The Government of India in consultation with the Reserve Bank of India (RBI) notified the amalgamation of Oriental Bank of Commerce 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 Oriental Bank of Commerce are now customers of Punjab National Bank.
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6.5%INTEREST ON FD
PNB Fixed Deposit (FD) Interest Rates Highlights 2024
| 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 20 November 2024
To know more about Punjab National Bank (PNB) Fixed Deposits: Click here
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