Punjab National Bank (PNB) is offering an extra benefit of 80 basis points (bps) on fixed deposits (FDs) for senior citizens who are more than 80 years old.  

The extra interest rate is available on all tenures starting from 7 days to 10 years. Banks usually offer a higher interest rate, 50 bps, to senior citizens who are 60 years and above, over and morethan the FD rates of the general public. 

“Further, Super Senior Citizens of age above 80 years shall get an additional rate of interest of 80bps over the applicable card rate across all maturity buckets. It further added that 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”.

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On September 13, the bank raised interest rates on FD across all tenors for super senior citizens. 

The bank is offering fixed deposits starting from 7 days for a maximum of up to 10 years. Super senior citizens are getting an interest rate that ranges from 3.80 per cent to 6.55 per cent on FDs that mature in 7 days to 1111 days.

This bank also introduced banking services through WhatsApp for both customers and non-customers. The WhatsApp banking service will be available 24×7, including holidays, on both android and iOS-based mobile phones.