Download the Policybazaar app
to manage all your insurance needs.
PNB Flexi Fixed Deposit
PNB Flexi FD comes under the SF Prudent Sweep Deposit Scheme. Under this scheme, the balance in your savings account is automatically moved into a fixed deposit in multiples of ₹5,000, allowing partial withdrawals without breaking the entire deposit.
Guaranteed Returns
Includes Life Cover
Completely Tax Free+
3 Benefits, 1 Plan
Maximum returns offered by:
7.4%*
(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 7.4%*
Fully Tax-Free, Life Cover Included
-
Home
-
FD Interest Rates
-
PNB FD Interest Rates
- Flexi Fixed Deposit Punjab National Bank
PNB SF Prudent Sweep Deposit Scheme
The SF Prudent Sweep Deposit Scheme, also known as PNB Flexi FD, is available only to individual savings account holders at PNB. To open this account, you need a minimum quarterly average balance of ₹25,000 with no charges. Once your savings balance crosses ₹50,000, any surplus above this limit is automatically swept into a fixed deposit, in multiples of ₹5,000. Fixed deposits under this scheme are created for a minimum period of 46 days and a maximum of 179 days.
If your savings balance falls below the set limit, funds are swept back in from the fixed deposit to top it up, following a Last In, First Out basis, meaning the most recent deposit is withdrawn first. The FD portion continues to earn the prevailing PNB fixed deposit interest rates applicable to its tenure.
Punjab National Bank Flexi Deposit Interest Rates
Flexi Fixed Deposit Interest Rates are usually the same as regular FD rates. Here are the latest Punjab National Bank FD rates for general and senior citizens, effective from June 1, 2026:
| Period | General Rates (p.a.) | Senior Citizen Rates (p.a.) |
| 7 to 14 Days | 3% | 3.5% |
| 15 to 45 Days | 3% | 3.5% |
| 46 to 90 Days | 4.5% | 5% |
| 91 to 154 Days | 4.9% | 5.4% |
| 155 Days | 5.55% | 6.05% |
| 156 Days to 179 Days | 4.9% | 5.4% |
| 180 to 270 Days | 5.6% | 6.1% |
| 271 Days to 302 Days | 5.6% | 6.1% |
| 303 Days | 5.55% | 6.05% |
| 304 Days to >1 Year | 5.6% | 6.1% |
| 1 Year | 6.25% | 6.75% |
| >1 Year to 389 Days | 6.3% | 6.8% |
| 390 Days | 6.3% | 6.8% |
| 391 Days to 443 Days | 6.3% | 6.8% |
| 444 Days | 6.6% | 7.1% |
| 445 Days to 665 Days | 6.3% | 6.8% |
| 666 Days | 6.5% | 7% |
| 667 Days to 2 Years | 6.3% | 6.8% |
| >2 to 3 Years | 6.3% | 6.8% |
| >3 Years to 1203 Days | 6.35% | 6.85% |
| 1204 Days | 6.3% | 6.8% |
| 1205 Days to 5 Years | 6.35% | 6.85% |
| >5 Years to 10 Years | 6% | 6.8% |
* *Punjab National Bank FD interest rates w.e.f. June 1, 2026
Key Features of PNB Flexi Fixed Deposit
The Punjab National Bank Flexi Deposit offers multiple features that make it a practical choice for individuals looking to grow their investment. Some of these include:
- Better Returns: Surplus balances earn fixed deposit rates, giving stronger returns than a standard PNB savings account.
- Straightforward Activation: You can activate the Flexi Fixed Deposit through internet banking or by visiting any Punjab National Bank branch.
- Auto-Renewal & Nomination: The Flexi Fixed account is auto-renewed on maturity, and nomination services provide additional assurance.
- Secure & Convenient: The Flexi Fixed Deposits are protected under RBI regulations, offering a safe and structured way to grow funds.
- Free Add-On Facilities: The other benefits include free cheque leaves, limited free remittances and cheque collections, and concessional rates on demat account maintenance.
- Flexible Tenure: Fixed deposits under this scheme range from 46 days to 179 days, giving you a short-term option to park surplus funds.
How to Open a Punjab National Bank Flexi Fixed Deposit?
You can open a Flexi Deposit at Punjab National Bank online or by visiting a branch. Existing customers can book the deposit directly, while new customers must first open a savings account and then link the Flexi Deposit.
Online FD Opening
You can book a Punjab National Bank FD online if you are an existing customer with NetBanking or the PNB ONE mobile app.
- NetBanking or PNB ONE app: Log in to your PNB NetBanking with your credentials or open the PNB ONE app.
- Go to ‘Fixed Deposit’: Tap on 'Term Deposit/Fixed Deposit' and then select 'Open FD'.
- Select FD Amount: Select your account and enter the amount (starting from ₹1,000).
- Select FD Type: Choose a deposit type from the available options, such as a cumulative (reinvestment) or non-cumulative (interest payout) FD.
- Maturity Instructions: Select options for auto-renewal, interest payout frequency, or payout at maturity.
- Review & Confirm: Check all details, accept the terms & conditions, and submit.
- FD Receipt: Generate and print the term deposit receipt (e-TDR) instantly.
Offline FD Opening
You can also open a Flexi Fixed Deposit Punjab National Bank by visiting the nearest PNB branch:
- Carry Documents: Bring a copy of your PAN, Aadhaar, and a passport-size photo.
- Account Info: Provide your PNB savings account number.
- Request Form: Ask for the Flexi Deposit or Auto Sweep FD form.
- Fill Details: Enter your preferred sweep-in limit, FD amount, and tenure.
- Submit Documents: Hand over the form and documents to the branch officer.
- Verification: The bank will verify your details and initiate the setup.
- Activation: You’ll be notified once your Punjab National Bank Flexi Deposit is activated.
Difference Between Flexi Fixed Deposits and Regular Fixed Deposits
Follow the detailed comparison below between Flexi Fixed Deposit Punjab National Bank and regular fixed deposits to make a better investment choice:
| Punjab National Bank Flexi Fixed Deposit | Punjab National Bank Regular Fixed Deposit |
| Linked to a savings account with auto sweep-in and sweep-out features | An independent fixed deposit not linked to any savings account |
| Partial withdrawals are allowed without closing the full FD | The entire FD must be closed for premature withdrawal |
| Offers high liquidity and flexibility | Offers stable returns but limited liquidity |
| Earns FD interest on surplus savings balance | Interest is earned only on the deposited lump sum |
| Suitable for avoiding penalties on Punjab National Bank FD premature withdrawal, as only the required portion is withdrawn | It may attract a penalty of 1% on the Punjab National Bank FD since the whole deposit is closed |
Key Takeaways
PNB Flexi Fixed Deposit is a smart choice for investors who want higher returns than a regular savings account. Its automatic PNB sweep-in and sweep-out feature allows partial withdrawals, helping you avoid the penalties that come with breaking a regular FD early. You can open a Flexi Deposit online or by visiting a PNB branch, and earn FD interest rates that are noticeably higher than what a regular savings account offers.
FAQs
-
1. What is a Flexi Fixed Deposit in Punjab National Bank?
It is a savings-linked deposit that automatically transfers surplus funds in multiples of ₹5,000 into a fixed deposit. If the savings account balance drops below ₹50,000, funds are automatically withdrawn from the FD to maintain liquidity. -
2. Can a Tax Saving FD be opened as a Flexi Deposit at PNB?
No, PNB Tax Saving FD have a 5-year lock-in period and cannot be operated as Flexi Deposits. -
3. Is TDS applicable to Punjab National Bank Flexi Deposit?
Yes, Tax Deducted at Source (TDS) is deducted per income tax rules if the interest earned exceeds ₹50,000 for general citizens or ₹1,00,000 for senior citizens in a financial year.
FD Calculator
Interest Earned
Maturity AmountFD Rates Articles
Recent Articles
Popular Articles
10 Feb 2026
The fixed deposit interest rates in India are generally between*All savings are provided by the insurer as per the IRDAI approved
insurance plan. Standard T&C Apply
+ 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
##The Guaranteed Returns are dependent on the policy term and premium term availed along with other variable factors. 7.4% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and a premium term of 10 years with ₹5,00,000 annually installment premium. All plans listed here are from insurance companies’ funds.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
˜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