Punjab National Bank Increases Interest Rates On Saving And FD accounts

Punjab National Bank (PNB), nation’s leading public sector bank, welcomes its customers in the new year by increasing interest rates on saving deposit by 25 BPS and fixed deposit accounts below 2cr by 50 BPS. The bank made the rates applicable from 1st of January 2023.

Fixed Deposits

Product Period Public Senior Citizens Super Senior Citizens
Term Deposit On Single Domestic Term Deposits
1 year

1 year to 665 days
667 days to 2 years
2years to 3 years 6.75% p.a.
(6.25 +0.50) 7.25% p.a.
(6.75 + 0.50) 7.55% p.a.
(7.05 + 0.50)

On Single NRO and NRE Term Deposits upto 2 Cr
1 year

1 year to 665 days
667 days to 2 years
2years to 3 years 6.75% p.a.
(6.25 +0.50) 6.75% p.a.
(6.25 +0.50) 6.75% p.a.
(6.25 +0.50)

PNB Uttam Scheme*
1 year

1 year to 665 days
667 days to 2 years
2years to 3 years 6.80% p.a.
(6.30 +0.50) 7.30% p.a.
(6.80 +0.50) 7.60% p.a.
(7.10 +0.50)
*With No premature withdrawal option

Savings Deposit Public
Saving Fund Account Balance of Rs.100 Crore & above 3.00% p.a.
(2.75 +0.25)

Apart from the revised interest rates, PNB will continue to offer attractive interest rates 8.10%* p.a. for fixed deposit period 666 days.