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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.
Guaranteed Returns
Includes Life Cover
Completely Tax Free+
3 Benefits, 1 Plan
Maximum returns offered by:
7.4%*
(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 7.4%*
Fully Tax-Free, Life Cover Included
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FD Interest Rates
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PNB FD Interest Rates
- PNB NRE Rupee Sugam Term Deposit Scheme
PNB FD Interest Rates for Domestic/NRO Term Deposits (Below Rs. 3 Crore)Â
People also read: PNB FD Interest Rates
PNB FD Interest Rates for Domestic/NRO Term Deposits (Rs. 3 Crore – 10 Crore)Â
| Tenure | General Citizen: Callable | General Citizen: Non-Callable |
| 7 days to 14 days | 4.5 | NA |
| 15 days to 29 days | 5 | NA |
| 30 days to 45 days | 5 | NA |
| 46 days to 60 days | 5 | NA |
| 61 days to 90 days | 5 | NA |
| 91 to 179 days | 5 | 5.05 |
| 180 days to 270 Days | 5.8 | 5.85 |
| 271 days to 302 Days | 6 | 6.05 |
| 303Days ** | 5.95 | 6 |
| 304 Days to < 1 Year | 6 | 6.05 |
| 1 Year | 6.1 | 6.15 |
| > 1 Year to 389 Days | 6.15 | 6.2 |
| 390 Days | 6.2 | 6.25 |
| 391 Days to 505 Days | 6.15 | 6.2 |
| 506Days ** | 6.15 | 6.2 |
| 507 Days to 2 years | 6.15 | 6.2 |
| > 2 years to 3 years | 6.05 | 6.1 |
| > 3 years to 1203 days | 5.35 | 5.4 |
| 1204 days** | 5.3 | 5.35 |
| 1205 days to 5 years | 5.35 | 5.4 |
| > 5 years to 1894 days | 5.6 | 5.65 |
| 1895 days** | 5.6 | 5.65 |
| 1896 days to 10 years | 5.6 | 5.65 |
*PNB FD interest rates, callable and non-callable, for deposits above 3 crore w.e.f March 14, 2026
People also read: FD Interest Rates
Features of PNB NRE Rupee Sugam Term Deposit Scheme
The key features of PNB NRE Rupee Sugam Term Deposit Scheme are as follows:
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Deposit Amount: Minimum Rs. 10,000/- with no maximum limit.
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Period of Deposit: Can range from 1 year to 10 years.
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Rate of Interest: Determined by Card Rate for NRE term deposits, subject to bank's circulars.
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Premature/ Part Withdrawal:
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No penalty for withdrawing part or full deposit before maturity.
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Withdrawn amount earns interest based on the rate applicable at the time of deposit, with no interest if withdrawn before completing one year.
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Withdrawn amounts credited to NRE/NRO account.
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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/-.
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Renewal of Term Deposit: Remaining deposit automatically renewed as per customer’s instruction upon maturity.
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Compounding of Interest: Interest compounded quarterly as per RBI directives, subject to changes.
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Payment of Interest:
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Income Option: Monthly/quarterly interest credited to NRE/NRO savings account. No interest paid if withdrawal occurs within one year.
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Reinvestment/ Maturity Option: Quarterly compounded interest credited to Term Deposit account if held for at least one year.
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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.
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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 |
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The fixed deposit interest rates in India are generally between*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
##The Guaranteed Returns are dependent on the policy term and premium term availed along with other variable factors. 7.4% 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