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PNB Revises Fixed Deposit Rate: Check New Rates Here


Following other banks in the country, Punjab National Bank (PNB) has revised interest rates on fixed deposits. For 7 days to 10 year deposits, PNB is offering interest rate in the range of 3% and 5.25%. The revised interest rates will apply to fresh deposits and renewal of existing deposits with effect from 01.05.2021.

PNB Revises Fixed Deposit Rate: Check New Rates Here

Here are the latest PNB FD rates:

FD tenureInterest rate per annum (for below Rs. 2 crores deposit)
7-45 days3%
46-90 days3.25%
91-179 days4%
180-270 days4.4%
271 days to less than 1 year4.5%
1 year5.1%
Above 1 year and up to 2 years5.1%
Above 2 year and up to 3 years5.1%
Above 3 years and up to 5 years5.25%
Above 5 years and up to 10 years5.25%

Senior citizens will be eligible for an additional 0.5% interest rate over and above what is given out to general PNB customers. So, for senior citizens, on a FD maturing between 7 days to 10 years, interest ranges between 3.5-5.75% per annum.

Other banks that have revised FD rate this month are Axis Bank, IDFC First Bank, Kotak Mahindra and Yes Bank

Story first published: Thursday, May 13, 2021, 14:24 [IST]
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