This initiative offers interest rate concession of 5 basis points and does not charge any fees for documentation and loan processing. Customers can apply for car loans under this. Punjab national bank (pnb), india’s leading public sector bank, has revised its fixed deposit (fd) rates for general and senior citizens both, effective august 1, 2024.
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The new fd interest rates are effective. Pnb is now offering 5.8 per cent return on fds for 271 days to less than 1 year. Punjab national bank (pnb) has raised its interest rates for fixed deposits (fd) by up to 25 basis points for amounts up to rs 3 crore.
Following a significant 50 basis points repo rate cut by the rbi, punjab national bank has reduced its lending rates by up to 50 basis points, effective june 9, 2025.
Ppf interest rate is set by the government every quarter and remains the same whether you open a ppf account with a post office or any bank. Earlier, the interest rate on fds of same tenor was 5.5 per cent. For senior citizens, the bank.
