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PNB Revises Interest Rates On Saving Deposit Account: Latest Rates Here

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Punjab National Bank (PNB) an Indian nationalized bank has revised interest rates on its Domestic & NRI Saving Account which are in force from 01 September 2021. The bank offers its customers a plethora of savings account options such as PNB Unnati Saving Fund Account, PNB Saving Account Product For Premium Customers, PNB SF Prudent Sweep Deposit Scheme For Individuals, PNB SF Prudent Sweep For The Accounts Of Institutions, PNB Junior SF Account, Basic Saving Bank Deposit Account (BSBDA), PNB Rakshak Scheme, Scheme For Providing Overdraft Facility To Pensioners, PNB Power Savings, PNB Samman Saving Accounts, PNB MySALARY Account, Premium Saving Account PNB Best Customer, PNB Pratham Saving Account, and PNB "SELECT" Saving Account. Following are the most recent interest rates applicable on savings accounts as well as fixed deposits of PNB.

PNB Domestic & NRI Saving Account Interest Rates

PNB Domestic & NRI Saving Account Interest Rates

With effect from 01 September 2021, the bank has revised interest rates on Domestic & NRI Saving Account. After the latest revision, the bank is offering an interest rate of 2.90% which is applicable to all the (existing as well as new) Savings Fund Accounts. As a result, the bank has reduced the rate of interest on savings account deposits by 10 basis points (bps). The new interest rate for Savings Fund Account Balance below Rs. 100 Crore will be 2.9 per cent. The same 2.9 percent interest rate which was earlier 3% would apply to Savings Fund Account Balance of Rs. 100 Crore or above.

Domestic & NRI Saving Account Interest Rates : (W.E.F. 1st September 2021)Rate Of Interest
Savings Fund Account Balance below Rs. 100 Crore 2.90%
Savings Fund Account Balance of Rs. 100 Crore & above 2.90%
Applicable to all the (existing as well as new) Savings Fund Accounts
For Bulk deposit please contact your nearest branch
Source: Bank Website, (W.E.F. 1st September 2021)

PNB Fixed Deposit Interest Rates
 

PNB Fixed Deposit Interest Rates

PNB has also revised interest rates on its fixed deposit in the previous month with effect from 01.08.2021. After the latest revision, the general public will now get an interest rate ranging from 2.90% to 5.25% on their deposit of less than Rs 2 Cr. Whereas senior citizens will get an interest rate of 3.40% to 5.75% on their deposits of less than Rs 2 Cr maturing in 7 days to 10 years.

PeriodROI (% p.a.) For Regular CustomersFor Senior Citizen ROI (% p.a.)
7 to 14 days 2.9 3.4
15 to 29days 2.9 3.4
30 to 45 days 2.9 3.4
46 to 90 days 3.25 3.75
91 to 179 days 3.8 4.3
180 days to 270 Days 4.4 4.9
271 days to less than 1 year 4.4 4.9
1 year 5 5.5
above 1 year & upto 2 years 5 5.5
above 2 years & upto 3 years 5.1 5.6
above 3 years & upto 5 years 5.25 5.75
above 5 years & upto 10 years 5.25 5.75
Source: Bank Website, Rate Of Interest On Single Domestic / NRO / NRE Term Deposits (TD) Up To Rs. 2 Cr
W.E.F. 01.08.2021

PNB Savings Account Cash Withdrawal Limit

PNB Savings Account Cash Withdrawal Limit

For savings account customers, PNB provides three types of debit cards which are dubbed Platinum, Classic and Gold. Following are the cash withdrawal limit on PNB Savings Account according to the website of the bank.

Platinum
CASH WITHDRAW LIMIT PER DAY 50000
CASH WITHDRAW LIMIT ONE TIME 20000
ECOM/POS CONSOLIDATED LIMIT 125000
Classic
CASH WITHDRAW LIMIT PER DAY 25000
CASH WITHDRAW LIMIT ONE TIME 20000
ECOM/POS CONSOLIDATED LIMIT 60000
Gold
CASH WITHDRAW LIMIT PER DAY 50000
CASH WITHDRAW LIMIT ONE TIME 20000
ECOM/POS CONSOLIDATED LIMIT 125000
Source: Bank Website

 

Story first published: Wednesday, September 1, 2021, 9:45 [IST]
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