The new interest rates are effective from July 4, 2022, according to the PNB website.
PNB fixed deposit interest rates
PNB has raised the interest rate of one to two year FDs by 10 basis points to 5.30 percent. On deposits having a duration of more than two years and up to three years, the bank will now offer an interest rate of 5.50 percent, an increase of 20 basis points.
Earlier, the bank had revised FD interest rates on various tenors with effect from June 14, 2022.
Senior citizens FD interest rate
For all maturities on domestic deposits under Rs 2 crore, senior persons will receive an additional 50 basis points over the applicable card rates, according to the bank’s website. Employees and retired employees who are also senior citizens are eligible for a maximum rate of interest of 150 bps over the applicable card rate.