Punjab National Bank has revised the interest rates on fixed tenure FDs for deposit scheme below Rs 2 crore.
PNB has increased interest rates on FDs of some periods (PNB Hikes FD Interest Rates) and reduced interest rates on FDs of some periods. PNB has made the new interest rates effective from 18 May 2023. Let us tell you that on the last day, Axis Bank has also cut interest rates on FDs of many periods.
Punjab National Bank increased the interest rates on these tenures
PNB has increased the interest rate for regular citizens by 45 bps from 6.80 per cent to 7.25 per cent on FDs maturing in 444 days. In the same period, the bank has increased the interest rate for senior citizens by 45 bps from 7.30 per cent to 7.75 per cent. At the same time, the bank has increased the interest rate for NRE customers on FDs of the same period by 45 bps from 6.80 per cent to 7.25 per cent.
PNB reduced interest rates on FDs of these periods
Punjab National Bank has cut interest rates for regular citizens and senior citizens and NI investors on FDs maturing in 666 days. The bank has reduced the interest on 666 days FD from 7.25 per cent to 7.05 per cent. On FDs of the same period, the bank has reduced the interest rate for senior citizens from 7.75 per cent to 7.55 per cent. At the same time, the bank has reduced the interest rate for NRE customers on FDs of the same period from 7.25 percent to 7.05 percent.
Axis Bank has also reduced FD interest rates.
Axis Bank has reduced fixed deposit interest rates (FD interest rates) by up to 20 basis points on deposits of less than Rs 2 crore. The new FD interest rates have been made effective from May 18, 2023. Axis Bank is offering interest rates ranging from 3.5 per cent to 7.10 per cent on FDs for tenures ranging from 7 days to 10 years.
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