Punjab National Bank (PNB), a public sector lender, has once again announced a hike in interest rates for fixed deposits. 2 crores. According to the bank’s official website, the higher interest rates on fixed deposits will be effective from August 19, 2022. Earlier, on August 17, 2022, PNB had increased the interest rates on fixed deposits by 5 to 20 bps. the bank has fixed deposit rates Twice this week and after today’s hike now offers up to 6.10%. As on date, PNB offers an interest rate of 5.50% on fixed deposits maturing in more than 1 year and 404 days, 6.10% on fixed deposits maturing in 405 days and 5.50% on fixed deposits maturing in 406 days to 2 years. interest rate will be offered. , Earlier, the bank had promised an interest rate of 5.50% on deposits maturing in 1 year to 2 years. “The revised interest rates will be applicable on fresh deposits and renewal of existing deposits with effect from 19.08.2022,” PNB said on its website.
PNB FD Rates
After today’s adjustments, PNB Now offering a maximum interest rate of 6.10% to general public and 6.60% to senior citizens on fixed deposits maturing in 405 days. PNB is now offering an interest rate of 5.75% for general public and 6.25% for senior citizens on 5-year tax saving deposits. On fixed deposits maturing in 7 days to 1111 days, PNB will now offer interest rates ranging from 3.00% to 5.75% for general public and 3.50% to 6.25% for senior citizens. For all maturities on domestic deposits of less than Rs. 2 crore, senior citizens will get an additional interest rate of 50 basis points over the applicable card rates.
see full image
“In case of staff members as well as retired staff members, who are also senior citizens, the maximum rate of interest on the applicable card rate shall be 150 bps, as in case of PNB Tax Saver Fixed Deposit Scheme, where the maximum rate of interest is given by PNB on its website. But said that 100 bps is allowed at the applicable card rate.
Today, PNB also adjusted the interest rate on the non-callable deposit scheme, “PNB Uttam Fixed Deposit Scheme”. From 19.08.2022, PNB will offer interest rates ranging from 4.05% to 5.80% on Uttam deposit accounts with maturities between 91 and 1111 days. Investors will now get maximum 6.15% interest rate on PNB Uttam Deposit Scheme maturing in 405 days.
catch all business News, market news, today’s fresh news events and breaking news Updates on Live Mint. download mint news app To get daily market updates.