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PNB Customers Will Now Get Up To 6.10% Interest On FD!
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.
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 a 0.50% higher interest rate
The bank is offering a 0.50% higher interest rate to senior citizens. In such a situation, if NB increased on 405 days FD will get a return of 6.60%. At the same time, the bank offers a 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-
