The Punjab National Bank (PNB) has slashed the rate of interest on financial savings accounts for balances under ₹10 lakh to 2.70 per cent per 12 months. The financial institution has additionally lowered the rates of interest on financial savings accounts with balances of greater than ₹10 lakh to 2.75 per cent. The new charges are efficient from 4 April 2022.
PNB Domestic & NRI Saving Account Interest Rates : (W.E.F. 04th April 2022)
Saving Fund Account Balance under ₹10 Lakh -2.70% p.a.
Saving Fund Account Balance of ₹10 Lakh & above – 2.75% p.a.
In February too, PNB too diminished the rates of interest on financial savings accounts, offering 2.75 per cent on accounts with lower than ₹10 lakh and a pair of.80 per cent on accounts with balances of greater than ₹10 lakh.
PNB had earlier lowered the rates of interest on saving accounts in December 2020 and was providing 2.80% on accounts having lower than ₹10 lakh and a pair of.85% on financial savings accounts having greater than RS 10 lakh to and under ₹500 crore.
PNB newest FD rates of interest
PNB provides mounted deposits maturing in 7 days to 10 years at rates of interest starting from 2.90 per cent to five.25 per cent.
PNB makes it obligatory for verification of high-value cheques
In a transfer to guard the financial institution prospects towards massive worth cheque frauds, Punjab National Bank (PNB) to make the Positive Pay System (PPS) obligatory for the cheque of Rs10 Lacs & above from in the present day, April 4, 2022.
PNB prospects must share particulars like account quantity, cheque quantity, cheque alpha code, problem date, quantity, and beneficiary identify for clearing the high-value cheques underneath PPS.
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