Punjab National Bank Senior Citizen FD Rates 2026

What is a PNB Senior Citizen FD?

A PNB Senior Citizen FD is a term deposit scheme for individuals aged 60 years and above. For senior citizens, FD interest payout options include monthly, quarterly, half-yearly, or cumulative (at maturity), depending on the depositor’s preference. Senior and super senior citizens get higher returns on an FD than the standard Punjab National Bank FD rates, ensuring a stable income for retirement. 

PNB Senior Citizen FD Rates: Highlights

• Senior Citizens Eligibility: From 60 to 80 years
• Super Senior Citizens Eligibility: 80 years and above 
• Additional Interest Rates for Senior Citizens : 
  • Up to 5 years: 0.50% extra
  • Above 5 years: 0.80% extra
• Additional Interest Rates for Super Senior Citizens: 0.80% extra across all maturity buckets 
• Additional Interest Rates for Senior Citizens: Applicable on Domestic Deposits 
• Deposit tenure: 7 days to 10 years

PNB FD Interest Rates 2026 for Senior Citizens 

Here are the PNB senior citizen FD interest rates for various deposits with different tenures:

PNB Senior Citizen FD Rates (Deposits Below ₹ 3 Crore)

*PNB FD interest rate for Senior Citizens w.e.f. September 1, 2025

PNB Uttam Senior Citizen FD (₹1 Cr to Less than ₹3 Cr, Non-Callable)

*PNB senior citizen interest rate w.e.f. September 1, 2025

Key Benefits of PNB Senior Citizen FD Rates

Here are some reasons why PNB FD interest rates 2026 for senior citizens make a smart investment choice:

• Special Schemes for Seniors: The PNB Pranam Fixed Deposit is a dedicated offering for individuals aged between 55 and 60, allowing investments starting from ₹100 up to ₹2,99,99,999 in multiples of ₹1.
• Auto-Renewal Facility: Senior citizens can set up their FD for automatic renewal on maturity, ensuring continuous investment and eliminating the need to rebook the FD manually.
• Premature Withdrawal: Senior citizens can withdraw their FDs before maturity in case of emergencies. A 1% penalty will be charged, and the final interest paid will be the lowest rate as determined by the bank’s premature withdrawal rules.
• Sweep-in/Sweep-out Facility: Senior citizens holding a PNB Prudent Sweep Account can enjoy automatic daily transfers (sweep-out) of amounts over ₹50,000 (in multiples of ₹5,000) from their savings account into a Flexi-FD earning higher FD interest on the surplus while ensuring liquidity via sweep-in.
• Tax-Saving Options: A beneficial 5-year tax-saving scheme with a minimum deposit amount of ₹100 and a maximum of ₹1.50 lakh per annum, offering tax-saving benefits and higher returns. 

How to Open a Punjab National Bank Senior Citizen FD

PNB provides both online and offline methods to open a Senior Citizen FD:

Online Method

• Log in to your PNB net banking or mobile banking app.
• Navigate to "Deposits" and choose "Senior Citizen FD."
• Enter the deposit amount, tenure, and interest payout frequency.
• Add nominee details and opt for auto-renewal if desired.
• Authorise the transaction and receive your e-receipt instantly.

Offline Method

• Visit your nearest PNB branch.
• Carry identity proof, age proof (like Aadhaar/PAN), and photographs.
• Fill out the senior citizen FD application form.
• Submit the deposit via cash, cheque, or transfer from an existing account.
• Collect your FD certificate upon processing.

Taxation on PNB Senior Citizen FDs

Interest earned on Punjab National Bank Senior Citizen FDs is taxable and added to your total income, taxed as per your applicable income tax slab under the Income Tax Act. From April 1, 2025, TDS will be deducted only if the total interest in a financial year exceeds ₹1 lakh. Senior citizens can submit Form 15H to avoid TDS if their total income is below the taxable limit. Under Section 80TTB, they can also claim a deduction of up to ₹50,000 on interest.

Key Takeaways

PNB FD interest rates 2026 for senior citizens are 0.50% higher than regular FDs, depending on the chosen tenure. Senior citizens can open FD accounts either online or by visiting a branch. Investors looking for safe options for a stable income can choose from the variety of PNB schemes such as the PNB Pranam and Tax Shield FD. Besides, booking a fixed deposit also gives depositors easy liquidity through features like a loan against FD and credit card against FD..