The Business Bytes
TBB BUREAU
NEW DELHI, SEPT 6, 2023
Punjab National Bank (PNB) has increased the interest rates on Domestic (Callable & Non-Callable) and NRO Term Deposit (Callable) by 25bps. These rates are applicable on deposits of Rs 2 crore to Rs 10 crore for the tenor of 271 days to less than one-year w.e.f. 01 September 2023.
On Domestic Term Deposits Callable and Non-Callable, customers will receive interest rates of 6.75 per cent p.a. (per annum) and 6.80 per cent p.a. respectively while on NRO Term Deposits (Callable), it will be 6.75 per cent p.a.
The interest rates for PNB UTTAM (non-callable) Fixed Deposit Scheme have also been increased. The interest rate for a single domestic term deposit (non-callable) above Rs 15 lakh that matures between 271 days to less than a year will be 6.80 per cent p.a.
New and existing customers of PNB can avail this scheme either in person by visiting the nearest PNB branch or online through internet banking facility or via the PNB ONE mobile app.
