PNB FD rate has been increased on its 300-day fixed deposits. The interest rates have changed from 6.25% to 7.05%. The bank has revised within seven days of its previous revision. The FD interest rates decide a lot about the money you have kept there. Everyone wants to have more interest rates for a better return on FD. Different banks have different interest rates. We will share details about PNB’s FD rate’s recent revision below.
PNB FD Rate Increased to 7 per cent on the Fixed Deposit Of 300 Days
PNB (Punjab National Bank) has increased its interest rates for deposits of 300 days. It will now be 7.05%. The investors get 6.25% earlier. You get a higher percentage on deposits for 300 days rather than deposits for one year or less than 400 days. The bank provides 6.25% on deposits for 301 days to one year. It will provide 6.75% for deposits of one year. While the deposit for 400 days has the highest interest of 7.25%. The other banks, like SBI and HDFC, also made some revisions a few months ago. Let us look at the table below to understand PNB’s interest rates.
| Period | Updates Interest Rates |
| 91 to 179 Days | 4.50 |
| 180 to 270 Days | 6.00 |
| 271 Days to 299 Days | 6.25 |
| 300 Days | 7.05 |
| 301 Days to < 1 Year | 6.25 |
| 1 Year | 6.75 |
| > 1 Year to 399 Days | 6.80 |
| 400 Days | 7.25 |
| 401 Days to 2 Years | 6.80 |
| Above 2 years & up to 3 years | 7.00 |
| Above 3 years & up to 5 Years | 6.50 |
| Above 5 years & up to 10 years | 6.50 |
Other Banks FD Interest Rates
SBI: The bank will offer 6.80% on one-year deposits. It will give 7% on its deposits between 2 years to 3 years. The 400 days will have 7.10%.
HDFC: The bank will offer 6.6% on one-year deposits. It gives 7% on most of its long-term deposits. However, there is 7.10% on deposits between 15 months to < 18 months. It is 7.15% on deposits for 2 years 11 months – 35 Months.
ICICI Bank: The bank provides 6.7% of the interest on deposits from 1 year to 15 months.
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We hope you get a comparison for the interests on deposits near one year period in different banks. The PNB revision is in action from 8 January 2024. Keep reading more such updates on our website.