PNB New FD Interest Rates: PNB has increased the fixed deposit rates, know the details of the new rates here.

Before Diwali, public sector Punjab National Bank has given a big gift to its customers. In fact, certain tenure fixed deposits of PNB will now yield more interest than before. The bank has increased the interest rates on these FDs by half percent! This benefit will be available to common people, senior and very senior citizens on deposits less than Rs 2 crore. These new FD rates have come into effect from November 1!

PNB New FD Interest Rates

PNB New FD Interest Rates

Punjab National Bank has increased the interest on FD of 180 days to 270 days from 5.50 percent to 6 percent for the general public. For the general public, the interest on fixed deposits of tenure between 271 days to less than 1 year has been reduced to 6.25 percent.

PNB New FD Interest Rates FD Rates (less than Rs 2 crore)

  • 7 days to 14 days: For general public – 3.50 percent; For senior citizens – 4.00 percent
  • 15 days to 29 days: For general public – 3.50 percent; For senior citizens – 4.00 percent
  • 30 days to 45 days: For general public – 3.50 percent; For senior citizens – 4.00 percent
  • 46 days to 90 days: For general public – 4.50 percent; For senior citizens – 5.00 percent
  • 91 days to 179 days: For general public – 4.50 percent; For senior citizens – 5.00 percent
  • 180 days to 270 days: For general public – 6 percent; For senior citizens – 6.50 percent
  • 271 days to less than 1 year: For general public – 6.25 percent; For senior citizens – 6.75 percent
  • 1st year: For general public – 6.75 percent; For senior citizens – 7.25 percent
  • More than 1 year to 443 days: For general public – 6.80 percent; For senior citizens – 7.30 percent
  • 444 days: For general public – 7.25 percent; For senior citizens – 7.75 percent
  • 445 to 665 days: For general public – 6.80 percent; For senior citizens – 7.30 percent
  • 666 days: For general public – 7.05 percent; For senior citizens – 7.55 percent
  • 667 days to 2 years: For general public – 6.80 percent; For senior citizens – 7.30 percent
  • Above 2 years to 3 years: For general public – 7.00 percent; For senior citizens – 7.50 percent
  • Above 3 years to 5 years: For general public – 6.50 percent; For senior citizens – 7.00 percent
  • From 5 years to 10 years: For general public – 6.50 percent; For senior citizens – 7.30 percent

Tax saving on 5 year FD

Deduction can be claimed under section 80C on 5 year FD. However, the interest received from Fixed Deposit is taxable. In this, tax can be saved on investment up to a maximum of Rs 1.5 lakh in a financial year. Punjab National Bank: It has a lock in period of 5 years. This period can extend up to 10 years.

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