FD is a very good option for investment. Many investors like to invest in this. Actually, there is no risk in FD. In such a situation, banks keep revising their interest rates from time to time. Even before the beginning of the year 2024, many banks have revised the interest rates of FD.
Punjab National Bank (PNB) has revised FD interest rates twice in January. Earlier, the bank had revised the interest rates on January 1. On January 1, the bank had increased FD rates by 45 basis points. At the same time, for the second time, it has been increased by 80 basis points. The interest rate on FD with a tenure of 300 days has been increased from 6.25 percent to 7.05 percent.
Latest FD rates of PNB for general citizens
General citizens get interest rates ranging from 3.5 percent to 7.25 percent on FDs with a tenure of 7 days to 10 years. Similarly, the rates of other tenure FDs have also been updated.
FD Tenure Interest Rate (Percentage)
7 to 14 days 3.50%
15 to 29 days 3.50%
30 to 45 days 3.50%
46 to 60 days 4.50%
61 to 90 days 4.50%
91 to 179 days 4.50%
180 to 270 days 6.00%
271 days to 299 days 6.25%
300 days 7.05%
301 days to less than 1 year 6.25%
1 year 6.75%
Less than 1 year to 399 days 6.80%
400 days 7.25%
401 days to 2 years 6.80%
More than 2 years to 3 years 7.00%
From 3 years to more than 5 years 6.50%
6.50% for more than 5 years to 10 years
Latest FD rates of PNB for senior citizens
After the latest interest rate of PNB, PNB offers interest ranging from 4.3 percent to 8.05 percent on FD of 7 days to 10 years.
On January 2, Punjab National Bank said it had recorded a 13.5 percent growth in advance payments for the December quarter. This is a total of Rs 9.72 lakh crore. PNB said in a regulatory filing that total advances stood at Rs 8.56 lakh crore at the end of the third quarter of the last financial year.
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