Thursday, November 21, 2024

PNB FD Rate Hike: PNB gave good news to the customers for the second time in a week, giving highest interest on FD!

Punjab National Bank: If you also have an account in Punjab National Bank, then this news is of your use. Yes, Punjab National Bank (PNB), one of the country’s largest public sector banks, has increased the interest rate on fixed deposits (FD) for the second time in a week. The bank has made this increase in interest rate on fixed deposits (FDs) less than Rs 2 crore with effect from October 26. The bank has raised the interest rate on FDs earlier on October 19.

1.90 percent increase

After this in the repo rate, all private and government banks have increased the interest rate on FD, giving its benefit to the customers. Apart from this, the interest rate of savings accounts has also been increased. This has also affected the interest rate of home loans, car loans and personal loans.

6.30 percent interest on FDs from one year to 599 days

According to the information given on the official website of PNB, the interest rate on FDs of 46 days to 90 days has increased by 75 bps. It has increased to 4.50 percent. Similarly, FDs of less than one year from 180 days will get an interest of 5.5 percent instead of 5 percent. For FDs of one year to 599 days, the interest rate has been increased by 60 bps. Now it has become 6.30 percent, earlier it was 5.70 percent.

Interest up to 7.80 percent for very senior citizens

Similarly, interest on FDs from two years to three years has been increased from 5.80 per cent to 6.25 per cent. After the latest hike, the interest rate for tenures ranging from three years to 10 years has increased to 6.10 per cent. Senior citizens will get 50 bps additional interest over the normal rate. They will get interest from 4 per cent to 7.50 per cent. Seniors who are really elderly will receive interest rates between 4.30 and 7.80 percent.

Earlier, on the occasion of Diwali, Punjab National Bank had introduced PNB 600 days FD scheme for the customers. Under this offer, bank customers were offered tremendous returns on FD. Under the PNB 600 days FD scheme, interest ranging from 6.50 to 7.30 per cent was offered to the customers. The information about this offer was tweeted by the bank. The PNB website has information about this deal as well.

Read More: Tax Saving Options: If you want to reduce your taxable income, add these 5 allowances right away.

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 YouTube                 Click Here
🔥 Facebook Page                 Click Here
🔥 Instagram                 Click Here
🔥 Telegram Channel                  Click Here
🔥 Google News                 Click Here
🔥 Twitter                 Click Here
spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Latest

X changed its monetization policy, Elon Musk made a big change

The social networking platform X has decided to modify its artists' monetization approach. Users will now be less reliant on adverts as a result...

New feature given in the KTM 250 Duke, comes for Rs 2.5 lakh

The KTM 250 Duke's latest version is on the market. The TFT LCD on the KTM 250 Duke is new. Along with this, LED...

Apple to launch iPad Mini 7 on this day! know the details before launch

The iPhone 16 series is the newest iPhone series that Apple has released. Apple released four phones in this series: the iPhone 16, iPhone...

EMI to remain expensive, RBI makes no changes in the repo rate

The burden of high EMI is not alleviated. The 6.50 percent policy rate has been sustained by the Reserve Bank of India. This declaration...

Assistant Professor Recruitment in Delhi University, this is the last date

An announcement for Recruitment has been made by Delhi University for the position of Assistant Professor. The University (DU) has made this position available...

Most Popular

Subscribe

* indicates required