Punjab National Bank has increased the interest rates on bulk FD. The highest interest is available on one year FD, the rates are 7 percent.
Bank FD: Public sector bank Punjab National Bank (PNB) has increased the interest rates of fixed deposits. The new rates have also come into effect. Although the bank has revised the interest rates of bulk FDs. FD rates of Rs 2 crore or more have been increased by 25 bps. Apart from this, PNB has also increased MCLR by 5bps.
Interest rates for long term deposits
The highest interest is available on one year FD, the rates are 7 percent. 6.50 percent on bulk FD of 2 years to 3 years. 6.25% interest is being received on FDs of 3 years to 5 years and 5.60% on FDs of 5 years to 10 years.
Interest rate on short term deposit
Talking about short term bulk FDs, PNB offers 6% interest on FDs of 15 to 29 days, 6% on FDs of 30 to 45 days, 6.40% on FDs of 46 to 60 days and 6.25% on FDs of 61 days to 90 days. Are getting. The interest rate for 91 days to 179 days fixed deposit is 6.50 per cent and for 180 to 270 days the interest rate is 6.50 per cent. 6.75 percent interest is being given on FD of 271 days to 1 year.
