INSUBCONTINENT EXCLUSIVE:
Fixed deposit interest rates are subject to change from time to time.State-run Punjab National Bank (PNB) has revised its fixed deposit
interest rates in select maturities
maturity periods between seven days and 45 days, according to state-run bank's website -- pnbindia.in
In three maturity periods - 7-14 days, 15-29 days and 30-45 days, senior citizen customers will get a return of 6.25 per cent on FDs up to
On FDs up to Rs 1 crore, PNB will continue to pay an interest of 6.75 per cent to general public, and 7.25 per cent to senior citizens, over
a maturity period of one year, according to PNB website.Maturity period (term)Interest rate applicable to domestic/NRO fixed deposits up to
Rs 1 crore (with effect from 01.01.2019)For general publicFor senior citizens7 to 14 days5.75%6.25%15 to 29 days5.75%6.25%30 to 45
days5.75%6.25%46 to 90 days6.35%6.85%91 to 179 days6.35%6.85%180 days to 270 days6.35%6.85%271 days to less than 1 year6.35%6.85%1
year6.75%7.25%555 days (effective for a period of 01.11.2018 to 31.03.2019)6.85%7.35%above 1 year up to 3 years6.75%7.25%above 3 year up to
5 years6.25%6.75%above 5 years up to 10 years6.25%6.75%(Source: pnbindia.in)Fixed deposits or FDs are secure financial instruments offered
by public, private sector banks, small finance banks, non-banking financial companies (NBFCs) and post offices, which fetch guaranteed
In a fixed deposit account, money can be invested for a higher rate of interest than savings accounts
Fixed deposit interest rates are subject to change from time to time
period of five or 10 years are eligible for deduction in income tax under Section 80C of Income Tax Act.
