PNB Balika Shiksha

FD Interest Rates of Domestic/NRO (Below Rs. 3 Crore)

FD Interest Rates of Domestic/NRO (Rs. 3 Crore and Above)

*PNB FD interest rates, callable and non-callable, for deposits above 3 crore w.e.f March 14, 2026

Eligibility of PNB Balika Fixed Deposit Shiksha

• Eligible Students:

• All girls who pass class VIII from Kasturba Gandhi Balika Vidyalayas and enroll for class IX in State/UT Govt., Govt. aided, or local bodies schools from the academic year 2008-09 onwards, irrespective of their caste.

• All SC/ST girls who pass class VIII and enroll for class IX in State/UT Govt., Govt. aided, or local bodies schools from the academic year 2008-09 onwards.

• Additional Conditions:

• The accounts must be for unmarried girls below 16 years of age as on 31st March of the year they join class IX.

• Exclusions:

• Students enrolled in private unaided schools.

• Students enrolled in schools run by the Central Government.

This ensures that the scheme supports the education of girls from disadvantaged backgrounds, encouraging them to continue their studies beyond class VIII.

Features of PNB Balika Shiksha Fixed Deposit Scheme

Savings Account Opening:

• Initial Deposit Amount: NIL.

• Requirement: Application with birth certificate issued by the School Head based on enrollment record.

Fixed Deposit:

• Deposit Amount: ₹3,000 deposited by the Government of India.

• Eligibility for Withdrawal: Girl child can withdraw upon reaching 18 years of age.

• Period of Deposit: From the deposit date to the date the girl child turns 18.

Withdrawal Process:

• Pre-condition: Successful completion of Class X Board Examination.

• Required Documents:

• Xth class pass certificate.

• Certificate from the Principal/Head of the School confirming continuation of studies for at least 2 years after enrollment in Class IX.

• Study Requirement: Continuation of studies for at least 2 years in secondary school after enrollment in Class IX.

Automatic Renewal:

• Renewal Duration: Auto renewal for 30 days until final disposal of funds.

• Conditions: No auto renewal if directions are received from the implementing agency before the due date. In such cases, the implementing agency will authorize the bank to transfer the matured amount to the Savings account of the girl beneficiary.

Loan/Advance:

• No loan or advance against these deposits.

Interest Rate:

• CARD interest rate as applicable for normal Fixed Deposit schemes for various tenors.

Premature Cancellation:

• Restriction: No premature withdrawal allowed.

• Exception: In case of the student’s death before age 18, the amount will be transferred to the Central Government's account.

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