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PNB Recurring Deposit Scheme
The PNB Recurring Deposit Scheme (RD) is a savings plan offered by Punjab National Bank (PNB) that helps you cultivate a habit of saving money regularly. It's ideal for those who want to build a corpus gradually by depositing a fixed amount each month. Throughout the tenure, you earn interest on the deposited amount. The interest rate offered by PNB varies depending on the deposit term and your account type (regular citizen, senior citizen, etc.). At maturity (when the deposit term ends), you receive the entire principal amount you deposited along with the accumulated interest.
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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Home
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FD Interest Rates
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PNB FD Interest Rates
- PNB Recurring Deposit Scheme
FD Interest Rates of Domestic/NRO (Below Rs. 3 Crore)
People also read: PNB FD Interest Rates
FD Interest Rates of Domestic/NRO (Rs. 3 Crore and Above)
| 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 Recurring Deposit Scheme
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Period of RD: 6 months to 120 months, in multiples of 1 month.
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Maturity Payment: Due on maturity or one month after the last installment deposit, whichever is later.
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Irregular/Discontinued Accounts:
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If pending installments are not deposited until maturity, interest is paid on a daily product basis, compounded half-yearly.
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If pending installments are deposited before maturity, a penalty of Rs.1.00 per Rs.100 per month is charged.
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Loan/Overdraft Facility: Available against the deposit. Refer to the loan against term deposit for details.
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Interest Rate: The applicable card rate for the tenor of the deposit, subject to change as displayed on the website.
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Nomination Facility: Available.
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TDS: Applicable as per rules, with the bank issuing a TDS certificate for the tax deducted.
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Deposit Amount for PNB Recurring Deposit Scheme:
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Minimum deposit of Rs. 100/- and in multiples thereof.
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Maximum deposit amount is capped.
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Eligibility Criteria for PNB Recurring Deposit Scheme:
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Individuals (singly or jointly).
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Minors aged 10 years or older in their own names with proof of age.
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Minors below 10 years under the guardianship of a natural or legal guardian.
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Proprietorships, partnership firms, commercial organizations, companies, or corporate bodies.
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Hindu Undivided Families (HUF).
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Associations, clubs, societies, trusts, or religious/charitable educational institutions.
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Municipalities, panchayats, and government or quasi-government bodies.
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Illiterate and blind individuals.
People also read: Which Bank is Best for Fixed Deposit
PNB Uttam (Non-Callable) Fixed Deposit Scheme Rates
| Period | Rates For General Citizen W.E.F. 10.06.2024 (%) |
| 7 days to 14 days | NA |
| 15 days to 29 days | NA |
| 30 days to 45 days | NA |
| 46 days to 60 days | NA |
| 61 days to 90 days | NA |
| 91 to 179 days | 6.55 |
| 180 days to 270 Days | 6.70 |
| 271 days to 299 Days | 6.80 |
| 300 Days | 6.80 |
| 300 Days to < 1 Year | 6.80 |
| 1 Year | 7.30 |
| > 1 Year to 399 Days | 6.85 |
| 400 days | 6.85 |
| 401 days to 2 years | 6.85 |
| > 2 year to 3 years | 6.55 |
| > 3 year to 1203 days | 6.30 |
| 1204 days** | 6.20 |
| 1205 days to 5 years | 6.30 |
| > 5 years to 1894 days | 5.65 |
| 1895 days** | 5.50 |
| 1896 days to 10 years | 5.65 |
FD interest rates India have fallen consistently over the last 12 years.
PNB Tax Saver 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
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10 Feb 2026
Fixed Deposit (FD) interest rates in India currently range from*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