Punjab National Bank (PNB) Revises FD Rates, Implements Rate Cuts of up to 15bps
Punjab National Bank (PNB), one of India's leading public sector banks, has recently announced a revision in its fixed deposit (FD rates) interest rates. The bank has implemented rate cuts of up to 15 basis points (bps) across various tenures. This move comes as a response to the evolving market conditions and aims to align the bank's offerings with the prevailing interest rate environment. Let's delve deeper into the revised FD rates offered by PNB.
Revised FD Rates:
Effective from April 12, 2024, PNB has adjusted its FD interest rates for different categories of depositors. The revised rates are as follows:
Regular Citizens:
For regular citizens, PNB now offers FD interest rates ranging from 3.50% to 7.25%. The rates vary based on the tenure of the fixed deposit.
Senior Citize...