Punjab National Bank increases interest rates
New Delhi, January 3, 2023: Punjab National Bank (PNB), nation’s leading public sector bank, welcomes its customers in the new year by increasing interest rates on saving deposit by 25 BPS and fixed deposit accounts below 2cr by 50 BPS. The bank made the rates applicable from 1st of January 2023.
| Fixed Deposits | ||||
| Product | Period | Public | Senior Citizens | Super Senior Citizens |
| Term Deposit | On Single Domestic Term Deposits | |||
| 1 year
>1 year to 665 days 667 days to 2 years > 2years to 3 years |
6.75% p.a.
(6.25 +0.50) |
7.25% p.a.
(6.75 + 0.50) |
7.55% p.a.
(7.05 + 0.50) |
|
| On Single NRO and NRE Term Deposits upto 2 Cr | ||||
| 1 year
>1 year to 665 days 667 days to 2 years > 2years to 3 years |
6.75% p.a.
(6.25 +0.50) |
6.75% p.a.
(6.25 +0.50) |
6.75% p.a.
(6.25 +0.50) |
|
| PNB Uttam Scheme*
|
1 year
>1 year to 665 days 667 days to 2 years > 2years to 3 years |
6.80% p.a.
(6.30 +0.50) |
7.30% p.a.
(6.80 +0.50) |
7.60% p.a.
(7.10 +0.50) |
*With No premature withdrawal option
| Savings Deposit Public | |
| Saving Fund Account Balance of Rs.100 Crore & above | 3.00% p.a.
(2.75 +0.25) |
Apart from the revised interest rates, PNB will continue to offer attractive interest rates 8.10%* p.a. for fixed deposit period 666 days.
