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 percent interest is available on FD of 3 years to 5 years and 5.60 percent interest is available on FD of 5 years to 10 years.
Interest rates on short term deposits
Talking about short term bulk FD, PNB is offering 6% interest on FD of 15 to 29 days, 6% on FD of 30 to 45 days, 6.40% on FD of 46 to 60 days and 6.25% on FD of 61 days to 90 days. Are getting. The interest rate for fixed deposits of 91 days to 179 days is 6.50 percent and for 180 to 270 days the interest rate is 6.50 percent. 6.75% interest is being received on FDs ranging from 271 days to 1 year.
