PNB hikes fixed deposit rates by up to 30 bps. Latest FD interest rates here

PNB raises fixed deposit rates: The Punjab National Bank (PNB) has raised interest rates on fixed term deposits (FDs) for selected maturities. The new interest rates apply to deposits of less than 2 crores. The new rates apply from today, February 20, 2023, according to the bank’s website.

PNB raises fixed deposit rates: The Punjab National Bank (PNB) has raised interest rates on fixed term deposits (FDs) for selected maturities. The new interest rates apply to deposits of less than 2 crores. The new rates apply from today, February 20, 2023, according to the bank’s website.

PNB raises FD rates

The rate hike ranges between 5 and 30 basis points. For deposits with a maturity between 271 days and less than 1 year, the bank raised the interest rate by 30 basis points to 5.80%. FDs with maturities between 1 year and 665 days are increased by 5 basis points to 6.80%. FDs with a term between 667 days and 2 years bear interest at 6.80%. After the latest rate hike, PNB offers interest rates ranging from 3.5% to 7.25% for deposits with a maturity of 7 days to 10 years.

PNB raises FD rates

The rate hike ranges between 5 and 30 basis points. For deposits with a maturity between 271 days and less than 1 year, the bank raised the interest rate by 30 basis points to 5.80%. FDs with maturities between 1 year and 665 days are increased by 5 basis points to 6.80%. FDs with a term between 667 days and 2 years bear interest at 6.80%. After the latest rate hike, PNB offers interest rates ranging from 3.5% to 7.25% for deposits with a maturity of 7 days to 10 years.

Latest FD rates from PNB valid as of February 20, 2023

7 to 14 days 3.50%

Latest FD rates from PNB valid as of February 20, 2023

7 to 14 days 3.50%

180 days to 270 days 5.50%

180 days to 270 days 5.50%

271 days to less than 1 year 5.80%

271 days to less than 1 year 5.80%

More than 1 year up to 665 days 6.80%

More than 1 year up to 665 days 6.80%

667 days to 2 years 6.80%

667 days to 2 years 6.80%

over 2 years & up to 3 years 7%

over 2 years & up to 3 years 7%

over 3 years and up to 5 years 6.50%

over 3 years and up to 5 years 6.50%

over 5 years and up to 10 years 6.50%

over 5 years and up to 10 years 6.50%

PNB FD interest rate for seniors

PNB offers seniors an interest rate of 4% to 7.75% on deposits with maturities of 7 days to 10 years

PNB FD interest rate for seniors

PNB offers seniors an interest rate of 4% to 7.75% on deposits with maturities of 7 days to 10 years

PNB FD interest rate for super seniors

PNB offers super seniors an interest rate of 4.3% to 8.05% on deposits with maturities of 7 days to 10 years. Super seniors are people over the age of 80.

PNB FD interest rate for super seniors

PNB offers super seniors an interest rate of 4.3% to 8.05% on deposits with maturities of 7 days to 10 years. Super seniors are people over the age of 80.

Many banks, including the State Bank of India (SBI), Axis Bank, Kotak Mahindra, IndusInd Bank and others, hiked fixed-term deposit (FD) rates shortly after the Reserve Bank of India raised repo rates on February 8 had raised 25 basis points.

Many banks, including the State Bank of India (SBI), Axis Bank, Kotak Mahindra, IndusInd Bank and others, hiked fixed-term deposit (FD) rates shortly after the Reserve Bank of India raised repo rates on February 8 had raised 25 basis points.

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