The Government of India in consultation with the Reserve Bank of India (RBI) notified the amalgamation of United Bank of India with the Punjab National Bank (PNB) through a vide gazette notification dated March 4, 2020. The amalgamation came into force from April 1, 2020. Hence, the customers who are depositors of United Bank of India are now customers of Punjab National Bank.
PNB Fixed Deposit (FD) Interest Rates Highlights
Highest slab rate | 7.25% p.a. (for 400 days) |
For 1 year | 6.80% p.a. |
For 2 years | 6.80% p.a. |
For 3 years | 7.00% p.a. |
For 4 years | 6.50% p.a. |
For 5 years | 6.50% p.a. |
Tax-Saving FD | 6.35%-6.50% p.a. |
The interest rates are updated as of 3 February 2025
To know more about Punjab National Bank (PNB) Fixed Deposits: Click here