PNB Bulk Fixed Deposit Scheme

The PNB Bulk Fixed Deposit Scheme offers competitive FD interest rates for large deposits, catering primarily to institutional investors and corporate entities. This scheme by Punjab National Bank (PNB) allows for substantial investments with flexible tenure options, ensuring stable returns and liquidity management tailored to business needs.

Returns as high
as 6.9%^*

Includes life cover

Completely Tax free⁺

Maximum returns Offered by Guaranteed

Highest

6.9%^*

Guaranteed Plan

(by insurance companies)

(10 Years)

6.5%^**

Fixed Deposits

(by SBI bank)

(5-10 Years)

6.9%^***

Public Provident Fund

(other popular options)

(15 Years)

Get Guaranteed returns upto 6.9%*

Fully Tax-Free unlike FD⁺ and Life Cover Included

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PNB FD Interest Rates for Domestic/NRO Term Deposits (Below Rs. 3 Crore)

Tenure	Regular Rates Current Rates	Senior Citizen
7 Days to 14 Days	3.00%	3.50%
15 Days to 29 Days	3.00%	3.50%
1 Month to 2 Months	3.00%	3.50%
2 Months to 2 Months	4.50%	5.00%
2 Months to 3 Months	4.50%	5.00%
3 Months to 6 Months	4.90%	5.40%
6 Months to 9 Months	5.60%	6.10%
9 Months to 10 Months	5.60%	6.10%
10 Months	5.50%	6.00%
10 Months to 12 Months	5.60%	6.10%
1 Year	6.25%	6.75%
1 Year to 1.1 Years	6.40%	6.90%
1.1 Years	6.60%	7.10%
1.1 Years to 1.4 Years	6.40%	6.90%
1.4 Years	6.30%	6.80%
1.4 Years to 2 Years	6.40%	6.90%
2 Years to 3 Years	6.40%	6.90%
3 Years to 3.3 Years	6.25%	6.75%
3.3 Years	6.15%	6.65%
3.3 Years to 5 Years	6.25%	6.75%
5 Years	6.25%	6.75%
5 Years to 5.2 Years	6.00%	6.50%
5 Years to 5.2 Years	6.00%	6.80%
5.2 Years	5.85%	6.35%
5.2 Years to 10 Years	6.00%	6.50%

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

Tax on Profit

Taxable

Risk

Low Risk

Debt Mutual Fund

Returns Before Tax

8% ^(TAXABLE)

Returns After Tax

5.5%

Guaranteed Returns

Life Cover

Tax on Profit

Taxable

Risk

High Risk

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*For annual premium upto ₹5 Lacs

PNB FD Interest Rates for Domestic/NRO Term Deposits (Rs. 3 Crore – 10 Crore)

Period	Revised Rates For General Citizen W.E.F. 10.06.2024 (%)
7 days to 14 days	6.00
15 days to 29 days	6.00
30 days to 45 days	6.00
46 days to 60 days	6.40
61 days to 90 days	6.60
91 to 179 days	6.50
180 days to 270 Days	6.65
271 days to 299 Days	6.75
300 Days	6.75
300 Days to < 1 Year	6.75
1 Year	7.25
> 1 Year to 399 Days	6.80
400 days	6.80
401 days to 2 years	6.80
> 2 year to 3 years	6.50
> 3 year to 1203 days	6.25
1204 days**	6.15
1205 days to 5 years	6.25
> 5 years to 1894 days	5.60
1895 days**	5.45
1896 days to 10 years	5.60

Features of PNB Bulk Fixed Deposit Scheme

The key features of PNB Bulk Fixed Deposit Scheme are as follows:

Deposit Amount: Single deposit above Rs. 10.00 crore, and in multiples of Re. 1 thereafter. Special requirements for Interbank deposits of Rs. 2 crore & above, NRE & NRO Term Deposits above Rs. 10 crore, and FCNR (B) deposits of 1 Mio and above for USD, GBP & EUR.
Period of Deposit:
- Maturity Option: 7 days to 120 months.
- Income Option: 6 months to 120 months.
Interest Option:
- Income Option: Interest payable monthly/quarterly or at maturity. Monthly interest paid at discounted value; quarterly compounded for half-yearly and yearly payments.
- Maturity Option (Re-investment): Interest compounded quarterly, payable at maturity. Incomplete quarters counted at the end for interest calculation.
Conversion/ Change in Option: No conversion allowed.
Auto Renewal: Not allowed.
Premature Renewal/ Extension: Not allowed.
Part Withdrawal: Not allowed.
Advances/ Overdraft Facility: Guidelines per HO: IRMD applicable. Prior approval required for withdrawals over Rs. 25 crore from HO: Treasury Division. Overdraft/loan facility not available for accounts in the name of minors.
Maturity Value: Calculated by the system on quarterly compounding basis for deposits in maturity option. In the income option, interest payable quarterly at simple rate or monthly at discounted rate as chosen by the depositor.
Other Issues: For any clarification/information, contact HO: Treasury Division only.

FD interest rates India have fallen consistently over the last 12 years.

Invest in Plans that offer Guaranteed Returns for over 25 Years

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Eligibility Criteria for PNB Bulk Fixed Deposit Scheme

Individuals can open accounts singly or jointly.
Minors aged 10 years and above can open accounts with proof of age.
Proprietorships, partnerships, companies, and corporations can open accounts.
Hindu Undivided Families (HUFs) are eligible to open accounts.
Associations, clubs, societies, trusts, religious, charitable, or educational institutions can open accounts.
Municipalities, panchayats, governments, or quasi-government bodies can open accounts.
Illiterate and blind persons can also open accounts.

PNB Interest Rates for Tax Saver Fixed Deposit Scheme

	Rates For General Citizens (%)	Rates For Sr. Citizen (%)
5 Years	6.50	7.00
> 5 Years to 1894 days	6.50	7.00
1895 days	6.35	6.85
1895 days to 10 years	6.50	7.00