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Business
RBI Repo Rate Pause Spurs Banks to Revise Fixed Deposit Rates: Punjab & Sind Bank, PNB Update
✍️ businesstoday.in
🗓 10 Aug 2026, 11:03 AM
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After the Reserve Bank of India paused its repo rate, major banks including Punjab & Sind Bank and PNB have announced changes to their fixed deposit interest rates.
The Reserve Bank of India has decided to pause its repo rate, keeping the policy rate unchanged for the time being. In response, several banks have begun to reassess the interest rates they offer on fixed deposits to remain competitive in the market.
Punjab & Sind Bank and PNB are among the institutions that have announced revisions to their fixed deposit schemes. While the exact figures have not been disclosed in the lead, the banks are expected to adjust rates to align with the new monetary environment.
Customers looking to invest in fixed deposits are advised to check the latest rates directly from their banks or official websites, as changes may affect the returns on their savings over the coming months.
Punjab & Sind Bank and PNB are among the institutions that have announced revisions to their fixed deposit schemes. While the exact figures have not been disclosed in the lead, the banks are expected to adjust rates to align with the new monetary environment.
Customers looking to invest in fixed deposits are advised to check the latest rates directly from their banks or official websites, as changes may affect the returns on their savings over the coming months.