PNB FD Interest Rates

Punjab National Bank, a leading public sector bank, provides secure and diverse fixed deposit options for long-term investments. These deposits offer safety, attractive interest rates, and growth for investors. The current PNB fixed deposit interest rates range from 3.00% to 7.25% p.a. for general citizens, 4.00% to 7.75% p.a. for senior citizens, and 4.30% to 8.05% p.a. for super senior citizens with tenures ranging from 7 days to 10 years. There are various PNB fixed deposit schemes to choose from based on your eligibility and preferences.

PNB FD Rates (Below 2 Crores)

Check the table below for tenures and interest rates for PNB domestic, and NRO term deposits under ₹2 crores.

PNB FD Tenure Interest rate (% p.a.)
for Regular Citizens
7 to 14 days 3.50
15 to 29 days 3.50
30 to 45 days 3.50
46 to 90 days 4.50
91 to 179 days 4.50

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*Note: Interest rates may change. Please visit the official Punjab National Bank website for the most recent updates.

PNB FD Rates for Senior Citizens

Check out the table below to learn the various PNB FD tenures and annual interest rates for senior and super-senior citizens.

PNB FD Tenure Interest rate (% p.a.)
for Senior Citizens
Interest rate (% p.a.)
for Super Senior Citizens
7 to 14 days 4.00 4.30
15 to 29 days 4.00 4.30
30 to 45 days 4.00 4.30
46 to 90 days 5.00 5.30
91 to 179 days 5.00 5.30

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Note: NRO deposits are not eligible for the additional senior citizen rates.

PNB FD Interest Rates (Above 2 Crores)

The table below shows the regular interest rates and durations for PNB's Domestic and NRO FD accounts, applicable to deposits ranging from ₹2 crores to 10 crores.

PNB FD Tenure FD Interest Rates (p.a.)
7 to 14 days 6.00%
15 days to 29 days 6.00%
30 days to 45 days 6.00%
46 days to 60 days 6.40%
61 days to 90 days 6.60%

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*Note: Interest rates are susceptible to change. To know the most recent updates, please visit the official PNB website.

PNB FNCR Deposit Interest Rates

The PNB FNCR Deposits Interest rates and tenures are shown in the table below.

1 Yr to < 2 Yr 5.80% 4.47% 3.69% 1.24% 5.00% 0.03%
2 Yr to < 3 Yr 4.33% 4.07% 3.59% 1.24% 2.35% 0.06%
3 Yr to < 4 Yr 4.03% 3.82% 3.09% 1.24% 2.45% 0.06%
4 Yr to < 5 Yr 3.89 3.87 3.09 1.24 2.45 0.06
5 Year only 3.89 3.92 3.09 1.24 2.45 0.06
*Note- Interest rates are subject to change. Please refer to the official website of PNB for the latest information.

Want to check your potential Punjab National Bank FD returns?

Now you can easily calculate the maturity amount of your PNB FD using our simple PNB FD Calculator. Estimating the potential returns of your FD investment can help you plan and manage your finances more effectively.

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Features & Benefits of PNB Fixed Deposit

Punjab National Bank Fixed Deposit comes with several features and benefits that make FD investments easy for customers.

  • Senior and Super Senior Rates: PNB Fixed Deposits offer special interest rates for senior and super senior citizens
  • Auto-Renewal Facility: The investor may choose auto-renewal and the term deposit will be renewed automatically post the maturity period. This feature does not extend to Recurring Deposit Schemes, Tax Saver Schemes, Capital Gain Schemes, and some other specific schemes.
  • Inclusive for All: PNB Fixed Deposits are made to accommodate every segment of depositors. Punjab National Bank enables minors, illiterate persons, and even blind individuals to open fixed deposit accounts.
  • Nomination Facility: PNB FD allows investors to choose nominees for their investments.
  • Loan Against PNB FD: Investors can avail loan against their PNB Fixed Deposit where the FD will act as a collateral.

PNB FD Account Eligibility

To open a PNB fixed deposit, the investors must meet any of the following eligibility criteria:

  • Indian residents
  • Non-resident Indians
  • Hindu Undivided Families
  • Public and private limited companies
  • Sole proprietorships and partnership firms
  • Registered trusts, societies, and associations.

Documents Required To Open PNB FD

To invest in a PNB Fixed Deposit, you need to submit the following documents

Identity Proof Aadhaar Card, Voter ID, PAN Card
Address Proof KYC documents, and utility bills like electricity bill.
Other Documents Bank account statements, Passport-size photograph.

Premature Closure of PNB Fixed Deposit

Fixed deposit accounts can be prematurely closed if funds are withdrawn before their agreed-upon tenure expires.

PNB allows premature withdrawals from all Punjab National Bank Fixed Deposits, except for tax-saving Fixed Deposits. However, please note that Punjab National Bank imposes a 1% penalty on the interest for premature withdrawals. The penalty is subject to adjustment based on the terms and conditions set by the bank.

Types of PNB Fixed Deposits

PNB offers various fixed deposit schemes, each with unique features to meet different financial needs. These options come with benefits designed for various types of investors.

PNB Regular Fixed Deposit

This investment scheme from PNB offers a simple and secure way for depositors to earn great returns with flexibility. The deposit amount ranges from ₹100 to less than ₹2 crores. The scheme allows for an overdraft facility of up to 75% against the deposit. The interest is paid at the time of maturity.

PNB Tax Shield-Fixed Deposit Scheme

PNB Tax Shield-Fixed Deposit scheme allows you to start with a minimum deposit of ₹100 and a maximum of ₹1.50 lakh. The tenure for this scheme ranges from 5 to 10 years, with a lock-in period of 5 years. They offer two options on interest: The interest can be paid out, or reinvested in the deposit. Senior citizens enjoy an extra interest of 0.50%, and the staff members also get an extra 1% interest. There's also an additional interest rate of 0.80% for super senior citizens. The interest on these term deposits is taxed yearly or when received, depending on how you manage your money, as per the Income Tax Act.

PNB Pranam Fixed Deposit Scheme

This deposit scheme is for individuals aged 55 and above, allowing a deposit of ₹100 to ₹1,99,99,999. The tenure ranges from 1 to 10 years with options to receive interest yearly or at maturity. Senior citizens aged 60 and above get an extra 0.50% interest. Pre-mature withdrawal is available, and the interest will be paid at the agreed-upon rate or the rate for the active period, whichever is lower. If you deposit ₹10,000 or more, you can request a loan or overdraft. However, blind or illiterate individuals cannot use the 'overdraft' option.

Annuity Term Deposit Scheme For Victims Of Road Accidents

The Motor Accident Claims Annuity Deposit (MACAD) Scheme is designed to help those who receive compensation for road accident victims. Eligible individuals, including minors through guardians, can deposit a minimum annuity of ₹1,000 per month for a specific period. The deposit can be made for 3 to 10 years, with the option for more extended periods as directed by the court. The scheme doesn't allow loans or advances, but it provides a nomination facility based on court rulings. Pre-mature closing of fixed deposit is also allowed with permission from the court.

PNB Uttam – Non-Callable Deposit Scheme

This exclusive deposit scheme applies to amounts of ₹15 lakh and above. You can choose to receive interest monthly, quarterly, half-yearly, or yearly. If the interest is reinvested, it will be compounded quarterly till maturity. The tenure depends on the FD amount. One cannot withdraw money early or extend the duration, except in special cases like the depositor's death. The bank may allow a loan or overdraft. If deposits are in the maturity option, the value when it matures will be calculated every three months.

PNB Sugam Term Deposit Scheme

PNB Sugam Term Deposit Scheme offers more flexibility and a higher interest rate to account holders. You can withdraw smaller amounts of money before maturity. You choose a nominee in case of unfortunate circumstances. The interest can be withdrawn every month, quarter, half-year, or year, or when the deposit matures. This scheme is available for minors aged 10 and above under guardianship, HUFs, sole proprietorship firms, and partnership firms.

PNB Balika Shiksha Fixed Deposit Scheme

This special fixed deposit scheme is created specifically for girls who have completed 8th grade. No loans or advances are allowed on these deposits, and they automatically renew every 30 days. It is available for female students who passed 8th grade from Kasturba Gandhi Balika Vidyalayas and unmarried girls under 16 years old.

PNB Bulk Fixed Deposit Scheme

In this fixed deposit scheme, a depositor can put a single deposit of ₹10 crore into their fixed deposit account. You can nominate someone, and the bank allows a loan or overdraft up to 90% of the deposit. If you choose the maturity option, the deposit's value when it matures will grow every three months. If you pick the income option, the interest will be paid every three months at a regular rate or monthly at a slightly lower rate. The income option can last from 6 months to 120 months (10 years). This scheme is open to individuals, minors above 10 years, and minors under 18 years with guardianship, HUFs, sole proprietorship firms, and partnership firms.

FD Scheme For Road Accident Victims

This scheme is designed to help people who receive money from the Motor Tribunal after a road accident. The interest can be paid monthly at a reduced rate. You can keep the money in this scheme for 1 to 10 years, and it will renew automatically as directed by the court. The interest rate is 1% higher than the regular FD schemes for different periods. You can't take out the money early or get part of it before it matures. Loans and advances are not allowed in this scheme.

PNB MIBOR Linked Notice Deposit Scheme

The MIBOR Linked Notice Deposit Scheme gives depositors a product with an interest rate connected to MIBOR (Mumbai Inter-Bank Offer Rate) NSE Overnight, which is decided by the market. You can choose to renew the deposit automatically. The interest rate changes daily based on MIBOR, and there's no limit to how much deposit can be accepted once the daily spread is quoted. This scheme is open to individuals with high net worth, companies, corporate bodies, public sector undertakings, and commercial organizations.

PNB NRE Rupee Sugam Term Deposit Scheme

The PNB NRE Rupee Sugam Term Deposit Scheme is for NRIs, either individually or jointly. You need a minimum of ₹10,000 to start, and you can keep it for 1 to 10 years. If you want to take out some money early, the bank will repay that part with the interest rate applicable on the date of deposit and for the time it was active. You can choose between the Income Option or Reinvestment/Maturity Option. The deposit can also be automatically renewed as per your instructions.

Loan Against PNB FD

PNB extends the convenience of availing loans against fixed deposits. This facility lets you use your FD investment as collateral. You can secure up to 90% of their deposited amount as a loan. This loan facility comes with a competitive interest rate, spanning from 4% to 6.3%, ensuring a flexible and beneficial loan experience.

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Frequently Asked Questions

PNB offers a range of FD interest rates from 3.50% p.a. to 7.25% p.a., depending on the tenure and depositor category (general public or senior citizen).

For a 666-day deposit, the current interest rate would fall under the 1-3 year bucket, offering 5.75% p.a.

The highest FD rate PNB offers is 7.25% p.a., available for a tenure of 400 days.

No, PNB FD schemes do not allow additional deposits after the initial investment. You can open a new FD to deposit your extra funds.

The tenure of your FD account offers a tenure range from 7 days to 10 years.

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