Good news for PNB Bank account holders. Punjab National Bank has given a big gift to its customers on the occasion of New Year. There is good news for people investing in FDs. Punjab National Bank (PNB) has updated its fixed deposit rates by introducing two new plans, effective from January 1, 2025. These changes apply to fixed deposits of less than Rs 3 crore. One of the new offerings is a 303-day FD plan, which will yield an interest rate of 7 percent. Additionally, for a 506-day FD, the interest rate is set at 6.7 percent.
Currently, PNB provides interest rates ranging from 3.5 percent to 7.25 percent for fixed deposits available to the general public. The bank offers a variety of FD tenures, from 7 days to 10 years, with the highest rate of 7.25 percent available for a 400-day FD.
For senior citizens, the interest rates start at 4 percent, with a maximum of 7.75 percent available on the 400-day FD. Senior citizens can also choose from FDs with tenures ranging from 7 days to 10 years.
In a new initiative, PNB has launched a category for Super Senior Citizens, offering an attractive interest rate of up to 8.05 percent on the 400-day FD. For FDs under Rs 3 crore, senior citizens will receive a minimum interest rate of 4.3 percent, with the potential to earn up to 8.05 percent.
