Once again in the new year, PNB raised the interest rates on fixed-rate bonds (FDs). Check out the new rates

Once again in the new year, PNB raised the interest rates on fixed-rate bonds (FDs). Check out the new rates

Once again in the new year, PNB raised the interest rates on fixed-rate bonds (FDs). Check out the new rates

Punjab National Bank: In the new year, PNB has raised the interest rate on savings accounts for the second time. The bank has raised the interest rate on FDs by 0.80% once again. The revised rates are effective as of January 8, 2024. The bank has already raised the interest rate till January 1, 2024. Subsequently, PNB Bank raised the FD interest rate by 45 basis points, or 0.45 percent.

Punjab National Bank: In the new year, PNB has raised the interest rate on savings accounts for the second time. The bank has raised the interest rate on FDs by 0.80% once again. The revised rates are effective as of January 8, 2024. The bank has already raised the interest rate till January 1, 2024. Subsequently, PNB Bank raised the FD interest rate by 45 basis points, or 0.45 percent. But interest in a few FDs was also decreased at that point. Common folks are given FDs by Punjab National Bank with terms ranging from seven days to ten years. On this, he offers FD interest ranging from 3.50% to 7.25%.

PNB Bank raised this FD's interest rate by 0.80%.

The interest rate on 300-day fixed-rate bonds has been raised by 0.80% by PNB Bank. The bank now offers 7.05 percent interest on FDs with a 300-day term, up from 6.25 percent before. Senior people will get 7.55 percent interest on this FD, or investment of 300 days, and super senior citizens would receive 7.85 percent interest.

This much interest is being offered on FDs worth less than Rs 2 crore by Punjab National Bank.

7–14 days: 3.50 percent for the general public and 4.00 percent for elderly persons

15 to 29 days: 3.50 percent for the general public and 4.00 percent for elderly persons

30 to 45 days: 3.50 percent for the general public and 4.00 percent for elderly persons

46 days to 90 days: 4.50 percent for the general public and 5.00 percent for elderly persons

Between 91 and 179 days: 4.50 percent for the general public and 5.00 percent for elderly persons

180 days to 270 days: 5.50 percent for the general population and 6 percent for elderly persons

300 days FD: 7.05 percent for the general public and 7.55 percent for elderly persons

271 days to less than a year: 5.80% of the general population and 6.30% of elderly persons

After a year: 6.75 percent for the general public and 7.25 percent for elderly citizens

Over a period of one year to 443 days: 6.80% of the general population and 7.30% of elderly persons

444 days: 6.80% for the general public and 7.30% for elderly persons

445 to 2 years: 6.80% of the total population and 7.30% of elderly persons

Over two to three years: 7.0 percent for the general population and 7.5 percent for older adults

Over three to five years: 6.50 percent for the general population and 7.00 percent for older adults

Between the ages of five and ten: 6.50 percent for the general population and 7.30 percent for older individuals.