New Delhi, Jan. 3 -- Punjab National Bank (PNB) has revised its fixed deposit (FD) rates and added two new tenures for deposits of less than Rs.3 crore. The revised rates and new tenures became effective on January 1, 2025.

PNB has added a 303-day tenure with an interest rate of 7 per cent and a 506-day tenure with an interest rate of 6.7 per cent for general citizens.

Fixed deposits allow investors to deposit a lump sum amount of money for a fixed period, earning interest on the amount. Compared to a savings account, a fixed deposit offers higher interest rates.

According to the latest update, Punjab National Bank offers fixed deposit interest rates ranging from 3.5 per cent to 7.25 per cent for tenures spanning 7 days to 10 years for...