Exciting news for PNB account holders! If you’re in the market for a great fixed deposit (FD) account, this article is tailored for you. Fixed deposits have become a favored investment choice, providing a secure way to grow your savings while earning interest. Before you dive into an FD scheme with a bank or financial institution, it’s essential to understand the benefits from the experts. Today, we’ll explore PNB’s FD offerings.
Punjab National Bank (PNB) has consistently provided impressive returns on fixed deposits over the years. Currently, PNB offers interest rates ranging from 3.5% to 7.25% on FDs.
For FDs with a tenure of 300 days, PNB is offering an interest rate of 7.05% for regular customers and 7.55% for senior citizens. Let’s see what happens if you invest Rs 4 lakh in a 300-day FD with PNB.
If a regular customer deposits Rs 4 lakh in PNB’s 300-day FD, they can expect a return of Rs 423,649 upon maturity. Meanwhile, a senior citizen making the same deposit will receive a total of Rs 425,362 after 300 days. Meanwhile if we are talking about SBI’s FD account you will surprice.
State Bank of India (SBI) is the largest government bank in the country.
FDs ranging from 7 days to 10 years can be made in SBI.
The country’s largest government bank is paying interest of 3.5 per cent to 7.25 per cent on FDs.
SBI offers 6.25 per cent interest to general citizens and 6.75 per cent to senior citizens on 180 days FD
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