PNB Floating Rate Fixed Deposit Scheme

The PNB Floating Rate Fixed Deposit Scheme offers interest rates linked to external benchmarks, ensuring the potential for higher returns in rising interest rate scenarios. This scheme provides flexibility with various tenure options, assured returns, and the safety of a fixed deposit, making it an attractive choice for investors seeking stability and growth.

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 up to 6.9%*

Fully Tax-Free* (unlike FD), 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	3.25%	3.75%
15 Days to 29 Days	3.25%	3.75%
1 Month to 2 Months	3.25%	3.75%
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	5.80%	6.30%
9 Months to 10 Months	6.00%	6.50%
10 Months	5.90%	6.40%
10 Months to 12 Months	6.00%	6.50%
1 Year	6.40%	6.90%
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	6.50%	7.00%
3.3 Years	6.40%	6.90%
3.3 Years to 5 Years	6.50%	7.00%
5 Years	6.50%	7.00%
5 Years to 5.2 Years	6.00%	6.80%
5 Years to 5.2 Years	6.50%	7.00%
5.2 Years	5.85%	6.65%
5.2 Years to 10 Years	6.00%	6.80%

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 Floating Rate Fixed Deposit Scheme

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

Deposit Amount: Minimum Rs. 1000/-, in multiples thereof. FDRs above Rs. 10 crore require approval by the Treasury Division, HO.
Period of Deposit: Tenure of this investment option is from 7 days to a maximum of 10 years, including incomplete quarters.
Issue of Confirmation of Deposit: Interest rates may change during the FD term, so maturity value cannot be pre-calculated. The applicable rate at the FD opening date will be mentioned with a note: “Subject to change in the rate of interest from time to time during the currency of the FD.”
Demand Loan/Overdraft Facility: Available against FD with a minimum of Rs. 10,000/- on written request and completion of formalities. Facility not available for accounts of illiterate or blind persons. Loan/OD liability may be adjusted from FD proceeds at maturity.
Premature Withdrawal:
Deposits up to Rs. 10 Crore:
- Up to 5 years: Interest payable will be 1% less than the applicable rate for the actual period.
- Above 5 years: Interest payable will be 0.5% less than the applicable rate for the actual period.
Deposits above Rs. 10 Crore: No reduction in the interest rate for premature cancellation. Approval required from Treasury Division, HO.
Exemptions: Staff members, senior citizens, and in cases of depositor death before maturity are exempt from penal interest.

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 Floating Rate Fixed Deposit Scheme

Individuals (singly or jointly with others)
Minors aged 10 years and above, with proof of age
Proprietorships, partnerships, companies, and corporations
Hindu Undivided Families (HUFs)
Associations, clubs, societies, trusts, religious, charitable, or educational institutions
Municipalities, panchayats, government, or quasi-government bodies

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