PNB FD interest rate 2023: Get up to 7.8% return on fixed deposit
PNB FD Interest Rate 2023: According to the banks official website, the increase FD rates are applicable from today, February 20.
PNB FD Interest Rate 2023: Punjab National Bank (PNB) has hiked the fixed deposit interest rate by 30 basis points (bps) for certain tenors. According to the bank's official website, the increase FD rates are applicable from today, February 20.
Also Read: 4 tips to repay your Credit Card debt faster
The public sector bank's decision to hike FD interest rate follows the Reserve Bank of India's (RBI) move to hike the benchmark lending rate -- repo rate by 25 basis points to 6.50 per cent.
PNB is now offering 5.8 per cent return on FDs for 271 days to less than 1 year. Earlier, the interest rate on FDs of same tenor was 5.5 per cent. For senior citizens, the bank has hiked the interest rate from 6 per cent to 6.3 per cent on FDs of 271 days to less than 1 year. For super senior citizens, the government-owned bank has declared offering 6.6 per cent return.
The bank is providing an interest rate of 6.8 per cent to the general customer if they invest for a year up to 665 days. For the same period, senior citizens will get 7.3 per cent return while super senior citizens will earn 7.6 per cent return.
Also Read: Layoffs in 2023: How to manage your finances amid job cuts
For a period of 667 days to 2 years, PNB is offering an interest rate of 6.8 per cent to the general public, 7.3 per cent to senior citizens and 7.6 per cent to super senior citizens.
Click here to get more stock market updates I Zee Business Live
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.