PNB MIBOR Linked Notice Deposit Scheme

The PNB MIBOR Linked Notice Deposit Scheme is a financial product that offers you interest rates linked to the Mumbai Interbank Offered Rate (MIBOR). This scheme from Punjab National Bank (PNB) provides you with liquidity and competitive returns, which is ideal for customers seeking flexible and market-aligned interest rates on their short-term deposits.

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 Mibor Linked Notice Deposit Scheme

The key features of the PNB Mibor Linked Notice Deposit Scheme are as follows:

Objective: Provide a deposit product with an interest rate linked to MIBOR (Mumbai Inter Bank Offer Rate) NSE Overnight.
Applicability: Applicable in CBS branches of METRO Cities only.
Deposit Amount: Single deposit above Rs. 10.00 crore, in multiples of Re. 1. No limit on acceptance once the daily spread is quoted. No deposits on reporting Fridays.
Period of Deposit: Minimum 7 days to maximum 60 days.
Rate of Interest: Linked to MIBOR (NSE Overnight), decided by Treasury Division-HO with a daily reset (simple interest). Upper cap reviewed quarterly by HO: Treasury Division in consultation with ALCO.
Premature Payment/Part Withdrawal: No penalty, but requires one clear working day notice.
Issuance of FDR: Interest rate linked to the Benchmark rate at the opening date mentioned in the FD receipt. The maturity value is calculated daily (simple interest).
Auto Renewal: Auto-renewal for 14 days at maturity if no contrary instruction is given. Auto-renewal continues every 14 days until contrary instructions are received.
Demand Loan/OD Facility: Not available.
Tax Deduction at Source: As per HO: Finance Division instructions. Tax is deducted at the source per the depositor's mandate.

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 Mibor Linked Notice Deposit Scheme

High Net Worth Individuals (HNIs)
Companies and Corporate Bodies
Public Sector Undertakings
Commercial Organizations

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