PNB FD interest rates: PNB hikes FD interest rates: These seniors can earn 8.05% | Popgen Tech

Punjab National Bank (PNB) has increased interest rates of fixed deposits (FD) for amounts less than Rs 2 crore. The new interest rates are effective from December 19, 2022, according to the PNB website

Previously, PNB had increased FD interest rates on 26 October 2022

Fixed interest rates of PNB deposit

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

Source: The Bank’s website

Fixed interest rates on senior citizens’ PNB deposit

Senior citizens will receive an additional 50 basis points over normal card rates for any domestic deposit maturity of less than Rs 2 crore, according to the bank’s website. For the Senior the bank offers interest between 4% to 7.75% for a term ranging from 7 days to ten years.

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

Super senior PNB fixed deposit interest rates

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

According to the PNB website, “Senior citizens aged 60 years and up to 80 years shall get an additional interest rate of 50 bps on the card rates applicable for a period of up to 5 years and 80 bps for a period of more than 5 years on domestic deposits. of less than Rs. 2 Crore. In addition, Super Seniors aged above 80 years shall get an additional interest rate of 80bps over the applicable card rate in all maturity buckets.