Punjab National Bank (PNB) Fixed Deposit (FD) Calculator is for calculating the maturity amount of Fixed Deposit invested in Bank for a specified period.
(Calculate your PNB Fixed Deposit (FD) maturity amount by using this PNB Fixed Deposit Calculator)
This Online FD calculator requires some data like – Your Principal Deposit Amount, Rate of Interest, Period (in No. of Months), interest Compounding Frequency. After calculation, you will get the Maturity Amount after the maturity period and Effective yield in %.
Latest PNB FD Interest Rates:
| Bank Name | Tenors | Rates For Public | Rates for Senior Citizens | As on Date |
|---|---|---|---|---|
| PNB | 7 to 14 days | 3.5 | 4 | 2024-09-09 |
| PNB | 15 to 29days | 3.5 | 4 | 2024-09-09 |
| PNB | 30 to 45 days | 3.5 | 4 | 2024-09-09 |
| PNB | 46 to 90 days | 4.5 | 5 | 2024-09-09 |
| PNB | 91 to 179 days | 4.5 | 5 | 2024-09-09 |
| PNB | 180 days to 270 Days | 6.25 | 6.75 | 2024-09-09 |
| PNB | 271 days to less than 1 year | 6.5 | 7 | 2024-09-09 |
| PNB | 1 year | 6.8 | 7.3 | 2024-09-09 |
| PNB | >1 year - 2 years | 6.8 | 7.3 | 2024-09-09 |
| PNB | >2 years - 3 years | 7 | 7.5 | 2024-09-09 |
| PNB | >3 years - 5 years | 6.5 | 7 | 2024-09-09 |
| PNB | >5 years - 10 years | 6.5 | 7.3 | 2024-09-09 |
PNB FD Calculator Variables:
This fixed deposit calculator for Punjab National Bank (PNB) FD uses five different investment variables that most of the calculator requires. These saving calculator variables are:
Principal Amount: This is a fixed amount that is invested in an FD scheme. This deposit amount varies from person to person and scheme to scheme.
Rate of Interest: The Rate of Interest is the variable of the FD calculator that appears as a percentage and is different for different types of FD options.
Period of Investment: The length of the investment or period for the investment in months is another factor that plays a major role in the saving calculator. The longer investment increases the compounding of the returns and hence greater rewards are generated.
Maturity Amount: The desired or required amount that an investor wants at the end of the investment life cycle is known as the final amount or maturity amount.
Effective yield: The effective yield is that variable of the FD calculator that appears as a percentage and is used to compare the effectiveness of different types of saving options. This saving variable matters the most to the investors.
How PNB FD Calculator Works?
Anyone can calculate his saving returns from the Punjab National Bank (PNB) account through an online FD calculator available on this page with high accuracy.
Following are the steps to calculate the FD returns through this calculator:
- Step 1: Enter the fixed principal amount that he wants to deposit.
- Step 2: After this, fill the rate of interest that he gets from his bank or financial institution for the specified period. Different banks or financial institutions offer different rates of interest-based on the amount of investment and period of investment.
- Step 3: The next step that one has to follow is to select the period for saving in months. It depends on saving option requirement for which he wants to stay invested.
- Step 4: Thereafter choose the frequency of compounding. The frequency of compounding may be monthly, quarterly, half-yearly, or yearly.
- Step 5: After submitting all variables required by an FD calculator, one will get the final maturity amount for investment query with effective yield.
Punjab National Bank (PNB) Fixed Deposit (FD)
A Punjab National Bank (PNB) fixed deposit (FD) is an account that allows you to deposit your money for a fixed period of time, earning your interest at a fixed rate. It gives you a higher rate of interest than a savings bank account.
FDs are fixed-income debt securities issued by Punjab National Bank (PNB). Putting money into an FD is like giving a loan to the bank, in return for which the bank pays you interest.
The most popular form of Term deposits are Fixed Deposits, while other forms of term Deposits are Recurring Deposit and Flexi Fixed Deposits (the latter is actually a combination of Demand deposit and Fixed deposit).
The longest permissible term offered by PNB for FDs is 10 years. Generally, the longer the term of deposit, the higher is the rate of interest.
PNB Fixed Deposit Schemes:
- Annuity Term Deposit Scheme for victims of road accidents
- PNB Sugam Plus 555
- PNB Sugam Plus & PNB Uttam 444
- PNB Sugam Plus 333
- PNB Uttam – Non-Callable Deposit Scheme
- PNB Recurring Deposit Scheme(e-RD)
- Schemes Covered(Under e-FD)
Click Here for PNB Saving Account Calculator
Features of PNB FD:
- A wide range of tenures, ranging from 7 days to 10 years, to suit your investment plan
- The Term Deposit Ordinary (TDO) account can be opened with a minimum deposit of Rs.100/- and thereafter in multiples of Rupee one (Re.1/-) with the maximum amount of Rs.1,99,99,999/.
- Safe custody of your fixed deposit receipts
- The facility of automatic renewal
- Loan facility is available up to 90% of principal and accrued interest
Eligibility for PNB Fixed Deposit (FD):
- Individual (singly or jointly) with others.
- Minor who have attained the age of 10 years and above in his own name on giving proof of age.
- Proprietorship/Partnership Firm, Commercial Organization, Company /Corporate Body.
- Hindu Undivided Family.
- Association, Club, Society, Trust, or Religious/Charitable or Educational Institutions.
- Municipality or Panchayat, Government, or Quasi-Government Body.
- Illiterate and blind persons can also open the account
You are here to calculate the maturity value of your money in Punjab National Bank (PNB)’s fixed deposit account. Calculate the maturity value with this online PNB FD calculator.
