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Interest Rates - Saving Deposit

Saving Deposit Interest Rate

Saving Deposit Interest Rate

Existing w.e.f. 04.04.2022

Revised w.e.f. 01.01.2023

Saving Fund Account Balance below Rs.10 Lakh

2.70 % p.a.

2.70% p.a.

Saving Fund Account Balance of Rs.10 Lakh to less than Rs.100 Crore

2.75 % p.a.

2.75% p.a.

Saving Fund Account Balance of Rs.100 Crore & above

2.75 % p.a.

3.00% p.a.

Saving Bank Deposit Historical Rates

w.e.f. 01.01.23

Rate of Interest

Balance below Rs. 10 Lakh

2.70% p.a.

Saving Fund Account Balance of Rs.10 Lakh to less than Rs.100 Crore

2.75 % p.a.

Saving Fund Account Balance of Rs.100 Crore & above

3.00 % p.a.

w.e.f. 04.04.22

Rate of Interest

Balance below Rs. 10 Lakh

2.70% p.a.

Balance For Rs.10 Lakh & above

2.75 % p.a.

w.e.f. 16.02.22

Rate of Interest

Balance below Rs. 10 Lakh

2.75% p.a.

Balance For Rs.10 Lakh & above

2.80 % p.a.

w.e.f. 03.02.22

Rate of Interest

Balance below Rs. 10 Lakh

2.75% p.a.

Balance for Rs.10 Lakh & above to less than Rs.500 Cr

2.80% p.a.

Balance for Rs.500 Cr & above

3.25% p.a.

w.e.f. 01.01.22

Rate of Interest

Balance below Rs. 10 Lakh

2.80% p.a.

Balance for Rs.10 Lakh & above to less than Rs.500 Cr

2.85% p.a.

Balance for Rs.500 Cr & above

3.25% p.a.

w.e.f. 01.12.21

Rate of Interest

Balance below Rs. 10 Lakh

2.80% p.a.

Balance For Rs.10 Lakh & above

2.85 % p.a.

w.e.f. 01.09.2021

Rate of Interest

Savings Fund Account

2.90% p.a

w.e.f. 01.07.2021

Rate of Interest

Savings Fund Account

3.00% p.a.

w.e.f. 01.03.2021

Rate of Interest

Balance below Rs. 100 cr

3.00% p.a.

Balance of Rs. 100 cr & above

3.50% p.a.

w.e.f. 01.09.2020

Rate of Interest

Balance upto Rs. 50 Lac

3.00% p.a.

Balance of above Rs. 50 Lac

3.00% p.a.

w.e.f. 01.07.2020

Rate of Interest

Balance upto Rs. 50 Lac

3.00% p.a.

Balance of above Rs. 50 Lac

3.25% p.a.

w.e.f. 01.04.2020

Rate of Interest

Balance upto Rs. 50 Lac

3.50% p.a.

Balance of above Rs. 50 Lac

3.75% p.a.

w.e.f. 01.09.2019

Rate of Interest

Balance upto Rs. 5 Lac

3.25% p.a.

Balance from more than Rs. 5 Lac to Rs. 50 Lac

3.50% p.a.

Balance of above Rs. 50 Lac

3.80% p.a.

w.e.f. 19.08.2017

Rate of Interest

Balance upto Rs. 50 Lac

3.50% p.a.

Balance of above Rs. 50 Lac

4.00% p.a.

w.e.f. 03.05.2011

Rate of Interest

Savings Fund Account

4.00% p.a

Domestic Term Deposit

Domestic term deposits (Below Rs. 2 crore) interest rates revised w.e.f. 01.02.2024

Domestic/NRO $ Fixed Deposit Scheme

Sl. No

Period

Existing Rates for Public w.e.f. 08.01.2024

Revised Rates For Public w.e.f. 01.02.2024

*Existing Rates for Senior Citizens w.e.f. 08.01.2024

*Revised Rates for Senior Citizens w.e.f. 01.02.2024

#Existing Rates for Super Senior Citizens w.e.f. 08.01.2024

#Revised Rates for Super Senior Citizens w.e.f. 01.02.2024

1

7 to 14 Days

3.50

3.50

4.00

4.00

4.30

4.30

2

15 to 29 Days

3.50

3.50

4.00

4.00

4.30

4.30

3

30 to 45 Days

3.50

3.50

4.00

4.00

4.30

4.30

4

46 to 60 Days

4.50

4.50

5.00

5.00

5.30

5.30

5

61 to 90 Days

4.50

4.50

5.00

5.00

5.30

5.30

6

91 to 179 Days

4.50

4.50

5.00

5.00

5.30

5.30

7

180 to 270 Days

6.00

6.00

6.50

6.50

6.80

6.80

8

271 Days to 299 Days

6.25

6.25

6.75

6.75

7.05

7.05

9

300 Days

6.25

7.05

6.75

7.55

7.05

7.85

10

301 Days to < 1 Year

6.25

6.25

6.75

6.75

7.05

7.05

11

1 Year

6.75

6.75

7.25

7.25

7.55

7.55

12

>1 Year to 399 days

6.80

6.80

7.30

7.30

7.60

7.60

13

400 Days

7.25

7.25

7.75

7.75

8.05

8.05

14

401 Days to 2 Years

6.80

6.80

7.30

7.30

7.60

7.60

15

above 2 years & upto 3 years

7.00

7.00

7.50

7.50

7.80

7.80

16

above 3 years & upto 5 years

6.50

6.50

7.00

7.00

7.30

7.30

17

above 5 years & upto 10 years

6.50

6.50

7.30

7.30

7.30

7.30


PNB Uttam (Non-Callable) Fixed Deposit Scheme( for Deposit above Rs. 1 Crore to less than Rs 2 Crore)

Sl. No

Period

Existing Rates for Public w.e.f. 08.01.2024

Revised Rates For Public w.e.f. 01.02.2024

*Existing Rates for Senior Citizens w.e.f. 08.01.2024

*Revised Rates for Senior Citizens w.e.f. 01.02.2024

#Existing Rates for Super Senior Citizens w.e.f. 08.01.2024

#Revised Rates for Super Senior Citizens w.e.f. 01.02.2024

1

91 to 179 days

4.55

4.55

5.05

5.05

5.35

5.35

2

180 days to 270 days

6.05

6.05

6.55

6.55

6.85

6.85

3

271 days to 299 Days

6.30

6.30

6.80

6.80

7.10

7.10

4

300 Days

6.30

7.10

6.80

7.60

7.10

7.90

5

301 Days to <1 Year

6.30

6.30

6.80

6.80

7.10

7.10

6

1 Year

6.80

6.80

7.30

7.30

7.60

7.60

7

>1 Year to 399 Days

6.85

6.85

7.35

7.35

7.65

7.65

8

400 days

7.30

7.30

7.80

7.80

8.10

8.10

9

401 days to 2 years

6.85

6.85

7.35

7.35

7.65

7.65

10

above 2 year & upto 3 years

7.05

7.05

7.55

7.55

7.85

7.85

11

above 3 year & upto 5 years

6.55

6.55

7.05

7.05

7.35

7.35

12

above 5 years & upto 10 years

6.55

6.55

7.35

7.35

7.35

7.35

*Senior Citizen-Age 60 Year and upto < 80 Year, #Super Senior Citizen- Age 80 Year and above.

** The additional rate of interest applicable on domestic deposits accepted from senior citizens is not applicable for NRO deposits.

  • The Senior citizens of age 60 years and up to < 80 years shall get an additional rate of interest of 50 bps over applicable card rates for a period up to 5years and 80bps for a period above 5 years on domestic deposits of less than Rs. 2 Crore. In case of staff members as well as retired staff members who are also Senior Citizens, maximum rate of interest to be allowed over applicable card rate shall be 150 bps for a period upto 5 years and 180bps for period above 5 years.
  • Further, Super Senior Citizens of age 80 years and above shall get additional rate of interest of 80bps over applicable card rate across all maturity buckets. In case of staff members as well as retired staff members who are also Super Senior Citizens, maximum rate of interest to be allowed over applicable card rate shall be 180 bps over applicable card rate across all maturity buckets.
  • “The Calculation of Interest on Deposits accepted under different scheme is to be paid on the basis of 365 Days a Year, unless otherwise specified”.
  • Deposit shall be accepted for maturity up to 10 yrs only. But under Regulatory/Statutory/Enforcement/Other Legal Agencies/Court Orders, deposit for tenor more than 10 yrs can be accepted and the rate of interest applicable on deposits of tenor 10 yrs shall be applied on the same.

Domestic term deposits (Rs 2 crore and above) interest rates revised w.e.f. 01.02.2024

Domestic/NRO $ TD Rs.2 Cr. To 10 Cr.

Domestic/NRO Fixed Deposit Scheme

PNB Uttam (Non Callable) Fixed Deposit Scheme

Sl. No

Period

Existing Rates for Public w.e.f. 08.01.2024

Revised Rates For Public w.e.f. 01.02.2024

Existing Rates for Public w.e.f. 08.01.2024

Revised Rates for Public w.e.f. 01.02.2024

1

7 days to 14 days

6.00

6.00

NA

NA

2

15 days to 29 days

6.00

6.00

NA

NA

3

30 days to 45 days

6.00

6.00

NA

NA

4

46 days to 60 days

6.40

6.40

NA

NA

5

61 days to 90 days

6.60

6.60

NA

NA

6

91 to 179 days

6.50

6.50

6.55

6.55

7

180 days to 270 Days

6.65

6.65

6.70

6.70

8

271 days to 299 Days

6.75

6.75

6.80

6.80

9

300 Days

6.75

6.75

6.80

6.80

10

300 Days to <1 Year

6.75

6.75

6.80

6.80

11

1 Year

7.00

7.25

7.05

7.30

12

>1 Year to 399 Days

6.50

6.50

6.55

6.55

13

400 days

6.50

6.50

6.55

6.55

14

401 days to 2 years

6.50

6.50

6.55

6.55

15

above 2 year & upto 3 years

6.50

6.50

6.55

6.55

16

above 3 year & upto 5 years

6.25

6.25

6.30

6.30

17

above 5 years & upto 10 years

5.60

5.60

5.65

5.65

# The rates for Rs.2 Crore to Rs.10 Crore are not to be loaded with additional rate of interest for Sr. Citizens, staff accounts etc.

Domestic Term Deposit Historical Deposit Rates

PNB Tax Saver

“PNB TAX SAVER FIXED DEPOSIT SCHEME” with effect from 19.12.2022

Public

(General)

Sr. Citizen

(General)

Staff Members

Retired Staff*

(Sr. Citizen)

5 Years

6.50

7.00

7.50

7.50

>5 Years to 10 years

6.50

7.00

7.50

7.50

*Note: In case of staff members as well as retired staff members who are also Senior Citizens, maximum rate of interest to be allowed is 100 bps over the applicable card rates.

In case of PNB Tax Saver Fixed deposit scheme, staff members as well as retired staff members who are also Senior Citizens, maximum rate of interest to be allowed over applicable card rate is 100 bps.

Gold Monetization Scheme

Gold Monetization Scheme (GMS)

Short Term Bank Deposit (STBD)

ROI

1 year

0.50%

Above 1 year up to 2 years

0.60%

Above 2 years up to 3 years

0.75%

Medium and Long Term Government Deposit (MLTGD)

Medium Term Government Deposit

2.25%

Long Term Government Deposit

2.50%

Interest Rates - NRE

NRE Term Deposit

less than Rs. 2 Cr.

Rs. 2 Cr. To Rs. 10 Cr.

Sl. No

Period

Existing 08.01.2024

Revised wef. 01.02.2024

Existing 08.01.2024

Revised wef. 01.02.2024

1

1 year

6.75

6.75

7.00

7.25

2

above 1 year to 399 days

6.80

6.80

6.50

6.50

3

400 days

7.25

7.25

4

401 days to 2 years

6.80

6.80

5

above 2 year & upto 3 years

7.00

7.00

6.50

6.50

6

above 3 year & upto 5 years

6.50

6.50

6.25

6.25

7

above 5 years & upto 10 years

6.50

6.50

5.60

5.60

FCNR (B) Rates

FCNR Deposit w.e.f. 01.03.2024

Period ->

1 yr< 2 yrs

2 yrs< 3 yrs

3 yrs< 4 yrs

4 yrs< 5 yrs

5 Yrs. only

S.No.

Currency

Existing

01.02.2024

Revised

01.03.2024

Existing

01.02.2024

Revised

01.03.2024

Existing

01.02.2024

Revised

01.03.2024

Existing

01.02.2024

Revised

01.03.2024

Existing

01.02.2024

Revised

01.03.2024

1

USD*

5.63

5.63

4.28

4.28

3.98

3.98

3.83

3.83

3.88

3.88

2

GBP*

5.00

5.00

2.35

2.35

2.45

2.45

2.45

2.45

2.45

2.45

3

EUR*

1.16

1.17

1.16

1.17

1.16

1.17

1.16

1.17

1.16

1.17

4

JPY

0.03

0.03

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

5

CAD

4.47

4.47

4.07

4.07

3.82

3.82

3.87

3.87

3.92

3.92

6

AUD

3.72

3.75

3.62

3.65

3.12

3.15

3.12

3.15

3.12

3.15

*For deposits less than 1 million only


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