PNB NRE Rupee Sugam Term Deposit Scheme

The PNB NRE Rupee Sugam Term Deposit Scheme is a specialized offering by Punjab National Bank (PNB) catering to Non-Resident Indians (NRIs). It provides a simplified and hassle-free way for NRIs to invest their foreign earnings in India with attractive FD interest rates and flexible tenure options.

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 upto 6.9%*

Fully Tax-Free unlike FD⁺ and 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	3.00%	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 NRE Rupee Sugam Term Deposit Scheme

The key features of PNB NRE Rupee Sugam Term Deposit Scheme are as follows:

Deposit Amount: Minimum Rs. 10,000/- with no maximum limit.
Period of Deposit: Can range from 1 year to 10 years.
Rate of Interest: Determined by Card Rate for NRE term deposits, subject to bank's circulars.
Premature/ Part Withdrawal:
- No penalty for withdrawing part or full deposit before maturity.
- Withdrawn amount earns interest based on the rate applicable at the time of deposit, with no interest if withdrawn before completing one year.
- Withdrawn amounts credited to NRE/NRO account.
Withdrawable Amount: Can withdraw any amount in multiples of Rs. 1,000/- without affecting the entire deposit, ensuring the remaining balance does not drop below Rs. 10,000/-.
Renewal of Term Deposit: Remaining deposit automatically renewed as per customer’s instruction upon maturity.
Compounding of Interest: Interest compounded quarterly as per RBI directives, subject to changes.
Payment of Interest:
- Income Option: Monthly/quarterly interest credited to NRE/NRO savings account. No interest paid if withdrawal occurs within one year.
- Reinvestment/ Maturity Option: Quarterly compounded interest credited to Term Deposit account if held for at least one year.

Eligibility Criteria for PNB NRE Rupee Sugam Term Deposit Scheme

Non-Resident Indians (NRIs) can open PNB NRE Rupee Sugam Term Deposit accounts either individually or jointly.

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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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