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.

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 up to 6.9%*

Fully Tax-Free* (unlike FD), Life Cover Included

Your Name

+91

Your Mobile

View Plans

Your personal information is secure with us

By clicking on "View Plans" you agree to our Privacy Policy and Terms of use Tax benefit is subject to changes in tax laws

Get Updates on WhatsApp

We are rated⁺⁺

10.5 Crore

Registered Consumer

Insurance Partners

5.3 Crore

Policies Sold

FD Interest Rates of Domestic/NRO (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

VIEW PLANS

*For annual premium upto ₹5 Lacs

FD Interest Rates of Domestic/NRO (Rs. 3 Crore and Above)

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 Recurring Deposit Scheme

Period of RD: 6 months to 120 months, in multiples of 1 month.
Maturity Payment: Due on maturity or one month after the last installment deposit, whichever is later.
Irregular/Discontinued Accounts:
- If pending installments are not deposited until maturity, interest is paid on a daily product basis, compounded half-yearly.
- If pending installments are deposited before maturity, a penalty of Rs.1.00 per Rs.100 per month is charged.
Loan/Overdraft Facility: Available against the deposit. Refer to the loan against term deposit for details.
Interest Rate: The applicable card rate for the tenor of the deposit, subject to change as displayed on the website.
Nomination Facility: Available.
TDS: Applicable as per rules, with the bank issuing a TDS certificate for the tax deducted.
Deposit Amount for PNB Recurring Deposit Scheme:
- Minimum deposit of Rs. 100/- and in multiples thereof.
- Maximum deposit amount is capped.

Eligibility Criteria for PNB Recurring Deposit Scheme:

Individuals (singly or jointly).
Minors aged 10 years or older in their own names with proof of age.
Minors below 10 years under the guardianship of a natural or legal guardian.
Proprietorships, partnership firms, commercial organizations, companies, or corporate bodies.
Hindu Undivided Families (HUF).
Associations, clubs, societies, trusts, or religious/charitable educational institutions.
Municipalities, panchayats, and government or quasi-government bodies.
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.

Invest in Plans that offer Guaranteed Returns for over 25 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