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.

Returns as high
as 7.1%^*

Includes life cover

Completely Tax free⁺

Maximum returns Offered by Guaranteed

Highest

7.1%^*

Guaranteed Plan

(by insurance companies)

(10 Years)

6.5%^**

Fixed Deposits

(by SBI bank)

(5-10 Years)

7.1%^***

Public Provident Fund

(other popular options)

(15 Years)

Get Guaranteed returns up to 7.1%*

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

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PNB FD Interest Rates for Domestic/NRO Term Deposits (Below Rs. 3 Crore)

TENURE	REGULAR RATES Current Rates	SENIOR CITIZEN
7 to 14 days	3.50%	4.00%
15 to 29 days	3.50%	4.00%
30 to 45 days	3.50%	4.00%
46 to 90 days	4.50%	5.00%
91 to 179 days	5.50%	6.00%
180 to 270 days	6.00%	6.50%
271 days to 302 days	6.25%	6.75%
303 days	6.15%	6.65%
304 days to less than 1 year	6.25%	6.75%
1 year	6.70%	7.20%
Above 1 year to 389 days	6.80%	7.30%
390 days	7.00%	7.50%
391 days to 505 days	6.80%	7.30%
506 days	6.70%	7.20%
507 days to 2 years	6.80%	7.30%
Above 2 years to 3 years	6.75%	7.25%
Above 3 years to 1203 days	6.25%	6.75%
1204 days	6.15%	6.65%
1205 days to 5 years	6.25%	6.75%
Above 5 years to 1894 days	6.00%	6.80%
1895 days	5.85%	6.65%
1896 days to 10 years	6.00%	6.80%

Information About

Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund

Guaranteed Return Plans, Fixed Deposits &
Debt Mutual Fund

Guaranteed Return Plans

Returns Before Tax

7.1% ^(TAX-FREE)

Returns After Tax

7.1%

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

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*For annual premium upto ₹5 Lacs

PNB FD Interest Rates for Domestic/NRO Term Deposits (Rs. 3 Crore – 10 Crore)

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 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.

Invest in Plans that offer Guaranteed Returns for over 25 Years

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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