This Government Bank is Offering 8.05% Interest on FD for Senior Citizens- Check Here.

Punjab National Bank (PNB) offers Fixed Deposits with interest rates ranging from 3.50% p.a. to 7.25% p.a. For deposits of less than Rs.2 crore, the highest PNB FD interest rate is 7.25% p.a. For deposits of less than Rs.2 crore, senior citizens receive an additional 50 basis points over the current interest rate. The duration of the FD schemes ranges from 7 days to 10 years.

PNB offers competitive Fixed Deposit interest rates as well as a variety of other benefits such as flexible tenure options, nomination facility, loan/overdraft option, and so on. PNB fixed deposits offer competitive interest rates that vary with time and market conditions.

PNB increased the interest rate on deposits maturing in 666 days by 95 basis points, from 6.30% to 7.25%. (bps). The bank will now offer an interest rate of 6.50% on deposits maturing between three and ten years, a 40 basis point increase from the previous rate of 6.10%.

According to the bank's website, senior citizens will receive an additional 50 basis points over standard card rates for any domestic deposit maturity of less than Rs 2 crore. Senior citizen banks offer interest rates ranging from 4% to 7.75% for terms ranging from 7 days to ten years.

PNB increased the interest rate on deposits maturing in 666 days by 95 basis points, from 6.80% to 7.75%. (bps). The bank will now offer a 7% interest rate on deposits maturing in three to five years, a 40 basis point increase from the previous rate of 6.60%. The bank will now pay 7.30% interest on deposits maturing in five to ten years, up from 6.90% previously.

Period	General	Public	Senior	Citizens	Super Senior citizen
	Existing	Revised	Existing	Revised	Existing	Revised
7 to 14 days	3.5	3.5	4	4	4.3	4.3
15 to 29 days	3.5	3.5	4	4	4.3	4.3
30 to 45 days	3.5	3.5	4	4	4.3	4.3
46 to 90 days	4.5	4.5	5	5	5.3	5.3
91 to 179 days	4.5	4.5	5	5	5.3	5.3
180 to 270 days	5.5	5.5	6	6	6.3	6.3
271 days to 1 year	5.5	5.5	6	6	6.3	6.3
1 year	6.3	6.75	6.8	7.25	7.1	7.55
1 year to 665 days	6.3	6.75	6.8	7.25	7.1	7.55
666 days	7.25	7.25	7.75	7.75	8.05	8.05
667 days to 2 years	6.3	6.75	6.8	7.25	7.1	7.55
2 to 3 years	6.25	6.75	6.75	7.25	7.05	7.55
3 to 5 years	6.5	6.5	7	7	7.3	7.3
5 to 10 years	6.5	6.5	7.3	7.3	7.3	7.3

The bank offers super senior citizens interest rates ranging from 4.30% to 8.05% for terms ranging from 7 days to ten years. PNB increased the interest rate on deposits maturing in 666 days by 95 basis points, from 7.10% to 8.05%. (bps). The bank will now offer an interest rate of 7.30% on deposits maturing between three and ten years, a 40 basis point increase from the previous rate of 6.90%.

On deposits of less than Rs. 2 crore, senior citizens aged 60 to 80 years will receive an additional rate of interest of 50 basis points over applicable card rates for up to 5 years and 80 basis points for more than 5 years. Furthermore, for all maturity buckets, Super Senior Citizens over the age of 80 will receive an interest rate that is 80 basis points higher than the applicable card rate.