PNB Revised FD Rates : Punjab National Bank (PNB) has revised interest rates on fixed deposits on select maturities with effect from 2 August 2019. PNB has lowered the interest rates by up to 50 basis points on maturity periods such as 7-14 days, 15-29 days, 30-45 days, 46-90 days and 91-179 days. On deposits maturing in 7-45 days, PNB is offering an interest rate of 5% to the general public and 5.5% to senior citizens on fixed deposits of up to ₹2 crore. Previously, the public sector bank paid interest rates of 5.50% and 6% on these FD maturities respectively.

PNB has also increased interest rates on select maturities. In the maturity period of 3-5 years, the bank will provide an interest rates of 6.5% to the general public and 7% to senior citizens on fixed deposits of up to Rs. 2 crore. Therefore, the revision marks an increase of 0.25 percentage point from the previous rates.  In deposits maturing in 46 days to 179 days, PNB has reduced the interest rate from 6.25% to 5.75%. The rates of deposits maturing in 180 days to 270 days remain unchanged at 6.25%.

For 271 days to less than one year, the bank has reduced the interest rate by 20 basis points, these term deposits will now fetch an interest rate of 6.30%. On 333 days, PNB had reduced the interest rate from 6.75% to 6.30%.

PNB Revised FD Rates: List

  • Period – 7 to 14 days
    • For General Public – 5%
    • For Senior Citizens – 5.5%
  • Period – 30 to 45 days
    • For General Public – 5%
    • For Senior Citizens – 5.5%
  • Period – 46 to 90 days
    • For General Public – 5.75%
    • For Senior Citizens – 6.25%
  • Period – 91 to 179 days
    • For General Public – 5.75%
    • For Senior Citizens – 6.25%
  • Period – 180 to 270 days
    • For General Public – 6.25%
    • For Senior Citizens – 6.75%
  • Period – 271 days to less than 1 year
    • For General Public – 6.3%
    • For Senior Citizens – 6.8%
  • Period – 333 days
    • For General Public – 6.3%
    • For Senior Citizens – 6.8%
  • Period – 1 Year
    • For General Public – 6.75%
    • For Senior Citizens – 7.25%
  • Period – 444 days
    • For General Public – 6.75%
    • For Senior Citizens – 7.25%
  • Period – 555 days
    • For General Public – 6.75%
    • For Senior Citizens – 7.25%
  • Period – Above 1 year and up to 3 years
    • For General Public – 6.75%
    • For Senior Citizens – 7.25%
  • Period – Above 3 year and up to 5 years
    • For General Public – 6.5%
    • For Senior Citizens – 7%
  • Period – Above 5 year and up to 10 years
    • For General Public – 6.5%
    • For Senior Citizens – 7%

Earlier, the bank had revised the interest rate on its maturities on 1 July 2019. Senior citizens will continue to get an additional rate of interest of 0.5 per cent on their deposits.