New fixed deposit rates for regular citizens
The updated rates for fixed deposits (FDs) for regular citizens range from 3.50% to 7.25%, depending on the deposit term.These rates represent a slight decrease from previous levels, reflecting a reduction of up to 15 basis points (bps) for some terms.
PNB FD rates for general citizens
| Sl. No | Period | Existing Rates For Public W.E.F. 08.01.2024 | Revised Rates For Public W.E.F. 12.04.2024 |
| 1 | 7 to 14 Days | 3.5 | 3.5 |
| 2 | 15 to 29 Days | 3.5 | 3.5 |
| 3 | 30 to 45 Days | 3.5 | 3.5 |
| 4 | 46 to 60 Days | 4.5 | 4.5 |
| 5 | 61 to 90 Days | 4.5 | 4.5 |
| 6 | 91 to 179 Days | 4.5 | 4.5 |
| 7 | 180 to 270 Days | 6 | 6 |
| 8 | 271 Days to 299 Days | 6.25 | 6.25 |
| 9 | 300 Days | 6.25 | 7.05 |
| 10 | 301 Days to < 1 Year | 6.25 | 6.25 |
| 11 | 1 Year | 6.75 | 6.75 |
| 12 | > 1 Year to 399 days | 6.8 | 6.8 |
| 13 | 400 Days | 7.25 | 7.25 |
| 14 | 401 Days to 2 Years | 6.8 | 6.8 |
| 15 | > 2 years to 3 years | 7 | 7 |
| 16 | > 3 years to 1203 days | 6.5 | 6.5 |
| 17 | 1204 days** | 6.5 | 6.4 |
| 18 | 1205 days to 5 years | 6.5 | 6.5 |
| 19 | > 5 years to 1894 days | 6.5 | 6.5 |
| 20 | 1895 days** | 6.5 | 6.35 |
| 21 | 1896 days to 10 years | 6.5 | 6.5 |
ALSO READ | Senior Citizens Savings Scheme vs Bank FDs: Interest rates, tax benefits, and deposit limits compared
FD interest rate for senior citizens
| Sl. No | Period | *Existing Rates For Senior Citizens W.E.F. 08.01.2024 | *Revised Rates For Senior Citizens W.E.F. 12.04.2024 |
| 1 | 7 to 14 Days | 4 | 4 |
| 2 | 15 to 29 Days | 4 | 4 |
| 3 | 30 to 45 Days | 4 | 4 |
| 4 | 46 to 60 Days | 5 | 5 |
| 5 | 61 to 90 Days | 5 | 5 |
| 6 | 91 to 179 Days | 5 | 5 |
| 7 | 180 to 270 Days | 6.5 | 6.5 |
| 8 | 271 Days to 299 Days | 6.75 | 6.75 |
| 9 | 300 Days | 6.75 | 7.55 |
| 10 | 301 Days to < 1 Year | 6.75 | 6.75 |
| 11 | 1 Year | 7.25 | 7.25 |
| 12 | > 1 Year to 399 days | 7.3 | 7.3 |
| 13 | 400 Days | 7.75 | 7.75 |
| 14 | 401 Days to 2 Years | 7.3 | 7.3 |
| 15 | > 2 years to 3 years | 7.5 | 7.5 |
| 16 | > 3 years to 1203 days | 7 | 7 |
| 17 | 1204 days** | 7 | 6.9 |
| 18 | 1205 days to 5 years | 7 | 7 |
| 19 | > 5 years to 1894 days | 7.3 | 7.3 |
| 20 | 1895 days** | 7.3 | 7.15 |
| 21 | 1896 days to 10 years | 7.3 | 7.3 |
FD interest rate for super senior citizens
| Sl. No | Period | #Existing Rates For Super Senior Citizens W.E.F. 08.01.2024 | #Revised Rates For Super Senior Citizens W.E.F. 12.04.2024 |
| 1 | 7 to 14 Days | 4.3 | 4.3 |
| 2 | 15 to 29 Days | 4.3 | 4.3 |
| 3 | 30 to 45 Days | 4.3 | 4.3 |
| 4 | 46 to 60 Days | 5.3 | 5.3 |
| 5 | 61 to 90 Days | 5.3 | 5.3 |
| 6 | 91 to 179 Days | 5.3 | 5.3 |
| 7 | 180 to 270 Days | 6.8 | 6.8 |
| 8 | 271 Days to 299 Days | 7.05 | 7.05 |
| 9 | 300 Days | 7.05 | 7.85 |
| 10 | 301 Days to < 1 Year | 7.05 | 7.05 |
| 11 | 1 Year | 7.55 | 7.55 |
| 12 | > 1 Year to 399 days | 7.6 | 7.6 |
| 13 | 400 Days | 8.05 | 8.05 |
| 14 | 401 Days to 2 Years | 7.6 | 7.6 |
| 15 | > 2 years to 3 years | 7.8 | 7.8 |
| 16 | > 3 years to 1203 days | 7.3 | 7.3 |
| 17 | 1204 days** | 7.3 | 7.2 |
| 18 | 1205 days to 5 years | 7.3 | 7.3 |
| 19 | > 5 years to 1894 days | 7.3 | 7.3 |
| 20 | 1895 days** | 7.3 | 7.15 |
| 21 | 1896 days to 10 years | 7.3 | 7.3 |
ALSO READ | 5 Money changes in May 2024: New savings account fees, credit card rules for major banks, FD deadlines and more
Special rates for senior citizens
Senior citizens, defined as those between 60 and 80 years of age, receive interest rates ranging from 4% to 7.75%. Meanwhile, super senior citizens (those aged 80 and above) are offered rates from 4.30% to 8.05%.
Notable FD schemes
PNB has two specific FD schemes designed to commemorate the bank’s foundation day, the PNB Palaash scheme. The 1204-day term rate has been reduced by 10 bps, and the 1895-day term has been reduced by 15 bps.
Important consideration
It’s important to note that the additional interest rate benefit for senior citizens does not apply to Non-Resident Ordinary (NRO) deposits.
