News > PNB hikes interest rates on fixed deposits

PNB hikes interest rates on fixed deposits

The Free Press Journal | 03/07/2022 01:56 PM | Click to read full article

On fixed deposits below ₹2 crore, the public sector lender Punjab National Bank (PNB) has increased interest rates. The bank's official website states that the new interest rates will take effect tomorrow, July 4, 2022.

Following the adjustment, the bank increased interest rates on fixed deposits maturing in 1 year to 2 years and up to 3 years by 10 to 20 bps.