Punjab National Bank 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. PNB FD interest rates are quite competitive and are higher than the rates on their savings deposits.
The longest permissible term offered by Punjab National Bank for FDs is 10 years. Generally, the longer the term of deposit, the higher is the rate of interest.
PNB FD Rate of Interest:
PNB FD rates of interest are determined by changes in RBI monetary policy such as repo rate, base rate, etc, the internal liquidity position of banks, economic conditions, and the level of credit demand.
What is the current PNB FD Interest Rate?
Current FD interest rates in PNB are tabulated below. Here FD rates range is given for different deposit tenure from 7 days – 10 years:
Revision in Interest Rates on Retail Domestic term deposits (Below Rs. 5 crores) interest rates revised: (All figures in % per annum)
| 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 |
FD interest rates of PNB according to deposit period:
FD is a deposit of a fixed sum of money for a fixed period of time – which can vary anything from a few days to a few years – at a fixed interest rate known at the beginning of the investment.
Depending on the deposit period or tenure, these FDs are further categorised as short-term, medium-term, and long-term deposits.
You may check the updated PNB Interest rate on FD at Punjab National Bank (PNB) official website here.
How is the PNB FD rate of interest calculated?
FD interest rates of PNB bank are determined by changes in RBI monetary policy such as repo rate, base rate, etc, the internal liquidity position of banks, economic conditions, and the level of credit demand.
The interest you earn on your deposited amount in FD depends on a lot of factors such as the invested amount, tenure for the deposit, rate of interest, and compounding frequency.
One of the best ways to calculate the interest earned on your PNB FD is using the PNB FD calculator available over the internet. It is the most hassle-free way of calculating interest.
You may Calculate the PNB FD Interest rate by using: PNB FD Calculator
This FD Calculator for PNB requires some data like – your principal deposit amount, rate of interest, period (in the number of months), and interest compounding frequency. After calculation, you will get the maturity amount after the maturity period and effective yield in %.
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Click Here for PNB Bank FD Calculator Explore the PNB Saving Account Calculator Click Here for PNB RD Calculator Know more about PNB FD Scheme: Click Here |
Information about PNB FD Interest Rates:
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Table of Contents |
What is the PNB FD Account?
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 FD interest rates are quite competitive and are higher than the rates on their savings deposits.
Punjab National Bank FD Features:
- 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
- Senior citizens get an additional interest of 0.50% over the regular rates
- PNB provides different term deposit options such as Scheme for road accident victims, Sugam Term Deposits, Multi-Benefit, Special, Ordinary, and Anupam Term Deposit Schemes.
Eligibility and Document required for PNB FD:
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
Document requirement for PNB Fixed Deposit (FD):
Document requirement to apply for PNB Bank Fixed Deposit:
- Recent photograph
- KYC documents
Individual & Company proofs:
- PAN card
- Aadhaar Card
- Passport
- Driving License
- Voter’s ID
Partnership proofs:
- Incorporating certificate
- Authorised signatories ID proofs
- Partnership Deed
- Authorised signatories’ signatures
Hindu Undivided Family:
- Self-attested PAN card
- HUF declaration deed
- HUF’s Bank Statement
Types of PNB Fixed Deposits:
- 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)
How to check PNB FD maturity value?
FD is a deposit of a fixed sum of money for a fixed period of time – which can vary anything from a few days to a few years – at a fixed interest rate known at the beginning of the investment.
The maturity amount of Fixed Deposit invested in Punjab National Bank (PNB) for a specified period can be calculated by using the PNB FD calculator available over the internet.
The PNB FD Calculator for Punjab National Bank (PNB) FD available here requires some data like – your principal deposit amount, rate of interest, period (in the number of months), and interest compounding frequency. After calculation, you will get the maturity amount after maturity period and effective yield in %.
