PNB Scheme: PNB (Punjab National Bank) has given positive news to its customers. Now the bank is offering interest rates up to 8.10% on fixed deposits (FDs), especially to super senior citizens (above 80 years). Ordinary citizens will receive up to 7.75% interest, and senior citizens will receive up to 8.05% interest, particularly on 444 day FD schemes.
Interest rates differ depending on the FD’s tenure, which can range from 7 days to 10 years. Effective from June 2024, PNB and other banks are offering competitive interest rates. Other banks, in addition to PNB, are also offering interest rates exceeding 8%.
PNB (Punjab National Bank) has increased the interest rates on its fixed deposit (FD) schemes, which is a beneficial opportunity for the customers. The bank is now offering interest rates of up to 8.10%, especially for super senior citizens, while senior citizens are getting interest up to 8.05%.
These rates are applicable to 444-day FD schemes, which is one of the most attractive options. Apart from this, interest rates for common citizens are also going up to 7.75%, which is considered a good rate in the current financial environment. These rates vary depending on the FD’s tenure, and different rates are applicable for FD schemes ranging from 7 days to 10 years.
Other banks are also paying interest.
It is also worth noting that, apart from PNB, other banks like RBL Bank, Unity Small Finance Bank, and Suryoday Small Finance Bank offer interest rates of more than 8%. This time can prove to be very beneficial for those investing in fixed deposits, as banks are constantly improving interest rates.
After the recent hike in fixed deposit (FD) interest rates by PNB, this scheme has become even more attractive for investors. Under the new schemes of the bank, customers can get FD for the period of their choice and get interest up to 8.10%, especially keeping in mind the super senior citizens (above 80 years of age).
Senior citizens are also getting benefits.
Senior citizens can get interest rates up to 8.05%, and general customers can get up to 7.75%. These rates are primarily available on 444-day FD schemes. If someone wants to invest for a longer period, the bank is also offering schemes with tenures up to 10 years.
At present, along with PNB, other banks like RBL Bank, Unity Small Finance Bank, and Suryoday Small Finance Bank are also offering FDs to their customers at interest rates of more than 8%. In the current economic situation, these rising interest rates can prove beneficial for investors.
