PNB offers 80 bps extra to these senior citizens on fixed deposits; know more here
2 years, 2 months ago

PNB offers 80 bps extra to these senior citizens on fixed deposits; know more here

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An extra 80 basis points is being offered by the Punjab National Bank on fixed deposits to senior citizens above the age of 80 years. PNB is the first such bank to currently provide a higher interest rate to super senior citizens on term deposits. PNB increased interest rates on fixed deposits across all tenors for super senior citizens on 13 September. Super senior citizens are being offered interest rates ranging from 3.80 percent to 6.55 percent on fixed deposits that mature in 7 to 1,111 days. During the coronavirus pandemic, banks such as State Bank of India, ICICI Bank, HDFC Bank, and Bank of Baroda had introduced special fixed deposits for senior citizens wherein a higher interest rate was given on FDs with tenure of 5 years and above.

History of this topic

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