PNB Growth Fixed Deposit Scheme

The PNB Growth Fixed Deposit Scheme is a fixed-term investment option offered by Punjab National Bank (PNB), designed to provide safe and reliable returns. This scheme allows you to invest a lump sum amount for a predetermined period, earning attractive interest rates.

Guaranteed Return

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

+91

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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	3.00%	3.50%
15 Days to 29 Days	3.00%	3.50%
1 Month to 2 Months	3.00%	3.50%
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	5.60%	6.10%
9 Months to 10 Months	5.60%	6.10%
10 Months	5.50%	6.00%
10 Months to 12 Months	5.60%	6.10%
1 Year	6.25%	6.75%
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	6.25%	6.75%
3.3 Years	6.15%	6.65%
3.3 Years to 5 Years	6.25%	6.75%
5 Years	6.25%	6.75%
5 Years to 5.2 Years	6.00%	6.50%
5 Years to 5.2 Years	6.00%	6.80%
5.2 Years	5.85%	6.35%
5.2 Years to 10 Years	6.00%	6.50%

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 Growth Fixed Deposit Scheme

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

Deposit Amount: Minimum deposit of Rs. 2.00 Crore, and in multiples of Re 1 thereafter, up to maximum Rs. 10.00 crore.
Period of Deposit:
- Maturity Option: 7 days to 120 months.
- Income Option: 6 months to 120 months.
Interest: Card Rate as per guidelines issued by HO: IRMD, (ALM Cell) from time to time.
Interest Option:
- Income Option: Interest payable monthly/quarterly or at maturity. Monthly interest paid at discounted value; quarterly compounded for half-yearly and yearly payments.
- Maturity Option (Re-investment): Interest compounded quarterly, payable at maturity. Incomplete quarters are counted at the end for interest calculation.
Conversion/ Change in Option:
- Conversion allowed if the original FD period was 12 months or more, with the remaining period of at least 6 months.
- Rate adjusted to the current scheme rate for the remaining period after conversion.
- Interest accrued up to conversion date paid; any excess recovered before following depositor's instructions.
Part Withdrawal: Available only under Maturity Option. Depositors can withdraw multiples of Rs. 1,00,000/- before maturity, maintaining a minimum of Rs. 2 Crore core amount. Interest adjusted at contractual rate minus 1% or current scheme rate minus 1%, whichever is lower.
Advances/ Overdraft Facility: Available per HO: IRMD guidelines. Not available for accounts in the name of minors.

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 Growth 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
Illiterate and blind individuals can also open accounts

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

PNB Growth Fixed Deposit Scheme

PNB FD Interest Rates for Domestic/NRO Term Deposits (Below Rs. 3 Crore)

PNB FD Interest Rates for Domestic/NRO Term Deposits (Rs. 3 Crore – 10 Crore)

Features of PNB Growth Fixed Deposit Scheme

Eligibility Criteria for PNB Growth Fixed Deposit Scheme

PNB Interest Rates for Tax Saver Fixed Deposit Scheme

FD Rates articles