PNB FD rates News
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Fixed deposits allow investors to deposit a lump sum amount of money for a set period, earning interest over time.
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RBI increased repo rates for two financial quarters.
PNB hiked interest rate on FDs below Rs 2 crore.
The new rule came into effect on September 13.
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The bank will continue to offer a 3% interest rate on fixed deposits maturing in 7 to 45 days.
Fixed deposits maturing in 180 days or less continue to receive 4.50 percent interest.
PNB will now offer an interest rate of 5.30 percent on deposits maturing in one year and up to two years.
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