punjab National Bank is giving interest ranging from 3.5% to 7.25% on FD. Senior citizens are getting interest ranging from 4% to 7.75%. The highest interest is being given on FDs of 400 days duration.

The post FD Rates: These 5 big banks are giving high returns, check interest rates immediately first appeared on Rightsofemployees.com.

According to the SBI website, ‘A cash deposit machine, also known as Automated Deposit cum Withdrawal Machine (ADWM), is an ATM-like machine that allows you to deposit cash directly into your account using an ATM cum Debit Card. You can use this machine to deposit money instantly into your account without visiting the branch. The transaction receipt also tells you the updated balance of your account.’

Cash deposit limits vary depending on the bank and whether the Permanent Account Number (PAN) is registered or not. Here is a look at the cash deposit limits of major banks. So let’s know.

Cash deposit limit at SBI ATM The per transaction limit is Rs 49,900/- for cardless deposit and Rs 2.00 lakh through debit card (subject to PAN number being credited in the account). You can also deposit cash in your PPF, RD and loan accounts. Up to 200 currency notes can be deposited in a single transaction. ADWM accepts only denominations of Rs 100, Rs 200, Rs 500 and Rs 2000.

Bank of Baroda cash deposit limit in ATM

Cash deposit with debit card up to Rs.2,00,000/- (2 Lacs) per day where PAN is registered and Rs.49,999/- where PAN is not registered in account. Card less transaction (by feeding account number) up to Rs. 20,000/- per day.

Cash Deposit Limit in Union Bank of India ATMs

According to Union Bank website, ‘The cash recycler machine is capable of accepting and dispensing multiple notes simultaneously. CRMs accept a maximum of 200 currency notes of Rs 50, 100, 500 and 2000 per transaction and the maximum value is Rs 49999. Additional amount up to Rs 100000/- per transaction can be deposited on PAN card verification. CRMs confiscate any counterfeit currency and such notes are not returned to the depositor. Cash deposit and withdrawal is permitted by CRMs to NFS member bank cardholders. Cash withdrawal facility in CRMs is similar to ATMs.

Cash Deposit Limit in PNB ATM

PNB Cash Acceptor cum ATM or Bulk Note Acceptor is a highly efficient multi-function kiosk, the purpose of which is to accept cash for deposit in the account (for PNB only) as well as dispensing cash and performing all other ATM functions. Denominations of ₹ 500, ₹ 200 and ₹ 100 are accepted. The maximum amount per transaction that can be deposited by a customer through this CAA/BNA is Rs 1,00,000/- or a total of 200 notes. The deposit can be Rs 1,00,000/- if the customer has a PAN number registered in the account or Rs 49,900/- if the account does not have a PAN number registered in the account.

HDFC Bank cash deposit limit in ATM

The per transaction limit is Rs. 25,000 for savings account and for Card Based Deposit is Rs. 1 lakh. The per day limit is Rs 2 lakh. Cash deposit machines are configured to accept Rs. 100 (new & old), Rs. 200, Rs. 500 and Rs. 2000. Maximum counts of notes which can be deposited into the CDM per transaction are 200. HDFC Bank cash deposit machines are available only for deposit into HDFC Bank Accounts.

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Punjab National Bank (PNB) has announced changes in the on-credit-related service charge of the savings account. According to the information given by the bank, changes have been made in the minimum balance, demand draft issuance, check (including ECS), return cost and locker rent charges. The new charges will be applicable from October 1, 2024. In such a situation, if you have an account in PNB, then know what charge will have to be paid from next month?

1. Minimum balance requirement QAB (Quarterly Average Balance)

Rural: Rs 500
Semi-urban: Rs 1000
Urban and Metro: Rs 2000

Also Read- FD rate Change: ICICI Bank’s new rates have come into effect from today, 2 September 2024

Minimum Monthly Average Balance (MAB)

Rural: Rs 500
Semi-urban: Rs 1000
Urban and Metro: Rs 2000

Which charges have been changed?

According to the information given by the bank, the charge for maintaining minimum balance in the savings account has been changed. Apart from this, changes have been made in the charges for issuing demand draft, issuing duplicate DD, check return charges and locker rent charges. You can get information about the fee changes from the bank’s website.

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These new rates are applicable from August 1, 2024. These rates of Punjab National Bank are for FDs up to Rs 3 crore.

PNB offers FDs for 7 days to 10 years to general customers. The bank is giving interest between 3.50% to 7.25% on FDs. At the same time, it is offering 4% to 7.75% interest to senior citizens. The bank is giving up to 8.10% interest to super senior citizens (above 80 years of age).

Punjab National Bank FD Rates

Source: PNB website as of August 2, 2024

Table showing PNB FD rates for senior citizens

The post Bank FD Rate Hike: PNB revises its fixed deposit interest rates; check latest rates here first appeared on Rightsofemployees.com.

The Reserve Bank said that PNB also failed to maintain records related to the identity and address of customers obtained during the business relationship in some accounts. However, the central bank said that this fine imposed on PNB is based on deficiencies in regulatory compliance and is not intended to affect the validity of any transaction or agreement entered into by the bank with its customers.

Also Read: Big Relief for LIC Policy Holders! Policy surrender money will be received within 48 hours, know the details

Shimsha Sahakar Bank regular license cancelled

Apart from this, RBI has canceled the license of Karnataka-based Shimsha Sahakara Bank Niyamiti, Maddur due to its deteriorating financial condition. RBI said in a statement that the bank will stop banking operations after the end of working hours on July 5, 2024. The Registrar of Cooperative Societies of Karnataka has also been requested to issue an order to close this cooperative bank and appoint a liquidator for the bank.

Every depositor of Shimsha Sahakar Bank Niyam will be entitled to get a claim amount of up to Rs 5 lakh on his deposits from the Deposit Insurance and Credit Guarantee Corporation (DICGC). Let us tell you that if a bank collapses, becomes bankrupt or its license is canceled, then the depositor’s total deposit of up to Rs 5 lakh in that bank is safe.

Continuation of operations of the bank is detrimental to the interests of depositors

RBI has said that about 99.96 percent of the depositors of Shimsha Sahakar Bank Nigam are entitled to receive the full amount of their deposits from DICGC. The bank does not have adequate capital and earning prospects. Its continuation of operations is detrimental to the interests of its depositors. According to the statement, “Due to its current financial position, the bank will be unable to make full payment to its depositors.”

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According to the notification, “Dear Customers, please be informed that the Lounge Access Program for all variants of RuPay Platinum Debit Card has been revised from July 1, 2024 as follows-

1. One domestic airport/railway lounge access every quarter
2. Two international airport lounge access annually

Updated list of lounges is available at – https://www.rupay.co.in/lounges. Heartfelt thanks, Punjab National Bank.”

Also Read: Karnataka government hikes petrol diesel prices by Rs 3 per Litre. Details Here

What is Airport Lounge Access ?

Airport Lounge Access is a facility provided at the airport where you can go and spend your time. Here you can read free magazines. Apart from food, you can also use free WiFi. On entering the lounge, you get a chance to stretch out and be stress-free at the airport. If you reach the airport very early or there is a lot of time between connecting flights, then entry to the airport lounge is very useful.

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The bank has said in its notification that accounts in which there has been no transaction in the last 3 years. Also, those whose account balance has remained at zero rupees for the last three years. It is going to close them. Notice has been sent to such customers. Those accounts will be closed one month after sending the notice. If you want to keep those accounts active, then you will have to go to the bank branch and get KYC done.

PNB took a big decision to close the account

Many scammers misuse such accounts which are not being used by the customers for a long time. The bank has taken this big step to deal with such cases. According to the notification issued by the bank, the calculation of the account will be done on the basis of 30 April 2024. PNB has said in its notification that all those accounts will be closed after 1 month, which are not active for the last 3 years. That is, they are not operating. Such accounts whose bank account is zero in the last three years and in which no activity i.e. transaction has been done. The bank has sent notice to such customers. Accounts will be closed after 1 month till the date of notice.

Also Read: DA Hike: From July 1, 55% central employees will get dearness allowance? Details Here

These accounts of PNB will not be closed

The bank will not close the Demat Accounts. That is, this rule will not apply to Demat Accounts. In a post shared on social media, the bank said that PNB Bank will not close the accounts opened for schemes like Sukanya Samriddhi Yojana (SSY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY). Also, it will not close the Minor Savings Account.

Bank accounts can be activated by getting KYC done

According to the notification issued by the bank, if the account becomes inactive and the customer wants to activate the account again, then such customers will have to go to the branch and fill the KYC form. Along with the KYC form, the customer will also have to attach the necessary documents. After this, their account will be activated. Customers can go to the bank for more information.

The post Bank Holders Alert: These accounts of Punjab National Bank will be closed by the end of June. Details Here first appeared on Rightsofemployees.com.

PNB has given this information by tweeting. The bank has issued a notification stating that the accounts will be calculated on the basis of April 30, 2024, that is, the calculation of three years will be done till April 30, 2024. PNB has taken this decision to protect the accounts from misuse.

Also Read: New movies and web series are releasing on OTT this week

Account will not be activated without KYC.

These accounts will not be closed

PNB said that accounts linked to Demat Accounts, lockers with active standing instructions, student accounts with customers below 25 years of age, accounts of minors, accounts opened for specific purposes like PMJJBY/PMSBY/SSY/API, DBT and accounts frozen by order of the court, income tax department or any other statutory authority will not be closed under this process.

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In view of the increasing cases of bank fraud, many big banks of the country have warned their customers. State Bank of India (SBI), the country’s largest public sector bank, has warned customers in view of the increasing cases of fraud. SBI has advised customers to be careful in the process of receiving SBI Reward Points through Android Application Package (APK).

SBI gave this advice

In the recent past, many such cases of banking fraud have come to light in which hackers send links to customers asking them to download third party mobile applications. Through this, they commit banking fraud by stealing personal details of customers. While sharing this information on its official Twitter handle, SBI has said that SBI customers should pay attention, beware of fraudsters.

Your safety is our top priority.

Here is an important message for all our esteemed customers!#SBI #TheBankerToEveryIndian #StaySafe #StayVigilant #FraudAlert #ThinkBeforeYouClick pic.twitter.com/CXiMC5uAO8

— State Bank of India (@TheOfficialSBI) May 18, 2024

It has been observed that many fraudsters are luring people to give SBI reward points by sending links of APKs through SMS and Whatsapp. Keep in mind that SBI does not send the link of such APKs to the customers at all. Avoid clicking on such links and protect yourself from banking fraud.

ICICI Bank gave these tips to its customers

Apart from State Bank, ICICI Bank has also advised customers not to download APK files without verification. Along with this, the bank also said that the bank does not ask any customer to download any app for updating KYC.

Beware! Do not install apps (APK files) from unverified sources or received via SMS/WhatsApp. #ICICIBank will never ask you to install any app or share any personal information for KYC. (1/2) pic.twitter.com/lKa6vk9FUA

— ICICI Bank (@ICICIBank) March 1, 2023

Axis Bank gave this advice

Large private sector bank Axis Bank has also cautioned its customers to protect themselves from investment and task based frauds. The bank has advised customers not to share their information or financial details.

Stay vigilant against investment or task-based fraud! Protect your financial and personal information by verifying sources, researching thoroughly, and never sharing sensitive details online. #StaySafe #FraudPrevention pic.twitter.com/87xrfSd2Sy

— Axis Bank (@AxisBank) May 13, 2024

PNB gave this advice

Public sector bank i.e. Punjab National Bank has asked its customers to stay safe from fake web links. The bank has advised its customers not to click on any unverified link.

Don’t get caught in the web of fake links! Stay sharp, stay safe!@Cyberdost

To report Cyber Crime, visit https://t.co/qb66kKVmLw or Dial 1930 for assistance#FoolTheFraudster #Fraud #Awareness #PNB #Digital pic.twitter.com/LOYUBy0nYf

— Punjab National Bank (@pnbindia) May 1, 2024

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All banks in the country offer a certain number of free ATM transactions to their customers every month. If this limit is exceeded within a month, customers will have to pay extra on every ATM transaction, be it financial or non-financial.

As per the latest guidelines of the Reserve Bank of India, banks can charge a maximum of Rs 21 on each withdrawal irrespective of the number of free transactions. Come, let us know which banks give limit for how many transactions in a month and how much charge you will have to pay after that.

How many transactions will be free in a month?

Most banks offer customers 5 free transactions every month. If it is not used, this limit does not carry over to the next month. Come, let us know about the rules of some major banks of the country.

Punjab National Bank ATM

PNB allows 5 free transactions every month at its ATMs in both metro and non-metro areas. After this, customers will have to pay Rs 10 on each transaction. At the same time, at ATMs of other banks, PNB offers three free transactions in metro cities and five free transactions in non-metro cities. After this the bank will charge Rs 21 plus tax for financial transactions. PNB will charge Rs 9 plus taxes for non-financial transactions.

SBI ATM

State Bank of India offers 5 free transactions (including non-financial and financial) at its ATMs for average monthly balance above Rs 25,000. Transactions above this amount are unlimited. There is a charge of Rs 10 along with GST at SBI ATM for financial transactions exceeding the limit. At other bank ATMs, it is Rs 20 plus GST per transaction.

ICICI Bank ATM

ICICI Bank allows its customers 3 free transactions in metro areas and 5 in non-metro areas every month. After that, Rs 8.5 is charged for every non-financial transaction and Rs 21 for every financial transaction at ICICI Bank ATMs.

HDFC Bank ATM

There is a limit of 5 free transactions every month at HDFC Bank ATMs. For non-bank ATMs its limit is 3 transactions in metro areas and 5 transactions in non-metro areas. After exceeding the limit, customers will be charged Rs 21 for each financial transaction and Rs 8.5 for each non-financial transaction.

Gold and silver prices are continuously increasing, metal crosses Rs 73,000 for the first time

The post ATM Cash Withdrawal Charge : SBI, PNB, HDFC and ICICI Bank changed the rules, now customers will have to pay this much charge for withdrawing money from ATM. first appeared on Rightsofemployees.com.

Know how much profit everyone from ordinary people to super senior citizens can earn on an investment of Rs 1 lakh, 2 lakh and 5 lakh. Let us know about it in detail.

If you like safe investment and want bumper returns, then there is a special scheme option for you in Punjab National Bank (PNB). The special thing is that in this scheme you will not have to invest your money for a very long time,

but even in a short time you will get good profits. We are talking about the fixed deposit scheme of PNB, on which PNB has recently increased the interest rates. The new interest rates have come into effect from January 8.

The interest on this FD has been increased by Punjab National Bank by 80bps i.e. 0.80%. With the increased interest rates, now general people, senior citizens and super senior citizens will all get the benefit of increased interest rates on this FD.

In such a situation, now interest up to 7.85% can be charged on this FD. Know how much profit everyone from ordinary people to super senior citizens can earn on investment of Rs 1 lakh, 2 lakh and 5 lakh.

These are the increased interest rates

In this fixed deposit scheme of PNB, common people are getting interest at the rate of 7.05%, which was earlier 6.25%, while senior citizens will get 7.55% interest which was earlier 6.75%. Super senior citizens can avail the best interest on this. Now they will get interest at the rate of 7.85% which was earlier 7.05%.

How much profit on investment of Rs 1 lakh

General people: Interest rate 7.05%, profit Rs 6,362 = amount after maturity Rs 1,06,362
Senior Citizen: Interest rate 7.55%, profit Rs 6,405 = amount after maturity Rs 1,06,405
Super Senior Citizens: Interest rate 7.85%, profit Rs 6,665 = amount after maturity Rs 1,06,665

How much profit on investment of Rs 2 lakh

General people: Interest rate 7.05%, profit Rs 12,723 = amount after maturity Rs 1,12,723

Senior Citizen: Interest rate 7.55%, profit Rs 12,810 = amount after maturity Rs 1,12,810
Super Senior Citizens: Interest rate 7.85%, profit Rs 13,330 = amount after maturity Rs 1,13,330

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Many customers take bank loan. Many banks have revised interest rates in the months of January and February. If you are also planning to take a loan then first see where you are getting a cheap loan. Both private and government banks are included in this list.
Let us check which bank is giving loan at what rate-

Bank of Baroda

Bank of Baroda (BoB) has amended the MCLR of the bank on 12 February 2024. The MCLR rate of the bank for overnight period is 8.05 percent. Apart from this, MCLR for one month is 8.30 percent. The MCLR rate for a period of 3 months is 8.40 percent. MCLR rate for a period of 6 months is 8.60 percent. One year MCLR rate is 8.80 percent.

ICICI Bank

According to the website of ICICI Bank, at present the overnight MCLR rate is 8.40%. The MCLR rate for three months and six months in ICICI Bank is 8.45 percent and 8.60 percent respectively. The one year MCLR rate has been revised to 8.65 percent.

Punjab National Bank

According to the website of PNB, the MCLR rates of the bank for overnight period have increased from 7.90 percent to 7.90 percent. One month MCLR rate has increased from 7.90 percent to 8 percent.

Yes Bank

According to the website of Yes Bank, MCLR rates have increased. The new rates are effective from January 1, 2024. The overnight period rate is 9.2%. MCLR rate for one month is 9.45%. MCLR rate for three months is 10%. The six month rate is 10.25% and the one year rate is 10.50%.

Bank of India

According to the website of Bank of India, the bank has increased the MCLR rates for overnight period and one month period. The bank has increased the rate by 10 bps and it is effective from February 1, 2024. The three month rate is 8.40%. At the same time, the six month rate is 8.60% and the one year rate is 8.80%.

HDFC Bank

HDFC Bank has increased the loan interest rates. The bank has increased the MCLR rates. The new rates of the bank have come into effect from 8th February. The bank has increased the rates of some selected tenure loans by 10 bps. The MCLR of the bank has come between 8.90 percent to 9.35 percent. The bank has increased the overnight MCLR rate by 10 basis points, after which its rate has increased from 8.80 percent to 8.90 percent.

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If you are fed up with the huge fluctuations in the stock market, then you can invest your money in bank FD. Many banks are offering good returns at this time. Some small finance banks are even offering 9 percent and above returns (FD Interest Rate). Small finance banks are offering the highest interest rates among all bank categories.

If we talk about private sector, DCB Bank is offering the highest FD rates. At the same time, among government banks, Punjab and Sindh Bank is giving the highest returns on FD. Senior citizens generally get an additional interest rate of 0.50% or more over the normal FD rates. Let us know about some such banks which are offering very good FD interest rates.

Unity Small Finance Bank

For general customers, this bank is offering interest rates between 4.5% to 9% on FDs maturing in seven days to ten years. Senior citizens are getting interest rates ranging from 4.5% to 9.5% on FDs maturing in seven days to ten years. The new rates are applicable from 9 October 2023. The highest interest rate of 9% is being offered on FDs with a tenure of 1001 days.

The post Highest FD Rates: SBI, PNB, Bank of Baroda and many banks giving highest returns on FD, see the list first appeared on Rightsofemployees.com.

In such a situation, if you are going to buy a car or a house, then you can save a lot on the loan amount. Many banks of the country have come up with festive offers.

If you are buying a car or house on Dhanteras or Diwali, you can save big on the loan amount. Many big banks of the country are offering festive discounts. These include PNB, SBI and Bank of Baroda. Punjab National Bank (PNB) has launched a new offer called ‘Diwali Dhamaka 2023’ aimed at capitalizing on Diwali 2023.

The bank said that under this offer, PNB customers can avail home loan at a low interest rate of 8.4% per annum. Many other banks including Bank of Baroda (BoB) and State Bank of India (SBI) have also launched their 2023 festive offers on various products including home loans.

PNB special offers

Punjab National Bank (PNB) said that PNB customers can avail car loans at interest rates starting from 8.75%. Along with this, processing and documentation fees will be zero. For those who take home loan from PNB, the interest rate starts from 8.4%. The bank will also not charge any processing fee or documentation fee.

What is SBI offering?

State Bank of India (SBI) is also offering special offers in view of Diwali 2023. According to the bank, customers will be given discounts on term loan interest rates based on their credit bureau score. For example, if an SBI customer’s CIBIL score is between 700 to 749, then he can get a term loan at an effective interest rate of 8.7%. Apart from this, additional interest rate rebate of (0.2%) will be given to home loan borrowers having credit score of 700 and above.

BOB what a late discount

Bank of Baroda’s special festive campaign ‘Feeling of Festival with BOB’ will run till December 31, 2023. Under this special campaign, home loan interest rates start from 8.4% and no processing fee will be charged by the bank. Additionally, BoB customers can avail car loans at interest rates starting from 8.7% per annum, the bank said. For both car and education loans, BOB customers will not have to pay any processing fee, the bank said.

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PNB has increased the bank FD rates by half a percent. Those customers who have made FD of less than Rs 2 crore will get the benefit of this. The new rates of bank FD have come into effect from November 1.

How much interest is the common citizen getting?

Punjab National Bank customers are getting interest at the rate of 3.5 percent on FD of 7 to 45 days, 4.5 percent on FD of 46 to 179 days, 5.5 percent on FD of 180 days to 270 days.

Senior and Super Senior Citizens

PNB Senior Citizens are getting 50 basis points more interest. Apart from this, super senior citizens are getting 80 basis points more interest. 

For which period is the highest interest available?

The highest interest is being given by the bank on FD of 444 days. In this, interest of 7.25 percent is being given to ordinary citizens, 7.75 percent to senior investors and 8.05 percent to super-senior investors. Let us tell you, additional interest is being given by the bank to the customers between 60 years to less than 80 years. At the same time, the bank is giving 0.80 percent interest to very senior citizens.

The post PNB Bank FD Rates: Punjab National Bank has changes fixed deposit interest rate, check new rate first appeared on Rightsofemployees.com.

Whenever a bank ignores RBI rules and does its own thing, the central bank can impose a fine on it. In this series, RBI has imposed penalty on Punjab National Bank (PNB), Federal Bank, Mercedes Benz Financial Services India Private Limited and Kosamattam Finance Limited, Kottayam. This action has been taken due to non-compliance of rules.

RBI said on Friday that it has imposed a penalty of Rs 72 lakh on PNB and Rs 30 lakh on Federal Bank. The central bank has imposed a fine of Rs 10 lakh on Mercedes Benz Financial Services India Pvt Ltd (formerly known as Daimler Financial Services India Pvt Ltd) for non-compliance with certain provisions of its Know Your Customer (KYC) Directive, 2016. Fine has also been imposed.

STORY | RBI imposes penalty on PNB, Federal Bank, 2 other entities

READ: https://t.co/hLrloaPJEj

(PTI File Photo) pic.twitter.com/o2sjlzskIR

— Press Trust of India (@PTI_News) November 3, 2023

RBI also said that Kosamattam Finance Limited, Kottayam has been fined for non-compliance with certain provisions of the ‘Non-Banking Financial Companies – Systemically Important Non-Deposit Taking Companies and Deposit Taking Companies (Reserve Bank) Directions, 2016’. A fine of Rs 13.38 lakh has been imposed.

The post RBI’s big action! RBI imposed fine on PNB and Federal Bank, What will be the impact on customers? first appeared on Rightsofemployees.com.

PNB tweeted

Punjab National Bank has written in its official tweet that now you will have savings as well as tax savings. Apart from this, the bank has said that from now on you do not need to go to the branch to deposit money in PPF, you can transfer funds online from home.

Savings bhi, tax mein bachat bhi in PPF account with PNB!

For more info,visit: https://t.co/uDOH5lNR87#Savings #PPF #Funds #Tax #DigitalBanking pic.twitter.com/VRtnQAEuGA

— Punjab National Bank (@pnbindia) August 5, 2023

Invest from Rs 500

You can start investing in Public Provident Fund Scheme with a minimum of Rs 500. You can open it from your nearest post office or bank anywhere. From January 1, 2023, the government is giving the benefit of interest at the rate of 7.1 percent in this scheme and the maturity of the PPF scheme is in 15 years.

You can increase

your investment for 5-5 years. In this scheme, account holders can apply to increase it in a block of 5-5 years. In this, he also gets the option of continuing the contribution or not.

You get the benefit of tax exemption

In PPF scheme, you also get the benefit of tax exemption. In this scheme, you can take advantage of tax exemption under section 80C. The amount earned through interest in this scheme is also tax free. After completion of 5 years in this scheme, you can also apply for a loan.

Visit the official link

For more information about the PPF scheme, you can visit the official link https://www.pnbindia.in/public-provident-fund.html . Here you will get all the information about PPF scheme.

The post PPF Scheme New Update! PNB has brought a special facility for the customers, Know all the details first appeared on Rightsofemployees.com.

The last date for KYC update in PNB is 31 August 2023. In such a situation, the bank is appealing to its customers for KYC update through messages and social media, so that people can get their account KYC updated in time. Bank to ascertain that the customers having account with PNB are genuine and there is no deficiency in its operations.

Even after repeated appeals, if a customer does not update the KYC in time, then the bank may freeze the account without taking KYC update, taking strict action in such a situation. If a customer’s account is frozen, he will have to visit his home branch to get the account reopened.

PNB also issued an alert for KYC

PNB said the bank is encouraging its customers to update Know Your Customer (KYC) information before August 31, 2023, in line with RBI guidelines. For this process, the bank has sent two notices to the registered address of the customers. Also, information has also been sent through SMS. Apart from this, KY is also appealing for updates through the social media handles of the bank.

The fridge will eat up if it is not updated

The bank said that it is mandatory for all customers to update KYC. If your account has become due for KYC update by 31.03.2023, you are requested to do your KYC through PNB One/IBS/Registered E-mail/Post or in person at any branch before 31.08.2023 Go and get it updated. Failure to do so may result in a ban on the operation of your account.

Find out like this update information

Customers can also find out whether their KYC has been done or not. For this, the customer has to call the custom care number of the bank. Customer can call 18001802222 or 18001032222 to know whether the KYC process of your account is complete or not. Both these are troll free numbers. That is, you can get information for free.

These things will be needed for the update

PNB said customers are requested to provide their updated details like identity proof, address proof, recent photograph, PAN, income proof, mobile number (if not available) or any other KYC information through PNB One/. IBS/Registered email/Post or visit in person at any PNB branch for smooth functioning of your bank account.

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As per the bank rules, the interest being given on the savings account is credited to your account at monthly or quarterly intervals. How much interest will be given on savings account depends on the bank. Let us tell you that FD gives the highest interest rate for senior citizens, they do not get the benefit of interest rate of savings account. Here let’s see how much interest SBI, ICICI Bank, HDFC Bank, PNB, Canara Bank are paying on savings account.

SBI Saving Account Interest rates

Interest rate is 2.70 per cent for savings accounts with balance up to Rs 10 crore and 3 per cent for balance above Rs 10 crore.

HDFC Saving Account

The interest rate on savings accounts in HDFC Bank is 3 per cent for balances below Rs 50 lakh and 3.50 per cent for balances above Rs 50 lakh.

ICICI Bank Interest for Saving Account

At the end of the day the interest rate on the balance of less than Rs 50 lakh will be 3 percent. At the end of the day, the balance of more than Rs 50 lakh will have an interest rate of 3.5 percent.

Punjab National Bank

Punjab National Bank gives 2.70 per cent interest rate on the balance of less than Rs 10 lakh. Pays an interest rate of 2.75 per cent on account balances of less than Rs 10 lakh to Rs 100 crore. PNB gives 3% interest on account balance of Rs 100 crore and above.

Canara Bank Saving Account

Canara Bank offers an interest rate between 2.90 per cent to 4 per cent for the amount on the savings account. A maximum amount of 4% is paid on the balance amount of Rs.2000 crores.

How much tax will be charged on the interest amount received from the savings account

Under Section 80TTA of the Income Tax Act, the interest earned on the savings bank account is tax free up to Rs 10,000. If the interest received from these sources exceeds Rs 10,000, then the excess interest on the savings account will be taxable. For senior citizens, the amount received from savings accounts is limited to Rs 50,000, the amount above which will be taxable.

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Now the privatization of many banks is being discussed once again. On this matter, the government has said that even today the banking sector has been recognized as a strategic sector. For some time, there has been continuous news about the privatization of banks, on which now the statement of NITI Aayog has come. On this matter, the commission has issued a list in which it has been told that which banks can be privatized by the government in the coming days. Along with this, it has also been told that privatization of which banks is not being considered at present.

Government will not privatize these banks

Let us tell you that NITI Aayog has released a list of some such banks which the government is not going to privatize. These banks are State Bank of India, Punjab National Bank, Union Bank, Canara Bank, Bank of Baroda and Indian Bank.

Know which banks will be privatized

Let us tell you that apart from the list of banks given above, the government is planning to privatize all the banks. It has also been said in the notice of NITI Aayog that all the banks which were part of the consolidation have been kept out of this list. The Finance Minister had announced that the government is planning to privatize many government banks and insurance companies. In the financial year 2022-23, the government aims to collect a total of Rs 1.75 lakh crore through disinvestment.

Government will soon privatize IDBI Bank

The government’s stake in IDBI Bank is 45.48 per cent. At the same time, LIC has 49.24 percent stake. It is believed that the government will sell some stake in IDBI Bank and LIC will sell some stake, along with the management control will also be handed over to the buyer. The government may soon sell a major stake in the bank. According to media reports, the Department of Investment and Public Asset Management (DIPAM) may soon invite bids to sell the government’s stake in IDBI Bank.

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You will not need to maintain minimum balance after the new rule is made. Different amount of minimum balance is fixed according to different bank and account. The account holder has to pay penalty for not maintaining the minimum balance.

Big statement on minimum balance

Minister of State for Finance Bhagwant Kishanrao Karad had given a big statement in the last days regarding maintaining minimum balance in the account. He appealed to the board of directors of the banks and said that they can take a decision to abolish the penalty on the accounts of those who do not keep the minimum balance. Karad had said that banks are independent bodies. In such a situation, the Board of Directors can waive the penalty for not keeping the minimum amount.

At that time, the media had questioned the Minister of State for Finance regarding maintaining the minimum amount. He was also asked whether the government is considering giving instructions to the banks that no penalty should be imposed on the accounts in which deposits go below the prescribed minimum level.

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But meanwhile, it was said in many media reports that the problem of liquidity of banks will end with the arrival of Rs 2000 notes. This will have a direct impact on the interest the customers get on FDs etc. That is, banks will reduce the interest rate available on FD in future. In the last one year itself, the repo rate has been increased by two and a half percent by the RBI.

After the increase in the repo rate, interest on FDs and other savings schemes was increased by the banks. However, in the last few months, banks have not increased the rate of FD. Not only this, some banks have reduced the interest rate offered on FDs to their customers. Let us know which banks have taken this step?

Punjab National Bank

Punjab National Bank has changed the interest rate on FDs of less than 2 crores. According to the bank’s website, the new rates are effective from June 1, 2023. The bank has reduced the interest rate on one-year deposits from 6.80 percent to 6.75 percent. Recently, the interest of FDs maturing in 666 days has been reduced from 7.25 percent to 7.05 percent. For senior citizens, the one-year FD interest rate was reduced from 7.30 percent to 7.25 percent. Similarly, FDs maturing in 666 days will get 7.55 percent interest instead of 7.75 percent.

Axis Bank

Axis Bank has reduced the interest rate on select FDs by 20 basis points. FD interest rates are effective from May 18, 2023. According to the information given on the bank’s website, the bank is offering 6.80 percent interest instead of 7.10 percent for schemes ranging from 1 year 5 days to less than 13 months. The bank is getting 7.10 percent interest instead of 7.15 percent on FDs ranging from 13 months to 2 years.

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On the other hand, the condition of China’s economy may not be so bad but the condition is not very good either. The world has high hopes from the Indian economy. But if the situation in the world worsens or becomes uncontrollable, then it is bound to affect Indians as well. In such a situation, people who want a safe return on their investment are turning to the bank. Let’s talk about the returns the three big government banks of the country are giving on deposits.

At what time, how much interest is being given in SBI Bank

Let’s talk about SBI Bank first. Interest is being given at different rates on Fixed Deposit ie Fixed Deposit in SBI Bank . Here, common citizens are being given interest at the rate of 3 percent per annum on deposits for 7-45 days, whereas for senior citizens, this interest rate is being given at the rate of 3.50 percent per annum. SBI is giving 4.50 percent rate of interest to common citizens on deposits from 46 days to 179 days. While in the same period, senior citizens are being given interest at the rate of 5 percent.

Here interest is being given at the rate of 5.35 percent to common citizens and 5.88 percent to senior citizens on the amount deposited for 180 – 210 days. On deposits ranging from 211 days to one year, interest is being given at the rate of 5.88 percent per annum to common citizens and 6.40 percent to senior citizens. Apart from this, interest is being given at the rate of 6.98 and 7.50 for common citizens and senior citizens respectively on deposits from one year to two years.

In this sequence, in the interest rate available in SBI, interest is being given at the rate of 7.19 percent and 7.71 percent on FDs of two years to three years. For deposits of three to five years, interest is being given at the rate of 6.66 percent to the common citizen and 7.19 percent to the senior citizen. On deposits from 5 years to 10 years in SBI, the common citizen is being given interest at the rate of 6.66 percent while senior citizens are being given interest at the rate of 7.71 percent per annum.

SBI has also prepared a special deposit scheme of 400 days. This scheme has been named Amrit Kalash. Under this scheme, interest is being given to the common citizen at the rate of 7.29 percent per annum on the deposited amount, while interest is being given to the senior citizens at the rate of 7.82 percent per annum.

Information on interest rates on FD in PNB Bank

Now let’s talk about PNB Bank. PNB Bank is giving interest rate according to the time of deposit to the FD depositors. According to the bank’s site, common citizens will be given interest at the rate of 3.50 percent on deposits of 7-14 days, while senior citizens will be given 4 percent interest and super senior citizens at the rate of 4.30 percent for the same period. PNB Bank offers interest at the same rate on deposits of 15-29 days and deposits of 30-45 days.

At the same time, on deposits of 46-90 days, PNB gives interest at the rate of 4.30 per cent per annum to general depositors, 5.00 per cent to senior citizens and 5.30 per cent to super senior citizens. The same rate of interest is also given on deposits of 91-179 days.
On deposits of 180-270 days, PNB is paying interest at the rate of 5.50 per cent per annum to general depositors, 6.00 per cent to senior citizens and 6.30 per cent to super senior citizens. Also, on depositing for a period of 271 days to less than one year, the bank is giving interest at the rate of 5.80 percent to the common citizen and 6.30 percent to the senior citizens and 6.60 to the super senior citizens.

PNB is paying interest at the rate of 6.80 percent per annum to ordinary citizens for depositing for one year. At the same time, interest is being given to senior citizens at the rate of 7.30 percent. Along with this, super senior citizens are being given interest at the rate of 7.60 percent for this period.

On deposits of one year to 443 days, interest is being given to PNB at the rate of 6.80, 7.30 and 7.60 percent respectively in the above categories. Interest is being given at the rate of 7.25, 7.75 and 8.05 percent respectively on deposits of 444 days. Presently this rate is the highest interest rate offered by PNB at any point of time.

Interest Rate on Fixed Deposit in Bank of Baroda

After the interest rates available in SBI and PNB, now let’s talk about the interest rates available in Bank of Baroda . Bank of Baroda had announced new interest rates on the 12th of this month for those who deposit their money here. According to this announcement, on deposits of 7-14 days, the bank is giving three per cent interest per annum to common citizens and 3.50 per cent per annum to senior citizens. Here interest is being given at this rate on FDs of 15-45 days. 4.50 percent interest is being given to common citizens and 5.00 percent to senior citizens on deposits of 46-90 days. The same interest rate has been kept on deposits of 91-181 days.

On deposits of 181-210 days, Bank of Baroda is paying interest at the rate of 5.25 percent to common citizens while it is paying interest at the rate of 5.75 percent to senior citizens. On the other hand, Bank of Baroda is paying interest at the rate of 5.75 percent on deposits of 211 to 270 days and is paying interest at the rate of 6.25 percent to senior citizens. The bank is also giving the same interest rate on deposits of less than 271 to one year respectively.

Bank of Baroda is giving returns on FDs at an interest rate of 6.75 and 7.25 on a one-year deposit. The bank is giving this interest rate on deposits of 400 days from one year. The bank is also offering the same rate of interest on deposits ranging from 400 days to two years. On deposits ranging from two years to three years, the bank is paying interest at the rate of 7.05 to common citizens and 7.55 to senior citizens. On deposits ranging from three years to five years, the bank is paying interest at the rate of 6.50 per cent to common citizens while it is paying interest at the rate of 7.15 per cent to senior citizens.

Bank of Baroda is paying interest at the rate of 6.50 per annum on deposits for five to 10 years, while giving interest at the rate of 7.50 per annum to senior citizens. Under Baroda Tricolor Plus Deposit Scheme, a special scheme of Bank of Baroda, the bank is paying interest at the rate of 7.25 percent to common citizens and 7.75 percent to senior citizens.

Now you can see which bank is paying how much interest for which period in these three banks. Also, who is paying the highest interest.

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But, now two PNB and Axis Bank have reduced the interest rates (Fixed Deposit Rates) on select tenure FDs instead of increasing them. In such a situation, if you are planning to invest in FD, then it will be necessary to understand the latest interest rates and tenure properly, so that the expectation of higher returns can be fulfilled.

PNB has reduced the interest rate on FD of 666 days

Punjab National Bank ( PNB Latest FD Rates) has reduced the interest rate on FDs with tenure of 666 days for all types of investors including general investors from May 18. The bank has cut interest rates (PNB Reduced FD interest rates) for regular citizens and senior citizens and NRE investors on FDs maturing in 666 days.

The bank has reduced the interest rate for ordinary citizens from 7.25 per cent to 7.05 per cent on FDs of 666 days. On this 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 percent to 7.05 percent.

Axis Bank reduced interest rates on FDs of many tenures

Axis Bank ( Axis Bank FD Interest Rates) has reduced interest rates (FD Interest Rates) by 20 basis points on fixed deposits of many tenures with deposits 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.

1. Axis Bank has reduced the interest rate on fixed deposits maturing in one year to one year and four days by 5 basis points, after which now the interest rate has come down by 0.20 per cent to 6.75 per cent.
2. The bank has reduced 20 basis points on FDs maturing in one year, 5 days to less than 13 months, after which the interest rate has been reduced to 6.80 percent. Earlier 7.10 percent interest rate was being given on this tenure.
3. Axis Bank has reduced 5 basis points on FDs of tenure less than 13 months and two years. Now on this tenure, the bank will give 7.10 percent interest rate to the investors, which was earlier 7.15 percent.
4. Axis Bank has slashed 15 basis points on FDs of tenure less than 2 years to 30 months, after which the interest rate has come down from 7.20 per cent to 7.05 per cent.

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PNB officials have informed that people can get 2000 rupee notes exchanged by visiting any of its branches. For this, they will not need to fill any form. Earlier, an old form in the name of the bank was being circulated online to exchange Rs 2000 notes. In view of this, the bank has issued a clarification.

Meanwhile, in view of the scorching heat, the Finance Ministry has instructed all the banks to make arrangements for drinking water and to stand in the shade for the people coming to exchange 2000 rupee notes.

No Aaadhar Card, No official verified documents (OVD) required, no need to fill any form is the current instruction to all the branches of Punjab National Bank (PNB): Clarify PNB officials to ANI after old forms circulated online seeking additional personal information for… pic.twitter.com/LX3fRdx8DF

— ANI (@ANI) May 23, 2023

At the same time, there is no information of any kind of panic. Finance Ministry and RBI are monitoring the situation. Aftab, the bank manager of a branch of Yes Bank in Mumbai, also says that there is no demonetisation-like situation. Nor is there any panic. People are coming in the normal way and exchanging their notes. There is neither a long line nor any crowd.

SBI has also issued instructions

Earlier on Saturday, the country’s largest bank State Bank of India (SBI) had also made it clear that people would not have to provide any ID proof to exchange Rs 2,000 notes. Nor will they have to submit any kind of document.

According to the instructions of RBI, between 23 May and 30 September, 2000 rupee notes have to be changed across the country, because they are to be taken out of circulation. However, their legal tender status remains intact. At the same time, a person can exchange notes worth a maximum of Rs 20,000 from the bank in a day. While any number of notes can be deposited in his bank account.

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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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You will have to deposit all these denomination notes in banks by 30th September. Along with this, RBI has asked banks to stop giving Rs 2,000 notes with immediate effect, but in the midst of this news, now an update is also coming out regarding Rs 100, 200 and 500 notes. What to do if you have these small denomination notes…

PNB has brought special offer

Let us tell you that from time to time, many fake news have been coming out regarding the notes, but now the country’s government bank PNB has come up with such an offer, in which you can easily change your old and mutilated notes. PNB is giving you brand new notes.

Have to contact in the nearest branch

PNB has written in its official tweet that if you also want to change old or mutilated notes, now you can do this easily. The bank has told that you can contact your nearest branch. Here you can exchange notes and coins.

Reserve Bank issued rules

According to the new rules of the Reserve Bank, if you also have old or mutilated notes, then you do not have to worry at all. Now you can exchange such notes by visiting any branch of the bank. If any bank employee refuses to exchange your note, then you can also file a complaint about this. You have to keep in mind that the worse the condition of the note, the less its value decreases.

Under what circumstances will the notes be exchanged?

According to RBI, any torn note will be accepted only when a part of it is missing, or which consists of more than two pieces and is pasted together, provided that no essential part of it is missing. If some special parts of the currency note, such as the name of the issuing authority, guarantee and promise clause, signature, Ashoka Pillar, picture of Mahatma Gandhi, water mark, etc. are also missing, then your note will not be exchanged. Soiled notes which have become unusable due to circulation in the market for a long time can also be exchanged.

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According to the PNB website, if you do not have sufficient balance in your account and the ATM transaction does not go through, you will be charged Rs 10 + GST ​​for cash withdrawal transactions. PNB told its customer, “Dear Customer, w.e.f. 01.05.2023, a charge of Rs 10 + GST ​​will be levied on domestic ATM cash withdrawal transactions that fail due to insufficient balance.

Revision in Debit Card Charges

As informed by PNB, the bank is revising debit card and prepaid card issuance charges and annual maintenance charges. Apart from this, PoS and e-commerce transactions done through debit cards will be charged. However, this charge will be levied only if the customer’s bank account does not have sufficient funds and the transaction could not be done because of this. That is, when you buy goods from an e-commerce website like Amazon Flipkart and pay with POS and debit card, but for some reason there is not enough balance in your account and the transaction fails, even then the bank is planning to impose penalty.

Below are the guidelines for failed ATM transactions as per PNB’s website.

1. Complaint regarding failed ATM transaction is to be addressed within 7 working days.
2. If the transaction does not happen within 30 days from the date of failure, a compensation of Rs 100 per day will be given by the bank.
3. If there is any problem or complaint, you can contact on customer care number 0120-2490000 or 18001802222, 1800 103 2222.

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Under this, customers have been asked to be careful about fake messages being spread in the name of the bank. The bank said fake messages containing “130th Anniversary Government Financial Subsidy of PNB” are being circulated on digital platforms. The bank has termed this message as fake and has asked customers to beware of such messages.

What did the bank say?

In its official statement, the bank said, “These are fake messages and PNB brand name is being used for fraud. Sometimes financial scams can be carried out by stealing your identity through these fraud messages. Advised the public that there is a need to be careful and vigilant about such fake messages, especially those circulating through social media and other channels like WhatsApp.

Don’t click on the link

The bank further added, “As a precautionary measure, we urge our customers not to disclose any confidential/personal/financial information through phone calls or emails. Do not download, even if they appear legitimate.”

The central bank RBI has issued advisory several times in view of the increasing incidents of online fraud. A top RBI official said that the increasing cases of online fraud in the banking system is a matter of concern. To solve this, there is a dire need to spread awareness among the people.

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Customers will now be able to take advantage of digital services like e-market place, instant QR, PNB Metaverse. The purpose of this new toll free number of the bank is to provide hassle free facility to the customers. The new number has been informed by the bank. This is toll free number. Customers will not be charged for calling on this.

Note down the new number-

A new number has been issued by Punjab National Bank on its foundation day. The bank has launched its new customer care numbers 1800-1800 and 1800-2021. These numbers are easy to remember. These are aimed at making it easier for the PNB customer to contact the customer care team. In addition, the Bank has launched other products such as e-Marketplace and Instant QR on the mobile banking app PNB One, PABL (Pre-Approved Business Loan), Central Bank Digital Currency (CBDC), Digital KCC through Jan Samarth Portal, Tab and Video-KYC. Current account opening through PNB, PNB e-Swar and PNB Metaverse etc.

Customers will get good facility-

On the occasion of Foundation Day Celebrations at PNB Head Office, Atul Kumar Goel, MD & CEO, PNB said, “We are celebrating 128 years of service to the nation. We are completely dedicated to providing a great banking experience to our customers. Our new offerings are important steps in this direction.” Executive Directors Vijay Dubey, Kalyan Kumar, Binod Kumar and M. Paramasivam were present on the occasion of launch of new services of PNB.

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According to the PNB website, if you do not have sufficient balance in your account and the ATM transaction does not go through, you will be charged Rs 10 + GST ​​for cash withdrawal transactions. PNB told its customer, “Dear Customer, w.e.f. 01.05.2023, a charge of Rs 10 + GST ​​will be levied on domestic ATM cash withdrawal transactions that fail due to insufficient balance.

Revision in Debit Card Charges

As informed by PNB, the bank is revising debit card and prepaid card issuance charges and annual maintenance charges. Apart from this, PoS and e-commerce transactions done through debit cards will be charged. However, this charge will be levied only if the customer’s bank account does not have sufficient funds and the transaction could not be done because of this. That is, when you buy goods from an e-commerce website like Amazon Flipkart and pay with POS and debit card, but for some reason there is not enough balance in your account and the transaction fails, even then the bank is planning to impose penalty.

Below are the guidelines for failed ATM transactions as per PNB’s website.

1. Complaint regarding failed ATM transaction is to be addressed within 7 working days.
2. If the transaction does not happen within 30 days from the date of failure, a compensation of Rs 100 per day will be given by the bank.
3. If there is any problem or complaint, you can contact on customer care number 0120-2490000 or 18001802222, 1800 103 2222.

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Under this, there will be no cheque payment without verification. As per the rules, failing which the cheque will be returned. This new rule of cheque payment will be effective from 5th of next month. Earlier, under the positive pay system, the limit was Rs 10 lakh and above.

After this, if the customer issues a cheque of Rs 10 lakh or more through branch or digital channel, then PPS confirmation will be mandatory. Customers will have to provide account number, cheque number, cheque alpha, cheque date, cheque amount and beneficiary name. Let us know what it is and how you can use it.

What is Positive Pay System?

PPS is a mechanism created by the National Payments Corporation of India (NPCI), for which bank customers have to give information about the cheques being issued by them to the bank where they have a savings account. This information has to be shared before the cheque is presented for clearance. Be aware that cheque information can be presented in many ways.

How to avail PPS for PNB Cheque?

Positive Pay system can be used by giving cheque details through Branch Office, Online Banking, Mobile Banking (PNB ONE), or SMS Banking. In this context, PNB said that information has to be given one day before the date of presentation of the cheque.

How PPS will prevent fraud

Under PPS, the issuer of the cheque will have to give the details of the cheque to the bank through SMS, mobile app, net banking or ATM. When the cheque reaches the bank, the information given by the account holder will be verified. If any discrepancy is found during this, the cheque will be rejected. Punjab National Bank has said that the cheque will be returned if there is no PPS confirmation.

How to share cheque details for verification under PPS?

1. Log in to PNB Net Banking.
2. Click on the ‘Positive Pay System’ tab under Value Added Services.
3. Select Account Number from the drop down menu.
4. After this the customer has to submit the six digit cheque number, cheque alpha (3 character), cheque date, cheque amount and beneficiary name.
5. Enter the password for the transaction and click on the submit tab.
6. If details are to be given through SMS, account number, cheque number, cheque alpha, cheque amount, date of cheque have to be given.

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Many banks have increased interest rates

You can open RD through offline, online or mobile banking. State Bank of India, HDFC Bank and ICICI Bank have increased the interest on Recurring Deposit ie RD. Now these banks are offering more interest than before. If you are also thinking of investing on RD, then we tell you how much interest you are getting in which bank.

What is RD Scheme?

RD is a small saving scheme. In this, you can also open an account from post office or banks and you can invest in it only for 5 years. On investing money in this, you are given much better interest from the banks and you are given many facilities on getting RD done by the bank. Let us tell you that all banks pay different interest on RD.

SBI RD interest rate

State Bank of India is giving you interest ranging from 6.80 to 7 percent from 12 months to 120 months. In this you will have to invest 100 rupees every month.

PNB RD interest rate

PNB Bank gives interest ranging from 5.5 to 7.25 percent on RDs of 6 months to 10 months. You can pay RD even on the last day of installment.

HDFC Bank RD Interest

HDFC Bank gives you 4.5 to 7.10 percent interest on RD ranging from 6 months to 120 months, in which you have to invest every day.

ICICI Bank RD Interest Rate

ICICI Bank gives you 4.75 to 7.10 percent interest on RDs ranging from 6 months to 120 months. In which you can invest at least 500 rupees.

Yes Bank RD Interest Rate

Yes Bank gives you 6 to 7.50 percent interest on RD ranging from 6 months to 10 years.

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Tell us about the deposit ratings of SBI, PNB, Canara Bank and Bank of Baroda. There has been an improvement. Rating agency Moody’s has given information about this on Friday.

What is the rating of SBI?

Moody’s Investors Service said in a statement that the long-term ratings of all these public sector banks remain stable. Moody’s has retained SBI’s long-term local and foreign currency bank deposit ratings at Baa3, while the other three PSBs have upgraded their long-term deposit ratings.

What is the rating of Canara and PNB?

It has said that retaining the long term deposit rating of SBI at BAA3 and upgrading the long term deposit rating of Bank of Baroda, Canara Bank and PNB from BAA1 to BAA3 reflects the improvement in India’s macroeconomic outlook. This also reflects the perception of a very high level of government support to banks in times of need.

Improvement in credit position

Moody’s Bank Deposit Rating reflects a bank’s ability to service its foreign and domestic currency deposit obligations on time. Moody’s said that credit conditions in India have gradually improved, with retail loans performing well and the financial health of companies improving. However, small and medium-sized companies continue to pose a risk to the asset quality of banks.

Indian economy will perform better

Moody’s has said that India’s economic growth will be affected by rising rates and global recession but the Indian economy will perform better than other emerging markets. With these factors, the operating environment for banks will remain supportive.

What is the expectation of the rating agency?

The rating agency expects the asset quality of banks to remain good over the next one-and-a-half years, aided by a favorable operating environment and improving balance sheets of companies.

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According to the official website of the bank, the new rates have become effective from January 18, 2023. After the change, the bank is giving 3.25 percent interest to its customers on FDs of 7 days to 45 days. The bank is now offering 4.50 per cent interest on FDs of 46 days to 179 days, 5.50 per cent interest on FDs ranging from 180 days to less than 1 year, 6.75 per cent interest on 1 year FDs.

Senior citizens get 0.50 percent more interest on Canara Bank FDs, general customers get 6.80 percent interest on FDs of 1 year to 2 years, 7.15 percent on 400 days FDs and 7.00 percent on 666 days FDs. Now the bank is giving 6.80 percent interest on FDs ranging from 2 years to 3 years and 6.50 percent on FDs ranging from 3 years to 10 years. At the same time, senior citizens are getting 0.50 percent more interest on Canara Bank FD than general customers.

RBI has increased the repo rate

5 times in the last year Reserve Bank had increased the repo rate 5 times in the last year. With the intention of reducing inflation, the central bank increased the repo rate by another 0.35 percent to 6.25 percent in the bi-monthly monetary policy review on December 7, 2022.

Many banks have increased the rates of fixed deposits.

It is noteworthy that recently SBI, PNB, Kotak Mahindra Bank, HDFC Bank, Suryoday Small Finance Bank, Yes Bank, Jan Small Finance Bank etc. have also increased their FD rates. . This process of increasing FD rates has started after the increase in repo rates by RBI.

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The bank has made a big change for the customers from January 1. Customers keeping Fixed Deposit in PNB will get many other benefits along with higher interest. The bank has given information about this on the official website.

PNB has given information on the official website According to the official website of PNB, the bank has increased the interest rates of FD. From now on, customers will get the benefit of 50 basis points more interest on FD. Along with this, interest rates on savings account have also increased by 25 basis points.

There has also been a change in the rates of FDs.

If we talk about the rates of fixed deposits, interest will be available at the rate of 3.50 per cent on FDs of 7 to 45 days. At the same time, interest will be available at the rate of 4.50 percent on FDs of 46 days to 179 days.

Interest increased on FD of which period?

Apart from this, if we talk about FD of 1 year to 665 days, then it has increased by 45 basis points, after which you will get interest at the rate of 6.75 percent. 7.25 percent interest will be available on FD of 666 days. 6.75 percent interest will be given on FDs of 667 days to 2 years, 6.75 percent interest on FDs of more than 2 years and up to 3 years, 6.50 percent interest on FDs of 3 years to 10 years.

How much interest will be available on savings account?

If you have a savings account of less than Rs 10 lakh, then you will get the benefit of 2.70 per cent interest per annum. On the other hand, if your balance amount is more than Rs 10 lakh and less than Rs 100 crore, then you will get the benefit of interest at the rate of 2.75 percent. At the same time, an account with an amount of more than 100 crores will get interest at the rate of 3 percent.

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But there is another category above senior citizens for banks, which is called super senior citizens. Persons above the age of 60 years are called senior citizens and those above the age of 80 years are known as very senior citizens. These four banks offer high interest rates on Fixed Deposit (FD) to their very senior citizens.

Punjab National Bank

According to the Punjab National Bank (PNB) website, the bank offers an additional interest rate of 80 basis points over and above the applicable interest rate across all categories to very senior citizens above the age of 80 years. PNB’s Super Senior customers get a maximum interest rate of 8.10% for a tenure of 666 days.

This rate has come into effect from 12 December 2022. Explain that the bank has increased the interest rates by 50 basis points for senior citizens in the age group of 60 to 80 years for a period of 5 years on domestic deposits of less than Rs 2 crore. Whereas for citizens above 80 years of age, there has been an increase of 80 basis points.

RBL Bank

RBL bank offers a higher interest rate of 0.75% p.a. for all tenures to citizens aged 80 years and above. The bank currently offers 8.3% interest to very senior citizens. These rates were implemented from 25 November 2022 . On the other hand senior citizens in the age group of 60 to 80 years can avail an additional interest rate of 0.50% per annum over normal.

Indian Bank

Indian Bank offers an interest rate of 0.25% above normal to its very senior citizens. Indian Bank offers an interest rate of 7.15 per cent for a tenure of 555 days, which is .25% higher than normal.

Union Bank of India

Union Bank of India offers its very senior citizens an interest rate of 0.75% per annum above normal for all tenures on FDs. Explain that these interest rates have come into effect from 25 November 2022. The bank offers the highest interest rate of 8.05% to its very senior citizens for a tenure of 800 days and 3 years. At the same time, the bank gives an annual interest rate of 6.80% to senior citizens in the age group of 60 to 80 years.

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If you are thinking of withdrawing before maturity, then you must keep in mind the penalty of the bank on this. Let us know how much will be charged for doing this work in big banks of the country like SBI, PNB, HDFC Bank and ICICI Bank.

State Bank of India (SBI)

According to the SBI website, for term deposits up to Rs 5 lakh, the penalty for premature withdrawal will be 0.50 per cent. At the same time, in FDs with an amount of more than Rs 5 lakh, the penalty for premature withdrawal will be 1 percent. For the period for which the deposit is deposited with the bank, the rate of interest will be 0.0 percent or 1 percent less than the effective rate at the time of deposit. Whichever is less will apply.

Punjab National Bank (PNB)

According to PNB’s website, one percent penalty interest will be charged at the time of premature withdrawal in FD. This will be applicable for all tenures and interest rates.

HDFC Bank

According to the HDFC Bank website, for such premature withdrawals, which include sweep-in and partial withdrawals, the bank will charge a penalty at the rate of one per cent on the applicable rate. However, there will be no penalty for premature withdrawal in FDs for a period of 7 to 14 days.

ICICI Bank

Apart from this, interest will be charged at the rate at which the deposit is deposited with the bank as well as the deducted rate of deposit in ICICI Bank. Whichever is less will apply. A penalty of 0.50 per cent will be charged on maturity of less than one year and amount less than five crore rupees. For a period of one year to five years or more, there will be a penalty of one per cent.

Public sector Bank of Baroda (BOB) has increased interest rates on retail term deposits of various durations by up to 0.65 per cent. The bank said in a statement on Monday that now the customer will get 6.75 per cent interest on deposits with a tenure of 1 year.

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Senior citizens get higher interest in fixed deposits as compared to other investors. Here we have compared the interest rates offered to senior citizens by big banks like State Bank of India (SBI), HDFC Bank, Canara Bank and ICICI Bank and Punjab National Bank (PNB). Let us know in which bank you will get the highest return on deposit.

HDFC Bank

HDFC Bank has increased the interest rate on FDs of less than Rs 2 crore. Now senior citizens will get 3.50% to 7.50% interest on FDs of 7 days to 10 years. At the same time, the bank is offering the highest interest rate of 7.75 per cent to senior citizens. According to the official website of the bank, the new rates are effective from December 14, 2022. Common investors will get up to 7% interest on FDs ranging from 5 years 1 day to 10 years. On the other hand, if you are a senior citizen then you will be given 7.75% return.

State Bank of India (SBI)

The country’s largest public sector bank SBI has increased the interest rates on FDs of less than Rs 2 crore by 65 basis points. The new rates have come into effect from December 23. After the hike, senior citizens will get 3.50% to 7.25% interest for a period of 7 days to 10 years. The bank has increased the interest rate on deposits from 211 days to less than one year from 5.50 percent to 5.75 percent. There itself. Senior citizens will get 6.25 percent interest on this.

• FDs of 1 year to less than 2 years will now fetch 6.75 per cent interest, while senior citizens will get 7.25 per cent interest on it.
• Senior citizens will now get 7.25 per cent interest as against 6.75 per cent on FDs of 2 years to less than 3 years.
• Senior citizens will now get 6.75% interest on FDs for a period ranging from 3 years to less than 5 years.
• Apart from this, up to 7.25 percent interest will be available for a period ranging from 5 years to 10 years.

Punjab National Bank (PNB)

According to the bank’s website, senior citizens will be given 50 basis points more interest on any FD than general depositors. The bank is offering interest rates ranging from 4% to 7.75% for senior citizens on FDs below Rs 2 crore for tenures ranging from 7 days to 10 years.

ICICI Bank

ICICI Bank has increased interest rates by up to 60 basis points on FDs up to Rs 2 crore. The increased FD rates are applicable from December 16, 2022. After the hike, the interest rate offered by the bank ranges from 3.5% to 7.50% for tenures ranging from 7 days to 10 years. If you do FD for a period ranging from 5 years 1 day to 10 years, then you will get 6.90 percent return. At the same time, senior citizens will get 7.50 percent interest on it.

Canara Bank

Public Sector Bank, Canara Bank has increased the interest rates on FDs of less than Rs 2 crore. According to the official website of the bank, the new rates are applicable from December 19, 2022. The bank is offering senior citizens an interest rate of 3.25% to 7.50% on FDs maturing in 7 days to 10 years.

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After the increase in the interest rate, many banks are giving more than 8 percent interest on fixed deposits. At some places, up to 9 percent interest is being given to senior citizens. If you are also planning to invest in FD, then here is information about some such banks, which are offering 8.30% interest on FD.

However, this interest rate is not applicable for all senior citizens. Bank Super Senior Citizens, who are 80 years or more, are being given. Let us know which are these banks, which are giving more interest on FD.

RBL Bank

For senior citizens above 60 years and below 80 years of age, this bank is giving 50 basis points more interest than common citizens on fixed deposits. This bank is giving 75 basis points more interest to senior citizens above 80 years. This means that this bank is giving 8.3 percent interest to the super senior citizens. This interest rate is effective from November 25, 2022.

Union Bank of India

This bank is giving 0.50 percent interest per annum to senior citizens, while super senior citizens are paying 0.75 percent interest every year. According to Union Bank’s website, after the increase on November 25, a maximum interest of 8.05 per cent is being given to super senior citizens on fixed deposits with a tenure ranging from 800 days to 3 years.

PNB

According to the bank’s website, senior citizens are being given 50 basis points more interest than the normal FD rate on FDs of less than 2 crores. While 80bps more interest is being given to super senior citizens. On the tenure of 666 days, 8.10 percent interest is being given to the super senior citizens. This interest rate is effective from 12 December 2022.

Indian Bank

According to the website of Indian Bank, under a special FD, an additional 0.25 percent interest is being given on FD to an elderly person of 80 years or more.

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Apart from this, to attract their senior citizen customers, these banks also give them the benefit of additional interest in FD interest rates. In such a situation, senior citizens get more returns than common customers on getting FDs in banks. Let’s see how much interest the country’s big government and private banks give to their customers on Fixed Deposit.

SBI Bank gives interest up to 7.25 percent

In the country’s largest public sector bank SBI, senior citizens get a maximum interest of up to 7.25 per cent on fixed deposits. Bank’s customers get 7.25% interest on FDs ranging from 1 year to 3 years. Apart from this, 6.75 percent interest is available on FDs of 3 years to 5 years. At the same time, even on FDs of 5 years to 10 years, the customers of the bank get only 7.25 percent interest.

Bank of Baroda gives this much interest on FD

Like State Bank of India, senior citizen customers of Bank of Baroda also get a maximum interest of 7.25% on FDs. The bank offers this interest to customers on special FDs of 399 days. Apart from this, 6.60 percent interest is available on FDs of 1 year to 2 years, 6.75 percent on FDs of 2 years to 5 years and 6.90 percent on FDs of 5 years to 10 years.

PNB gives 8.05 percent interest to senior citizens

Punjab National Bank offers the highest interest of up to 8.05% on FD to its super senior citizens. Bank’s customers get this interest on 666 days special FD. Apart from this, 7.10% interest is available on FDs of 1 year to 599 days, 7.80% on FDs of 600 days, 7.10% on FDs of 601 days to 665 days and 7.30% on FDs of 3 years to 10 years.

Axis Bank gives this much interest to the customers

Private sector bank Axis Bank gives a maximum interest of 7.75% on bank FDs to its senior citizen customers. Axis Bank offers 7.75% interest on FDs ranging from 2 years to 10 years. Apart from this, the customers of the bank get 7.50 percent interest on FDs ranging from 1 year to 2 years.

HDFC Bank gives interest up to 7.75 percent

HDFC Bank gives interest up to a maximum of 7.75% on fixed deposits to its senior citizens. Bank’s customers get 7.75% interest on FDs ranging from 5 years to 10 years. Apart from this, 7.00 percent interest is available on FDs ranging from 1 year to 15 months and 7.50 percent interest is available on FDs ranging from 15 months to 5 years.

ICICI Bank gives this much interest

Private sector bank ICICI gives interest up to a maximum of 7.50% on Fixed Deposit to its customers. Senior citizen customers of the bank get 7.50% interest on FDs ranging from 15 months to 10 years. Apart from this, customers get 7.10 percent interest on FDs ranging from 1 year to 15 months.

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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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SBI, HDFC Bank, PNB, ICICI Bank have released the locker fee. SBI has proposed to increase the fee for extra large size lockers from Rs 9,000 to Rs 12,000. Similarly, other banks have also increased the locker charges. Due to which now customers will have to pay more money for using bank locker.

The bank allows customers to keep valuables such as property documents, jewellery, loan documents, savings bonds, insurance policies and other confidential items in a safe. In return for providing the locker facility, the bank charges the customers an annual rent based on the size of the locker and the location of the bank branch. A copy of the agreement governing the use of the locker is given to the hirer at the time of handing over the locker. As per the rules, the customer has to pay the rent in full before the beginning of the financial year.

SBI locker charges

According to the SBI Bank website, bank locker fees range from Rs 500 to Rs 3,000 depending on the area and the size of the locker. In metro and metropolitan areas, the bank charges Rs 2,000, Rs 4,000, Rs 8,000 and Rs 12,000 for small, medium, large and extra large size lockers. In semi-urban and rural locations, the bank charges Rs 1,500, Rs 3,000, Rs 6,000 and Rs 9,000 for small, medium, large and extra large size lockers.

HDFC bank locker charges

HDFC Bank locker fees can range from Rs 3,000 to Rs 20,000 per annum depending on the size, availability and location of the locker. In metro and urban locations, this is usually an annual fee of Rs 3,000 for small lockers, Rs 5,000 for medium-sized lockers and Rs 10,000 for large lockers.

ICICI Bank Locker Fee

ICICI Bank charges between Rs 1,200 to Rs 5,000 for a small size locker and between Rs 10,000 to Rs 22,000 for an extra large locker. Keep in mind that GST is not included in these charges.

PNB bank locker charge

The annual locker rent in PNB bank varies in rural and semi-urban areas. The bank charges Rs 1250 to Rs 2000 to Rs 10,000 for urban and metro areas.

Axis and Canara Bank Locker Charges

The fee for locker registration in Axis Bank is Rs.1000 + GST. Free locker visits are limited to three per calendar month. Whereas, for Canara Bank customers, the one-time locker registration fee is Rs 400 plus GST.

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Account holders can keep property documents, savings bonds, insurance policies and other things safe in the Bank Locker. However, banks will charge some rent in return, depending on the locker type and area.

When the locker keys are given to the account holders, the rent for the entire financial year is collected at the same time. Along with this, the documents of the locker are also given to the account holder. Here is the information about locker charges of HDFC Bank, SBI, ICICI Bank, PNB, Axis and Canara Bank. Let us know who will charge how much from the people.

SBI Bank Locker Charges

According to the bank’s website, bank locker charges range from Rs 500 to Rs 3000, depending on the locker size and area. In metro and metropolitan areas, this charge is levied for 2000, 4000, 8000 and 12000 rupees, for small, large and extra large locker sizes. For semi-urban and rural areas, this charge will be Rs 1,500, Rs 3,000, 6,000 and Rs 9,000 for small, medium, big and extra large locker sizes.

HDFC Bank Locker Charges

: This bank charges between Rs 3,000 and Rs 20,000 per annum for lockers. For metro and urban cities, Rs 3000 for small locker, Rs 5 thousand for medium size locker, Rs 10 thousand for large size locker and Rs 20 thousand for extra large size locker will have to be paid annually.

ICICI Bank Locker Charges

This bank charges an annual charge of Rs 1200 to Rs 5000 for small size lockers, while it charges Rs 10,000 to Rs 22,000 for extra large lockers. GST is not included in this.

PNB Bank Locker

This bank charges from 1250 to 10 thousand rupees for rural areas, whereas for urban and metro cities this charge will be from 2 thousand rupees to 10 thousand rupees.

Axis Bank Locker

This bank charges from 1500 to 10 thousand for rural area, from 1700 to 11000 for semi urban and from 3104 to 14256 rupees for urban or metro city. The registration fee for the locker is Rs 1000 plus GST Rs 100.

Canara Bank Locker Charges

The one time registration charge in this bank is Rs.400 plus GST. After this, a charge of 1 thousand to 10 thousand is taken from the customers for the locker – for small, medium, large and very large locker.

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Meet your immediate cash needs with a few clicks and a completely paperless process, the bank said in a tweet. Get e-Overdraft on Fixed Deposit (FD) through PNB One.PNB customers can avail this service with just a few clicks and an OTP. Along with this, they will also get concession in the interest rate. On applying from PNB One, a concession of 0.25% will be given on the interest rate.

Overdraft is a type of loan. Customers can withdraw more than the current balance from their bank account. This extra money has to be repaid within a fixed tenure and interest is also charged on it. In this, the customer has to pay relatively less interest. The second advantage is that interest has to be paid only for the time for which the money is taken in overdraft.

Punjab National Bank says that the customer does not need to visit the bank branch to avail the overdraft facility on FD. Customers can avail this facility by applying online through Bank PNB One App.

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Public sector giant Punjab National Bank (PNB) has launched a special FD scheme for a tenure of 600 days. This scheme is valid on FDs up to Rs 2 crore. Under this, interest rates up to 7.85 percent are being offered to senior citizens and super senior citizens.

Giving information about this, Atul Kumar Goel, MD & CEO, Punjab National Bank said, “Our aim is to offer best in class offers to our customers. With such high FD rates, the bank is giving a good option to the customers. So that customers can earn the most on their savings.

This is the special FD scheme of PNB Special FD scheme of PNB for people of 60 years and above (Senior Citizen) and 80 years and above (Super Senior Citizen) on FD up to Rs 2 crore Interest is being offered on the rates. This plan with FD of 600 days comes with both callable and non-callable options. Existing customers of the bank can avail this scheme through PNB ONE App and internet banking.

Under the scheme, the interest

rate of PNB’s special FD has been implemented from October 11. Under this scheme, PNB is offering 7.50 percent interest to senior citizens and 7.80 percent to super senior citizens in the callable option. In the non-callable option, the general public will get interest at the rate of 7.05 percent. On the other hand, senior citizens will get 7.55 percent and super senior citizens will get 7.85 percent interest. The highest interest is getting on special FDs at the rate of 7.85 percent.

These are the normal FD interest rates.

PNB offers FD plans with tenures ranging from 7 days to 10 years. Under this, interest from 3.50 percent to 7.50 percent is given. The interest rates on FDs are different for general citizens, senior citizens and super senior citizens.

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The money will be credited to the farmers’ account.

Punjab National Bank is giving the facility of PNB Kisan Tatkal Loan Scheme to the customers, under which this money will be credited to the farmers’ account. PNB has given information about this facility by tweeting. Let us tell you what is special-

PNB tweeted
PNB has written in its official tweet that to meet the needs of every farmer, PNB has brought Kisan Tatkal Loan Scheme.

हर किसान की जरूरतें पूरी करने के लिए पीएनबी लाया हैं किसान तत्काल ऋण योजना।#kisan #kisantatkal #AzadiKaAmritMoahotsav #AmritMahotsav @AmritMahotsav pic.twitter.com/FWM1X5XUQP

— Punjab National Bank (@pnbindia) September 18, 2022

With a maximum loan of Rs 50,000, 25% of the existing limit
without guarantee of loan security,
minimum documents required

You can take loan for any work,
Punjab National Bank has told that under this scheme, you need money for farming or domestic needs, you can take advantage of this scheme to meet any kind of needs. can. Kisan Tatkal Loan Scheme is ready for every help.

Which people will get benefit?
To take advantage of the PNB Tatkal loan scheme, you must be a farmer working in agriculture or a tenant of agricultural land. In this way it is mandatory for the borrower to be an agriculturist. According to the bank, only farmers or farmer groups, who already have Kisan Credit Card (KCC), will be provided the benefit of this scheme. For this, it is necessary for them to have correct bank records of the last two years.

According to the notification of no service charge
back, farmers will be given loans up to 25 percent of their existing loan limit under the Kisan Tatkal Loan Scheme, with a maximum limit of Rs 50,000. To take this loan, the farmers will not need to pledge anything nor will they have to pay any service charge.

Loans can be repaid in 5 years
Under this scheme, farmers will be given a maximum time of 5 years to repay the loan amount. In this loan installments have also been kept easy so that farmers do not face any problem in repaying it.

How can you take loan online and offline
, farmers can apply by visiting the branch of PNB to take loan. Here you can apply for a loan by asking for the form. At the same time, to apply online, you have to go to the official website of the bank.

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In fact, according to the information available on PNB’s website, the bank has increased the interest rates by 0.30 percent on FDs up to Rs 2 crore. The new interest rates have come into effect from September 13, 2022.

Raised the interest rate from 6.15% to 6.45%

PNB has increased the interest rate on FDs of 5 to 10 years for senior citizens from 6.15% to 0.30 percent to 6.45%. According to the bank’s website, senior citizens will get an additional 0.50 percent interest on the maturity of any domestic deposit FD of less than Rs 2 crore at the applicable rates.

interest rates for senior citizens

According to the information available on the bank’s website, for senior citizens of 60 years and up to 80 years, on deposits of less than Rs 2 crore, 0.50 per cent more than the rates applicable for a period of up to 5 years and for a period of more than 5 years. Interest rates will be 0.80 percent higher than the rates.

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Many types of facilities are provided to the customers by Punjab National Bank. To increase the income of the farmers, many schemes are being run by the government and the bank, in which financial assistance is also being given to the farmers.

No matter the season, sustenance is well within reason with PNB Swarnim – Agricultural Gold Loan Scheme. Contact your nearest branch for more info. #GoldLoanScheme #PNBswarnim#AmritMahotsav pic.twitter.com/Aq9AYSWZHq

— Punjab National Bank (@pnbindia) September 7, 2022

PNB tweeted that Punjab National Bank in its official tweet has written that whatever the season, with PNB Swarnim – Agriculture Gold Loan Scheme, you can meet your needs well. For more information about this, you can contact the nearest branch of your home.

Apart from this, PNB has written that now farmers do not have to worry about meeting their farming related needs. You can take Agriculture Gold Loan Scheme for resources and money related to farming.

Let us tell you about the specialty of this loan –

you will get a loan against gold jewellery.
The process of taking a loan is quite easy.
A loan of Rs 2 lakh
will be less paperwork
You can take a loan up to a maximum of Rs 10 lakh.

Check Official Link

To take advantage of this scheme, you can visit Punjab National Bank’s website pnbindia.in. Here you will get complete information about the loan.

Let us tell you that to increase the income of the farmers, 3 installments
of Rs 2000-2000 are being transferred in the account of farmers by the government. The government had started PM Kisan Yojana to increase the income of farmers.

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The bank is offering an interest rate of 6.60% on its 405 day fixed deposit scheme. At the same time, PNB Special FD Rates is offering an interest rate of 6.10% to ordinary citizens for this period. Let us tell you that the bank has recently announced an increase in the interest rates of its FD twice. Banks have implemented new FD rates on 19 August 2022.

The bank increased the FD rates by 5 to 20 basis points The bank has increased the interest rate twice within only 1 week. On August 19, the bank said that the FD interest rates have been increased by a total of 5 to 15 basis points. Along with this, the bank has announced a special FD of 405 days.

In this FD, senior citizens will get 6.60% rate of interest on FD (PNB Fixed Deposit Rates). On the other hand, normal people will get 6.10% rate of interest on FD of 405 days. Giving information about the FD of this particular period, the bank has given information by tweeting from its official Twitter handle.

Check here the bank’s latest rate of interest

If you are planning to do FD in PNB (PNB FD Rates), then we tell you about its latest interest rate. The bank is offering 3% interest on FDs of 7 to 14 days on deposits of less than Rs 2 crore. Bank 3% on FDs of 15 to 29 days, 3% on FDs of 30 to 45 days, 3.25% on FDs of 46 to 90 days, 4.00% on FDs of 91 to 179 days, 4.50% on FDs of 180 to 270 days , is offering 4.50% interest rate on 271 days to 1 year FDs, 5.50% on 1 year FDs, 5.50% interest rates on 1 to 404 days FDs.

At the same time, the bank is offering 6.10% interest rate on 405 days FD. Whereas, on FDs of 406 days to 2 years, 5.50% on FDs up to 2 years, 5.60% on FDs from 2 to 3 years, 5.75% on FDs from 3 to 5 years, 5.65% on FDs from 5 to 10 years and 1111 days. Is offering 5.75% interest rate on FDs.

Senior citizens get extra benefits

PNB is offering 0.50% higher interest rate to senior citizens than normal citizens. This rate is applicable on FDs of every tenor. Along with this, the bank offers 1% higher interest rate to its employees and retired employees. Along with this, bank PNB Uttam FD Rates (PNB Uttam FD Rates) On FDs of less than Rs 2 crore, the bank is offering an interest rate of 4.05% to 6.15% on FDs ranging from 91 days to 1111 days.

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The bank had asked its customers to complete KYC by tweeting in this regard a few days ago. For the past several months, the bank has been asking its customers to update KYC.

Can’t withdraw money from account

The bank tweeted and wrote that as per the guidelines of the Reserve Bank, it is necessary for all customers to update KYC. To complete this work, the bank has fixed 31 August 2022 as the last date. According to the bank, if your account has not been updated KYC by 31 March 2022, then complete it by 31 August 2022. To update KYC, contact your parent branch. If you have not updated the KYC, then you will not be able to transfer money from your account.

KYC form to be filled

Actually, under KYC, the bank asks for the details of its customers. Every six months or a year, the bank asks its customers to fill the KYC form. In the KYC form, customers have to fill their name, bank account number, PAN card number, Aadhar card number, mobile number and complete address.

You can update your KYC by visiting the bank branch. You will get the KYC form in the bank, fill it and submit it by attaching the necessary documents along with it. Your KYC gets updated within three days of submitting the form.

You can update KYC even sitting at home

If you want to update KYC sitting at home, then for this you will have to e-mail your documents to the bank. Take special care that the documents should be sent from the registered mail id only. If your KYC document is not complete then you send it online. For KYC, customers will have to scan and send their address proof along with driving license, Aadhar card, NREGA card, PAN card.

a lot of information has to be provided

According to the guidelines of the Reserve Bank regarding KYC, customers need to update many information. Under this, address verification in the form of PAN, recent photo, Aadhaar or passport and other information sought by the bank has to be provided. These procedures are necessary for compliance with KYC related provisions.

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You will get loan from mobile number!

Actually, Punjab National Bank (PNB) is giving benefits of up to Rs 8 lakh to its customers through Insta Loan. If you also want to take a personal loan under this facility, then all you have to do is enter your mobile number and Aadhaar number. After this you will get this loan easily. The bank has also explained its process by tweeting.

PNB tweeted the information

Punjab National Bank tweeted, ‘Now taking loan from the bank is as easy as ordering food. If you are looking for a personal loan with low interest rates, you can apply for Insta Loan from Punjab National Bank. For more information, you can visit the website by clicking on the link tinyurl.com/t3u6dcnd.

Who can take advantage of this

To take advantage of PNB, the customer should be a Central Government, State Government or PSU employee.

• This loan is disbursed within minutes.
• The facility of this loan is available 24*7.
• Under this, customers get a loan of up to Rs 8 lakh
  processing fee is zero in this.

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These are said to have high returns, but they carry high risk. In such a situation, instead of investing in them, now they are preferring to invest in bank FDs. Recently RBI has decided to increase the repo rate. Since then, all government and private sector banks are continuously increasing the interest rate on their savings accounts and fixed deposit accounts.

Many big banks of the country like State Bank of India, Punjab National Bank, HDFC Bank, ICICI Bank etc. have decided to increase their FD interest rates. have taken. So let us tell you about the interest rates from Rs 2 crore to the customers by PNB, SBI, HDFC Bank-

PNB FD interest rate 

7 days to 14 days – 3.00 percent
from 15 days to 29 days – 3.00 percent
from 30 days to 45 days – 3.00 percent
from 46 days to 90 days – 3.25 percent
from 91 days to 179 days – 4.00 percent
from 180 days to 270 days Till – 4.50 per cent
271 days to less than
1 year –4.50 per cent 1 year-5.30 per cent
1 to 2 years-5.30 per cent
2 to 3 years-5.50 per cent
3 to 5 years-5.50 per cent
5 to 10 years-5.60 per cent

SBI FD interest rate

7 days to 45 days – 2.90 per cent  
from 46 days to 179 days – 3.90 per cent
from 180 days to 210 days – 4.40 per cent
from 211 days to 1 year – 4.60 per cent
from 1 year to less than 2 years – 5.30 per cent
from 2 years to 3 Less than years – 5.35 per cent
3 years to less than 5 years – 5.45 per cent
5 years to 10 years – 5.50 per cent

HDFC Bank FD interest rate

7 days to 14 days – 2.75 per cent
from 15 days to 29 days – 2.75 per cent
from 30 days to 45 days – 3.25 per cent
from 46 days to 60 days – 3.25 per cent
from 61 days to 90 days – 3.25 per cent
from 91 days to 6 months Till – 3.75 per cent
6 months 1 day to 9 months – 4.65 per cent
9 months 1 day to 9 months – 4.65 per cent
1 year to 5.35 per cent
1 year 1 day to 2 years – 5.35 per cent
2 years 1 day to 3 years – 5.50 per cent
3 years 1 day to 5 years – 5.70 per cent
5 years 1 day to 10 years – 5.75 per cent

The post Fixed Deposit Rates: FD rates have increased, know how much interest is available in SBI, PNB and HDFC Bank first appeared on Rightsofemployees.com.

Know the new rates

According to the news, the bank (ICICI Bank EBLR rate hike) said that I-EBLR is 9.10 percent annually and payable every month. It has become effective from August 5, 2022. Public sector Punjab National Bank also informed that after raising the repo rate by the RBI, the Repo Related Lending Rate (RLLR) has also been increased from 7.40 per cent to 7.90 per cent with effect from August 8, 2022. Will be. This month, ICICI Bank raised the marginal cost of funds-based lending rate (MCLR) by 0.15% for all tenors.

Repo rate hiked due to high inflation

Reserve Bank of India Governor Shaktikanta Das said on Friday on the sidelines of the announcement of the Monetary Policy Review (MPC) that inflation is hovering around 7%, which is unacceptably high. Keeping this in mind, RBI has aggressively hiked the rates by 0.50%. Economists and analysts expect that the Monetary Policy Committee (MPC) of the Reserve Bank will continue to hike rates till the time the policy rate remains unchanged in the current financial year. The ‘neutral rate’ of 6-6.5 per cent is not reached by the end of 2015.

Other banks can also increase their rates soon

After ICICI Bank and Punjab National Bank, other banks can also revise their rates soon. It is believed that in the coming days, customers will have to be prepared for expensive EMIs and expensive loans. Experts believe that inflation may remain above the set target till the beginning of the financial year 2023-24. Therefore, a further increase of 0.75 percent can be seen by March.

The post ICICI Bank-PNB increased interest rates, know the new rate, taking loans has become more expensive than before first appeared on Rightsofemployees.com.

If your account is in Punjab National Bank (PNB), this is important news for you. Public sector lender Punjab National Bank has increased service charges for National Electronic Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS) transactions. The bank announced on May 20, 2022 that it has increased the listed service charges on RTGS, NEFT, and NACH EMandate transactions. Along with this, PNB has also revised the National Automated Clearing House (NACH) e-mandate charges. Let’s know how many rupees PNB has increased the fees.

Changes in RTGS Rules

According to PNB, Rs 24.50 will be levied as RTGS charges for offline transactions. At the same time, 24 rupees will be charged for online transactions. Earlier, Rs 20 was charged as RTGS for offline transactions at the branch level. Earlier, the RTGS fee on Rs 5 lakh and above was Rs 40, which has been increased to Rs 49.50. At the same time, its online charge is 49 rupees.

Changes in NEFT Charges There has been a change in the National Electronic Fund Transfer (NEFT) charges. According to PNB’s website, ‘Savings account customers will not be charged for NEFT fund transfers initiated online. NEFT charges will be levied on transactions other than PNB transactions.

PNB NEFT Charges

Earlier there was a charge of Rs.2.00 at the bank branch on NEFT transactions up to Rs.10,000/- and no charges for online transactions. But now the branch charges Rs 2.25 and for online transactions it has been reduced to Rs 1.75.

— Earlier, service charges on transactions between Rs.10,000/- to Rs.1 lakh were Rs.4.00 in-branch and nil online, but now they have been increased to Rs.4.75 in-branch and Rs.4.25 for online transactions.

— Earlier, service charges for transactions between Rs 1 lakh to Rs 2 lakh were Rs 14.00 in-branch and nil online, but now they will be Rs 14.75 in-branch and Rs 14.25 for online transactions.

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