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PNB Systematic Deposit Plan
The PNB Systematic Deposit Plan (SDP) is an investment product by Punjab National Bank (PNB) to help you systematically build savings over a fixed period. It allows you to invest a predetermined amount at regular intervals, same as a Recurring Deposit (RD), but with the flexibility to choose tenure and frequency of deposits. This plan is structured to offer stable returns while promoting disciplined savings habits among investors.
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
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Home
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FD Interest Rates
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PNB FD Interest Rates
- PNB Systematic Deposit Plan
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 Systematic Deposit Plan
The key features of PNB Systematic Deposit Plan are as follows:
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Minimum Monthly Installment: You can start your monthly installments with a minimum of Rs. 100 or more.
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Monthly Deposit Limit: Monthly deposits are capped at ten times the core amount of the deposit.
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Deposit Tenure: The deposit tenure ranges from 6 months to 60 months, providing you with flexibility.
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No Penalty for Late Deposits: There is no penalty for late deposits, offering flexibility in payment schedules.
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Loan and Overdraft Facilities: You can access funds through a loan or overdraft against your deposit. For detailed information, please refer to the "Loan against Term Deposit" section.
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Interest Rate: The interest rate applied to the deposit is based on the card rate applicable to its tenure, as displayed on the website. These rates are subject to change periodically.
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Interest Calculation and Payment: Interest is calculated daily and paid half-yearly according to the payment schedule.
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Nomination Facilities: Nomination facilities are available for account holders, ensuring a smooth transfer of funds in case of unforeseen circumstances.
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Tax Deduction at Source (TDS): Tax Deduction at Source (TDS) is applicable as per regulations, and the bank will issue TDS certificates for the deducted taxes.
FD interest rates India have fallen consistently over the last 12 years.
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Eligibility Criteria for PNB Systematic Deposit Plan
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Individuals (singly or jointly with others).
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Minors aged 10 years and above, with proof of age.
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Minors below 10 years under the guardianship of a natural or legal guardian.
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Other entities such as firms, clubs, associations, trusts, educational institutions, municipal corporations, panchayats, government and quasi-government bodies, cooperative societies, religious or charitable institutions, Hindu Undivided Families (HUFs), and corporations.
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 |
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The fixed deposit interest rates in India are generally between*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