PNB-Saving-Calculator

PNB Saving Account Calculator

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This Punjab National Bank or PNB Saving Account Calculator is an online personal finance tool to calculate the total maturity amount and the total effective yield based on the selection of monthly, quarterly, semi-annually, and annually compound frequencies, interest rates, and total time period of the deposited money in the Bank.

(Calculate your PNB saving maturity amount by using this Saving Calculator.)

Monthly Deposit Amount :
Rate of Interest :
Period (in Months) :
(fractions not allowed)
Frequency of Compounding :
Maturity Amount (Rs.) :
Invested Amount (Rs) :  
Wealth Gain (Rs) :  
Effective Yield in % :  

Note: The more frequent the interest is compounded, the higher the return or the future worth of your savings will be; For instance, the future value of savings with interest compounded at Monthly frequency (i.e., 12 times a year) will be higher than the same with interest compounded at quarterly (4 times a year) interval, which in turn is better than semi annual (twice a year) compounding.

PNB-Saving-Calculator

PNB Saving Calculator Variables:

This saving calculator uses five different investment variables that most of the calculator requires. These saving calculator variables are:

Monthly Deposit Amount: This is a fixed monthly amount that is invested in a saving 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 saving calculator that appears as a percentage and is different for different types of saving options. PNB offers 3.50% p.a. up to 50 lakh (w.e.f. 01.04.2020) rate of interest on saving account.

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 saving 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 Saving Calculator Works?

Anyone can calculate his saving returns from the Punjab National Bank (PNB) account through an online saving calculator available on this page with high accuracy.

Following are the steps to calculate the saving returns through this calculator:

  • Step 1: Enter the fixed monthly amount that he wants to deposit every month.
  • 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 saving a calculator, one will get the final maturity amount for investment query with effective yield.

Features of Punjab National Bank (PNB) saving account:

  • Who can open account: Resident Individuals (either singly or jointly), Associations, Trusts, Hindu Undivided Families (HUFs), Clubs, Societies etc. Institutions specially permitted by RBI.
  • Initial deposit at opening of account: Rs.500/-
  • Documents required for opening the account: 
    • Account Opening Form (AOF)
    • Identity & Address proof as per KYC norms
    • Photo
    • Related documents in case of Associations, HUF, Clubs, Trust, Society etc.
    • Other related documents as per RBI Guidelines
  • Transactions: 
    • Debit entries in a half year should not exceed 40.
    • IBS, ATM, SI debits and debits of charges are not included under limit of 40 per half year.
    • If debit transactions exceed 40, charges will be applicable
    • 3rd party cash payments up to a maximum of Rs.50,000/- per day.
    • Transfer Transactions up to a maximum of Rs.1,00,000/- per day. Third party cannot withdraw any amount through withdrawal slip. There is no limit of Maximum amount through withdrwal slip at the base branch.
    • In case the account holder visits the branch himself, Withdrawal Slip must accompany the Passbook.
    • Inter-sol cash Payments to account holder himself is restricted up to the limit of Rs. 5,00,000/-.
  • Additional facilities:
    • 50 free personalized multicity cheque leaf per year.
    • Free transfer of fund within PNB accounts
    • Free internet banking
    • Transferability of accounts to any P.N.B Branch without changing the account number
    • Deposits are insured by DICGC upto Rs 5.00 lakhs per customer.
    • ATM Cum Debit card(individuals account)
    • Fast remittance of funds through NEFT/RTGS
    • Acceptance of standing instructions
    • Safe Deposit Lockers available online also.
    • Online opening of account facilitated
  • Interest Rates:

    Domestic & NRI Saving Account Interest Rates : (W.E.F. 1st April 2020)

      Rate Of Interest
    Savings Fund Account Balance upto Rs. 50 Lac 3.50% p.a.
    Savings Fund Account Balance of above Rs. 50 Lac 3.75% p.a.

You are here to calculate the maturity value of your money in PNB saving account. Calculate the maturity value with this online PNB saving account calculator. 

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