With this, it is enough to have money in the Punjab National Bank account.. they will get high interest. Fixed deposits also earn high interest in the same way. PNB has increased the interest rate on savings accounts by 25 basis points and on fixed deposits by a maximum of 50 basis points. It varies depending on the tenure of the FD.
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Now let’s see what the interest rate hike is like. If the savings account balance is less than Rs.10 lakh, the annual interest rate on this will be the highest of 2.70 percent. If the amount is between Rs.10 lakh and Rs.100 crore, the interest rate for them is 2.75 percent. It has announced that the interest rate will be increased by 25 basis points for those who have more than Rs.100 crore in the savings account. As a result, it is currently 2.75 percent, but with the increased interest rate, it has reached 3 percent.
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Punjab National Bank has also increased interest rates on fixed deposits along with savings account interest rates. These vary from time to time. FDs maturing in 7 to 45 days will get 3.50 percent interest. Fixed deposits maturing in 46 to 179 days will get 4.50 percent interest. PNB fixed the interest rate on fixed deposits from 180 days to one year at 5.50 percent.
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The interest rate on fixed deposits maturing within 665 days from this year has been increased by 45 basis points. The total interest rate has been increased from 6.30 percent to 6.75 percent. Finally, the interest rate on FDs with maturities of two to three years has been increased by a maximum of 50 basis points from 6.25 percent to 6.75 percent.
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