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Government Bank Punjab National Bank has increased the interest rate on FD (Fixed Deposit). The new rates are Rs. 2 crore is for FDs below. According to the information provided by the bank, the new fixed deposit (FD rates) rates will be applicable from November 1, 2023. Let’s know the FD rates in detail –
How interested are ordinary citizens?
Punjab National Bank will offer 3.05 percent to 7.25 percent interest on 7 day to 10 year FD to general citizens. The bank is offering the highest interest rate of 7.25 percent on 444 day FD. Let us tell you that Punjab National Bank has fixed 6 percent interest rate for 180 days to 270 days FD. Earlier it was 5.50 percent. At the same time, the new rate on FDs of 271 days to less than 1 year has been increased to 6.25 percent instead of 5.80 percent.
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What is the interest rate for senior citizens?
For senior citizens, the interest rate on FDs from 7 days to 10 years has been fixed at 4 percent to 7.75 percent. At the same time, the bank is offering maximum interest of 7.75 percent on 444 day FD to senior citizens. Let us tell you that these rates will be applicable for people aged 60 years to less than 80 years.
What will be the interest rate for super senior citizens?
The bank is offering interest rates ranging from 4.30 percent to 8.05 percent on FDs of 7 days to 10 years to super senior citizens. The highest interest rate on 444 day FD is 8.05 percent. Let us tell you that Super Citizen means people aged 80 years or more.