Punjab National FD rates range from 3.50% to 7.45% per annum, with tenures ranging from 7 days to 10 years. Senior citizens get an extra 0.50% interest on eligible deposits. Punjab National Bank offers various types of fixed deposits, including PNB Pranam for individuals aged 55 and above, and PNB Uttam (Non-Callable) for large deposits.
Punjab National Bank Fixed Deposit is a savings option where you invest a fixed amount for a chosen period and earn assured interest. The minimum deposit starts from ₹1,000, making it suitable for both short-term and long-term goals. PNB FDs are available to individuals, senior citizens, minors, and joint account holders. Punjab National Bank also provides Tax Saver FDs under Section 80C and a special FD scheme for road accident victims based on court orders.
You can enjoy several key benefits when you open a Punjab National Bank FD. A few of them are explained below:
With a minimum deposit of ₹1,000, PNB Fixed Deposits are accessible to a wide range of customers, including individuals, senior citizens, and minors.
Punjab National Bank offers various fixed deposit schemes such as PNB Pranam for individuals aged 55+, PNB Uttam (Non-Callable) for high-value deposits, PNB Tax Saver FD under Section 80C, and special schemes like the Road Accident Victim FD, catering to diverse financial needs.
PNB allows premature withdrawal of FDs with a penalty of 0.50% to 1%, based on the tenure and deposit amount. There is no penalty for senior citizens, staff, or in case of the depositor's death.
Punjab National Bank offers loans or overdrafts up to 90% of the FD value. The loan tenure is either 3 years or the remaining FD term, whichever is lower. This excludes tax-saving and capital gains FDs.
PNB offers a Prudent Sweep Account where surplus funds in your savings account (above ₹50,000) are automatically transferred in multiples of ₹5,000 to a fixed deposit for better returns. If the savings balance drops, money is automatically moved back from the FD to maintain liquidity. Sweep-outs are processed on the 5th, 15th, and 25th of every month.
Below is a detailed table showing the latest Punjab National Bank FD rates across different deposit slabs and tenures:
| Period | General Rate (% p.a.) | Senior Citizen Rate (% p.a.) |
| 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 60 Days | 4.50 | 5.00 |
| 61 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 < 1 Year | 6.25 | 6.75 |
| 1 Year | 6.70 | 7.20 |
| > 1 Year to 389 Days | 6.70 | 7.20 |
| 390 Days | 6.90 | 7.40 |
| 391 Days to 505 Days | 6.70 | 7.20 |
| 506 Days | 6.60 | 7.10 |
| 507 Days to 2 Years | 6.70 | 7.20 |
| > 2 Years to 3 Years | 6.70 | 7.20 |
| > 3 Years to 1203 Days | 6.50 | 7.00 |
| 1204 Days | 6.40 | 6.90 |
| 1205 Days to 5 Years | 6.50 | 7.00 |
| > 5 Years to 1894 Days | 6.00 | 6.80 |
| 1895 Days | 5.85 | 6.65 |
| 1896 Days to 10 Years | 6.00 | 6.80 |
| Period | General Rate (% p.a.) | Senior Citizen Rate (% p.a.) |
| 91 to 179 Days | 5.55 | 6.05 |
| 180 Days to 270 Days | 6.05 | 6.55 |
| 271 Days to 302 Days | 6.30 | 6.80 |
| 303 Days | 6.20 | 6.70 |
| 304 Days to < 1 Year | 6.30 | 6.80 |
| 1 Year | 6.75 | 7.25 |
| >1 Year to 389 Days | 6.75 | 7.25 |
| 390 Days | 6.95 | 7.45 |
| 391 Days to 505 Days | 6.75 | 7.25 |
| 506 Days | 6.65 | 7.15 |
| 507 Days to 2 Years | 6.75 | 7.25 |
| > 2 Years to 3 Years | 6.75 | 7.25 |
| > 3 Years to 1203 Days | 6.55 | 7.05 |
| 1204 Days | 6.45 | 6.95 |
| 1205 Days to 5 Years | 6.55 | 7.05 |
| > 5 Years to 1894 Days | 6.05 | 6.85 |
| 1895 Days | 5.90 | 6.70 |
| 1896 Days to 10 Years | 6.05 | 6.85 |
| Period | Rates (% p.a.) ₹3 Cr to ₹10 Cr |
| 7 days to 14 days | 5.25 |
| 15 days to 29 days | 5.25 |
| 30 days to 45 days | 5.25 |
| 46 days to 60 days | 5.50 |
| 61 days to 90 days | 5.50 |
| 91 to 179 days | 5.50 |
| 180 days to 270 days | 6.00 |
| 271 days to 302 days | 6.25 |
| 303 days | 6.15 |
| 304 days to < 1 year | 6.25 |
| 1 year | 6.70 |
| >1 year to 389 days | 6.70 |
| 390 days | 6.80 |
| 391 days to 505 days | 6.70 |
| 506 days | 6.60 |
| 507 days to 2 years | 6.85 |
| >2 years to 3 years | 6.50 |
| >3 years 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 |
| Tenure | General Revised Rate (% p.a.) |
Sr. Citizen Revised Rate (% p.a.) |
| 5 Years | 6.25% | 6.75% |
| > 5 Years to 1894 days | 6.00% | 6.50% |
| 1895 days | 5.85% | 6.35% |
| 1895 days to 10 years | 6.00% | 6.50% |
Follow these easy steps to open a Fixed Deposit with Punjab National Bank (PNB), whether you’re an existing account holder or a new customer.
Your PNB FD will be booked instantly, and you’ll receive an online confirmation.
If you're a new customer, you’ll need the following documents to open a PNB Fixed Deposit, either online or offline:
Aadhaar Card, PAN Card, Passport, Voter ID, or Driving Licence.
Utility bill, Aadhaar, bank statement, or passport with current address.
Passport-size photograph (mainly for offline applications).
Mandatory for tax reporting and to avoid higher TDS deductions.
Digital KYC is acceptable for online FDs; physical documents are needed for branch-based FDs.
A linked savings account or current account in PNB to credit maturity proceeds and interest.
Interest earned on Fixed Deposits with Punjab National Bank is fully taxable under the head “Income from Other Sources” as per your applicable income tax slab. According to Section 194A of the Income Tax Act, the bank deducts Tax Deducted at Source (TDS) at 10% if the total FD interest in a financial year exceeds ₹50,000 for regular individuals and ₹1,00,000 for senior citizens.
If you fail to submit your PAN card, the TDS rate increases to 20%. PNB offers Tax-Saver Fixed Deposit schemes under Section 80C, which allow individuals to claim tax deductions of up to ₹1.5 lakh per financial year, making them a beneficial option for those seeking both security and tax efficiency. Submit Form 15G or 15H to avoid TDS and track via Form 26AS. Eligible taxpayers can also claim rebates under Section 87A.
Punjab National Bank Fixed Deposits offer flexible tenures from 7 days to 10 years, helping individuals align their savings with short-term or long-term financial goals. Features like easy online and offline booking, loan and overdraft facility against FDs, and additional interest for senior citizens make it a convenient investment option. Before investing, it’s advisable to compare Punjab National Bank FD rates with other banks to choose the best fit for your needs. To make an informed choice, you can compare FD Interest Rates in India across various banks and schemes.
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