Pnb fd interest rates 2023

Banks have been offering attractive fixed deposit (FDs) schemes ever since the Reserve Bank of India (RBI) started revising its repo rate since May 2022 to tame inflation rates after the pandemic period. Ever since RBI revised its repo rate (four times in 2022), most banks, public, private, and small finance banks, have followed the trend and tweaked their interest rates. Since May, the RBI has increased the repo rate by 225 basis points to 6.25 per cent. Talking about investment trends in 2023, many experts have said that fixed deposits may see more investors this year as RBI expected to revise its repo rate again in the February 2023 meeting. The experts have also mentioned that due to the tepid performance of equity funds in recent months, many investors are looking toward FD schemes rather than equity funds.  Leading private sector bank Axis Bank has recently revised its interest rates on fixed deposits of less than Rs 2 crore. The revised rates are effective from January 10, 2023.  After the revision, the bank is now offering interest rates from 3.5 per cent to 7.00 per cent for general investors and 3.5 per cent to 7.75 per cent for senior citizens, investors above 60 years, for schemes maturing between 7 days and 10 years.  It is offering a special fixed deposit rate of 7.26 per cent for a deposit scheme maturing in 2 years to 30 months. For the same scheme, senior citizen investors can earn an interest rate of 8.01 per cent. 2. Bank of India Public sector lend...

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: 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. For deposits maturing above 2 years and up to 3 years, the bank has hiked the interest rate by 25 bps. While the general customers will get 7 per cent return, senior citizens and super senior citizens will earn 7.5 per cent and 7.8 per cent returns, respectively. (Disclaimer: These are indicative prices collected from trusted sources. Investors are recommended to check prices with their jeweller before investing/purchasing.) Get Latest Business News, Stock Market Updates and Videos; Chec...

PARAMETERS FEATURES* Eligibility Individual (singly or jointly) with others Minor who have attained the age of 10 years and above in his own name on giving proof of age Proprietorship/Partnership Firm, Commercial Organization, Company /Corporate Body Hindu Undivided Family Association, Club, Society, Trust or Religious/Charitable or Educational Institutions Municipality or Panchayat, Government or Quasi-Government Body Deposit Amount Minimum deposit of Rs.1000/- or in multiple thereof. However, acceptance of FDRs of above Rs.10 crore shall be strictly subject to approval by Treasury Division, HO. Period of Deposit From 07 days to maximum 10 years, even for incomplete quarters. Issue of confirmation of Deposit As the rate of interest payable on the FD made under the ‘scheme’ may change during the currency of FD, the rate of interest payable till the maturity of FD and maturity value cannot be pre calculated. However, rate of interest and maturity value as per the relevant rate applicable on the date of making the FD will be mentioned in the field meant for the purposes in the confirmation of deposit, with explanatory note “Subject to change in the rate of interest from time to time during currency of the FD”. A rubber stamp bearing the name of the scheme and explanatory note stated above be invariably affixed on the confirmation of deposit. Demand Loan/Overdraft facility Depositors will be eligible for taking Demand Loan/Overdraft facility, as per bank scheme, against the F...

Knowing the fixed deposit rate of interest in PNB will give better choices when making certain investments. Not all funds are meant for investment in stocks and shares markets. A certain amount of funds saved as Fixed Deposits is good as it can be used in emergencies. Besides it gives a higher interest rate than the savings rate and having FD is considered one of the best liquid funds you can have. Punjab and National Bank offer a range of domestic term deposits that can be opened for a period of 7 days to 120 days. For the general public, the interest rates on these FDs are in the range of 3.5 percent to 7.25 percent per annum. If you are looking for a fixed deposit rate of interest in PNB, this page will let you understand them properly and let you decide which tenure is the best one for you. We have compiled the PNB fixed deposit interest rates 2023 for reference. The below rates are effective from 20.02.2023 PNB Fixed Deposit Interest Rates of Amount below ₹2 Crores PNB interest rates for fixed deposits may come in two categories. FD rates of amounts below ₹2 crores and FD rates of amounts ₹2 crores and above. You may also find, the domestic non-callable term deposit rates of amounts ₹15 lakhs and above. Senior Citizens and Super Senior Citizens get additional benefits of higher interest rates. Senior citizens are that category of people whose age is between 60 years to 80 years and Super Senior citizens are those people who is beyond 80 years of age. Both the group of...