Flexi Fixed Deposit Punjab National Bank

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What is a Punjab National Bank Flexi Deposit?

Flexi Deposit Punjab National Bank combines the benefits of a savings account with the earning potential of fixed deposits. When the account balance exceeds ₹50,000, the surplus is swept in multiples of ₹5,000 into your savings account with tenures ranging from 46 to 179 days. For current account holders, the PNB Smart Banking Current Deposit Scheme under the Gold variant has a threshold amount of ₹5 lakhs. The excess amount is swept into Flexi Fixed Deposit in multiples of ₹50,000, with tenures ranging from 7 days to 1 year. 

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:

*Punjab National Bank FD interest rates w.e.f. June 18, 2025

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 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: 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.

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.

1. 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.

2. 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:

Key Takeaways

Punjab National Bank Flexi Deposit is suitable for investors who want to earn higher returns than regular FDs while maintaining access to their funds. It helps you avoid penalties associated with premature closure by allowing partial withdrawals through an automatic sweep-in or sweep-out feature. With online and offline options to open the deposit, it lets you earn competitive FD interest rates significantly higher than a regular savings account offers.