Punjab National Bank PNB FD Interest Rates 2024: All Types Of FD in PNB
Punjab National Bank PNB FD Interest Rates 2024: All Types Of FD in PNB
News: In today’s financial landscape, fixed deposits (FDs) remain a popular choice for individuals seeking stable returns on their savings. Punjab National Bank (PNB), one of India’s leading public sector banks, offers a range of FD options to cater to different needs. Let’s delve into the details of PNB’s FD interest rates for 2024.
Types of Fixed Deposits in PNB
PNB provides various FD schemes, each tailored to specific requirements. Here are the key types:
Savings Fund Account:
- Interest Rate: 2.90% p.a.
- This account is suitable for those who want liquidity while earning a modest interest.
Domestic Term Deposit:
- Tenure ranges from 7 days to 10 years.
- Interest rates vary based on the deposit period.
- Senior citizens enjoy an additional 0.75% p.a.
PNB Uttam (Non-Callable) Fixed Deposit Scheme
For deposits above Rs. 1 Crore to less than Rs. 2 Crore: Offers competitive rates for high-value deposits.
Interest Rates for Domestic Term Deposits (Below Rs. 2 Crore)
Here’s a summary of the interest rates for domestic term deposits:
| Tenure | Interest Rate (p.a.) |
|---|---|
| 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 | 6.25% |
| 301 Days to < 1 Year | 6.25% |
| 1 Year | 6.75% |
| Above 1 Year | Varies |
Senior Citizens and Super Senior Citizens
- Senior citizens receive higher interest rates across all tenures.
- Super senior citizens (above 80 years) enjoy even better rates.
Before investing, consider your financial goals, risk tolerance, and liquidity needs. PNB’s FDs offer stability and predictable returns, making them a reliable choice for conservative investors. Remember to check the latest rates and choose the tenure that aligns with your financial planning.
FAQs
1. What are the interest rates applicable to PNB’s domestic and NRO deposits below Rs 2 crore?
For domestic and NRO deposits below Rs 2 crore, PNB provides a range of interest rates tailored to various tenures and customer categories. For precise details, it is advised to consult the current FD rates.
2. Is it possible for NRIs to invest in PNB’s fixed deposits?
Certainly! PNB accommodates the financial objectives of non-resident Indians (NRIs) through enticing Non-Resident External (NRE) FD rates. These rates are specifically crafted to offer secure investment avenues for NRIs.
3. How do I go about investing in a PNB FD?
Investing in a PNB FD is straightforward. You can initiate the process through Internet Banking, the Mobile App, or by visiting the nearest PNB Bank branch. Each method involves a simple procedure, ensuring a smooth and hassle-free investing experience.
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