PNB customers will now get up to 6.10% interest on FD! Bank increased interest twice in a week

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PNB Hikes FD Rates: Punjab National Bank has changed its Fixed Deposits Rates (PNB FD Rates) twice in a span of just 48 hours. The bank has once again announced an increase in the interest rate on deposits of less than Rs 2 crore. These new rates have come into effect from 19 August 2022. Earlier on August 17, 2022, the bank had increased its interest rates.

The bank had increased the interest rate by 5 to 20 basis points for different tenors. After the increase in FD interest rates, the bank is giving returns of up to 6.10% to its normal customers. This interest rate is available on 405 days FD. Significantly, due to the continuous increase in the repo rate of the Reserve Bank, all the banks are increasing their FD rates. At present the repo rate is 5.40% (RBI Repo Rate).

Senior citizens are getting 0.50% higher interest rate
The bank is offering 0.50% higher interest rate to senior citizens. In such a situation, NB increased on 405 days FD will get a return of 6.60%. At the same time, the bank offers 1% higher interest rate to the employees and retired employees of the bank. In such a situation, PNB employees get a return of 7.10% on FD of 405 days and 7.60% for retired employees. If you are also planning to do FD in the bank, then we are giving you information about the interest rate available by the bank for different periods-

This interest is available on FD of less than Rs 2 crore-

  • 7 days to 14 days – 3.00%
  • 15 days to 29 days – 3.00%
  • 30 days to 45 days – 3.00%
  • 46 days to 90 days – 3.25%
  • 91 days to 179 days – 4.00%
  • 180 days to 270 days – 4.50%
  • 180 days to 270 days – 4.50%
  • 271 days to less than 1 year – 4.50%
  • 1 year-5.50%
  • 1 year to 404 days-5.50%
  • 405 days-6.10%
  • 406 days to 2 years-5.50%
  • Between 2 to 3 years – 5.60%
  • Between 3 and 5 years – 5.75%
  • 5 to 10 years – 5.65%
  • 1111 day FD-5.75%

FD rates of PNB Uttam-
Apart from this, PNB has also decided to increase the Uttam FD Rates. The bank is offering an interest rate ranging from 4.05% to 6.15% on FDs ranging from 91 days to 1111 days on FDs of less than Rs 2 crore.

  • 91-179 days -4.05%
  • 180-270 days-4.55%
  • 271 – Below 1 year – 4.55%
  • 1 year-5.55%
  • 1 year to 404 days-5.50%
  • 405 days-6.15%
  • 406 days to 2 years-5.55%
  • Between 2 to 3 years – 5.65%
  • Between 3 and 5 years – 5.80%
  • 5 to 10 years -5.70%
  • 1111 Day FD – 5.80%

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