PNB Fixed Deposit Latest Update: Punjab National Bank is offering interest from 3% to 5.25% on FDs up to Rs 2 crore for a period of 7 days to 10 years.
PNB Fixed Deposit Latest Update: In recent times, many banks have changed the interest rates on Fixed Deposit (FD). At the same time, the state-run Punjab National Bank has also changed the FD interest rates. The new PNB FD rates have come into effect from 1 May 2021. Punjab National Bank is offering interest ranging from 3% to 5.25% on FDs up to Rs 2 crore for a period of 7 days to 10 years. Explain that a fixed deposit can earn profits in the form of interest by depositing a lump sum for a fixed period. However, according to the FD fixed rules, the amount deposited before maturity cannot be withdrawn. However, by depositing some fines, the money can also be withdrawn earlier.
Punjab National Bank FD’s new interest rates
| Period | Rate of interest |
| 7 days to 14 days | 3.00 per cent |
| 15 days to 29 days | 3.00 per cent |
| 30 days to 45 days | 3.00 per cent |
| 46 days to 90 days | 3.25 percent |
| 91 days to 179 days | 4.00 per cent |
| 180 days to 270 days | 4.40 percent |
| 271 days – up to 1 year | 4.50 percent |
| 1 year | 5.10 percent |
| 1 year to 2 years | 5.10 percent |
| 2 years to 3 years | 5.10 percent |
| 3 years to 5 years | 5.25 percent |
| 5 years to 10 years | 5.25 percent |
Let us know that senior citizens get more than half a percent interest in fixed deposits. State Bank of India (SBI), Axis Bank (Yes Bank), Yes Bank (Yes Bank), IDFC First Bank (IDFC First Bank), ICICI Bank (ICICI Bank) and HDFC Bank (HDFC Bank) and Kotak Mahindra Bank (Kotak Mahindra Bank) has recently changed the interest rates on fixed deposits.
