Punjab National Bank (PNB) is a nationalized bank and one of the largest public sector banks in India. The bank offers a wide range of fixed deposit schemes for regular depositors as well as for the senior citizens. Fixed deposit is a popular investment option in the country, and PNB offers many schemes to maximize its customers profit. The bank offers competitive interest rates on all FDs with the added benefit for senior citizens allowing them to avail special PNB FD Interest Rates on all types of deposits.
PNB allows investment as low as Rs. 10,000 to Rs. 99,99,000 for tenures ranging from 7 days to 10 years. The PNB FD Eligibility criteria states that – any individual, organization, club, a private company, HUF or society can open these fixed or term deposit accounts. Moreover, the PNB FD Eligibility criteria allow some deposit schemes for NRIs too.
PNB FD Interest Rate
The PNB bank fixed deposit rates are higher compared to a regular savings account. Fixed deposit rates in the PNB bank is competitive and are based on the tenure of the deposit. The interest rate applies only until the maturity date of the account. But, the current interest rate will not be the same as in a few years from now as they change as per the market rates. Given below is the PNB bank fixed deposit rates for different tenure.
Tenure | PNB FD Interest Rates (Annually) |
| 7 – 14 days | 5.70 Percent |
| 15 – 29 Days | 5.70 Percent |
| 30 – 45 Days | 5.70 Percent |
| 46 – 90 Days | 6.35 Percent |
| 91 – 179 Days | 6.35 Percent |
| 180 – 270 Days | 6.35 Percent |
| 271 – 364 Days | 6.35 Percent |
| 1 Year | 6.60 Percent |
| 1 Year 1 Day – 3 Years | 6.75 Percent |
| 3 Years 1 Day – 10 Years | 6.25 Percent |
PNB senior citizen Fixed Deposit scheme
The PNB FD Interest Rates for regular deposit differs from that of senior citizens. PNB offers a higher interest rate as high as 7.25% for senior citizens making it a viable option of investment for them. Given below is the PNB fd rates for different tenures for senior citizens.
Tenure | PNB Senior Citizen FD Interest Rates |
| 7 – 14 Days | 6.20 Percent |
| 15- 29 Days | 6.20 Percent |
| 30 – 45 Days | 6.20 Percent |
| 46 – 90 Days | 6.85 Percent |
| 91 – 179 Days | 6.85 Percent |
| 180 days to 270 days | 6.85 Percent |
| 271 – 364 Days | 6.85 Percent |
| 1 Year | 7.10 Percent |
| 1 Year 1 Day – 3 Years | 7.25 Percent |
| 3 Years 1 Day – 10 Years | 6.75 Percent |
PNB Fixed Deposit Features
Auto-Renewal:
If depositors opt for auto-renewal their term deposit automatically renews after maturity except for term deposits under the Capital Gain Scheme, Recurring Deposit Scheme, Bulk Term Deposits (above Rs.10 crores), PNB Tax Saver Scheme, and Inter-Bank Deposits.
The Inclusion of Blind and Illiterate Persons:
PNB enables the visually impaired and the illiterate to open a fixed deposit account.
Inclusions of all sections of society:
PNB FDs are designed to serve every category of depositors, right from High School students to beneficiaries of road accident insurance claims.
PNB Bank FD Types
PNB provides different term deposit alternatives such as Sugam term deposits, e-FDs, multi-benefit, ordinary, special, and Anupam term deposit schemes. Given below are some of the information in brief related to the different PNB bank FD schemes.
FD Scheme for Road Accident Victims:
This insurance scheme is for the recipients of the motor insurance claims. Anyone can open an account under this scheme. Minors under the guardianship can also open an account on condition that there are court orders in support of the claim in their names.
PNB Special Term Deposit scheme:
This account can be opened by anybody as a single or joint account with a minimum of 1 year up to 10 years even for incomplete quarters.
PNB Sugam Fixed Deposits:
FDs from Rs. 10,000 to Rs. 10 crores for as brief as 46 days. There is No penalty on premature, part/ full withdrawal.
PNB Varshik Aay Yojna:
FDs from Rs. 10,000 to Rs.99.99 lakhs can be booked from 24 months to a maximum period of 120 months.
PNB Anupam Term Deposit Scheme:
Has an inbuilt overdraft facility, deposits from Rs. 10,000 to Rs.99,99,000.
PNB Balika Shiksha:
This scheme is for all the girls of class VIII from Kasturba Gandhi Girls High School and the SC/ST quota passing class VIII and enroll for class IX in state/UT government aided or local body schools from the academic year 2008-2009. A sum of Rs. 3,000 will be deposited in their name.
Capital Gain Account:
Joint accounts cannot be opened under this scheme. This account is booked to credit amount from capital gain.
PNB Dugna Fixed Deposit:
FDs can be opened for a period up to 99 months with a minimum amount of Rs. 5,000 and in multiples of Re 1/- and Rs. 1 crore per day. Non-resident Indians can also open NRO accounts under the scheme.
PNB Multi-Benefit Deposit Scheme:
Avail multiple benefits for a deposit of anything from Rs. 100 to Rs. 99.99 lakhs.
PNB Saksham:
Minimum Rs. 25,000/- and after that in multiples of Re.1/- subject to a maximum of Rs. 10 crores. Senior citizens earn extra 0.50% interest on deposit. They can avail monthly payout comprising of interest in addition to the principal.
PNB FD Calculator
The PNB FD calculator helps with the calculation of the interest that the money will earn when kept in the PNB FD. Moreover, it gives the details of the principal amount on maturity after the interest is compounded on the basis of days, months, quarterly, half-yearly or yearly basis. PNB FD Calculator helps one understand about how the FD earns interest and how much will be one’s earning at the end of the chosen tenure.
How to Calculate PNB Fixed Deposit Interest Rate?
PNB FD rates can be calculated by providing the following details and clicking on the calculate button.
- Principal amount (in Rs.)
- Interest rate
- Period of deposit
- Day(s)/ month (s)/ year (s)
- Monthly/ quarterly/ half yearly/ annually
Click on the calculate button will give the following results:
- Maturity amount
- Interest earned amount
The most significant advantage of a fixed deposit is that it comes handy as an emergency fund and also allows one to grow with the corpus.