Download the Policybazaar app
to manage all your insurance needs.
PNB Uttam - Non-Callable Deposit Scheme
The PNB Uttam FD is a specialized, non-callable deposit for larger deposits, ensuring the bank cannot prematurely withdraw the funds and guaranteeing the full agreed-upon interest rate and tenure. Rates generally range from 4.95% to 6.55% p.a. for general citizens, and 5.45% to 7.05% p.a. for senior citizens, an ideal choice for investors seeking rate certainty and stability on high-value deposits.
Guaranteed Return
Includes Life Cover
Completely Tax Free+
3 Benefits, 1 Plan
Maximum returns offered by:
6.9%* (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 6.9%*
Fully Tax-Free, Life Cover Included
-
Home
-
FD Interest Rates
-
PNB FD Interest Rates
- PNB Uttam - Non-Callable Deposit Scheme
PNB Uttam (Non-Callable) Fixed Deposit Scheme(above Rs. 1 Crore to less than Rs 3 Crore)
| Period | General Public Interest Rates | Senior Citizens Interest Rates |
| 91 to 179 days | 4.95% | 5.45% |
| 180 days to 270 days | 5.65% | 6.15% |
| 271 days to 302 Days | 5.65% | 6.15% |
| 303 Days | 5.55% | 6.05% |
| 304 days to < 1 yr | 5.65% | 6.15% |
| 1 Year | 6.30% | 6.80% |
| >1 Years to 389 Days | 6.45% | 6.95% |
| 390 Days | 6.55% | 7.05% |
| 391 Days to 505 Days | 6.45% | 6.95% |
| 506 Days | 6.35% | 6.85% |
| 507Days to 2 years | 6.45% | 6.95% |
| > 2 years to 3 years | 6.45% | 6.95% |
| > 3 years to 1203 days | 6.30% | 6.80% |
| 1204 days | 6.20% | 6.70% |
| 1205 days to 5 years | 6.30% | 6.80% |
| > 5 years to 1894 days | 6.05% | 6.85% |
| 1895 days | 5.90% | 6.70% |
| 1896 days to 10 years | 6.05% | 6.85% |
PNB Uttam - Non-Callable Deposit Scheme interest rates w.e.f. December 01, 2025. You can also read the PNB FD interest rates.
Information About
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
No
Tax on Profit
Taxable
Risk
Low Risk
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
Returns After Tax
5.5%
Guaranteed Returns
No
Life Cover
No
Tax on Profit
Taxable
Risk
High Risk
*For annual premium upto ₹5 Lacs
PNB Uttam (Non Callable) Fixed Deposit Scheme (Rs. 3 Crore and Above)
| Period | General Public Interest Rates |
| 7 days to 14 days | NA |
| 15 days to 29 days | NA |
| 30 days to 45 days | NA |
| 46 days to 60 days | NA |
| 61 days to 90 days | NA |
| 91 to 179 days | 5.05 |
| 180 days to 270 Days | 5.85 |
| 271 days to 302 Days | 6.05 |
| 303Days | 5.95 |
| 304 Days to < 1 Year | 6.05 |
| 1 Year | 6.3 |
| > 1 Year to 389 Days | 6.3 |
| 390 Days | 6.35 |
| 391 Days to 505 Days | 6.3 |
| 506Days ** | 6.2 |
| 507 Days to 2 years | 6.3 |
| > 2 years to 3 years | 6.2 |
| > 3 years to 1203 days | 5.55 |
| 1204 days | 5.45 |
| 1205 days to 5 years | 5.55 |
| > 5 years to 1894 days | 5.65 |
| 1895 days | 5.50 |
| 1896 days to 10 years | 5.65 |
*PNB Uttam - Non-Callable Deposit Scheme interest rates w.e.f. 01.11.2025. Senior Citizens are not liable for any additional rates for deposits above 3 crore.
Features of PNB Uttam - Non-Callable Deposit Scheme
The PNB Uttam Non-Callable Fixed Deposit Scheme's central characteristic is that it is non-callable, meaning the bank is contractually prevented from withdrawing the funds before maturity, thereby guaranteeing the full interest rate and tenure initially agreed upon.
- Minimum Deposit: This scheme requires a substantial minimum single deposit of above ₹1 Crore with subsequent amounts accepted in multiples of ₹1.
- Eligibility: The scheme is widely accessible, catering to individuals (singly or jointly), minors (10 years), Proprietorship/Partnership Firms, HUFs, Associations, Trusts, and Government bodies.
- Tenure: The typical tenure ranges from 91 days to 120 months (10 years) for deposits up to ₹10 Crore. Deposits exceeding ₹10 Crore have shorter maximum tenures.
- Interest Options: Depositors can choose between two main options:
- Income Option (Non-Cumulative): Interest is paid out regularly (monthly at a discounted value, or quarterly, half-yearly, or yearly).
- Maturity Option (Cumulative): Interest is compounded quarterly and paid out along with the principal only upon the maturity of the deposit.
- Liquidity: The non-callable nature enforces strict restrictions on liquidity. No premature or partial withdrawals are permitted, with the only exceptions being extreme circumstances such as the depositor's death, bankruptcy, or specific court/regulatory directions.
- Advances: The scheme does allow for an OD or loan facility against the FD, subject to the bank's existing guidelines and discretion.
Eligibility Criteria for PNB Uttam - Non-Callable Deposit Scheme
The PNB Uttam Non-Callable FD Scheme is available to a broad range of depositors, including:
- Individuals: Both singly and jointly.
- Minors: Those aged 10 years and above.
- Business Entities: Proprietorship/Partnership Firms, Commercial Organizations, Company/Corporate Bodies.
- Other Entities: Hindu Undivided Families (HUF), Associations, Clubs, Societies, Trusts, Religious/Charitable, or Educational Institutions.
- Government/Quasi-Government Bodies: Including Municipalities and Panchayats.
- Special Categories: Illiterate and blind persons are also eligible to open an account.
Conclusion
The PNB Uttam Non-Callable Deposit Scheme offered by PNB guarantees the investor the full interest rate and tenure. The interest rates range from 4.95% to 6.55% p.a. for the general public and 5.45% to 7.05% p.a. for senior citizens. While premature withdrawal is highly restricted, the deposit can typically be used as collateral for a loan or overdraft facility with a minimum single deposit of above ₹1 Crore, with subsequent amounts accepted in multiples of ₹1.
FAQs
-
What is the interest rate for PNB Uttam - Non-Callable Deposit Scheme?
The PNB Uttam - Non-Callable Deposit Scheme interest rate starts from from 4.95% to 6.55% p.a. for general citizens, and 5.45% to 7.05% p.a. for senior citizens for deposits of 1 crore to less than 3 crore. -
Is PNB Uttam FD Non-Callable?
Yes, the PNB Uttam scheme is non-callable. This means that once the deposit is made for the chosen tenure, the bank cannot prematurely call it back or close it. This feature is a guarantee to the investor, assuring them of the full agreed-upon interest rate and tenure. -
Can we take a loan against a non-callable FD?
Yes, generally you can take a loan or an overdraft facility against a non-callable FD. While the bank is restricted from prematurely withdrawing the funds, the deposit itself remains a valuable asset. Therefore, banks often permit the use of non-callable FDs as collateral for both:- Fund-Based Loans: Such as a Demand Loan.
- Non-Fund-Based Loans: Such as an Overdraft Facility.
The maximum loan amount and specific terms will depend entirely on the bank's internal lending policies and the principal value of the FD.
*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
++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
FD Calculator
Interest Earned
Maturity AmountFD Rates articles
Recent Articles
Popular Articles
28 Aug 2025
Bank of Maharashtra offers Foreign Currency Non-Resident (FCNR)