Punjab National Bank has increased fixed deposit interest rates for one particular tenure for senior citizens and on all tenures for super senior citizens.
Interest rates hiked by up to 30 bps for FD
The new interest rates are effective from September 13, 2022.
The FD interest rate for senior citizens by 30 basis points (bps) to 6.45% from 6.15% for the 5-10 year tenure.
The Senior citizens of age 60 years and up to 80 years shall get an additional rate of interest
Super Senior Citizens of age above 80 years shall get additional rate of interest of 80bps
Above 3 years to 5 years: For Senior Citizens - 6.25 per cent; For Super Senior Citizens - 6.55 per cent
Above 5 years to 10 years: For Senior Citizens - 6.45 per cent; For Super Senior Citizens - 6.45 per cent
1111 days: For Senior Citizens - 6.25 per cent; For Super Senior Citizens - 6.55 per cent.
FD interest rate for Super senior citizens by to 6.55% from 6.15% for the 5-10 year tenure.