For senior and super senior citizens, the rates range from 7.50-7.85 per cent
The city-based Punjab National Bank (PNB) on Friday announced a special fixed deposit scheme for 600 days, offering a higher interest rate up to 7.85 per cent per annum.
This special rate of interest scheme has come to effect from October 19, 2022.
"The bank is offering higher interest rates up to 7.85 per cent per annum," it said in a release.
The scheme is applicable on single deposit term deposits below Rs 2 crore for senior (60 years and above) and super senior citizens (80 years and above).
For senior and super senior citizens, the rates range from 7.50-7.85 per cent.
"Our aim is to offer the best-in-class schemes to our valuable customers and we are pleased to offer a higher interest rate to consumers so that they earn more on their saving. For further ease, our existing customers can avail this scheme online also through PNB ONE app and internet banking," Atul Kumar Goel, MD & CEO, Punjab National Bank, said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
The city-based Punjab National Bank (PNB) on Friday announced a special fixed deposit scheme for 600 days, offering a higher interest rate up to 7.85 per cent per annum. This special rate of interest scheme has come to effect from October 19, 2022.
For deposits maturing in 444 days, the bank has hiked the interest rate by 45 bps to 7.25% from 6.80% for NRE customers. FDs maturing in 666 days, is reduced to 7.05% from 7.25%. On May 18, 2023, Axis Bank announced that it has reduced the interest rate on its 2 years to less than 30 months FD tenure.
PNB Bank FD Interest Rates 2024 Current FD Interest Rates. PNB Bank offers fixed deposit rates up to 7.25% P.A. for regular & 7.75% P.A. for Senior Citizens for tenures ranging from 7 days to 10 years.
The PNB Senior Citizen Scheme is such an investment option that caters specifically to retired individuals. The benefits of this scheme include a high-interest rate that allows investors to maximise their returns and meet their post-retirement financial requirements without strain.
On deposits maturing in 777 days, BOI will now pay an interest rate of 7.25% and on those maturing in 3 years to 5 years, BOI will now pay an interest rate of 6.25%. Fixed deposits maturing in 5 years to 10 years will now pay an interest rate of 5.75%.
Bank of Baroda: This state bank offers the highest interest rate of 7.25 per cent on fixed deposits of 399-day tenure. Senior citizen depositors are offered 7.75 percent (i.e., an extra 50 basis points) per annum on this tenure. These rates came into effect on July 15, 2024.
Punjab National Bank (PNB) offers Fixed Deposit for interest rates lying within the range of 3.50% p.a. and 7.30% p.a. Punjab National Bank (PNB) offers Fixed Deposit for interest rates lying within the range of 3.50% p.a. and 7.30% p.a. for the general public. The highest PNB FD interest rate is 7.25% p.a.
This plan is a participating plan that offers a regular guaranteed income for you and your family – even when you're not around, for 15 years or till the end of the policy. You can even choose the monthly income that you want, and PNB MetLife insurance guarantees this amount.
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