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PNB Ordinary Term Deposit Scheme
The PNB Ordinary Term Deposit Scheme is a Fixed Deposit (FD) product offered by Punjab National Bank (PNB) that provides you with a secure and hassle-free way to grow your savings. It offers competitive FD interest rates, flexible tenure options, and the safety of capital, making it an ideal choice for risk-averse investors looking for stable returns.
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 Ordinary Term Deposit Scheme
PNB FD Interest Rates for Domestic/NRO Term Deposits (Below Rs. 3 Crore)
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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 |
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Features of PNB Ordinary Term Deposit Scheme
The key features of PNB Ordinary Term Deposit Scheme are as follows:
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Deposit Amount: The Term Deposit Ordinary (TDO) account can be opened with a minimum deposit of Rs. 100 and subsequent deposits in multiples of Re. 1, up to a maximum amount of Rs. 1,99,99,999.
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Period of Deposit: Deposits can be made for any period ranging from 7 days to 179 days.
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Interest: Interest rates are based on the Card Rate as per guidelines issued by HO: IRMD, ALM Cell, from time to time.
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Demand Loan/Overdraft Facility: Deposits of Rs. 10,000 and above, upon written request, are eligible for demand loan or overdraft facilities.
Eligibility Criteria for PNB Ordinary Term Deposit Scheme
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Individuals (singly or jointly).
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Minors aged 10 years and above, with proof of age.
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Proprietorships, partnerships, companies, corporations.
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Hindu Undivided Families (HUFs).
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Associations, clubs, societies, trusts, religious, charitable, or educational institutions.
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Municipalities, panchayats, governments, or quasi-government bodies.
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Illiterate and blind persons are also eligible to open accounts.
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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#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