PNB Pranam Fixed Deposit Scheme

The PNB Pranam Fixed Deposit Scheme is a specialized term deposit plan by Punjab National Bank (PNB) designed to cater to the financial needs of senior citizens. It provides attractive interest rates and additional benefits tailored to enhance the financial security and comfort of elderly depositors.

Returns as high
as 7.1%^*

Includes life cover

Completely Tax free⁺

Maximum returns Offered by Guaranteed

Highest

7.1%^*

Guaranteed Plan

(by insurance companies)

(10 Years)

6.5%^**

Fixed Deposits

(by SBI bank)

(5-10 Years)

7.1%^***

Public Provident Fund

(other popular options)

(15 Years)

Get Guaranteed returns up to 7.1%*

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 to 14 days	3.50%	4.00%
15 to 29 days	3.50%	4.00%
30 to 45 days	3.50%	4.00%
46 to 90 days	4.50%	5.00%
91 to 179 days	5.50%	6.00%
180 to 270 days	6.00%	6.50%
271 days to 302 days	6.25%	6.75%
303 days	6.15%	6.65%
304 days to less than 1 year	6.25%	6.75%
1 year	6.70%	7.20%
Above 1 year to 389 days	6.80%	7.30%
390 days	7.00%	7.50%
391 days to 505 days	6.80%	7.30%
506 days	6.70%	7.20%
507 days to 2 years	6.80%	7.30%
Above 2 years to 3 years	6.75%	7.25%
Above 3 years to 1203 days	6.25%	6.75%
1204 days	6.15%	6.65%
1205 days to 5 years	6.25%	6.75%
Above 5 years to 1894 days	6.00%	6.80%
1895 days	5.85%	6.65%
1896 days 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

7.1% ^(TAX-FREE)

Returns After Tax

7.1%

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 Pranam Fixed Deposit Scheme

The key features of PNB Pranam Fixed Deposit Scheme are as follows:

Deposit Amount: Minimum Rs. 100/-, multiples of Re. 1/- up to Rs. 1,99,99,999/-.
Period of Deposit: Income Option: 1 to 10 years in chosen months/quarters. Maturity Option: 1 to 10 years, including incomplete quarters.
Interest: Card Rate per IRMD guidelines + 0.50% for Senior Citizens from age 60.
Interest Options:
- Income Option: Quarterly at simple interest or monthly at a discounted rate.
- Maturity Option: Compounded quarterly, paid at maturity.
Premature Withdrawal: Allowed with lower contractual or applicable rate, no penalty post age 60.
Demand Loan/Overdraft: Deposits above Rs. 10,000/- eligible on request. Overdraft available the next day.
Values under Different Options:
- Maturity Option: Senior Citizen status required from age 60 for additional interest.
- Income Option: Interest adjusts automatically on attaining Senior Citizen status.

Points to Remember:

Savings/Current account mandatory.
Date of birth mandatory.
No additional benefit if Senior Citizen status is not attained before death.
Existing depositors can switch with proof of age, old deposits cancelled without penalty.
Confirmation of Deposit (CD) reflects applicable interest rate from Senior Citizen status date.

Eligibility Criteria for PNB Pranam Fixed Deposit Scheme

Individuals aged 55 years and above, up to 60 years.
Can be opened singly or jointly with others. For joint deposits, the senior citizen must be the first holder.
Illiterate and blind persons aged 55 years and above can also open accounts.

FD interest rates India have fallen consistently over the last 12 years.

Invest in Plans that offer Guaranteed Returns for over 25 Years

People also read: Which Bank is Best for Fixed Deposit

Age Verification for PNB Pranam Fixed Deposit Scheme

The following documents are required at the time of account opening of this investment option:

Secondary School leaving Certificate
LIC Policy
Voters Identity Card
Pension Payment Order (if applicable)
Birth Certificate issued by competent authority
Passport
Driving License
PAN Card
Any other satisfactory proof as determined by the Branch Manager.

Branch Verification:

Verification is conducted at the branch level for both new and existing customers.

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