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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.
Guaranteed Returns
Includes Life Cover
Completely Tax Free+
3 Benefits, 1 Plan
Maximum returns offered by:
7.3%*
(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 7.3%*
Fully Tax-Free, Life Cover Included
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FD Interest Rates
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PNB FD Interest Rates
- PNB Floating Rate Fixed Deposit Scheme
PNB FD Interest Rates for Domestic/NRO Term Deposits (Below Rs. 3 Crore)
People also read: PNB FD Interest Rates
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 |
People also read: FD Interest Rates
Features of PNB Floating Rate Fixed Deposit Scheme
The key features of PNB Floating Rate Fixed Deposit Scheme are as follows:
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Deposit Amount: Minimum Rs. 1000/-, in multiples thereof. FDRs above Rs. 10 crore require approval by the Treasury Division, HO.
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Period of Deposit: Tenure of this investment option is from 7 days to a maximum of 10 years, including incomplete quarters.
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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.”
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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.
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Premature Withdrawal:
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Deposits up to Rs. 10 Crore:
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Up to 5 years: Interest payable will be 1% less than the applicable rate for the actual period.
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Above 5 years: Interest payable will be 0.5% less than the applicable rate for the actual period.
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Deposits above Rs. 10 Crore: No reduction in the interest rate for premature cancellation. Approval required from Treasury Division, HO.
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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.
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Eligibility Criteria for PNB Floating Rate Fixed Deposit Scheme
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Individuals (singly or jointly with others)
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Minors aged 10 years and above, with proof of age
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Proprietorships, partnerships, companies, and corporations
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Hindu Undivided Families (HUFs)
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Associations, clubs, societies, trusts, religious, charitable, or educational institutions
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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 |
People also read: FD Calculator
FD Calculator
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+ Trad plans with a premium above 5 lakhs would be taxed as per
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#Discount offered by insurance company
##The Guaranteed Returns are dependent on the policy term and premium term availed along with other variable factors. 7.3% 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