State-run Punjab National Bank (PNB) has revised its fixed deposit interest rates with effect from Thursday, August 1, 2019. PNB has lowered the interest rates by up to 0.50 percentage point on select maturities, according to the public sector lender’s website — pnbindia.in. On maturity periods such as 7-14 days and 15-29 days, the bank is offering an interest rate of 5 per cent to the general public and 5.5 per cent to senior citizens on fixed deposits of up to Rs. 2 crore. Previously, the public sector bank paid interest rates of 5.50 per cent and 6 per cent on these FD maturities respectively.