SBI offers various FD plans to cater to the needs of different people. Punjab National FD rates range from 3.50% to 7.00% per annum for general citizens and 4.00% to 7.50% p.a. for senior citizens, with tenures ranging from 7 days to 10 years. Senior citizens get an extra 0.50% interest on eligible deposits. Punjab National Bank offers various types of fixed deposits, including PNB Pranam for individuals aged 55 and above, and PNB Uttam (Non-Callable) for large deposits.
Guaranteed return plans provide assured returns and the security of a life cover. These plans are an excellent option for risk-averse investors, as they are not affected by market fluctuations.
What is a Punjab National Bank Fixed Deposit?
Punjab National Bank Fixed Deposit is a savings option where you invest a fixed amount for a chosen period and earn assured interest. The minimum deposit starts from ₹1,000, making it suitable for both short-term and long-term goals. PNB FDs are available to individuals, senior citizens, minors, and joint account holders. Punjab National Bank also provides Tax Saver FDs under Section 80C and a special FD scheme for road accident victims based on court orders.
Information About FDs & Other Options
When choosing an investment, it's important to understand the distinctions between options. Fixed deposits offer guaranteed returns and security, while other products, such as guaranteed return plans and mutual funds, can provide growth opportunities with different degrees of risk.
Information About
Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund
Guaranteed Return Plans, Fixed Deposits & Debt Mutual Fund
Guaranteed Return Plans
Returns Before Tax
6.9%* (TAX-FREE)
Returns After Tax
6.9%*
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
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
Punjab National Bank FD Interest Rates: Highlights
Deposit tenure
7 days to 10 years
Minimum Deposit Amount
₹10,000
Maximum Investment
Up to 5 crore
Auto-Renewal
Yes Available
Overdraft Against FD
Up to 90%
Senior Citizen Benefits
From 0.50% to 0.75%
TDS Facility
Yes available
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#Premature withdrawal involves penalties as per the bank’s policy; charges and rules differ for callable and non-callable fixed deposits. ~The bank may reduce applicable interest rates or levy charges for loans against fixed deposits.
PNB Bank Fixed Deposit Latest Updates
PNB has reduced FD rates on deposits below 3 crores by up to 25 bps on select short and medium term tenures. The highest rate of 7.50% percent on a 390-day deposit.
Punjab National Bank FD Interest Rates 2025
Below is a detailed table showing the latest Punjab National Bank FD rates across different deposit slabs and tenures:
Tenure
Regular Rates
Current Rates
Senior Citizen
1895 days
5.85%
6.65%
1204 days
6.15%
6.65%
506 days
6.70%
7.20%
390 days
7.00%
7.50%
1 year
6.70%
7.20%
303 days
6.15%
6.65%
7 to 14 days
3.50%
4.00%
15 to 29 days
3.50%
4.00%
30 to 45 days
3.50%
4.00%
46 to 90 days
4.50%
5.00%
91 to 179 days
5.50%
6.00%
180 to 270 days
6.00%
6.50%
271 days to 302 days
6.25%
6.75%
304 days to less than 1 year
6.25%
6.75%
Above 1 year to 389 days
6.80%
7.30%
391 days to 505 days
6.80%
7.30%
507 days to 2 years
6.80%
7.30%
Above 2 years to 3 years
6.75%
7.25%
Above 3 years to 1203 days
6.25%
6.75%
1205 days to 5 years
6.25%
6.75%
Above 5 years to 1894 days
6.00%
6.80%
1896 days to 10 years
6.00%
6.80%
Period
General Rate (% p.a.)
Senior Citizen Rate (% p.a.)
91 to 179 Days
4.95
5.45
180 Days to 270 Days
5.85
6.35
271 Days to 302 Days
6.05
6.55
303 Days
5.95
6.45
304 Days to < 1 Year
6.05
6.55
1 Year
6.45
6.95
>1 Year to 389 Days
6.45
6.95
390 Days
6.75
7.25
391 Days to 505 Days
6.45
6.95
506 Days
6.35
6.85
507 Days to 2 Years
6.45
6.95
> 2 Years to 3 Years
6.45
6.95
> 3 Years to 1203 Days
6.55
7.05
1204 Days
6.45
6.95
1205 Days to 5 Years
6.55
7.05
> 5 Years to 1894 Days
6.05
6.85
1895 Days
5.90
6.70
1896 Days to 10 Years
6.05
6.85
Types of PNB Fixed Deposit Schemes
PNB Palash Green Deposit
PNB Palaash Green Fixed Deposit Scheme is a green FD scheme where the investor can get cumulative and non-cumulative returns.
Tenure: From 1204 to 1895 days
Deposit Amount: Minimum Rs 5,000 to less than Rs 10 Crores
Demand Loan/Overdraft Facility : Allowed
Nomination Facility: Available
Renewal/ Extension: Allowed
PNB Swechha Jama Deposit Scheme
The PNB Swechha Jama Deposit Scheme provides the customers with a higher level of freedom in terms of savings on their terms.
Notice Deposit Scheme is a product provided by MIBOR-linked, which provides depositors with a product with a market-driven interest rate, which is linked to the NSE Overnight MIBOR (Mumbai Inter-Bank Offer Rate).
Tenure: 7 days to 60 days
Demand Loan/ OD Facility:Not available
Auto Renewal: For 14 days
TDS Deduction: As per HO instructions
Rate of Interest: Simple interest
PNB Multi-Benefit Deposit Scheme
The PNB Multi-Benefit Deposit Scheme has many benefits that are offered to the depositors, such as higher interest rates and flexibility of withdrawals. It is a blend of a fixed deposit and an extra advantage of liquidity.
Tenure: 6 months to 120 months
Nomination Facility: Yes Available
Deposit Amount: From Rs 100 to Rs 1,99,99,999 lakhs
Loan/Overdraft facility: Eligible for Rs 10,000/- and above
PNB FD Scheme For Road Accident Victims
The PNB Scheme For Road Accident Victims enables claimants of motor accident compensation to place their compensation in fixed deposits with high interest gained via Motor Tribunal orders.
Tenure: 12 months to 120 months
Minimum Deposit: Rs 100
Maximum Deposit: Rs 1,99,99,999
Automatic Renewal: Available, as per the court’s decision
Premature Cancellation/part withdrawal: Not permitted
Loan Against Deposit: Not allowed
PNB Sugam Term Deposit Scheme
This FD scheme provides better interest and flexibility that the depositors can withdraw a small sum before maturity.
Minimum Deposit Amount: Rs 10,000
Minimum Deposit Amount: Rs 10 Lac
Tenure : From 46 days to 120 months
Demand Loan/Overdraft Facility: Available as per the bank’s guidelines
Minimum Withdrawal: Rs 1,000 at a time
PNB Bulk Fixed Deposit
The scheme is a fixed deposit scheme that allows can deposit of 10 crores of rupees into the account once.
Auto Renewal: Not available
Tenure : 6 months to 10 years
Loan Facility : up to 90% of the deposit amount
Part Withdrawal: Not Allowed
Maturity Value : Calculated every quarter
PNB FD Rates Comparison with Other Banks
Bank Name
Lowest Rate
Highest Rate
State Bank Of India
3.05%
6.6%
ICICI Bank
2.75%
6.6%
HDFC Bank
2.75%
6.6%
Axis Bank
3%
6.6%
Punjab National Bank
3.5%
7%
Kotak Mahindra Bank
2.75%
6.6%
Yes Bank
3.25%
7.75%
Bank of Baroda
3.5%
6.6%
IndusInd Bank
3.25%
7%
Indian Bank
2.8%
6.7%
Union Bank of India
3.4%
6.6%
Bank of India
3%
6.6%
Canara Bank
4%
7.25%
IDFC Bank
3%
6.6%
IDBI Bank
3%
6.75%
Indian Overseas Bank
3.5%
6.75%
Bank of Maharashtra
2.75%
6.7%
Central Bank of India
3.5%
7%
Punjab and Sind Bank
3%
6.8%
UCO Bank
2.9%
6.6%
RBL Bank
3.5%
7.2%
PNB Housing Finance
6.79%
7.58%
Federal Bank
3%
6.7%
Bandhan Bank
3%
7.4%
South Indian Bank
2.9%
6.6%
Karur Vysya Bank
4%
6.85%
Tamilnad Mercantile Bank
4%
7.05%
Karnataka Bank
3.5%
6.65%
DBS Bank
2.75%
6.55%
Shriram Finance Ltd
6.79%
7.35%
Bajaj Finance Ltd
6.6%
6.95%
Mahindra Finance Ltd
6.4%
6.8%
Fincare Small Finance
3%
8.61%
Unity Small Finance Bank
4%
7.75%
Suryoday Small Finance Bank
4%
8.2%
DCB Bank
3.75%
7.4%
Equitas Small Finance Bank
3.5%
7.6%
ESAF Small Finance bank
2.75%
7.6%
Karnataka Grameena Bank
3.25%
6.85%
North East Small Finance bank
3.5%
8.5%
Saraswat Bank
3.25%
7%
*FD interest rates w.e.f. August 2025 (for general public, domestic FDs < ₹3 Cr).
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Key Benefits of Punjab National Bank Fixed Deposits
You can enjoy several key benefits when you open a Punjab National Bank FD. A few of them are explained below:
01
Minimum Deposit Amount
With a minimum deposit of ₹1,000, PNB Fixed Deposits are accessible to a wide range of customers, including individuals, senior citizens, and minors.
Read more
02
Premature Withdrawal
PNB allows premature withdrawal of FDs with a penalty of 0.50% to 1%, based on the tenure and deposit amount. There is no penalty for senior citizens, staff, or in case of the depositor's death.
Read more
03
Loan and Overdraft Facility
Punjab National Bank offers loans or overdrafts up to 90% of the FD value. The loan tenure is either 3 years or the remaining FD term, whichever is lower. This excludes tax-saving and capital gains FDs.
Read more
04
Sweep-In/Sweep-Out Facility (PNB Prudent Sweep)
PNB offers a Prudent Sweep Account where surplus funds in your savings account (above ₹50,000) are automatically transferred in multiples of ₹5,000 to a fixed deposit for better returns. If the savings balance drops, money is automatically moved back from the FD to maintain liquidity. Sweep-outs are processed on the 5th, 15th, and 25th of every month.
Read more
05
Easy Liquidation Option
Fixed deposits can be prematurely closed by paying a minor penalty. Some institutions provide loans against your FD so that you can get money without breaking the deposit.
Read more
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How to Open a Punjab National Bank FD?
Follow these easy steps to open a Fixed Deposit with Punjab National Bank (PNB), whether you’re an existing account holder or a new customer.
Online Method
The online method is easy, and you can apply by sitting at home with the help of internet banking or through the Punjab National Bank mobile application. Read the steps to understand :
Offline Method
This offline method is for both New and Existing Customers, where you just need to visit your nearest Punjab National Bank branch. Follow the steps to understand :
Log In
Visit the PNB Net Banking or PNB Mobile App and log in using your credentials
Go to the FD Section
Click on ‘Deposits’, then select ‘Fixed Deposit’ options
Enter Deposit Details
Provide the required information
Upload Documents
Upload the necessary KYC documents as prompted.
Account Verification
The bank will verify your details.
Confirmation
Once approved, your FD account will be opened
Branch Visit
Visit the nearest PNB branch.
Complete the Form
Collect and fill out the Fixed Deposit application form.
Complete KYC Documentation
Submit the required KYC documents (for new customers).
Choose Amount
Choose the deposit amount, tenure, and interest payout option.
Complete the Payment
Make the payment through PNB savings or current account.
Confirmation Receipt
Collect the FD receipt and confirmation slip from the bank.
Eligibility
Below are the eligible individuals and entities who can apply for the Punjab National Bank FD. Check to avoid any confusion -
Resident individuals
Non-Resident Indians (NRIs)
Hindu Undivided Families (HUFs)
Sole proprietorships and partnership firms
Public and private limited companies
Registered societies, trusts, and associations
Key Takeaways
Punjab National Bank Fixed Deposits offer flexible tenures from 7 days to 10 years, helping individuals align their savings with short-term or long-term financial goals. Features like easy online and offline booking, loan and overdraft facility against FDs, and additional interest for senior citizens make it a convenient investment option. Before investing, it’s advisable to compare Punjab National Bank FD rates with other banks to choose the best fit for your needs. To make an informed choice, you can compare FD Interest Rates in India across various banks and schemes.
What are the current FD rates of Punjab National Bank FD?
The latest Punjab National Bank FD interest rates range from 3.50% to 7.00% per annum for general citizens and 4.00% to 7.50% p.a. for senior citizens.
What is the current PNB 390-day FD interest rate?
The current PNB 390 days FD interest rate is 6.70% for general citizens and 7.20% for senior citizens for deposits below ₹3 crore.
Can a tax-saving FD be broken before maturity in PNB?
No, PNB’s Tax Saver Fixed Deposit has a lock-in period of 5 years and cannot be withdrawn prematurely under any circumstances. Exceptions: only if the customer passes away, the nominee/claimant can make a premature withdrawal.
Which FD is better in Punjab National Bank?
Punjab National Bank offers various FDs such as PNB Pranam for prospective senior citizens, PNB Uttam (Non-Callable) for high-value deposits, and Tax Saver FD for Section 80C benefits. The choice depends on the investor’s financial goals and requirements.
What is the penalty for premature FD withdrawal in PNB?
PNB charges a penalty of 0.5% to 1% on premature FD withdrawals, depending on the deposit amount and tenure. There is no penalty for senior citizens, staff members, or in case of the depositor’s death.
Can I take a loan against my PNB Fixed Deposit?
Yes, PNB allows loans of up to 90% of the FD value. The loan tenure is either 3 years or the remaining FD period, whichever is lower. Loans are not available against tax-saving or capital gains FDs.
˜Top 5 plans based on annualized premium, for bookings made through https://www.policybazaar.com in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in * The Guaranteed Returns are dependent on the policy term and premium term availed, along with the other variable factors. The 6.9% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and premium term of 10 years with a Rs . 20,000 monthly instalment premium. The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year, and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
** The Life Cover amount varies as per plan specifications. Please read the policy document for details.
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
