PNB 5 Year FD Interest Rate

Punjab National Bank (PNB) offers several FD schemes at attractive interest rates for the general public, staff members, and senior citizens. Many benefits are attached to FD schemes that help the account holders make a safe and effective investment for yielding guaranteed returns.

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The rate of interest varies based on the investment amount, tenure, and type of applicant. Senior citizens are offered an additional interest rate of 0.5% on their fixed deposits. PNB 5-year FD is a smart investment option with a higher interest rate for 3 to 5 years of tenure.

Interest Rates of PNB 5-year FD

Period  Domestic/NRO ROI p.a. for less than Rs 2Cr  Domestic/NRO ROI p.a. for Rs 2 Cr to Rs 10 Cr NRE TD ROI for less than Rs 2 Cr NRE TD ROI Rs 2 Cr to 10 Cr
General  Annual Yield Senior Citizens  General  Annual Yield  General General
3 to 5 years 5.25% 5.65% 5.75% 3.50% 3.67% 5.25% 3.50%

Comparison Between
Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund
Guaranteed Return Plans, Fixed Deposits &
Debt Mutual Fund
Guaranteed Return Plans
Returns Before Tax
7.5% (TAX-FREE)
Returns After Tax
7.5%
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
awards
Still Better than FD’s and Debt Mutual Fund
Fixed Deposits
Returns Before Tax
7% (TAXABLE)
Returns After Tax
4.8%
Guaranteed Returns
Yes
Life Cover
No
Tax on Profit
Taxable
Risk
Low Risk
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
Returns After Tax
5.5%
Guaranteed Returns
No
Life Cover
No
Tax on Profit
Taxable
Risk
High Risk
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*For annual premium upto ₹5 Lacs

Eligibility for Opening PNB FD Account

To apply for PNB 5-year FD, you must be one of the following:

  • An Indian citizen

  • Hindu Undivided Family (HUF) Members

  • Trust Account Holders

  • Members of the local governing bodies

  • Salaried or self-employed professionals

  • NRI (Non-Resident of India)

  • Children less than 18 years of age

  • Private and Public Limited Companies, Corporations, partnership firms, joint investors, sole proprietorships, and societies

  • Senior residents who have crossed the age of 60 years

  • PNB staff members

Documents Required

The following documents have to be submitted for verification for opening an FD account at PNB:

  1. For Individual Applicants

    Identity Proof (one of the following)

    • Recent passport size photo of the FD investor

    • Aadhar Card

    • Voter ID card

    • PAN card

    • Passport

    • PAN card

    • Driving license

    • Government ID

    • Ration Card

    • Senior citizen ID

    Address Proof (one of the following)

    • Passport

    • Aadhar Card

    • Electricity bill

    • Landline telephone bill

    • Bank Statement with a cancelled cheque

    • Certificate issued by Post office

    • Any other Identity proof or residential proof records acceptable at PNB 

    fd return beater
  2. For Non- Individual Applicants

    Trusts/ Clubs/ Associations

    • Trust Deed

    • Registration Certificate

    • Resolution of Investment

    • Trust's PAN

    • Address proof of the trust

    • Authorized signatures of trustees

    Public/ Private Ltd. Company/ Co-operative Societies

    • Resolution of Investment

    • Memorandum & Articles of Association

    • Specimen signatures of authorized personnel

    • Recent passport size photograph and PAN of the authorized personnel

    Partnership Firms

    • Declaration of the partnership by the partners

    • Identity and address proofs of the individual partners

    • Specimen signatures

    • PAN of the firm

FD interest rates India have fallen consistently over the last 12 years.
Invest in Plans that offer Guaranteed Returns for over 25 Years

Benefits of a PNB FD Account

The major perks of opening a PNB Bank 5-year FD account include:

  • Guaranteed Returns on Investment: The best part about availing PNB Bank 5-year FD is that it offers guaranteed returns on investment. The interest rate provided in PNB 5-year FD is higher than the regular savings account. 

  • Higher Interest Rates for Senior Citizens: PNB Bank 5-year FD is offered at an additional interest rate of 0.5% for senior citizens, and hence, it will help them cover more expenses.

  • Premature Withdrawal Facility: PNB offers premature withdrawal in case of emergency financial needs.

  • Loan Against FD: PNB Bank 5-year FD is an investment and can act as an asset. FD account holders can borrow a loan of up to 95% of the FD amount, and also there is a flexible repayment tenure option. It will allow account holders to arrange emergency funds without breaking the FD.

  • Auto-Renewal: PNB Bank 5-year FD offers an auto-renewal option where the FD will be renewed automatically to the same tenure after maturity and prevent loss of interest payments. 

  • Tax Benefits: PNB Bank 5-year FD account holders can claim tax exemptions of up to Rs 1.5 lakhs on their investment under section 80C of the Income Tax Act.

Guaranteed return plan Guaranteed return plan

How To Invest In a 5-year FD of PNB?

You can open a PNB Bank 5-year FD by using both offline or online methods.

  1. Open PNB Bank 5-year FD account offline

    You can make an appointment and visit the nearest PNB bank branch personally along with all the necessary KYC documents and photographs and fill an application form to open the 5-year FD account. An executive of the bank will guide you on the entire process. After the verification is completed and the bank is satisfied, your new 5-year FD account is activated after depositing your desired investment amount.

  2. Open PNB Bank 5-year FD account online

    Please follow the below steps to avail of PNB Bank 5-year FD online:

    • Visit the official website of PNB bank and log in to your internet banking facility and enter the customer id and password. If you don't have a PNB account, please open one, receive a new ID and password, and then apply for a 5-year FD.

    • In the menu, click on the 'Deposits' option.

    • Choose the 5-year FD tenure and enter the amount you want to invest.

    • Enter all the relevant details and upload the KYC records.

    • Once the account is approved and payment is completed, your PNB Bank 5-year FD account is activated.

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FAQs

  • Is it necessary to submit a PAN for availing PNB Bank's 5-year FD?

    Yes. PAN is necessary for availing PNB Bank's 5-year FD. Otherwise, TDS will be deducted at a higher percentage
  • What is the additional rate of interest on PNB Bank 5-year FD for current and retired staff members?

    An additional interest of 1% is offered on PNB Bank 5-year FD for current and retired staff members.
  • Can we add additional funds to the existing PNB Bank 5-year FD account?

    No. We cannot add additional funds to the existing PNB Bank 5-year FD account. However, we can always open a new FD account and invest.
  • What is the margin taken for loans against PNB Bank's 5-year FD account?

    A margin of 12 % is taken for loans against PNB Bank's 5-year FD account.
  • Can blind and illiterate persons opt for a PNB Bank 5-year FD account?

    Yes. Blind and illiterate persons can opt for a PNB Bank 5-year FD account.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
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