Punjab National Bank ,PNB) has increased Rate of interest of Fixed deposit (FD) for an amount less than Rs.2 crore. the bank has increased fixed deposit interest rates 10 to 20 basis points for maturities of one to two years and up to three years. It has kept the interest rates for other FD tenors unchanged.

According to the PNB website, the new interest rates are effective from July 4, 2022.

PNB Fixed Deposit Interest Rates

PNB has increased the interest rate on FDs of one to two years by 10 basis points to 5.30 per cent. On deposits with tenor of more than two years and up to three years, the bank will now offer an interest rate of 5.50 per cent with an increase of 20 basis points.

Earlier, the bank had revised FD Interest Rates From June 14, 2022 on different periods.


Senior Citizen FD Interest Rate

For all maturities on domestic deposits of less than Rs 2 crore, senior individuals will receive an additional 50 basis points at the applicable card rates, as per the bank’s website. Employees and retired employees who are also senior citizens are eligible for an interest rate of 150 bps over the applicable card rate.