The Reserve Bank of India did not change the repo rate in the Monetary Policy Committee meeting held in August. However, before this, in February, April, and June 2025, the RBI had cut a total of 1.00 percent. Due to this, most of the banks also changed the interest rates of fixed deposits, i.e., FD. In this sequence, the big public sector bank, Punjab National Bank (PNB), is now offering attractive returns in its savings and FD schemes.
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Highest interest on FD of 390 days
An FD account can be opened in PNB for a period of 7 days to 10 years. At present, the bank is giving the highest interest on an FD of 390 days. General customers are getting 6.60 percent interest on this, senior citizens 7.10 percent, and super senior citizens, i.e., those above 80 years of age, are getting a guaranteed return of 7.40 percent.
Interest rates on 2-year FD
PNB is also offering good returns on 2-year FDs. General citizens will get 6.40 percent interest on this, senior citizens will get 6.90 percent, and super senior citizens will get 7.20 percent return. These rates are currently considered more attractive than many private banks.
How much return will be received on depositing Rs 2 lakh
If a customer deposits Rs 2 lakh in a 2-year FD scheme, he will get this return in different categories, including interest.
General customers will get a fixed interest of Rs 2,27,080, i.e., Rs 27,080 on maturity. Senior citizens will get Rs 2,29,325, which includes a guaranteed profit of Rs 29,325. On the other hand, super senior citizens will get the highest amount of Rs 2,30,681, which will include a fixed return of Rs 30,681.
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Profitable option for investors
Punjab National Bank’s FD scheme is considered a better option for safe investment. Especially for senior and super senior citizens, it is proving to be more profitable because they are getting the benefit of an additional interest rate. Amidst the changing market conditions and RBI’s monetary policies, this scheme ensures a stable and guaranteed income to the investors.