PNB Sweetens the Deal: New FD Rates for 2024 Offer Attractive Returns

Punjab National Bank (PNB) has released new fixed deposit (FD) rates for 2024. These are the higher returns offered to investors. Find out the new 303-day and 506-day FD plans and know how this will help you.

Introduction

Good news for PNB customers! The bank has started the new year by increasing its fixed deposit (FD) rates, which is a great opportunity for investors. Two new FD plans have been launched, effective January 1st, 2024, for deposits below ₹3 crore. These changes are to increase returns for customers looking for safe and reliable investment options.

PNB’s New FD Plans

303-Day FD: This plan offers a great interest rate of 7%. 506-Day FD: The investors can look forward to an attractive 6.7% rate of interest for this scheme. These new offerings are added to the existing repertoire of FD tenors offered by PNB, ranging from 7 days to 10 years. The bank presently offers interest rates between 3.5% and 7.25% for the common man, the highest rate applying to 400-day FDs. PNB identifies the specific requirements of senior citizens and offers them even more competitive interest rates. For senior citizens, the spectrum of interest rate ranges from 4% to a maximum of 7.75% for 400-day FDs.

“Super Senior Citizen” Category

In a major turnaround, PNB has launched a special category for “Super Senior Citizens,” which promises exorbitant returns. The 400-day FD in that category offers an extremely attractive rate of interest up to 8.05%. This initiative highlights how PNB is keen to serve the diverse needs of its customers with tailored solutions. Why PNB FDs?

Competitive Interest Rates: PNB consistently strives to offer competitive interest rates across various FD tenors, ensuring your investments grow steadily. Flexible Tenors: Choose from a wide range of tenors to suit your investment goals and financial needs. Secure Investment: FDs with PNB offer a secure and reliable investment option with assured returns. Convenient Banking: Enjoy hassle-free banking with PNB’s extensive network of branches and digital banking platforms.

Conclusion

PNB has announced the new FD rates for 2024, which provide a good chance for those interested in increasing their savings. Introducing new plans and better interest rates for senior citizens, PNB continues to be the favorite destination for a safe and rewarding investment option.

Disclaimer: The interest rates are subject to change at the discretion of the bank. For the latest information, please visit the official PNB website or contact your nearest branch.

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