PNB Revises Fixed Deposit Interest Rates From This Month: All You Need To Know ndtv.com

Punjab National Bank (PNB) has revised its fixed deposit (FD) interest rates with effect from October 1, 2019. PNB has lowered the interest rates by up to 0.25 percentage point (25 basis points) on select maturities, according to the public sector lender's website — pnbindia.in. On fixed deposits up to Rs. 2 crore of a maturity period of between 271 days and 1 year, PNB now offers an interest rate of 6 per cent to the general public and 6.5 per cent to senior citizens. Previously, the bank paid interest rates of 6.25 per cent and 6.75 per cent to the general public and senior citizens respectively on FDs of this term.
After the revision, PNB now pays interest to the tune of 6.5 per cent to the general public and 7 per cent to senior citizens on fixed deposits of a one-year term, according to its website.