The PNB raises the interest rates in the deposit on these terms: Details inside | Popgen Tech

PNB FD Rates

The bank will continue to offer an interest rate of 3.25% on fixed deposits maturing in 46 to 90 days and an interest rate of 3.00% on fixed deposits maturing in 7 to 45 days. Fixed deposits with maturities between 91 and 179 days will continue to pay 4.00% interest, while term deposits with maturities between 180 days and less than a year will continue to pay 4.50% interest. PNB increased the interest rate on fixed deposits that mature in one year by 20 basis points (bps), from 5.30% to 5.50%, while the bank increased the interest rate on fixed deposits that maturing in one year and up to two years by 5 bps, from 5.45% to 5.50%.

The PNB increased the interest rate on fixed deposits maturing in more than two years and up to three years by 10 basis points, from 5.50% to 5.60%. PNB will continue to pay interest of 5.75% on fixed deposits that mature in more than 3 years and up to 5 years, and the bank has increased interest rates on term deposits that mature in more than 5 years and up to 10 years with 5 basis points, from 5.60% to 5.65%. The bank will continue to offer fixed deposits with maturities in 1111 days with an interest rate of 5.75%.

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For the benefit of senior citizens, PNB has mentioned on its website that “Senior citizens shall get an additional interest rate of 50 bps on card rates applicable for all maturities on domestic deposits of less than Rs. 2 Crore. In case of staff members as well as retired staff members who are also Senior Citizens, the maximum rate of interest to be allowed on the applicable card rate shall be 150 bps except in case of the PNB Tax Saver fixed deposit scheme, where the maximum interest rate to be allowed above the applicable card rate is 100 bps.”

“The revised interest rates will be applicable for new Deposits and renewal of existing deposits with effect from 17.08.2022,” PNB said on its website.