PNB Update: Punjab National Bank (PNB) has again changed the interest rates of its fixed deposit (FD). This change has been made to the FDS of less than Rs 3 crore. The bank made a similar change in April 2025. This time, the bank has cut the interest rates by 25 basis points on FDS of a particular duration. The new rates have come into effect from May 1, 2025.
After the change in interest rates, Punjab National Bank is offering common citizens interest ranging from 3.50% to 7.10% on FD from 7 days to 10 years. The highest interest rate is 7.10% on an FD of 390 days.
What Rate For Whom?
PNB has reduced the interest rates on deposits of less than Rs 3 crore for common citizens. The interest rate on FDS of 180 to 270 days has been reduced from 6.25% to 6%. Similarly, the interest rate on FDS of 271 to 299 days has been reduced from 6.5% to 6.25%. The interest rate on FDS of 303 days has been reduced from 6.4% to 6.15%.
The interest rate on FD from 304 days to less than 1 year will now be 6.25% instead of 6.5%. The interest rate on 1 1-year FD has been reduced from 6.8% to 6.7%—rates for senior citizens. Senior citizens above 60 years and below 80 will get 50 basis points more interest on FD up to 5 years. They will get 80 basis points more interest on
FD Of More Than 5 Years.
This rule will apply to deposits of less than Rs 3 crore. Senior citizens will now get interest from 4.00% to 7.60%. At the same time, super senior citizens aged 80 years or more will get 80 basis points more interest on all types of FD. After the change, super senior citizens will get interest from 4.30% to 7.90%.
This Bank Also Made Changes
Bandhan Bank has also changed the interest rates on FDS less than Rs 3 crore. Now, this bank will give interest ranging from 3% to 7.75% to common citizens on FDS ranging from 7 days to 10 years. Senior citizens will get interest ranging from 3.75% to 8.25%. The highest interest rate of 7.75% and 8.25% is given on a one-year FD. The new rates have come into effect from May 1, 2025.
