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PNB FD Interest Rates: The newly added tenures embrace a 303-day FD with an rate of interest of seven per cent and a 506-day FD providing 6.7 per cent curiosity for common residents.
PNB offers FD rates of interest starting from 3.5 per cent to 7.25 per cent for tenures spanning 7 days to 10 years for common residents.
PNB FD Rates 2025: State-owned Punjab National Bank (PNB) has revised its mounted deposit (FD) rates of interest and launched two new tenures for deposits beneath Rs 3 crore, efficient January 1, 2025. The newly added tenures embrace a 303-day FD with an rate of interest of seven per cent and a 506-day FD providing 6.7 per cent curiosity for common residents.
Fixed deposits are a preferred funding choice the place people can deposit a lump sum for a specified interval and earn a hard and fast rate of interest, typically larger than that of a daily financial savings account.
According to the most recent replace, PNB offers FD rates of interest starting from 3.5 per cent to 7.25 per cent for tenures spanning 7 days to 10 years for common residents. The highest charge of seven.25 per cent is relevant to a 400-day tenure.
| Period | Revised charges for common residents (%) | Revised charges for senior residents (%) | Revised charges for tremendous senior residents (%) |
|---|---|---|---|
| 7 to 14 Days | 3.5 | 4.0 | 4.3 |
| 15 to 29 Days | 3.5 | 4.0 | 4.3 |
| 30 to 45 Days | 3.5 | 4.0 | 4.3 |
| 46 to 60 Days | 4.5 | 5.0 | 5.3 |
| 61 to 90 Days | 4.5 | 5.0 | 5.3 |
| 91 to 179 Days | 5.5 | 6.0 | 6.3 |
| 180 to 270 Days | 6.25 | 6.75 | 7.05 |
| 271 Days to 299 Days | 6.5 | 7.0 | 7.30 |
| 300 Days | 7.05 | 7.55 | 7.85 |
| 301 Days to 302 Days | 6.5 | 7.0 | 7.3 |
| 303 Days | 7.0 | 7.5 | 7.8 |
| 304 Days to < 1 Year | 6.5 | 7.0 | 7.3 |
| 1 Year | 6.8 | 7.3 | 7.6 |
| > 1 Year to 399 Days | 6.8 | 7.3 | 7.6 |
| 400 Days | 7.25 | 7.75 | 8.05 |
| 401 Days to 505 Days | 6.8 | 7.3 | 7.6 |
| 506 Days | 6.7 | 7.2 | 7.5 |
| 507 Days to 2 Years | 6.8 | 7.3 | 7.6 |
| > 2 Years to three Years | 7.0 | 7.5 | 7.8 |
| > 3 Years to 1203 Days | 6.5 | 7.0 | 7.5 |
| 1204 Days | 6.4 | 6.9 | 7.2 |
| 1205 Days to five Years | 6.5 | 7.0 | 7.3 |
| > 5 Years to 1894 Days | 6.5 | 7.3 | 7.3 |
| 1895 Days | 6.35 | 7.15 | 7.15 |
| 1896 Days to 10 Years | 6.5 | 7.3 | 7.3 |
Finance Minister Nirmala Sitharaman has requested banks to make concerted efforts to garner deposits by conducting particular drives. She additionally suggested banks to have higher relationships with their prospects for environment friendly customer support supply.
While the credit score development has picked up, mobilisation of deposits may additional be improved to fund the credit score development sustainably and requested banks to make concerted efforts to garner deposits by conducting particular drives, she mentioned.
