PNB FD Interest Rate Increased: Punjab National Bank (PNB) has given good news to all its customers at the beginning of the new year, increasing the interest rates on fixed deposits (FDs). This increase will give better returns to all customers and will also increase the income of common people.
PNB FD Interest Rate Increased: It is worth noting that these new interest rates have been implemented only on some limited period FDs. In this article, we know in detail which types of FDs these changes will affect.
New Interest Rates of PNB Fixed Deposits
PNB has increased the interest rates of fixed deposits in three major periods, which will also give more income to the bank and increase the returns of the customers. Following are those FDs and their new interest rates:
1 year FD: Customers will get an interest rate of 6.8% on this FD, while senior citizens will get an interest of 7.3%.
400 days FD: In this period, common citizens will get an interest of 7.25%, while senior citizens will get an interest of 7.75%.
2 and 3 years FD: On these FDs, common citizens will get an interest rate of 7.00%, and senior citizens will get an interest of 7.50%.
Tax Saving FD
PNB has also increased the interest rates of tax saving FDs, which will benefit all taxpayers. On tax saving FD in PNB, common citizens will get 6.50% and senior citizens will get 7.00% interest. This decision has brought a wave of happiness among the citizens and they are excited to take advantage of this scheme.
Other Fixed Deposit Options
PNB Bank also offers you 7 days FD, so that you can earn good interest even by making a small investment. Apart from this, you can also invest in long term FDs, such as 10 year FD. Senior citizens get 0.5% higher interest rate on these FDs, which is a very attractive scheme.
This big decision of PNB Bank is giving customers a great financial opportunity, and they can use it for their investments and savings.
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