PNB hiked fixed deposit rates by up to 30 bps. Latest FD Interest Rates Here

 

PNB hikes fixed deposit rates: New FD rates come into effect from today

PNB hikes fixed deposit rates: Punjab National Bank (PNB) has hiked interest rates on fixed deposits (FDs) for select tenors. The new interest rates will be applicable for deposits of less than ₹2 crore. According to the bank's website, the new rates are effective from today i.e. 20 February 2023.

PNB increased FD rates

The increase in interest rate ranges between 5 to 30 bps. For deposits maturing between 271 days and less than 1 year, the bank has increased the interest rate by 30 bps to 5.80%. FDs maturing between one year and 665 days will be increased by 5 bps to 6.80%. FDs maturing between 667 days and 2 years will fetch an interest rate of 6.80%. After the latest hike, PNB will offer interest rate ranging from 3.5% to 7.25% on deposits maturing in 7 days to 10 years.

PNB latest FD rates effective from 20 February 2023

7 to 14 days 3.50%

15 to 29 days 3.50%

30 to 45 days 3.5%

46 to 90 days 4.50%

91 to 179 days 4.50%

180 days to 270 days 5.50%

271 days to less than 1 year 5.80%

1 year 6.80%

Above 1 year to 665 days 6.80%

666 days 7.25%

667 days to 2 years 6.80%

Above 2 years and up to 3 years 7%

Above 3 years and up to 5 years 6.50%

Above 5 years and up to 10 years 6.50%

pnb fd interest rate for senior citizens

PNB will offer senior citizens an interest rate of 4% to 7.75% on deposits ranging from 7 days to 10 years

PNB FD Interest Rate for Very Senior Citizens

PNB Super will offer senior citizens an interest rate ranging from 4.3% to 8.05% on deposits of 7 days to 10 years. Very senior citizens are people aged 80 years and above.

Several banks including State Bank of India (SBI), Axis Bank, Kotak Mahindra, IndusInd Bank have hiked fixed deposit (FD) interest rates soon after the Reserve Bank of India hiked repo rates by 25 basis points on February 8.