PNB Savings Account Interest Calculator

PNB savings account interest calculator helps you to calculate interest earned on the amount in your savings account. The tool gives an easy way to evaluate possible returns depending on account balance, appropriate interest rate and investment duration. It may also allow account holders to understand how their funds could develop and arrange their finances accordingly.

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Senior Citizen FD Rates 2025
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3 Benefits, 1 Plan
Maximum returns offered by:
7.4%* (Tax-Free)

Guaranteed Plan

(By Insurance companies)
4.6%* (After Tax)

Fixed Deposit

(Offered by Banks)
4.0%*

Savings Account

(Post Office)
Maximum returns Offered by Guaranteed

6.5%**

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(by SBI bank)

(5-10 Years)

6.9%***

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(15 Years)
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We are rated++
rating
13.2 Crore
Registered Consumer
53
Insurance Partners
6.29 Crore
Policies Sold

Savings Calculator
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Initial deposit
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Interest earned
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How to Use PNB Savings Account Interest Calculator

Using the PNB savings account interest calculator is simple. Follow these steps:

  • Type in the PNB savings account balance you wish to keep in your account.
  • Enter the proper interest rate on the savings account.
  • Choose the time frame in which to estimate the interest.
  • Check the estimated interest amount displayed by the calculator.
  • Adjust the balance and/or length of time to compare different saving scenarios.

How Does PNB Savings Account Interest Calculator Work?

The formula for calculating interest on savings account is:

Interest = Account Balance × Interest Rate × (Number of Days/365).

The interest rate for deposits in the Savings Account with Punjab National Bank till now is 2.50% per annum on savings up to ₹10 lakh. Interest is on the daily closing balance and credited to the account every three months.

Suppose you keep ₹50,000 in the account for 365 days at the rate of interest of 2.50% per annum:

Interest Earned = (₹50,000 × 2.50% × 365) ÷ 365

Interest Earned = ₹1,250

So, the interest that is supposed to be earned in the account for one year will be ₹1,250 (assuming the amount remains constant during the year).

Benefits of PNB Savings Account Interest Calculator

The PNB savings account interest calculator offers several benefits to account holders.

  • Instant Calculation: Provides an estimate of the interest earned within seconds.
  • Financial Planning: Helps users understand how their savings may grow over time.
  • Easy Comparison: Allows users to compare different balances and investment periods.
  • Time Saving: Eliminates the need for manual calculations.
  • Better Financial Decisions: Helps account holders plan and manage their savings more effectively.

The calculator may also be helpful for those customers who have a PNB zero balance account in which they can get an estimate of the returns they can expect based on the balance in their account.

Key Takeaways

The PNB savings account interest calculator helps to calculate the interest gained on savings deposits based on the account balance, interest rate and investment duration. Interest is calculated on the daily closing balance of PNB saving account and credited quarterly. After crediting of interest users can see the amount in their account statement, passbook or through other PNB balance check facilities. Account holders may try out different scenarios with the help of the calculator and identify what works best for them.

FAQs

  • How can I calculate interest on my PNB savings account?

    Use the PNB savings account interest calculator to calculate the interest on your account. Just type in the account balance, rate of interest and the time that the money is left in the account and see how much interest you would earn.

  • Can I verify the interest earned in my account using a PNB mini statement?

    Yes. After the interest is credited, you will be able to check the transaction in your PNB mini statement/passbook, on PNB internet banking portal or PNB mobile banking app.

  • What is the interest accrued on ₹50,000 invested in a PNB savings account?

    Considering the rate of interest 2.50% per annum, ₹50,000 will give an interest payout of around ₹1,250 in one year, if the amount does not change during the whole year.

  • Is interest on a PNB savings account credited every month?

    No, PNB interest is calculated on daily closing balance but credited to savings account every quarter.
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˜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
* Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 30,000/- monthly (exclusive of all applicable taxes)
** Fixed deposit rate applicable for 5 year's 1 day to 10 years for investment amount less< 2 Crore ( Not for senior citizens).
*** PPF interest rate applicable for 15 years for investment amount upto 1.5 Lac
+ 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
##The Guaranteed Returns are dependent on the policy term and premium term availed along with other variable factors. 7.4% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and a premium term of 10 years with ₹5,00,000 annually installment premium. All plans listed here are from insurance companies’ funds.
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