Interest rate on 2 to 3 year term deposits
The interest rate on fixed deposits maturing in 665 days from one year was increased by 0.05 per cent to 6.80 per cent. Similarly, the interest rate on fixed deposits of 667 days and two years will be increased by 0.05% to 6.80%. Also, the rate of fixed deposits maturing between two years to ten years has increased by 0.25 percent from 6.75% to 7%.
Interest Rate on Fixed Deposits for Senior Citizens
PNB has increased the interest rate by 0.30 percent to 6.30 percent from 6% for senior citizens with tenor of 271 days to less than one year. The bank has increased the interest rate on term deposits of one year and 665 days by 0.05 per cent to 7.30 per cent. Meanwhile, the interest rate on fixed deposits maturing in 667 days and two years was increased by 0.05 percentage points to 7.30%. Also, the interest rate on term deposits from two years to three years has been increased from 7.25% to 7.50%.
Interest rates on FDs for super senior citizens
For senior citizens, the bank increased the interest rate on fixed deposits of 271 days to less than one year from 6.30% to 6.60% i.e. by 0.30 percentage points. The bank increased the deposit rate by 0.05 per cent to 7.60 per cent for 665 days for one year and 667 days to two years and the bank increased the interest rate on FDs of more than two years and up to 3 years from 7.55% to 7.80%. Note that the age group for super senior citizens is 60 to 80 years.