Canara Bank and Punjab National Bank (PNB) have improved their FD interest rate on retail fixed deposits of less than Rs 3 crore, which has been implemented from June 1, 2025. While both banks have changed the rate several times, PNB has also increased the rate of long -term deposits of choice.
Canara Bank gives interest ranging from 4% to 7% on refundable and eligible fixed deposits for ordinary customers. At the same time, it gives interest ranging from 4% to 7.50% for senior citizens. These rates have come into force since June 1, 2025. For a one -year period, Canara Bank has reduced FD interest rate by 10 basis points (BPS), which is 6.85% to 6.75%. For a period of 3 years and more but for a period of less than 5 years, the rate has been reduced by 7% to 6.75%.
After this change, Punjab National Bank gives ordinary citizens interest from 3.50% to 6.90% on fixed deposits for a period of 7 days to 10 years. The highest interest rate of 6.9 % is given for a period of 390 days. Previously, the highest interest rate of 7% was given for a period of 390 days. For senior citizens, the bank offers interest rates from 4.99% to 7.40%. After improvement, for Super Senior Citizens, the rate is a bit higher ranging from 4.30% to 7.70%.
For 389 days of FD of over 1 year, Punjab National Bank (PNB) has reduced FD interest rate by 10 basis points (BPS). For a period of 505 days to 505 days, the interest rate has been reduced from 6.80% to 6.70%, while for a period of 506 days, the interest rate has now dropped from 6.70% to 6.60%.
For a period from 507 days to 2 years, interest rates have dropped from 6.80% to 6.70%. In addition, the interest rate has been reduced from 6.75% to 6.70%, for a period of 2 years to 3 years.
For a period of 1204 days, Punjab National Bank (PNB) has raised FD interest rate by 25 basis points (BPS) to 6.15% to 6.40%. For a period of 1205 days to 5 years, the interest rate has been increased from 6.25% to 6.50%, which also shows an increase of 25 basis points.
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