PNB Special FD Schemes

Key Features of PNB Special FDs

Punjab National Bank offers a set of special fixed deposit schemes, each designed with specific benefits and conditions. The main features include:

1. Minimum and Maximum Deposits:

   Most retail deposits start at ₹100, though specific schemes require ₹5,000, covering amounts up to less than ₹3 crore.

2. Deposit Tenures:

   Investment periods range from standard terms of 1 to 10 years to special promotional options like 444 or 666 days.

3. Payout Options

   You can choose to get your earned interest paid out periodically (monthly, quarterly, yearly) or keep it in the account until maturity.

4. Higher Returns for Senior Citizens:

   The PNB Senior citizens FD rates are 0.50% p.a. higher than the general for the age group of 60 to 80, while super seniors over 80 get up to 0.80% extra over regular rates.

5. Premature Withdrawal Rules

   PNB premature FD withdrawal may face a small 0.50% to 1% fee, but the bank waives this penalty for senior citizens, staff, or deceased depositors.

6. Loans and Overdrafts

   Except for tax-saving schemes, you can borrow up to 90% of your deposit value for accounts over ₹10,000.

7. Maturity Handling

   You can instruct the bank to either automatically renew the deposit on its maturity date or pay out the full amount.

Punjab National Bank Special FD Schemes Rates

PNB special deposits offer fixed returns and earn more than a regular PNB savings account, with higher rates available for senior and super senior citizens. Below are the latest FD interest rates on PNB Special FDs for deposits below ₹3 crore with effective 01st My, 2026:

PNB 444 Days FD Interest Rates

PNB 444 days FD is a popular short-term deposit scheme with a competitive interest rate, effective from May 01, 2026 (last verified in August 2026):

PNB FD rates w.e.f. May 01, 2026

PNB FD Interest Rates 666 Days 2026

The PNB 666 days scheme is a medium-term deposit with a unique 666-day tenure and higher FD returns, effective from May 01, 2026 (last verified in August 2026):

PNB FD rates w.e.f. May 01, 2026

PNB Palaash Green Deposit Interest Rates 2026

It’s a sustainability-linked FD encouraging eco-friendly investment, available for 1204 or 1895 days, effective from May 01, 2026 (last verified in August 2026):

For 1204 Days Tenure

PNB Palaash Green Deposit Interest Rates w.e.f. May 01, 2026

For 1895 Days Tenure

PNB Palaash Green Deposit Interest Rates w.e.f. May 01, 2026

PNB Double Scheme FD Interest Rates 2026 (109 Months / 9 Years 1 Month)

The PNB Double Scheme is a long-term Fixed Deposit designed to double the invested amount within a fixed duration of 109 months (approximately 9 years and 1 month) through the power of compounding, effective from May 01, 2026 (last verified in August 2026):

PNB Double Scheme Interest Rates w.e.f. May 01, 2026

Illustrations for PNB Schemes

To understand how the final returns of the PNB special schemes are calculated, let’s look at the two interest calculation methods in detail for different schemes, starting from PNB 444 Days FD:

Illustration 1: PNB 444 Days FD

The PNB 444 Days FD is a special fixed deposit scheme that provides depositors with better returns for a short-to-medium tenure. With a lock-in period of just over one year, this scheme is designed for customers seeking attractive rates without committing funds for the long term.

Suppose a customer invests ₹1,00,000 in this scheme for 444 days. The PNB FD calculator for 444 days in 2026 will generate the returns with the following calculations in the backend:

Simple Interest Calculation (General Citizen, 6.60%):

SI = (1,00,000 × 6.60 × 1.22) / 100 = ₹8,052

Maturity Amount = ₹1,00,000 + ₹8,174 = ₹1,08,052

• Interest Earned: ₹8,052
• Total Maturity Value: ₹1,08,052

Compound Interest Calculation (Quarterly Compounding, 6.60%):

A = 1,00,000 x (1 + 0.01675)^4.88 = ₹1,08,313.86

• Compound Interest Earned: ₹8,313.86
• Total Maturity Value: ₹1,08,313.86

Illustration 2: PNB Double Scheme

The PNB Double Scheme is a long-term fixed deposit plan to double the depositor’s money within a defined period. This scheme relies on the power of compounding over a long tenure, making it suitable for investors who can keep their funds locked in for several years to maximise growth.

Consider an investment of ₹1,00,000 under this scheme.

The deposit is invested for about 109 months, close to 9 years and 1 month, and is designed to almost double the initial amount.

For super senior citizens, the applicable rate is 6.90% per annum. At this rate, the maturity value on quarterly compounding works out to about ₹1,86,154.29