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Punjab National Bank increases interest rates on Saving and FD accounts to welcome its customers into 2023

Punjab National Bank increases interest rates on Saving and FD accounts to welcome its customers into 2023

 

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)

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