Download the Policybazaar app
to manage all your insurance needs.
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.
Guaranteed Returns
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
-
Home
-
FD Interest Rates
-
PNB FD Interest Rates
- PNB MIBOR Linked Notice 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 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.
People also read: Which Bank is Best for Fixed Deposit
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 |
People also read: FD Calculator
FD Calculator
Interest Earned
Maturity AmountFD Rates articles
Recent Articles
Popular Articles
24 Mar 2026
The HSBC Zero Balance Savings Account is a basic savings account
24 Mar 2026
The IDBI Bank Zero Balance Savings Account facilitates financial
23 Mar 2026
The Federal Bank Zero Balance Savings Account allows customers*All savings are provided by the insurer as per the IRDAI approved
insurance plan. Standard T&C Apply
+ Trad plans with a premium above 5 lakhs would be taxed as per
applicable tax slabs post 31st march 2023
#Discount offered by insurance company
++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