Punjab National Bank provides various FD options. You can securely park your surplus savings in these term deposits for a fixed duration. You are required to deposit the money once in a fixed deposit account and that too while opening the FD a/c with the bank. The money deposited cannot be increased or withdrawn during the tenure of the FD. PNB Fixed Deposits yield higher returns in comparison to PNB saving deposits.
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BANKS | GENERAL CITIZENS | SENIOR CITIZEN |
Punjab National Bank FD Rates | 2.90% - 5.25% | 3.50% - 5.75% |
Axis Bank FD Rates | 2.50% - 5.75% | 2.50% - 6.50% |
Bandhan Bank FD Rates | 3.00% - 5.00% | 3.75% - 5.75% |
Bank of Baroda FD Rates | 2.80% - 5.25% | 3.30% - 6.25% |
Bank of India FD Rates | 2.85% - 5.05% | 3.35% - 5.55% |
Canara Bank FD Rates | 2.90% - 5.40% | 2.90% - 5.90% |
Central Bank of India FD Rates | 2.75% - 5.00% | 2.90% - 3.25% |
DBS Bank FD Rates | 2.50% - 5.50% | 3.50% - 6.00% |
HDFC Bank FD Rates | 2.50% - 5.60% | 3.00% - 6.35% |
IDFC Bank FD Rates | 2.50% - 6.00% | 3.00% - 6.50% |
Indian Bank FD Rates | 2.90% - 5.15% | 3.40% - 5.65% |
Indian Overseas Bank FD Rates | 3.40% - 5.20% | 3.90% - 5.70% |
IndusInd Bank FD Rates | 2.50% - 6.00% | 3.00% - 6.50% |
SBI FD Rates | 5.30% - 5.40% | 5.80% - 6.20% |
UCO Bank FD Rates | 2.55% - 5.05% | 3.80% - 6.30% |
Yes Bank FD Rates | 3.25% - 6.25% | 3.75% - 7.25% |
Best PNB FD Interest Rates
The highest PNB FD interest rates that you can get on PNB Fixed Deposits is 5.30% per annum for all the deposits less than 2 crore rupees. On the other hand, senior citizens can get an interest rate of 5.80% per annum for similar deposits.
PNB Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quick calculation of the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate Fixed Deposit rates on the FD Calculator:
The amount that is invested
The Rate of Interest offered
The tenure of the Fixed Deposit Account
The compounding period, that is, yearly, half-yearly, quarterly, or monthly
The FD Amount
Once entered the following details, an investor will come to know:
The maturity value of the FD
The total interest earned during the complete tenure
FD Tenure | FD rates for deposits lesser than 2 crore Rupees W.E.F. 01. July.2021 | FD rates for deposits ranging between 2 and 10 crores W.E.F. 01. August.2021 |
Between 7 & 14 days | 3.00 percent | 2.90 percent |
Between 15 & 29 days | 3.00 percent | 2.90 percent |
Between 30 & 45 days | 3.00 percent | 2.90 percent |
Between 46 & 90 days | 3.25 percent | 2.90 percent |
Between 91 & 179 days | 4.00 percent | 2.90 percent |
Between 180 & 270 days | 4.40 percent | 2.90 percent |
Between 271 days & less than one year | 4.50 percent | 2.90 percent |
333 days | 4.50 percent | 2.90 percent |
One year | 5.25 percent | 2.90 percent |
444 days | 5.25 percent | 2.90 percent |
555 days | 5.25 percent | 2.90 percent |
More than one year and up to two years | 5.25 percent | 2.90 percent |
More than two years and up to three years | 5.30 percent | 2.90 percent |
More than five years and up to 10 years | 5.30 percent | 2.90 percent |
Note: The aforementioned PNB Fixed Deposit rates apply to W.E.F. 01st July 2021 for deposits that are lesser than 2 Crore and from 01st August 2021 for deposits that are between Rs.2 Crore and Rs.10 Crore.
FD Tenure | FD rates |
Between 7 & 14 days | 3.75 percent |
Between 15 & 29 days | 3.75 percent |
Between 30 & 45 days | 3.75 percent |
Between 46 & 90 days | 4.00 percent |
Between 91 & 179 days | 4.75 percent |
Between 180 & 270 days | 5.15 percent |
Between 271 days & less than 1 year | 5.25 percent |
333 days | 5.25 percent |
One year | 6.00 percent |
444 days | 6.00 percent |
555 days | 6.00 percent |
More than 1 year and up to 3 years | 6.00 percent |
More than 3 years and up to 5 years | 6.05 percent |
More than 5 years and up to 10 years | 6.05 percent |
Note: The aforementioned PNB FD rates for senior citizens will apply to W.E.F. 01st July 2021.
FD Tenure | FD rates for deposits lesser than 2 crore rupees W.E.F. 01. July.2021 | FD rates for deposits ranging between 2 and 10 crores W.E.F. 01. August.2021 |
1 year | 5.25 percent | 2.90 percent |
555 days | 5.25 percent | 2.90 percent |
1 & 3 years | 5.25 percent | 2.90 percent |
3 & 5 years | 5.25 percent | 2.90 percent |
5 & 10 years | 5.25 percent | 2.90 percent |
Note: The aforementioned PNB Fixed Deposit rates are applicable W.E.F. 01st July 2021 for deposits that are less than Rs.2 Crore and W.E.F. 01st August 2021 for deposits that are between Rs.2 Crore and Rs.10 Crore. No preferential rates are provided for senior citizens in this category.
Punjab National Bank provides several short-term FD options for those who wish to enjoy quick returns in a short period.
You can choose to invest for a period ranging from 7 days to less than 365 days. Also, you can earn great returns on these short-term FDs by PNB bank ranging from 3.00 percent to 4.50 percent on yearly basis.
PNB medium-term fixed deposits offer a rate of interest ranging from 4.50% p.a. to 5.30 percent per annum for anytime between 1 and 5 years.
For 1-year deposits, the PNB FD interest rate is 5.25 percent. And for deposits between 3 and 5 years, the applicable rate of interest is 5.30 percent.
Long-term fixed deposits are an ideal option for people who want to invest their money for a tenure of 5 to 10 years.
The interest rate on long-term FDs is 5.30 percent. You can also put your money in tax-saver FDs with a 5-year of the lock-in period. You can claim tax deductions under Sec. 80C of the Income Tax Act for investments up to 1.5 lakh rupees.
Senior citizens get higher PNB FD interest rates on their fixed deposits. Investors above the age of 60 years are offered an additional PNB FD interest rates i.e. 0.50 percent p.a. more than the regular depositors.
For short-term FD of minimum 7 to 14 days, generally, the rate of interest is 3.00 percent. But for senior citizens, the rate of interest is 3.50 percent. And for long-term deposits ranging from 5 to 10 years, the rate of interest that is applied is 5.80 percent
Punjab National Bank offers loans up to 90% of the deposited amount. It is to be noted that PNB does not offer loans against FD of some other banks. The bank offers loans against its fixed deposit at the interest rate of 4% to 6.25%. The maximum tenure of the loan is restricted up to the maximum FD tenure.
For saving tax, you can invest in PNB Tax Saver Fixed Deposit Scheme. Your deposited money is locked for a minimum of five years. The amount in which you have invested can be claimed for tax deductions under section 80C of the IT Act, 1961. In fixed deposits schemes, you can save a maximum of Rs.1.5 lakh. For bulk fixed deposits that are more than Rs.15 lakh and up to Rs.10 Crore, you can invest in PNB Uttam – Scheme that is noncallable. In this scheme, higher rates of interest are offered.
If you want to save for the education of your girl child, then you can invest in the PNB Balika Shiksha Fixed Deposit scheme. This FD scheme comes with a minimum deposit of three thousand rupees. You can take this scheme only if your girl child is enrolled in the ninth grade of a government school. The girl child will be the scheme's beneficiary and will as well be able to withdraw money from this fixed deposit when she becomes 18 years old. If you want to save tax on your gains from capital like stocks, property, etc. then the Capital Gain FD scheme will be of your use.
A fixed deposit calculator calculates the maturity amount of your FD. You can use an online fixed deposit calculator for knowing the returns of your investment, which depends on the following factors:
Any of the following can open invest in PNB FDs-
To start a fixed deposit account, the following documents are required-