Punjab National Bank (PNB) recently implemented its revised interest rates on its domestic and NRI savings accounts. These changes came into effect on September 1, 2021. The Bank has a variety of savings accounts for its customers such as PNB Unnati Savings Fund Account, PNB Savings Account Products for Premium Customers, PNB SF Prudential Sweep Deposit Scheme for Individuals, PNB SF Prudent Sweep for the Accounts of Institutions, PNB Junior SF Account, Basic Savings Bank Deposit Account (BSBDA) and many more. Here are the most recent changes in interest rates that the lender has made. These apply to: savings accounts And this Fixed deposit (FD) of Punjab National Bank.
Domestic and NRI Savings Account Interest Rates
From September 1, the bank had revised its interest rates for savings accounts of both domestic and NRI categories. After the revision, the latest interest rate was 2.90 per cent per annum which is applicable to both household savings account as well as NRI savings account. This is applicable to all existing as well as new savings fund accounts. For savings fund account balance below Rs 100 crore will be 2.90 per cent. Similarly, interest rate on savings fund account balance of Rs 100 crore and above will also be 2.9 percent. Earlier, the interest rate on both categories of savings fund account balance was 3 per cent per annum. The old interest rate came into effect from July 1, 2021.
Revised Interest Rates on Fixed Deposits
Punjab National Bank had earlier also revised the interest rates for its fixed deposit accounts. It came into force on August 1, 2021. After the most recent change in interest rates, common citizens will get the benefit of interest rates ranging from 2.90 per cent to 5.25 per cent. On the other hand, senior citizens will get the benefit of interest rates ranging from 3.4 per cent to 5.75 per cent. Here are the interest rates
Revised Interest Rates for FD Accounts (Interest Rate on Single Domestic/NRO/NRE Fixed Deposit (TD) up to Rs.2 Crore)
7 to 14 days: 2.9 percent (ordinary citizens) / 3.4 percent (senior citizens)
15 to 29 days: 2.9 percent (ordinary citizens) / 3.4 percent (senior citizens)
30 to 45 days: 2.9 percent (ordinary citizens) / 3.4 percent (senior citizens)
46 to 90 days: 3.25 percent (general citizens) / 3.75 percent (senior citizens)
91 to 179 days: 3.8 percent (general citizens) / 4.3 percent (senior citizens)
180 days to 270 days: 4.4 percent (general citizens) / 4.90 percent (senior citizens)
271 days to less than 1 year: 4.4 percent (ordinary citizens) / 4.9 percent (senior citizens)
1 year: 5 percent (ordinary citizens) / 5.5 percent (senior citizens)
Above 1 year and up to 2 years: 5 percent (ordinary citizens) / 5.5 percent (senior citizens)
Above 2 years and up to 3 years: 5.1 percent (ordinary citizens) / 5.6 percent (senior citizens)
Above 3 years and up to 5 years: 5.25 percent (ordinary citizens) / 5.75 percent (senior citizens)
Above 5 years and up to 10 years: 5.25 per cent (ordinary citizens) / 5.75 per cent (senior citizens)
Punjab National Bank Savings Account Cash Withdrawal Limit
For savings account customers, the bank offers three different categories of debit card facilities and benefits. These are categorized into segments of Platinum, Classic and Gold cards. Here are the cash withdrawal limits for each type of account.
1) Platinum Debit Card – The daily withdrawal limit is Rs 50,000. If the withdrawal is for a ‘one-time’ transaction, the limit has been set at Rs 20,000. For ECOM/POS Consolidate Limit, the withdrawal cap is Rs 125,000.
2) Gold Debit Card – The daily withdrawal limit for Gold cardholders is Rs 50,000. The lump sum limit also remains at Rs 20,000. The withdrawal limit in the ECOM/POS consolidated limit is Rs 125,000.
3) Classic Debit Card – This is the only type of Debit card that is different from the rest as it has a daily withdrawal limit of Rs 25,000 and ECOM/POS consolidated limit of Rs 60,000. The lump sum withdrawal is still Rs 20,000.
read all breaking news, breaking news And coronavirus news Here
.