PNB Tax Shield Fixed Deposit Scheme

The PNB Tax Shield Fixed Deposit Scheme offers you a tax-saving opportunity with assured returns. It combines the benefits of fixed deposits with tax benefits under Section 80C of the Income Tax Act, making it a popular choice for conservative investors seeking tax efficiency and stability in their investments.

Returns as high
as 6.9%^*

Includes life cover

Completely Tax free⁺

Maximum returns Offered by Guaranteed

Highest

6.9%^*

Guaranteed Plan

(by insurance companies)

(10 Years)

6.5%^**

Fixed Deposits

(by SBI bank)

(5-10 Years)

6.9%^***

Public Provident Fund

(other popular options)

(15 Years)

Get Guaranteed returns upto 6.9%*

Fully Tax-Free unlike FD⁺ and 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 Days to 14 Days	3.00%	3.50%
15 Days to 29 Days	3.00%	3.50%
1 Month to 2 Months	3.00%	3.50%
2 Months to 2 Months	4.50%	5.00%
2 Months to 3 Months	4.50%	5.00%
3 Months to 6 Months	4.90%	5.40%
6 Months to 9 Months	5.60%	6.10%
9 Months to 10 Months	5.60%	6.10%
10 Months	5.50%	6.00%
10 Months to 12 Months	5.60%	6.10%
1 Year	6.25%	6.75%
1 Year to 1.1 Years	6.40%	6.90%
1.1 Years	6.60%	7.10%
1.1 Years to 1.4 Years	6.40%	6.90%
1.4 Years	6.30%	6.80%
1.4 Years to 2 Years	6.40%	6.90%
2 Years to 3 Years	6.40%	6.90%
3 Years to 3.3 Years	6.25%	6.75%
3.3 Years	6.15%	6.65%
3.3 Years to 5 Years	6.25%	6.75%
5 Years	6.25%	6.75%
5 Years to 5.2 Years	6.00%	6.50%
5 Years to 5.2 Years	6.00%	6.80%
5.2 Years	5.85%	6.35%
5.2 Years to 10 Years	6.00%	6.50%

Information About

Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund

Guaranteed Return Plans, Fixed Deposits &
Debt Mutual Fund

Guaranteed Return Plans

Returns Before Tax

6.9%* ^(TAX-FREE)

Returns After Tax

6.9%*

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 Tax Shield Fixed Deposit Scheme

The key features of PNB Tax Shield Fixed Deposit Scheme are as follows:

Deposit Amount: Minimum Rs. 100/-, multiples thereof up to Rs. 1.50 lakh per financial year. Annexure-B required with Account Opening Form.
Period of Deposit: This investment option is available for a tenure of 5 years, with no auto-renewal.
Interest Options: Income Option (monthly/quarterly/half-yearly/yearly) or Maturity Option (compounded quarterly, payable at maturity).
Rate of Interest: Card Rate per IRMD guidelines. Additional 0.50% for senior citizens; 1% for staff members (subject to change).
Issue of Term Deposit Receipt: Includes name, address, PAN, and depositor's signature. Scheme name and PAN stamped on AOF.
Loan/Advance: Term deposit not lien/pledged. No advances under this tax-savings investment scheme.
Replacement of Lost Receipts: Apply for duplicate with account details. Indemnity bond/surety required, or without receipts Rs. 500 or less.
Premature Withdrawal: Not allowed before 5-year lock-in. Exemption for premature payment in case of depositor's death.
Payment to Legal Heirs: Paid to legal heirs without nomination, per rules.
Income Tax Deduction: Interest taxed under Income Tax Act, with TDS deduction per guidelines.

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 Tax Shield Fixed Deposit Scheme

Individuals, including those who are illiterate or blind, can open accounts individually or jointly.
Joint accounts can be held by two adults or an adult and a minor. The deposit can be claimed by either holder or the survivor. However, only the first holder can claim income tax deductions under section 80C.
Hindu Undivided Families (HUFs) are also eligible to 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