PNB Senior Citizen RD Interest Rates

What is the PNB Senior Citizen RD?

Punjab National Bank Senior Citizen RD is a savings option for individuals who are 60 years or older. It enables a fixed monthly investment with a preferential interest rate. The terms range from 6 months to 10 years and are flexible depending on financial objectives. The monthly deposit begins at ₹100, and you can add more in multiples of ₹1. The interest rates depend on the term and determine the final returns. An RD calculator can be used to estimate maturity value accurately.

PNB RD Rates for Senior Citizens

The table below shows the latest Punjab National Bank RD interest rates for different tenures for Deposits Below ₹3 Crores:

*Punjab National Bank Senior Citizens RD Interest Rates w.e.f. February 24, 2026

Key Features of PNB Senior Citizens RD

The PNB senior citizen RD is stable and predictable with the following characteristics:

• Automatic Monthly Deposit Facility: Senior citizens can set standing instructions to automatically debit the monthly instalment from their savings account. This ensures timely payments and removes the need for manual deposits.
• Loan Against RD: Senior citizens can avail a Punjab National Bank loan against RD of up to 90% of the deposit balance without closing the account. This provides access to funds while the RD continues to earn interest.
• Various RD Plans: Senior citizens have several RD plans available to them, including Punjab National Bank flexi RD (Swechha Jama Yojana), PNB Pranam RD, and e-RD. These plans are flexible with deposit, tenure, and features, thus giving a chance to senior citizens to choose a scheme that fits their savings requirements.
• Premature Withdrawal Facility: Punjab National Bank RD premature withdrawal is available to senior citizens when they require funds before maturity. In this case, a penalty of 1% applies and the interest is paid accordingly.
• Delayed Instalment Facility: Seniors have the benefit of paying the missed instalment before maturity. A small penalty of ₹1 per ₹100 per month is levied for a delay.

How to Open a PNB Senior Citizens RD

PNB Senior Citizen RD is easy to open, either online or offline.

Online Method

To open an RD online, follow the steps:

• Log in to Net Banking: Sign in to the PNB Net Banking site with your information.
• Go to Deposits Section: Click on Recurring Deposit (RD) option.
• Select RD Type: Select the senior citizen RD option according to your need.
• Enter Deposit Details: Enter the instalment amount per month and the tenure.
• Review Interest Rate: Become familiar with the current interest rate for senior citizens and cross-verify.
• Confirm and Activate: Place the request to activate the RD immediately.

Offline Method

You can also open an RD by visiting the branch:

• Visit Branch: Visit the nearest PNB branch.
• Ask for Application form: Ask for the RD form
• Fill in Personal Details: Fill in the required personal and account details
• Give Deposit Details: Mention the tenure and the amount per month
• Provide KYC documents: Provide ID proof, Age proof, Address proof
• Submit RD Form: Submit and the bank will check your details

PNB Senior Citizens RD Eligibility Criteria

In order to open a PNB Senior Citizen RD, one should meet the following conditions:

• Age Condition: The applicant must be 60 years of age or older to receive senior citizen benefits.
• Savings Account: The RD needs to be opened and operated with an active PNB savings account.
• Resident Status: The scheme is mainly available to resident individuals. Terms for non-residents may vary.
• KYC Compliance: The candidates are required to complete KYC formalities in accordance with the bank's requirements.
• Documents: Original documents, such as Aadhaar card, PAN card, passport, voter ID, or utility bills, will be required.

Key Takeaways

Punjab National Bank Senior Citizen RD interest rate is generally between 6.05% and 7.10% per annum depending on the tenure. The tenure ranges from 6 months to 10 years. You may start at ₹100 per month, and increase in multiples of ₹1. It offers a simple way to build savings over time with regular deposits.