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PNB Fixed Deposit (FD) Rates, 2021

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Date :18/04/2021

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CIBIL TERMS AND
CONDITIONS

To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building ,Unit No 1901 – 1905,
19th Floor, Tower 2A-2B, Jupiter Mill compound,
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Sub: Grant of Consent

Dear Sirs,

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Paisabazaar (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:

A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.

B. I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.

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F. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Paisabazaar authorizing Paisabazaar to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Paisabazaar to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Paisabazaar to obtain my Consumer Credit Information.

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H. By submitting this registration form, I understand that I am providing an express adhoc one-time written instructions for Paisabazaar to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Paisabazaar account. I further authorize Paisabazaar to retain a copy of my information for use in accordance with the terms of use of this service, Paisabazaar’s Terms of Use and Privacy Policy.

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Yours faithfully,
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Date :18/04/2021

CC:
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Paisabazaar Marketing and Consulting Private Limited

EQUIFAX TERMS AND
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I Mr./Ms. -------------------- ---------------------residing at ------------------------ ---------------------------------------- do hereby authorise Paisabazaar Team ,to do all acts on my behalf as may be necessary including to execute/sign application(s), make payment of applicable fees* and generally to all other acts as may be necessary to receive, on my behalf and at my request, my Credit Information Report (CIR) from Equifax Credit Information Services Private Limited("Equifax") at the following address/email id:

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Date : 18/04/2021

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

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Date :18/04/2021

CC:
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Paisabazaar Marketing and Consulting Private Limited

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YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM EXPERIAN.

YOU HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND PAISABAZAAR AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU HEREBY ALSO AGREE AND ACKNOWLEDGE THAT FOR PAISABAZAAR TO SERVICE YOU AS A CUSTOMER, THE CREDIT INFORMATION SHALL BE SHARED BY EXPERIAN WITH YOU AND PAISABAZAAR ON A MONTHLY BASIS. YOU FURTHER ALSO AGREE AND CONSENT TO RECEIVE SUCH CREDIT INFORMATION DIRECTLY FROM EXPERIAN AND ALSO THROUGH YOUR PAISABAZAAR ACCOUNT AS PER YOUR INDEPENDENT REGISTRATION WITH PAISABAZAAR.

Please read the Terms and Conditions of this document carefully before accepting. By clicking on the "I ACCEPT" button below, you are expressly agreeing to access the Experian Credit Information Report and Credit Score (as defined in the Important Information Section below) (together referred as "Credit Information") and share a copy of the Credit Information with Paisabazaar in the "as is" format. Please click on the link below to read and understand the Important Information section below.

** This document is an electronic record in terms of the Information Technology Act, 2000 and Rules made there under, and the amended provisions pertaining to electronic records.

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

PAISABAZAAR/ We/ Us can only access your Credit Information as your authorized representative and we shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from us on the Website. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

We shall protect and keep confidential the Credit information both online and offline and use best in class security measures in line with applicable laws. The Credit Information shared by You, or received on your behalf shall be destroyed, purged, erased promptly upon the earlier of: (i) your written request to terminate this relationship with Paisabazaar (ii) the completion of provision of the Services by us to you.

Governing Law and Jurisdiction The relationship between you and the Parties shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of [Mumbai].

Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
"Credit Information Report" means the credit information / scores / aggregates / variables or reports which shall be generated by Experian;
"Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
"CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
PLEASE READ THE ABOVE MENTIONED IMPORTANT INFORMATION AND CLICK ON "ACCEPT" FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH YOU AND PAISABAZAAR, IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
BY CLICKING "ACCEPT" YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN. THE TERMS AND CONDITIONS MENTIONED HEREIN MAY CHANGE IN ORDER TO COMPLY WITH GOVERNING LAWS OF THE COUNTRY AND THE CONSUMER SHALL BE BOUND TO ANY CHANGES TO THIS AGREEMENT

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Date : 18/04/2021

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :18/04/2021

CC:
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Paisabazaar Marketing and Consulting Private Limited

CRIF HIGH MARK TERMS
AND CONDITIONS

This End User Agreement (the "Agreement") is made between you (the "User" or "You") and Paisabazaar Marketing and Consulting Pvt Ltd ("PaisaBazaar"), a private limited company having its registered office at Plot No 119, Sector-44, Gurgaon-122001, Haryana ("PAISABAZAAR", "Us" or "We", which term shall include its successors and permitted assigns). The User and PAISABAZAAR shall be collectively referred to as the "Parties" and individually as a "Party".

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM CRIF HIGH MARK. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CRIF HIGH MARK CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS "CREDIT INFORMATION"). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CRIF HIGH MARK TO YOU AND PAISABAZAAR BY USING CRIF HIGH MARK TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU ALSO ACKNOWLEDGE THAT YOU SHALL NOT RAISE ANY CLAIM OR HOLD LIABLE CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED IN RELATION TO YOUR CREDIT INFORMATION REPORT AND CREDIT SCORE PROVIDED OR TO BE PROVIDED BY CRIF HIGH MARK TO PAISABAZAAR.

Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging PAISABAZAAR shall access your Credit Information as your authorized representative and PAISABAZAAR shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from PAISABAZAAR. PAISABAZAAR shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

The Parties agree to protect and keep confidential the Credit Information both online and offline. The Credit Information shared by you, or received on by us on your behalf shall be destroyed, purged, erased promptly upon request from the consumer or the consumer withdrawing the consent to retain such credit information / reports by deleting/deactivating the consumers account with Paisabazaar.

Governing Law and Jurisdiction Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
" Business Day" means a day (other than a public holiday) on which banks are open for general business in Gurgaon and Mumbai.
" Credit Information Report" means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by CRIF High Mark;
" Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by CRIF High Mark.
" CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
IN CASE THERE IS ANY DISCREPANCY OR INABILITY IN COMPLETION OF ONLINE AUTHENTICATION, PLEASE SUBMIT YOUR SELF ATTESTED KYC DOCUMENTATION IN SCANNED COPIES FOR SHARING OF YOUR CREDIT INFORMATION BY CRIF HIGH MARK WITH YOU AND PAISABAZAAR (YOUR AUTHORISED REPRESENTATIVE).
ONLINE SUBMISSION - DOES NOT REQUIRE SIGNATURE AND EXECUTION"

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Date :18/04/2021

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हिंदी में पढ़े
Updated: 08-04-2021 12:14:37 PM

Punjab National Bank or PNB provides a bunch of FD schemes to suit the varying needs of its customers. These schemes are classified based on factors like tenure, deposit amount, etc. The bank also provides a special fixed deposit scheme to provide financial aid to road accident victims. With security provided by the bank along with auxiliary services like premature withdrawal and overdraft facility, PNB FD rates provide investors with decent returns on their savings.

In addition to all these features, many banks also offer another feature, viz, credit card against FD. These cards are issued against your FD and are secured credit options. If you’re also looking for a credit card, click the banner below. 

Step Up Credit Card Paisabazaar

 

PNB Fixed Deposit Rates 2021
PNB NRI FD Interest Rates 2021
Features & Benefits of PNB FD Schemes (Domestic)
Types of FD Schemes Offered by Punjab National Bank
Who Should Invest in PNB Fixed Deposits?
PNB FD Calculator
PNB FD Premature Withdrawal Facility
Credit Card against FD – Read before breaking your FD
PNB Loan against FD
TDS Implication on PNB FD Schemes
Important Information Required to Open PNB Fixed Deposit
Frequently Asked Questions (FAQs)
PNB FD News

PNB Fixed Deposit Rates 2021

  • Domestic/NRO Term Deposit FD Rates
TenureRate of Interest (% p.a.)
Regular CitizensSenior Citizens
7 to 14 days3.00%3.50%
15 to 29 days3.00%3.50%
30 to 45 days3.00%3.50%
46 to 90 days3.25%3.75%
91 to 179 days4.00%4.50%
180 days to 270 Days4.40%4.90%
271 days to less than 1 year4.50%5.00%
1 year5.20%5.70%
Above 1 year and up to 2 years5.20%5.70%
Above 2 years and up to 3 years5.20%5.70%
Above 3 years and up to 5 years5.30%5.80%
Above 5 years and up to 10 years5.30%5.80%

Note: The Interest Rate applicable on Term Deposits of less than Rs. 2 Crores, for the maturity of more than 1 year, to all senior citizens will be 0.50% over and above the rate payable. (Interest Rates are effective from 1st January 2021)

  • Bulk Term Deposit FD Rates
TenureInterest Rates (% p.a.)
Regular Citizens
7 days to 14 days3.00%
15 days to 29 days3.00%
30 days to 45 days3.00%
46 days to 90 days3.00%
91 days to 179 days3.00%
180 days to 270 days3.10%
271 days to less than 1 year3.10%
1 year3.25%
Above 1 year and up to 2 years3.25%
Above 2 years and up to 3 years3.00%
Above 3 years and up to 5 years3.00%
Above 5 years and up to 10 years3.00%

Note: The above mentioned Punjab National Bank FD rates apply to bulk deposits worth Rs. 2 crores to Rs. 10 crores. Also, no preferential rates are provided to senior citizens when making bulk deposits. (The above-mentioned interest rates effective from 1st November 2020.)

  • PNB Tax Saver FD Rates
TenurePNB Tax Saver Fixed Deposit Rates
For General Public For Senior CitizensFor Staff MembersFor Retired Staff Members
5 years5.30%5.80%6.30%6.30%
Above 5 years to 10 years5.30%5.80%6.30%6.30%

The above-mentioned interest rates effective from 1st January 2021.

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PNB NRI FD Interest Rates 2021

  • NRE Fixed Deposit Rates
TenureNRE/NRO FD Rates (% p.a.)
Regular Citizens
1 year5.20%
Above 1 year and up to 2 years5.20%
Above 2 years and up to 3 years5.20%
Above 3 years and up to 5 years5.30%
Above 5 years and up to 10 years5.30%

Note: No senior citizen/staff additional benefits forwarded to applicants of NRE/NRO deposits. The minimum tenure for the NRE deposit is 1 year.  (Interest Rates are effective from 1st January 2021)

  • PNB FCNR Fixed Deposit Interest Rates
Currency/Tenure1 year to < 2 years 2 years to < 3 years 3 years to < 4 years 4 years to < 5 years 5 years only
USD*0.971.011.191.401.62
GBP*0.650.800.931.051.16
EUR*0.060.080.130.190.26
JPY0.070.080.100.120.14
CAD1.121.181.421.681.90
AUD0.65 0.720.871.151.42

Note: These interest rates are applicable only on fresh deposits and on renewal of deposits maturing on or after 1st March 2021.

Suggested Read: Types of PNB NRI FD Accounts

Features & Benefits of PNB FD Schemes (Domestic)

The Punjab National Bank provides a diverse bunch of fixed deposit schemes to accommodate needs of all domestic customers looking for a safe investment option to park their savings. Major features and benefits to be accrued from these fixed deposit schemes are stated below:

  • Tenure ranges from 7 days to 120 months across varied fixed deposit schemes
  • Preferential interest rates offered to senior citizens for deposits below Rs. 2 crores (Domestic/NRO/NRE Deposits)
  • Additional PNB FD interest rate offered to staff members
  • Individual/corporate residents of India along with HUFs and private and public limited companies can apply
  • Special FD accounts available for 333, 444 and 555 days with special FD rates
  • The premature withdrawal facility is available for most of the FD schemes
  • Deposits can be made for as low as Rs. 100
  • The facility of loan against FD is permitted in some of the domestic term deposit schemes
  • Tax Saver fixed deposit scheme provides customers to claim tax deductions for up to Rs. 1.5 lakh u/s 80C of the Income Tax Act, 1961 (premature withdrawals and loan/overdraft facility not available)

Types of FD Schemes Offered by Punjab National Bank

The following fixed deposit schemes are provided by the bank:

  • Anupam Term Deposit Scheme
  • Tax Saver Fixed Deposit Scheme
  • Sugam Plus Term Deposit Scheme
  • Uttam Term Deposit Scheme (Non-Callable)
  • Sugam Plus & PNB Uttam – 444 Deposit Scheme
  • Balika Shiksha FD Scheme
  • Capital Gain Account Scheme
  • Multi-Benefit Term Deposit Scheme
  • Special Term Deposit Scheme
  • Varshik Aay Yojna (VAY) Deposit Scheme
  • Ordinary Term Deposit Scheme
  • Floating Rate Fixed Deposit Scheme
  • PNB Mibor Linked Notice Deposit Scheme
  • Prospective Sr. Citizen Scheme
  • Annuity Term Deposit Scheme for Victims of Road Accidents

Suggested Read: PNB Fixed Deposit Schemes

Who Should Invest in PNB Fixed Deposits?

To save tax, you can opt for PNB Tax Saver FD Scheme. Your money (minimum Rs. 100) will be locked for 5 years minimum. The amount invested in this FD can be claimed for deductions u/s 80C of the Income Tax Act, 1961. You can save up to Rs. 1.5 lakh by investing in this scheme.For bulk deposits above Rs. 15 lakh – Rs. 10 crores, PNB Uttam – Non-Callable Deposit Scheme can be chosen. Higher interest rates will be offered.

If you’re looking to save for the education of a girl child, then PNB Balika Shiksha FD Scheme will suit your goals. It comes with a minimum deposit of Rs. 3,000. This can be taken only if the girl child is enrolled in 9th class of a State of Govt. school. She will be the beneficiary and will be able to withdraw money from this FD on attaining 18 years of age. Capital Gain Account Scheme will be helpful to you if you wish to save tax on your capital gains (proceeds from property, stocks, etc.). This FD cannot be opened jointly.

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PNB FD Calculator

FD Calculator is an online free tool available at Paisabazaar.com which can be used to determine the maturity amount that an investor should expect from fixed deposit schemes by Punjab National Bank. Details of the amount to be deposited and tenure is required along with the prevailing PNB FD rates. Please note that the amount calculated is only an estimate figure and should not be treated as the absolute amount.

Calculate Now

PNB FD Premature Withdrawal Facility

Customers are allowed to withdraw from their term deposits before completion of the deposit period. This facility is extended to most of the FD schemes by PNB except a few like the tax-saving fixed deposit scheme and Sugam Plus & PNB Uttam – 444 Deposit Scheme. Following aspects about premature withdrawal are noteworthy:

  • The penalty is levied upon exercising the facility (interest shall be paid at the applicable rate for the tenure for which deposit was kept with the bank minus 1%)
  • In case of withdrawal done for investment in other term deposit scheme shall not attract any penalty
  • In case of unfortunate death of the depositor, no penalty shall be charged

Credit Card against FD – Read before breaking your FD

Fixed deposits provide various benefits to customers. A credit card against FD is one such highly beneficial feature of a fixed deposit. It can help you keep your FD active while attending a financial emergency.

Paisabazaar has partnered with the SBM Bank (India) Ltd. to offer its customers an affordable credit option – Step Up Credit Card. To avail this secured credit card, you only need to open a fixed deposit of minimum Rs. 12,000 after which you will be offered the Step Up card.

Step Up Card

Click the banner above to get detailed information on Paisabazaar Step Up Credit Card and how it can help you in planning your finances while maintaining your credit score.

PNB Loan against FD

Investors can apply for a loan against FD in any of the branches of PNB. For this lien must be noted and signature is verified by the branch where FD is placed originally. Such loans can be taken against domestic term deposits as well as NRE deposits.

The loan can be applied as per the margins provided below:

  • Loan against PNB Domestic and NRE Deposits
Maturity Period Remaining at the time of loan applicationPercentage of loan that can be taken against the deposit amount
Up to 2 years95%
Above 2 years – 3 years92.5%
Above 3 years – 4 years90%
Above 4 years – 5 years88%
Above 5 years80%
Loan against 3rd party deposits
75%
  • Loan against PNB FCNR/NRO Deposits
Maturity Period Remaining at the time of loan applicationPercentage of loan that can be taken against the deposit amount
Up to 1 year95%
Above 1 year – 2 years92.5%
Above 2 years90%

Loan against 3rd party deposits

Up to 2 years80%
Above 2 years70%

Suggested Read: Punjab National Bank Loan against FD

TDS Implication on PNB FD Schemes

Domestic fixed deposits made with Punjab National Bank account to taxation as per the rules set under the Income Tax Act, 1961. The following are the important points to be considered:

  • A tax of 10% is deducted at source, i.e. by the bank aka TDS, before crediting the interest to the account of the depositor. This is deducted only if the interest income exceeds Rs. 40,000 in a financial year (Rs. 50,000 for senior citizens) applicable from Assessment Year 2020-21
  • However, if a person falls in the no-income-tax slab (annual income of below Rs. 2.5 lakh), he/she must submit Form 15G (15H for senior citizens) so that the bank does not exercise TDS
  • TDS @ 20% is deducted on non-submission of PAN (Permanent Account Number)
  • There is TDS of 30% for NRE and FCNR FD interest income
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Important Information Required to Open PNB Fixed Deposit

PNB Fixed Deposit Schemes- Who can apply?

Domestic fixed deposit schemes by Punjab National Bank can be applied by residents of India. These can be individuals, Hindu Undivided Families, Institutions, Public Sector Undertakings (PSUs), Corporate Bodies, etc.

Documents Required to Apply for PNB FD Schemes 

The following list of documents should be checked when applying for any of the above-stated fixed deposits schemes by PNB:

  • Application Form (duly filled-in and signed)
  • Photo ID proof (Aadhaar Card, Passport, Voter’s ID card, etc.)
  • Residence Proof (Passport, Aadhaar Card, utility bills, etc.)
  • Passport-sized photographs
  • PAN Card

Note: This is only an indicative list and should not be treated as an exhaustive one.

Frequently Asked Questions (FAQs)

What are the prevailing FD rates of PNB?

Currently, customers can earn up to 5.25% interest for deposits below Rs. 2 crore.

Are premature withdrawals allowed under NRE/NRO/FCNR deposits? 

Yes. Facility to prematurely withdraw deposits is available for NRE/NRO/FCNR deposits. Click here to check the details for the same.

Does PNB provide additional FD rates to senior citizens?

 Yes. Additional fixed deposit interest rates are applicable to @0.50% over the normal card rates.

Who can open a regular PNB FD scheme?

 All resident individuals, HUFs, sole proprietorship or partnership firms, corporate organizations, NRIs, etc. are eligible to avail the benefits of PNB fixed deposit schemes.

Is it necessary to provide a PAN card when applying for an FD scheme? Yes. On non-submission of PAN, the following implications have to be borne by the investor:

  • TDS deduction shall be at double the rate (20% instead of 10%)
  • TDS certificate shall not be issued
  • Form 15G/15H shall stand invalid
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PNB FD News

NB slices its FD s

01st October 2019
Punjab National Bank (PNB), a public sector lender, has slashed down its fixed deposit rates. The rates have been cut down from 10 bps to 25 bps on maturity periods ranging from 271 days to 10 years. There is no change in the PNB FD rates for tenure ranging from 7 days to 270 days. These changes were made on October 1st, 2019, and shall affect only the new investors. Earlier the bank revised its rates one month before, i.e. October 1st, 2019. Punjab National Bank Revises Fix
02nd September 2019
Punjab National Bank has again revised its fixed deposit interest rates with effect from 1st September 2019 across various maturities. The bank is now offering an interest rate of 4.50% for regular individuals and 5.00% for senior citizens on a maturity period of 7-14 days and 15-29 days for fixed deposits up to Rs. 2 crores. Moreover, the bank has lowered its interest rates by 0.25%.PNB Revises Fixed Deposit Interest Rate
s01st August 2019
PNB has revised interest rates on certain maturities with effect from 1st August 2019. The bank has also lowered interest rates by up to 0.50 basis points. The bank will provide 5% to regular individuals and 5.50% to senior citizens for a period of 7 to 14 days and 15-29 days. PNB has also increased interest rate to 6.5% to regular individuals and 7% to senior citizens for tenure above 3 years and up to 5 years. Senior Citizens can avail additional 50 bps across all maturities on domestic deposits of less than Rs.2 crore.

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