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 tenure	Interest rate per annum (for below Rs. 2 crores deposit)
7-45 days	3%
46-90 days	3.25%
91-179 days	4%
180-270 days	4.4%
271 days to less than 1 year	4.5%
1 year	5.1%
Above 1 year and up to 2 years	5.1%
Above 2 year and up to 3 years	5.1%
Above 3 years and up to 5 years	5.25%
Above 5 years and up to 10 years	5.25%

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

GoodReturns.in