Punjab National Bank (PNB) has launched a special fixed deposit scheme for 600 days, offering a higher interest rate up to 7.85% per annum. This special rate of interest scheme has come to effect from October 19, 2022. The scheme is applicable on single deposit term deposits below Rs 2 crore for senior (60 years and above) and super senior citizens (80 years and above).
Bank's domestic term deposit of 600 days (callable) offers 7% interest rates and 600 days (non-callable) yields 7.05% per annum. Non-callable deposits are those with no option of premature withdrawal. For senior and super senior citizens, the rates range from 7.50-7.85%.
PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.
