Punjab National Bank (PNB) hikes mounted deposit (FD) charges by as much as 75 bps

The main public sector lender Punjab National Bank has hiked rates of interest by as much as 75 bps on mounted deposits of lower than ₹2 Cr. As per the official web site of the financial institution the brand new charges are efficient as of at present twenty sixth October 2022. Following the revision, the financial institution is now providing rates of interest starting from 3.50% to six.10% on deposits maturing in 7 days to 10 years. Punjab National Bank will now provide a most rate of interest of seven% to most people, 7.50% to senior residents and seven.80% to tremendous senior residents on deposits maturing in 600 days.

PNB FD Rates

On deposits maturing in 46 to 90 days, the financial institution has hiked the rate of interest by 75 bps from 3.75% to 4.50% and on these maturing in 180 to lower than 1 yr, PNB has hiked the rate of interest by 50 bps from 5% to five.50%. Punjab National Bank (PNB) has hiked the rate of interest by 60 bps from 5.70% to six.30% on deposits maturing in 1 yr to 599 days the financial institution has hiked the rate of interest by 50 bps from 6.50% to 7% on deposits maturing in 600 days. Deposits maturing in 601 days to 2 years will now fetch an rate of interest of 6.30% which was earlier 5.70% a hike of 60 bps. PNB has hiked rates of interest by 45 bps from 5.80% to six.25% on deposits maturing in 2 to three years and has hiked rates of interest by 30 bps from 5.80% to six.10% on deposits maturing in 3 to five years. On mounted deposits maturing in 5 to 10 years, the financial institution has hiked the rate of interest by 25 bps from 5.85% to six.10% on deposits maturing in 5 to 10 years.

View Full Image

PNB FD Rates (pnbindia.in) PNB NRO, NRE FD Rates

The rate of interest on single NRO and NRE time period deposits has been raised at PNB. The following are the newest amended charges.

View Full Image

PNB NRO, NRE FD Rates (pnbindia.in) PNB Tax Saver FD

On tax-saver mounted deposits of 5 years to 10 years, the financial institution is now providing an rate of interest of 6.10% to most people, 6.60% to senior residents, and seven.10% for employees members and retired senior residents.

View Full Image

PNB Tax Saver FD (pnbindia.in)

On home deposits of lower than Rs. 2 crores, senior residents 60 years of age and over (as much as 80 years of age) would get an extra charge of curiosity of fifty foundation factors (bps) over the common card charges for a time period as much as 5 years and 80 bps for a interval above 5 years. The most charge of curiosity that may be charged over the efficient card charge for present workers and retired workers who’re additionally senior residents shall be 150 bps for a interval as much as 5 years and 180 bps for a interval above 5 years. 

Additionally, tremendous senior residents who’re over 80 years previous will get an extra charge of curiosity that’s 80 foundation factors greater than the respective card charge for all tenors. The highest charge of curiosity that may be imposed above the related card charge for workers and retired workers who’re additionally Super Senior Citizens is 180 bps over the relevant card charge for all tenors. The highest charge of curiosity over the suitable card charge for PNB Tax Saver Fixed Deposit Scheme workers and retired workers who’re Senior Citizens is 100 bps.

Catch all of the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.

More
Less