Punjab National Bank FD Rates

Tenure Interest Rates for Regular Deposit Interest Rates for Senior Citizen
7 days to 14 days 5.70% 6.20%
15 days to 29 days 5.70% 6.20%
30 days to 45 days 5.70% 6.20%
46 days to 90 days 6.35% 6.85%
91 days to 179 days 6.35% 6.85%
180 days to 270 days 6.35% 6.85%
271 days to 364 days 6.35% 6.85%
1 year 6.60% 7.10%
1 year 1 day to 3 years 6.75% 7.25%
3 years 1 day to 10 years 6.25% 6.75%

Punjab National Bank Fixed Deposit Calculator

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Investment Amount Minimum - Rs. 10,000  Maximum- Rs. 99,99,000
Tenure Minimum - 7 daysMaximum- 10 Years
Banking Opportunities for Differently Abled Punjab National Bank welcomes the differently abled persons to open fixed deposit accounts and grow their money
Auto-renewal Enjoy auto-renewal of your term deposits once it matures and say goodbye to your alarm clock

Punjab National Bank FD Interest Rates

A fixed deposit account is one among the most common savings instrument. The interest rates with fixed deposits are always higher when compared to a regular savings account. The interest rate applies until the maturity date of the account.

Punjab National Bank offers fixed deposit products to its customers like any other public service bank. There is less risk involved with a fixed deposit account.

PNB FD Interest Rates

Fixed deposit rates in PNB are competitive, and they differ based on the tenure of the account. Like every other bank, FD interest rates in PNB change as per the market rates. This means the current interest rate will not be the same in a few years from now.

Types of PNB Fixed Deposit

The PNB FD rates vary based on the tenure of the fixed deposit account. Therefore, the interest rate on FD in PNB is lower for a short-term account when compared to a medium term or a long-term account.

The PNB interest rates on fixed deposits for senior citizens are slightly higher than the regular interest rates. This is applicable for all tenures.

PNB Interest Payouts

The interest rate payouts in PNB are done every quarterly or monthly depending on the customer’s choice. The minimum deposit amount is very less when compared to the other public sector banks and private ones.

A risk-free saving tool with competitive interest rates is what PNB fixed deposit scheme is all about.


Punjab National Bank Fixed Deposit Rates

It is advisable to reconfirm the FD Rates from the bank before making any decision on basis of data provided below.

For Domestic Deposits - Less than Rs. 1 cr (As on Jun 01, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
7 days to 14 days Less than Rs. 1 cr 4.25 4.75
15 days to 29 days Less than Rs. 1 cr 4.25 4.75
30 days to 45 days Less than Rs. 1 cr 4.75 5.25
46 days to 90 days Less than Rs. 1 cr 5.75 6.25
91 days to 179 days Less than Rs. 1 cr 6 6.5
Above 2 years to 5 years Less than Rs. 1 cr 6.8 7.3
180 days to 270 days Less than Rs. 1 cr 6.25 6.75
271 days to less than 1 year Less than Rs. 1 cr 6.25 6.75
1 year Less than Rs. 1 cr 6.9 7.4
Above 1 years to 2 years Less than Rs. 1 cr 6.8 7.3
Above 5 years to 10 years Less than Rs. 1 cr 6.7 7.2

 

For Domestic Deposits - Rs. 1 cr to Rs. 10 cr (As on Feb 03, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
7 days to 14 days Rs. 1 cr to Rs. 10 cr 4 N.A
15 days to 29 days Rs. 1 cr to Rs. 10 cr 4 N.A
30 days to 45 days Rs. 1 cr to Rs. 10 cr 4 N.A
46 days to 90 days Rs. 1 cr to Rs. 10 cr 4 N.A
91 days to 179 days Rs. 1 cr to Rs. 10 cr 4 N.A
180 days to 270 days Rs. 1 cr to Rs. 10 cr 4.25 N.A
271 days to less than 1 year Rs. 1 cr to Rs. 10 cr 4.25 N.A
1 year Rs. 1 cr to Rs. 10 cr 4.5 N.A
Above 1 years to 2 years Rs. 1 cr to Rs. 10 cr 4.5 N.A
Above 2 years to 5 years Rs. 1 cr to Rs. 10 cr 4.5 N.A
Above 5 years to 10 years Rs. 1 cr to Rs. 10 cr 4.5 N.A

 

Tax Saver FD (Max Deposit - 1 LPA)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
PNB Tax Saver Fixed Deposit Scheme - 5 Years to 10 years Upto Rs. 1 lakh 6.7 N.A
PNB Tax Saver Fixed Deposit Scheme - 5 years to10 years Upto Rs. 1 lakh 7.2 N.A

 

Tax Implications

  1. The amount invested in Fixed Deposit with a tenure of 5 years with Punjab National Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.
  2.  The applicable tax will be deducted at source, i.e. Punjab National Bank, in case the annual interest earned crosses Rs. 10,000.

 

For NRE Fixed Deposit - Less than Rs. 1 cr (As on May 03, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
1 year Less than Rs. 1 cr 6.9
Above 1 years to 2 years Less than Rs. 1 cr 6.8
Above 2 years to 5 years Less than Rs. 1 cr 6.8
Above 5 years to 10 years Less than Rs. 1 cr 6.7

 

For NRE Fixed Deposit - Rs. 1 cr to Rs. 10 cr (As on Feb 03, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
1 year Rs. 1 cr to Rs. 10 cr 4.5
Above 1 years to 2 years Rs. 1 cr to Rs. 10 cr 4.5
Above 2 years to 5 years Rs. 1 cr to Rs. 10 cr 4.5
Above 5 years to 10 years Rs. 1 cr to Rs. 10 cr 4.5

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