THESE two state lenders revise their FD rates of interest. Check the most recent charges right here | Mint

With impact from June 1, 2025, two state lenders – Punjab National Bank and Canara Bank has revised their rates of interest on fastened deposits.

Punjab National Bank now presents curiosity within the vary of three.50 % to six.90 % throughout tenures for deposits decrease than ₹3 crore for basic residents. The senior residents are entitled to obtain an additional 50 foundation factors.

On a tenure between 7 to 45 days, the financial institution presents 3.5 % every year. On a tenure between 46 to 90 days, the financial institution presents 4.5 % every year. When the tenure is between 91 to 179 days, the financial institution presents 5.50 %.

On a tenure between 180 to 270 days, the curiosity is 6 %. On a tenure between 271 to 302 days, the curiosity is 6.25 %. In 303 days, the financial institution supplied 6.15 % every year. On tenure between 304 days to lower than one yr, the financial institution presents 6.25 %. One-year fixed deposit stands to supply 6.70 %.

Canara Bank

Canara Bank presents curiosity within the vary of 4 % to 7 % every year to basic residents throughout tenures. And senior residents are entitled to obtain an additional 50 foundation factors. The new charges got here into impact on June 1. The state lender has minimize the FD interest rate on 1-year tenure by 10 foundation factors (bps) from 6.85 % to six.75 %. On FDs with tenure between 3 to five years, the rate of interest has been minimize by 25 bps from 7 per cent to six.75 per cent.

The financial institution presents the best curiosity of seven % on 444-day tenure. Between 1-2 years, the financial institution presents 6.85 %. For tenure between 2-3 years, the financial institution presents 6.9 % and for tenure between 3-5 years, the financial institution presents 6.75 %. And for the utmost tenure (5-10 years), the rate of interest stands at 6.70 %.

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