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PNB Scheme For Road Accident Victims
Punjab National Bank (PNB) offers the Annuity Term Deposit Scheme specifically for victims of road accidents. This scheme understands the challenges of managing a lump sum compensation amount awarded by courts. It provides a solution by converting that amount into a steady source of income.
Guaranteed Returns
Includes Life Cover
Completely Tax Free+
3 Benefits, 1 Plan
Maximum returns offered by:
6.9%*
(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 6.9%*
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 Scheme For Road Accident Victims
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)
| 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 |
People also read: FD Interest Rates
Features of PNB Scheme For Road Accident Victims
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Tenor: 12 months to 120 months (automatically renews for periods exceeding 120 months if court ordered).
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Interest: 1% above standard FD interest rate (compounded monthly, paid monthly at a discounted rate).
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Loan Against Deposit: Not allowed without court permission.
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Premature Withdrawal: Not allowed without court permission.
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Minimum Deposit: ₹100.
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Maximum Deposit: ₹1,99,99,999.
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Linked Savings Account: Mandatory for monthly interest credit.
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Cheque Book: Not issued for linked savings account.
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Nomination: Available.
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TDS: Applicable, certificate provided by the bank.
FD interest rates India have fallen consistently over the last 12 years.
People also read: Which Bank is Best for Fixed Deposit
Eligibility of PNB Scheme For Road Accident Victims
Individuals: Any individual can open the term deposit, either singly or jointly with others.
Minors:
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Minors aged 10 years and above can open the term deposit in their own name.
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For minors under 10 years, the account can be opened under guardianship.
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Court orders are required to support claims in the name of minors.
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
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˜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