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.
PNB Fixed Deposit (FD) Interest Rates Highlights 2023
| Highest slab rate | 7.25% p.a. (for 444 days) |
| For 1 year | 6.75% 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 | 6.50% p.a. |
The interest rates are updated as of 5 June 2023
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