PNB FD Rates: Punjab National Bank has revised the FD rates. The new rates are effective from January 1, 2024. PNB has also reduced FD rates on some buckets.
Punjab National Bank FD Rates: Punjab National Bank (PNB) has revised the fixed deposit (FD) interest rates on amounts less than Rs 2 crore. The bank has increased the interest rate by up to 50 basis points (bps) on certain periods. The new rates are effective from January 1, 2024. PNB has also reduced FD rates on some buckets.
The bank has increased interest rates by 50 bps for tenures of 180 to 270 days. Now common people will get 6% interest on these fixed deposits. PNB has increased FD rates for tenure from 271 days to less than 1 year by 45 bps.
Now ordinary citizens will get 7.25% interest on these FDs. On maturity period of 400 days, PNB has increased the rates by 45 bps from 6.80% to 7.25%.
After the amendment, PNB offers 3.5% to 7.25% interest to common citizens on deposits maturing in 7 days to ten years.
PNB cuts FD rates during this period
Punjab National Bank has reduced FD rates of 444 days by 45 bps from 7.25% to 6.8%.
Latest FD rates of PNB for senior citizens
After the latest revision, PNB offers interest rates ranging from 4% to 7.75% on FDs maturing in seven days to ten years, and 4.3% to 8.05% to super seniors.
SBI Latest FD Rates
State Bank of India (SBI) has increased the interest rates on fixed deposits (FD). This interest rate is applicable on FDs of less than Rs 2 crore. The new rate is effective from today, December 27, 2023. After the latest hike, SBI offers rates ranging from 3.5 to 7% on deposits maturing in seven days to ten years. Senior citizens will get additional 50 basis points (bps) on these deposits.
Bank of Baroda Latest FD Rates
Bank of Baroda has increased interest rates on retail fixed deposits by 10 basis points to 125 basis points on different maturity periods. These rates are applicable for deposits less than Rs 2 crore from today, 29th December. After the latest hike, BoB offers interest range from 4.25% to 7.255% to general customers. Bank of Baroda offers interest rates ranging from 4.75% to 7.75% to senior citizens on deposits maturing in seven days to ten years.
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