PNB Revises Interest Rates On Term Deposits W.E.F. June 14, 2022: Check New Rates

India's leading public sector bank Punjab National Bank has revised its interest rates on fixed deposits beginning from June 14, 2022. The bank has revised rate of interest on single domestic / NRO / NRE term deposits (td) up to Rs.10 cr. (callable) for both general and senior citizens starting from June 14. The bank has also revised interest rates on "PNB Uttam Fixed Deposit Scheme" (Non-Callable) @ with effect From 14.06.2022 (for deposit above 15 Lakh).

Earlier, Reserve Bank of India's MPC meet increased policy repo rate by 50 basis points to 4.90% on June 8, 2022. After RBI's hike, many banks revised interest rates on FDs.

According to PNB's official website, "Senior citizens shall get an additional rate of interest of 50 bps over applicable card rates for all maturities on domestic deposits of less than Rs. 2 Crore. In case of staff members as well as retired staff members who are also Senior Citizens, maximum rate of interest to be allowed over applicable card rate shall be 150 bps except in case of PNB Tax Saver Fixed depost scheme, where the maximum rate of interest to be allowed over applicable card rate is 100 bps."
Check the new rates below:

"PNB UTTAM FIXED DEPOSIT SCHEME" (Non-Callable) @ With Effect From 14.06.2022 (For Deposit Above 15 Lakh)

	Domestic TD More Than Rs 15 Lakh To Less Than Rs.2cr W.E.F. 14.06.2022
Period	ROI (% p.a.)	A.Y.*
91 to 179 days	4.05	4.05
180 days to 270 Days	4.55	4.58
271 days to less than 1 year	4.55	4.6
1 year	5.25	5.35
above 1 year & upto 2 years	5.25	5.35
above 2 year & upto 3 years	5.35	5.61
above 3 year & upto 5 years	5.55	5.99
above 5 years & upto 10 years	5.65	6.48
1111 days	5.55	5.99

"PNB UTTAM FIXED DEPOSIT SCHEME" (Non-Callable) @ With Effect From 14.06.2022 (For Deposit Above 15 Lakh)

	Domestic TD Rs.2 Cr. To Rs 10 Cr. W.E.F. 14.06.2022
Period	ROI (% p.a.)	A.Y.*
91 to 179 days	5.05	5.05
180 days to 270 Days	5.05	5.08
271 days to less than 1 year	5.05	5.11
1 year	5.25	5.35
above 1 year & upto 2 years	5.25	5.35
above 2 year & upto 3 years	5.35	5.61
above 3 year & upto 5 years	5.55	5.99
above 5 years & upto 10 years	5.65	6.48

Rate Of Interest On Single Domestic / NRO / NRE Term Deposits (TD) Up To Rs.10 Cr. (Callable)

		Domestic/NRO $ TD Less Than Rs.2 Cr.			Domestic/NRO $ TD Rs. 2 Cr To Rs. 10 Cr.#		NRE TD $ Less Than Rs.2 Cr.	NRE TD $ Rs.2 Cr. To Rs. 10 Cr.	PNB Tax Saver FD
		W.E.F. 14.06.2022			W.E.F. 14.06.2022		W.E.F. 14.06.2022	W.E.F. 14.06.2022
Sl. No	Period	ROI (% p.a.)	A.Y.*	For Senior Citizen ROI (% p.a.)**	ROI (% p.a.)	A.Y.*	ROI (% p.a.)	ROI (% p.a.)	ROI (% p.a.)
1	7 to 14 days	3	3	3.5	4.5	4.5	NA	NA	NA
2	15 to 29days	3	3	3.5	4.5	4.5	NA	NA	NA
3	30 to 45 days	3	3	3.5	4.5	4.5	NA	NA	NA
4	46 to 90 days	3.25	3.25	3.75	4.5	4.5	NA	NA	NA
5	91 to 179 days	4	4	4.5	5	5	NA	NA	NA
6	180 days to 270 Days	4.5	4.53	5	5	5.03	NA	NA	NA
7	271 days to less than 1 year	4.5	4.55	5	5	5.06	NA	NA	NA
8	1 year	5.2	5.3	5.7	5.2	5.3	5.2	5.2	NA
9	above 1 year & upto 2 years	5.2	5.3	5.7	5.2	5.3	5.2	5.2	NA
10	above 2 year & upto 3 years	5.3	5.55	5.8	5.3	5.55	5.3	5.3	Public (General)- 5.50 (for 5 years) 5.60 ( for above 5years to 10 years)
									Sr. Citizen (General)- 6.00 (for 5 years) 6.10 ( for above 5years to 10 years)
11	above 3 year & upto 5 years	5.5	5.94	6	5.5	5.94	5.5	5.5	Staff member- 6.50 (for 5 years) 6.60 ( for above 5years to 10 years)
12	above 5 years & upto 10 years	5.6	6.41	6.1	5.6	6.41	5.6	5.6	Retired Staff (Sr. Citizen)- 6.50 (for 5 years) 6.60 ( for above 5years to 10 years)
13	1111 days	5.5	5.94	6			5.5		NA