PNB: Punjab National Bank (PNB) will pay 7.85 percent interest annually on the 600-day Special Fixed Deposit Scheme. This special interest rate scheme has been implemented from October 19, 2022.
Punjab National Bank: If you or someone in your family has an account with Punjab National Bank (PNB), then you must know about this news. Recently, Punjab National Bank (PNB), one of the country’s largest public sector banks, had announced to increase the interest rate on fixed deposits (FD) twice. The increased rates were made effective by the bank from 26 October. This increase in the interest rate has been done on fixed deposits (FD) of less than Rs 2 crore.
Special scheme implemented from October 19
Once again it was told by the bank that Punjab National Bank (PNB) will pay 7.85 percent interest annually on the 600-day Special Fixed Deposit Scheme (Special FD Scheme). This special interest rate scheme has been implemented from October 19, 2022. A statement from the bank said that ‘the bank is offering higher interest rates up to 7.85 per cent per annum.’
These people will get benefit
Giving detailed information from the bank, it was told that this scheme is for senior citizens (60-80 years) and very senior citizens (80 years and above). Under this, a lump sum amount of less than Rs 2 crore can be deposited. The high interest rate offered by the bank is more than all public and private banks. In the coming time, such announcement can be made from other banks also. Earlier, 6.50 to 7.30 percent interest was offered in this scheme.
1.90 percent increase in repo rate
Let us tell you that in order to control the rising inflation from the Reserve Bank of India (RBI), the repo rate has been increased by 1.90 percent four times since May. After this, all the private and government banks have increased the interest rate on FDs, giving this benefit to the customers. Apart from this, the interest rate on savings accounts has also been increased. This has also affected the interest rate of home loan, car loan and personal loan.
