Download the Policybazaar app
to manage all your insurance needs.
PNB Sugam Term Deposit Scheme
The PNB Sugam Term Deposit Scheme is a Fixed Deposit (FD) scheme offered by Punjab National Bank (PNB). This fixed return plan is designed for customers seeking a simple and secure investment option. It provides competitive FD interest rates and flexible tenure options, catering to both short-term and long-term financial goals.
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
-
Home
-
FD Interest Rates
-
PNB FD Interest Rates
- PNB Sugam Term Deposit Scheme
PNB FD Interest Rates for Domestic/NRO Term Deposits (Below Rs. 3 Crore)
People also read: PNB FD Interest Rates
PNB FD Interest Rates for Domestic/NRO Term Deposits (Rs. 3 Crore – 10 Crore)
| 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 Sugam Term Deposit Scheme
The key features of PNB Sugam Term Deposit Scheme are as follows:
-
Minimum Deposit Amount: Rs. 10,000, with subsequent increments in multiples of Rs. 1, up to a maximum of Rs. 10 lakh per customer.
-
Period of Deposit: Ranges from 46 days to 120 months, including options for incomplete quarters.
-
Interest: Interest rates are based on the Card rate as per guidelines issued by the Bank. Rate variation is applicable for deposits below Rs. 2 crore.
-
Interest Deposit: Interest can be paid out monthly or quarterly, or compounded and paid at maturity for cumulative schemes. Under the Sugam Scheme, compounded interest is paid with quarterly rests if the deposit period exceeds 6 months.
-
Demand Loan/Overdraft Facility: Available.
-
Premature Withdrawal of Deposit: Withdrawals allowed in multiples of Rs. 1, with a minimum of Rs. 1,000 at a time. Partial withdrawals do not affect the entire deposit or interest on the remaining amount under the scheme.
-
Partial and Full Withdrawal: No penalty for partial withdrawals. Full withdrawals before maturity incur interest based on the contractual rate or the rate applicable on the original maturity date, whichever is lower.
-
Conversion: Conversion permitted up to the revised limit of Rs. 10 lakh.
FD interest rates India have fallen consistently over the last 12 years.
People also read: Which Bank is Best for Fixed Deposit
Eligibility Criteria for PNB Sugam Term Deposit Scheme
-
Individuals (Single or Joint Account)
-
Minors aged 10 years and above, with proof of age
-
Businesses, including firms, companies, and corporations
-
Hindu Undivided Families (HUFs)
-
Associations, clubs, societies, trusts, religious, charitable, or educational institutions
-
Government bodies like municipalities, panchayats, and quasi-government entities
-
Illiterate and blind persons can also open accounts.
PNB Interest Rates for Tax Saver Fixed 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
Recent Articles
Popular Articles
16 Feb 2026
An Auto Sweep (Sweep-in/Sweep-out) FD is a banking facility that
10 Feb 2026
The fixed deposit interest rates in India are generally between
05 Feb 2026
The IND Sampoorna Salary Package (often referred to as the IND*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