Indians invest a lot of money in fixed deposits (FDs). Due to good interest and no risk of losing money, FDs have long been the favourite investment option of the common man. Seeing this preference of the people, the government and private banks also keep launching attractive FD schemes.

Now Punjab National Bank (PNB) has also launched two new tenure fixed deposits. Up to three crore rupees can be invested in these FDs of 303 days and 506 days. So, if you are also looking for safe and guaranteed returns, then this new offer from PNB can prove to be amazing for you.

Tremendous offer of 7% interest in 303 days and 6.7% interest in 506 days

PNB FD
PNB FD

Investors depositing money in Punjab National Bank’s new FD of 303 days will get 7 percent interest. Similarly, the interest rate for 506 days is 6.7 percent. These new interest rates have become effective from 1 January 2025. Senior citizens and very senior citizens will get even more interest in investing money in these two FDs. So, if you are a senior citizen, then this scheme is icing on the cake for you.

Even more interest in senior and very senior citizens

Senior citizens will be given 7.5% interest on FDs with a duration of 303 days and 7.2% interest on FDs with a duration of 506 days. At the same time, Punjab National Bank is giving 7.85% interest on FDs with a duration of 300 days and 7.5% interest on FDs with a duration of 506 days to very senior citizens. This is a great opportunity for senior citizens to get great returns on their savings.

Attractive interest rates for general customers, too

PNB OFFER
PNB OFFER

Punjab National Bank offers FDs for tenures ranging from 7 days to 10 years for general citizens. The new bank’s interest rates range from the 3.50% to 7.25%. The highest interest rate is now 7.25%, is available on FDs with tenures up to 400 days. For senior citizens, PNB is offering 4% to 7.75% interest on the FDs with tenures ranging from the 7 days to 10 years. The highest interest, 7.75%, is available on FDs with tenures up to 400 days.

For very senior citizens (80 years and above), Punjab National Bank is offering 4.30% to 8.05% interest on FDs with tenures ranging from 7 days to 10 years. Currently, the bank is offering 8.05% interest on tenures up to 400 days. So, whether you are a general citizen or a senior citizen, PNB’s FD schemes offer you great return opportunities.