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.
Here are the latest PNB FD rates:
|FD tenure||Interest rate per annum (for below Rs. 2 crores deposit)|
|271 days to less than 1 year||4.5%|
|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