PNB reduced interest rates on savings account, now know how much interest you will get on your savings account

PNB Interest Rates: There is news of shock for the customers of Punjab National Bank because now they will get less interest on their money deposited in this bank. For the customers of PNB, the bank has decided to reduce the interest rates on savings accounts to 2.80 percent. These rates were earlier 2.90 per cent per annum. These new rates of PNB will be applicable from the coming December 1, so the customers of the bank will get less interest from December.

Which bank is giving how much interest on savings account

The country’s largest government bank SBI is giving interest at the rate of 2.70 percent on savings accounts and if you open an account in the post office, then it is giving 4 percent interest on the savings account. In Bank of India, customers are getting interest at the rate of 2.90 percent.

On the other hand, if we talk about HDFC, the largest lender of the private sector, it is giving interest between 3 percent to 3.5 percent to its customers on savings accounts and on the same lines ICICI Bank is also giving interest on savings accounts equally. Apart from this, if we look at other private sector banks, IDFC First Bank and IndusInd Bank are giving interest ranging from 4 percent to 5 percent.

Know PNB
Punjab National Bank is the second largest government bank in the country and it has given information about increasing its interest rates on its official website. The branches of this bank are across the country and the customer base of the bank is quite strong. The decision to increase the interest rates by PNB will have an impact on both new and existing customers of the bank.

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