PNB revises fixed deposit (FD) rates. Check out the latest rates here1 min read . Updated: 01 Jul 2019, 05:12 PM IST
- Senior citizens will continue to get an additional rate of interest of 0.5% on their deposits
- Earlier, top banks like ICICI, Axis and HDFC had initiated deposit cuts between 0.10% and 0.25% in the middle of June
Punjab National Bank (PNB) has revised interest rates on fixed deposits on select maturities with effect from today (1 July). The bank has lowered the interest rate on maturities with tenures of 7 to 14 days and 15 to 29 days, according to the banks' website. The bank is offering 5.5% interest rate to general customers and 6% to senior citizens for 7- 14 and 15-29 days. Earlier the bank was offering 5.75% interest rate on FDs of up to ₹2 crore for maturity periods between 7-45 days.
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