PNB Bank Fixed Deposit Interest Rates and more
Punjab National Bank offers attractive FD interest rates, ensuring stable and secure investment options. With flexible tenure and higher returns for senior citizens, PNB FDs are ideal for long-term wealth creation. Open your FD today and enjoy guaranteed returns!
New Delhi: Fixed Deposits (FDs) have always been a sought-after option for those seeking a safe and stable investment opportunity. Punjab National Bank (PNB), being one of top public sector banks in India, provides attractive FD interest rates to suit the various needs of investors. Known for its trustworthiness, PNB helps customers build their savings while gaining the advantages of guaranteed returns.
In addition to providing security and stability, PNB Fixed Deposits also grant investors the benefit of compounding. Through the reinvestment of interest income, depositors can yield maximum returns over the long run. PNB also offers customers flexible payout facilities, enabling them to opt for cumulative or non-cumulative interest payments, depending on their financial objectives. Whether you want to save for a short-term requirement or aspire to create long-term wealth, PNB's FD schemes present a disciplined and profitable investment channel.
PNB Fixed Deposits benefits
PNB Fixed Deposits have an ideal mix of safety, liquidity, and lucrative interest rates. Whether you are a senior citizen, an NRI, or an individual, PNB ensures flexible tenor options in combination with several payment schemes to help you meet varying financial objectives. The bank offers its FD plans with numerous facilities, including:
- Fixed Returns: As opposed to market-linked products, PNB FDs provide guaranteed returns for the security of your finances.
- Tenure Flexibility: The tenure for an FD varies from seven days to ten years.
- Senior Citizen Rate: Senior citizens are provided with special rates to benefit their higher returns.
- Loan & Overdraft Facility: PNB enables customers to take loans or overdraft facilities against their FDs, which can be used for liquidity when needed.
- Tax-Saving Options: Investors can avail of tax-saving FDs under Section 80C of the Income Tax Act.
PNB FD Interest Rates
| Sl. No | Period | Interest Rates For General Public w.e.f. 18.06.2025 | Interest Rates for Senior Citizens w.e.f. 18.06.2025 | Interest Rates for Super Senior Citizens w.e.f. 18.06.2025 |
|---|---|---|---|---|
| 1 | 7 to 14 Days | 3.25 | 3.75 | 4.05 |
| 2 | 15 to 29 Days | 3.25 | 3.75 | 4.05 |
| 3 | 30 to 45 Days | 3.25 | 3.75 | 4.05 |
| 4 | 46 to 60 Days | 4.50 | 5.00 | 5.30 |
| 5 | 61 to 90 Days | 4.50 | 5.00 | 5.30 |
| 6 | 91 to 179 Days | 4.90 | 5.40 | 5.70 |
| 7 | 180 to 270 Days | 5.80 | 6.30 | 6.60 |
| 8 | 271 Days to 302 Days | 6.00 | 6.50 | 6.80 |
| 9 | 303 Days | 5.90 | 6.40 | 6.70 |
| 10 | 304 Days to < 1 Year | 6.00 | 6.50 | 6.80 |
| 11 | 1 Year | 6.40 | 6.90 | 7.20 |
| 12 | > 1 Year to 389 days | 6.40 | 6.90 | 7.20 |
| 13 | 390 days | 6.70 | 7.20 | 7.50 |
| 14 | 391 Days-505 Days | 6.40 | 6.90 | 7.20 |
| 15 | 506 Days** | 6.30 | 6.80 | 7.10 |
| 16 | 507 Days to 2 year | 6.40 | 6.90 | 7.20 |
| 17 | > 2 years to 3 years | 6.40 | 6.90 | 7.20 |
| 18 | > 3 years to 1203 days | 6.50 | 7.00 | 7.30 |
| 19 | 1204 days** | 6.40 | 6.90 | 7.20 |
| 20 | 1205 days to 5 years | 6.50 | 7.00 | 7.30 |
| 21 | > 5 years to 1894 days | 6.00 | 6.80 | 6.80 |
| 22 | 1895 days** | 5.85 | 6.65 | 6.65 |
| 23 | 1896 days to 10 years | 6.00 | 6.80 | 6.80 |
PNB updates its FD interest rates periodically to keep pace with the banking industry. The current rates vary based on the deposit value and duration. Here's a summary of the current FD rates at PNB:
1. For General Citizens:
- Short-term deposits (7 days to 1 year) have interest rates between 3.25% and 6.40% per annum.
- Medium-term deposits (1 year to 5 years) have returns of 6.40% to 6.50% per annum.
- Long-term deposits (more than 5 years) have rates of up to 6.00 % per annum.
2. For Senior Citizens:
- Senior citizens have a further benefit of 0.50% interest rate above the regular rates, guaranteeing greater returns on savings.
- The maximum FD interest rate for senior citizens is now 7.20% per annum for specific tenures.
3. PNB Savings Deposit Interest Rates
Besides FDs, PNB also provides competitive savings deposit interest rates. The savings account interest rates differ according to the account balance:
- Less than Rs.10 Lakh: 2.70% per annum
- Rs10 Lakh to Rs.100 Crore: 2.75% p.a.
- Above Rs100 Crore: Amended from 2.75% to 3.00% p.a. (w.e.f. 01.01.2023)
This increase in interest rates provides improved returns to customers with large savings balances.
Premature Withdrawal and Penalty
PNB provides premature withdrawal of Fixed Deposits; a penalty is charged, though, depending on the tenure of the deposit. In case an FD is withdrawn before maturity, the interest rate charged is re-computed for the duration for which the deposit was maintained. A penalty of 0.50% to 1.00% could also be levied, depending on the type of FD and its tenure.
How to Open a PNB FD?
It is a hassle-free procedure to open a Fixed Deposit in PNB. The customers can open an FD via various modes, which include:
- Online Banking: PNB's online banking and mobile banking provide customers the facility to open FDs online within minutes.
- Branch Visit: Customers can visit the nearest branch of PNB and open an FD by filling in the documents.
- ATM Services: Certain PNB ATMs also enable FD account openings for existing clients.
PNB Fixed Deposit schemes are the ideal combination of security, flexibility, and high returns, which make them an ideal option for investors who are looking for stable financial growth. Whether you seek to park idle funds, plan for a distant goal, or ensure a stable income stream after retirement, the FD offerings from PNB can meet all needs. With recent savings interest rate adjustments and higher FD rates, Punjab National Bank remains a strong ally in savings accumulation. Open a PNB Fixed Deposit now and start taking steps towards an economically secure tomorrow!