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PNB FD Scheme For Road Accident Victims
The PNB FD Scheme for Road Accident Victims is designed to assist those who've been awarded compensation by a Motor Tribunal following a road accident. It allows you to securely deposit the compensation amount, following court orders, and earn interest on it. This scheme falls under the fixed deposit category with the benefit of offering the maximum interest rate available for such deposits.
Guaranteed Returns
Includes Life Cover
Completely Tax Free+
3 Benefits, 1 Plan
Maximum returns offered by:
6.9%*
(Tax-Free)
Guaranteed Plan
(By Insurance companies)4.6%*
(After Tax)
Fixed Deposit
(Offered by Banks)4.0%*
Savings Account
(Post Office)Get Guaranteed returns upto 6.9%*
Fully Tax-Free, Life Cover Included
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FD Interest Rates
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PNB FD Interest Rates
- PNB FD Scheme For Road Accident Victims
FD Interest Rates of Domestic/NRO (Below Rs. 3 Crore)
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FD Interest Rates of Domestic/NRO (Rs. 3 Crore and Above)
| 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 FD Scheme For Road Accident Victims
The PNB Fixed Deposit (FD) Scheme for Road Accident Victims offers several features designed to provide financial support and stability:
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Interest Payment: Interest is paid monthly at a discounted rate, ensuring a regular income stream for the victims.
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Period of Deposit: Deposits can be made for any duration ranging from 12 months to 120 months, allowing flexibility based on individual needs.
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Automatic Renewal: The FD will be automatically renewed for the period specified by the court, ensuring continued financial security without the need for manual intervention.
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Interest Rate: The scheme offers an interest rate that is 1% higher than the CARD rate applicable for standard Fixed Deposit schemes for various tenors.
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Premature Cancellation/Part Withdrawal: Premature cancellation or partial withdrawal of the deposit is not allowed, ensuring that the funds remain intact and continue to generate income.
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Loans & Advances: No loans or advances are permitted under this scheme.
FD interest rates India have fallen consistently over the last 12 years.
Eligibility Criteria of PNB FD Scheme For Road Accident Victims
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Individuals or dependents can open an account singly or jointly with others.
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Minors aged 10 years and above can open an account in their own names.
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Minors below 10 years can open an account under the guardianship of an adult.
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Court orders supporting the claim in the individual's or their names are required for eligibility.
PNB Tax Saver 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 |
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in