PNB FD Rates 2024 Revised, Check Latest Intrest Rates

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Posted By PAVZI
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Several banks are offering higher interest rates on fixed deposits after the Reserve Bank of India (RBI) increased the repo rates to the maximum level. This move has provided good returns to depositors. However, some banks that were increasing their rates are now reducing them. One such bank is Punjab National Bank (PNB), a leading public sector bank that recently revised its fixed deposit interest rates.

The PNB bank has announced new interest rates on deposits below Rs. 2 crore, which are now available on its official website. The revised rates range from 3.50 % to 7.25 % for regular citizens. Senior citizens are offered an additional 50 basis points of interest compared to ordinary citizens, with rates ranging from 4 % to a maximum of 7.75 %. Super senior citizens are offered interest rates from 4.30 % to 8.05 %.

However, the bank has reduced interest rates on two tenure fixed deposits. Earlier, the bank offered regular citizens an interest rate of 6.50 % on deposits of 1204 days, which has now been reduced by 10 basis points to 6.40 %. Similarly, on deposits of 1895 days, the bank previously offered an interest rate of 6.50 %, which has been reduced to 6.40 %. Senior citizens also receive less interest on deposits, with rates dropping from 7 % to 6.90 % on 1204 days of FD and from 7.30 % to 7.15 % on deposits of 1895 days.

It is worth noting that in April, the bank increased deposit interest rates. The rate for regular citizens on a 300 days deposit increased from 6.25 % to 7.05 %, while senior citizens saw their interest rate increase from 6.75 % to 7.55 %. For super senior citizens, interest rates increased from 7.05 % to 7.85 %.

The interest rates for general citizens range from 3.5 % on deposits of 7 to 14 days, 15 to 29 days, and 30 to 45 days to 4.5 % on deposits of 46 to 60 days, 61 to 90 days, and 91 to 179 days. Deposits from 180 to 270 days earn an interest rate of 6 %, while the highest interest rate of 7.25 % is available on 400-day term deposits. Senior citizens are offered a higher interest rate of 7.75 % on these deposits. 

PNB FD Rates 2024 for General Citizens

Sl. NoPeriodExisting Rates For Public W.E.F. 08.01.2024Revised Rates For Public W.E.F. 12.04.2024
17 to 14 Days3.53.5
215 to 29 Days3.53.5
330 to 45 Days3.53.5
446 to 60 Days4.54.5
561 to 90 Days4.54.5
691 to 179 Days4.54.5
7180 to 270 Days66
8271 Days to 299 Days6.256.25
9300 Days6.257.05
10301 Days to < 1 Year6.256.25
111 Year6.756.75
12> 1 Year to 399 days6.86.8
13400 Days7.257.25
14401 Days to 2 Years6.86.8
15> 2 years to 3 years77
16> 3 years to 1203 days6.56.5
171204 days**6.56.4
181205 days to 5 years6.56.5
19> 5 years to 1894 days6.56.5
201895 days**6.56.35
211896 days to 10 years6.56.5
PNB FD Rates 2024

PNB FD Interest Rate 2024 for Senior Citizens

Sl. NoPeriod*Existing Rates For Senior Citizens W.E.F. 08.01.2024*Revised Rates For Senior Citizens W.E.F. 12.04.2024
17 to 14 Days44
215 to 29 Days44
330 to 45 Days44
446 to 60 Days55
561 to 90 Days55
691 to 179 Days55
7180 to 270 Days6.56.5
8271 Days to 299 Days6.756.75
9300 Days6.757.55
10301 Days to < 1 Year6.756.75
111 Year7.257.25
12> 1 Year to 399 days7.37.3
13400 Days7.757.75
14401 Days to 2 Years7.37.3
15> 2 years to 3 years7.57.5
16> 3 years to 1203 days77
171204 days**76.9
181205 days to 5 years77
19> 5 years to 1894 days7.37.3
201895 days**7.37.15
211896 days to 10 years7.37.3
PNB FD Interest Rate 2024

PNB FD Interest Rate for Super Senior Citizens

Sl. NoPeriod#Existing Rates For Super Senior Citizens W.E.F. 08.01.2024#Revised Rates For Super Senior Citizens W.E.F. 12.04.2024
17 to 14 Days4.34.3
215 to 29 Days4.34.3
330 to 45 Days4.34.3
446 to 60 Days5.35.3
561 to 90 Days5.35.3
691 to 179 Days5.35.3
7180 to 270 Days6.86.8
8271 Days to 299 Days7.057.05
9300 Days7.057.85
10301 Days to < 1 Year7.057.05
111 Year7.557.55
12> 1 Year to 399 days7.67.6
13400 Days8.058.05
14401 Days to 2 Years7.67.6
15> 2 years to 3 years7.87.8
16> 3 years to 1203 days7.37.3
171204 days**7.37.2
181205 days to 5 years7.37.3
19> 5 years to 1894 days7.37.3
201895 days**7.37.15
211896 days to 10 years7.37.3
PNB FD Interest Rate 2024

*Senior Citizen-Age 60 Year and upto < 80 Year, #Super Senior Citizen- Age 80 Year and above.

Advised to visit the Punjab National Bank Official Website to get official and updated interest rates at https://www.pnbindia.in/Interest-Rates-Deposit.html

PAVZI

Hi, I'm Pavzi. I have 15 Years of Experience in the Financial Industry; here, I have posted various Financial Updates and Money Matters with How-to Guides according to the Latest Fintech News updates.