Punjab National Bank Reduces FD Interest Rates

Punjab National Bank (PNB) has delivered a setback to its fixed deposit (FD) customers by reducing interest rates by 0.20%.

The new rates are effective from June 1, 2025, and apply to FDs of up to ₹3 crore. PNB offers fixed deposits ranging from 7 days to 10 years.

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New FD Interest Rates (For Deposits Below ₹3 Crore)

Here are the updated interest rates for both general public and senior citizens:

TenureGeneral PublicSenior Citizens
7 to 14 days3.50%4.00%
15 to 29 days3.50%4.00%
30 to 45 days3.50%4.00%
46 to 60 days4.50%5.00%
61 to 90 days4.50%5.00%
91 to 179 days5.50%6.00%
180 to 270 days6.00%6.50%
271 to 302 days6.25%6.95%
303 days6.15%7.00%
304 days to < 1 year6.25%6.50%
1 year6.70%7.20%
>1 year to 389 days6.70%7.20%
390 days6.90%7.40%
400 days7.10%7.60%
401 to 505 days6.80%7.30%
506 days6.60%7.10%
507 days to 2 years6.70%7.20%
>2 years to 3 years6.70%7.20%
>3 years to 1203 days6.50%7.00%
1204 days6.40%6.90%
1205 days to 5 years6.50%6.30% (likely an error, may need correction)
>5 years to 1894 days6.00%6.80%
1895 days5.85%6.65%
5 to 10 years6.00%6.80%

These revised rates apply to all new deposits and renewals from June 1, 2025.

Customers planning long-term FDs should compare tenures carefully, as some shorter periods offer better returns than longer ones.

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