INSUBCONTINENT EXCLUSIVE:
PNB FD interest rates 2019: PNB now offers an interest rate of 7% to senior citizens on 1 year-deposit..Punjab National Bank (PNB) has
revised its fixed deposit (FD) interest rates with effect from October 1, 2019
PNB has lowered the interest rates by up to 0.25 percentage point (25 basis points) on select maturities, according to the public sector
lender's website -- pnbindia.in
On fixed deposits up to Rs 2 crore of a maturity period of between 271 days and 1 year, PNB now offers an interest rate of 6 per cent to the
general public and 6.5 per cent to senior citizens
Previously, the bank paid interest rates of 6.25 per cent and 6.75 per cent to the general public and senior citizens respectively on FDs of
this term.After the revision, PNB now pays interest to the tune of 6.5 per cent to the general public and 7 per cent to senior citizens on
fixed deposits of a one-year term, according to its website.PeriodGeneral publicSenior citizens7 to 14 days4.5%5%15 to 29days4.5%5%30 to 45
days4.5%5%46 to 90 days5.5%6%91 to 179 days5.5%6%180 days to 270 Days6%6.5%271 days to less than 1 year6%6.5%333 days6.1%6.6%1 year6.5%7%444
days6.5%7%555 days6.5%7%Above 1 year - up to 2 years6.4%6.9%Above 2 year - up to 3 years6.25%6.75%Above 3 year - up to 5 years6.256.75%Above
5 years - up to 10 years6.57%Fixed deposit interest rates are subject to change from time to time
the repo rate by a total 110 basis points in four consecutive bi-monthly reviews
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