PNB FD Interest Cut PNB FD Interest Cut – Punjab National Bank has surprised its millions of fixed deposit (FD) investors with a significant interest rate revision. Starting from June 1, 2025, the bank has slashed interest rates by up to 0.20% on various FD tenures. This decision will directly impact fixed deposits of up to ₹3 crore, potentially affecting the financial plans of countless investors.
New Interest Rates for 7 to 90 Days FD
Under the latest interest rate structure, Punjab National Bank will now offer 3.50% interest for general customers and 4% interest for senior citizens on FDs ranging from 7 to 45 days. For 46 to 90 days, the rates are 4.50% for the general public and 5% for seniors. These reduced rates may hit short-term investors hard, potentially lowering their expected returns.
Revised Rates for 91 to 303 Days
For FDs of 91 to 179 days, general investors will receive 5.50% interest while senior citizens will get 6%. On 180 to 302 days, the rates are 6.00% for regular customers and 6.50% for seniors. Interestingly, 303-day FDs will now fetch 6.15% for general customers and 7% for senior citizens — offering slightly better returns despite the overall rate cuts.
Updated Rates for 304 Days to 1 Year
For deposits of 304 days to 1 year, the maximum interest rate will be 6.25%. For 1 year up to 389 days, regular customers will earn 6.70%, while senior citizens can expect 7.20%. This slight reduction could affect mid-term investors planning for stable returns.
New Rates for 390 to 505 Days
On 390-day FDs, the interest rate stands at 6.90% for general customers and 7.40% for seniors. For 400 days, the rates rise to 7.10% and 7.60% respectively. Between 401 to 505 days, interest rates are now 6.80% for general customers and 7.30% for seniors — still competitive compared to some other banks.
2 to 3 Years Fixed Deposit Rates
For FDs ranging from 507 days to 2 years, Punjab National Bank offers 6.70% interest for the general public and 7.20% for seniors. The same rates apply to deposits between 2 to 3 years. While this ensures steady returns, the reduced rates mean investors may not earn as much as before.
Rates for More Than 3 Years
Deposits above 3 years to 1203 days will now yield 6.50% for general customers and 7% for senior citizens. On 1204-day FDs, these rates further drop to 6.40% and 6.90% respectively. Even 5-year FDs have seen rate cuts, which may prompt long-term investors to rethink their plans.
5 to 10 Years FD Rates
For tenures between 5 years to 1894 days, regular investors will earn 6% while senior citizens will receive 6.80%. On 1895-day FDs, the rates drop slightly to 5.85% and 6.65%. For deposits up to 10 years, the maximum rates remain 6% for general customers and 6.80% for seniors — potentially impacting long-term savings strategies.
A Little Relief for Senior Citizens
While general customers have faced significant rate cuts, senior citizens continue to enjoy an additional 0.50% to 0.65% across all tenure brackets. This offers some relief, though the overall returns have still declined compared to earlier rates. Investors may need to re-evaluate their financial plans to align with the new rates.
Important Note:
These rates are effective from June 1, 2025, as per the official announcement by Punjab National Bank. Before investing, it is always advisable to verify the latest rates with the bank’s official website or branch, as interest rates are subject to change.