PNB Fixed Deposit Rates 2025
Punjab National Bank (PNB) offers competitive Fixed Deposit interest rates and a wide range of other benefits such as flexible tenure options, nomination facility, loan/overdraft option, etc.
PNB fixed deposits offer competitive interest rates that vary depending on the time period and market conditions.
Punjab National Bank (PNB) offers Fixed Deposit for interest rates lying within the range of 3.50% p.a. and 7.30% p.a. for the general public. The highest PNB FD interest rate is 7.25% p.a. for deposits of less than Rs.2 crore.
Senior citizens get an additional 50 bps interest over the prevailing interest rates for deposits of less than Rs.2 crore. The FD schemes come with a tenure ranging from 7 days to 10 years.
Highlights of PNB FD Rates for Deposits Less than Rs.2 crore.
- Range of rates available for FD schemes: 3.50% p.a. to 7.30% p.a.
- Highest PNB FD rate is 7.25% p.a. for the general public.
- PNB Tax Saver FD rate: 6.50% p.a. the general public and 7.00% p.a. for senior citizens.
PNB Domestic/NRO Term Deposit FD Rates Below Rs.3 Crore
Tenure | Interest rates for General Public | Interest rates for Senior Citizens | Interest rates for Super Senior Citizens |
7 to 14 Days | 3.50 | 4.00 | 4.30 |
15 to 29 Days | 3.50 | 4.00 | 4.30 |
30 to 45 Days | 3.50 | 4.00 | 4.30 |
46 to 60 Days | 4.50 | 5.00 | 5.30 |
61 to 90 Days | 4.50 | 5.00 | 5.30 |
91 to 179 Days | 5.50 | 6.00 | 6.30 |
180 to 270 Days | 6.25 | 6.75 | 7.05 |
271 Days to 299 Days | 6.50 | 7.00 | 7.30 |
300 Days | 7.05 | 7.55 | 7.85 |
301 Days to < 1 Year | 6.50 | 7.00 | 7.30 |
1 Year | 6.80 | 7.30 | 7.60 |
> 1 Year to 399 days | 6.80 | 7.30 | 7.60 |
400 Days | 7.25 | 7.75 | 8.05 |
401 Days to 2 Years | 6.80 | 7.30 | 7.60 |
> 2 years to 3 years | 7.00 | 7.50 | 7.80 |
> 3 years to 1203 days | 6.50 | 7.00 | 7.30 |
1204 days** | 6.40 | 6.90 | 7.20 |
1205 days to 5 years | 6.50 | 7.00 | 7.30 |
> 5 years to 1894 days | 6.50 | 7.30 | 7.30 |
1895 days** | 6.35 | 7.15 | 7.15 |
1896 days to 10 years | 6.50 | 7.30 | 7.30 |
Note: The rate of interests are effective from 1 January 2025 and are subject to change.
PNB Domestic/NRO Term Deposit FD Rates Between Rs.3 Crore and Rs.10 Crore
Period | Revised Rates for Public |
7 days to 14 days | 6.00% |
15 days to 29 days | 6.00% |
30 days to 45 days | 6.00% |
46 days to 60 days | 6.40% |
61 days to 90 days | 6.60% |
91 to 179 days | 6.50% |
180 days to 270 days | 6.65% |
303 days ** | 7.00% |
304 days to less than 1 year | 6.75% |
1 year | 7.25% |
More than 1 year to 399 days | 6.80% |
506 days ** | 6.70% |
507 days to 2 years | 6.80% |
More than 2 years to 3 years | 6.50% |
More than 3 years to 1203 days | 6.25% |
1204 days ** | 6.15% |
1205 days to 5 years | 6.25% |
More than 5 years to 1894 days | 5.60% |
1895 days ** | 5.45% |
1896 days to 10 years | 5.60% |
Note: The rate of interest is effective from 1 January 2025and is subject to change.
PNB NRE Fixed Deposit Rates
| Less Than Rs. 3 Cr. | Rs. 3 Cr. To Rs. 10 Cr. |
Period | Revised (% P.A.) 01.08.2024 | Revised (% P.A.) 01.08.2024 |
1 year | 6.80 | 7.25 |
> 1 year to 399 days | 6.80 | 6.80 |
400 days | 7.25 | |
401 days to 2 years | 6.80 | |
> 2 years to 3 years | 7.00 | 6.50 |
> 3 year to 1203 days | 6.50 | 6.25 |
1204 days** | 6.40 | 6.15 |
1205 days to 5 years | 6.50 | 6.25 |
> 5 years to 1894 days | 6.50 | 5.60 |
1895 days** | 6.35 | 5.45 |
1896 days to 10 years | 6.50 | 5.60 |
Note: The interest rates for fixed deposits are effective from 1 January 2025 and are subject to change.
PNB FCNR (B) Deposit Rates
Currency | 1 yr < 2 yrs | 2 yrs < 3 yrs | 3 yrs < 4 yrs | 4 yrs < 5 yrs | 5 yrs |
USD | 5.39% | 4.13% | 3.89% | 3.64% | 3.64% |
GBP | 4.85% | 3.75% | 3.30% | 3.20% | 3.00% |
EUR | 3.27% | 1.53% | 1.53% | 1.53% | 1.53% |
JPY | 0.45% | 0.45% | 0.45% | 0.45% | 0.45% |
CAD | 4.01% | 3.09% | 2.84% | 2.89% | 2.94% |
AUD | 4.55% | 4.45% | 4.16% | 4.16% | N/A |
Note: The PNB FCNR (B) FD rates are subject to change as per the discretion of the bank. The rates mentioned in this table are valid as of 1 February 2025.
PNB Tax Saver Fixed Deposit Interest Rates
Period | Public (General) | Sr. Citizen (General) | Staff Members | Retired Staff* (Sr. Citizen) |
5 Years | 6.50% | 7.00% | 7.50% | 7.50% |
> 5 Years to 1894 days | 6.50% | 7.00% | 7.50% | 7.50% |
1895 days | 6.35% | 6.85% | 7.35% | 7.35% |
1895 days to 10 years | 6.50% | 7.00% | 7.50% | 7.50% |
Note: The FD interest rates are effective 10 June 2024. It can change at the discretion of the bank.
PNB Uttam Term Deposit Interest Rates
Period | Revised Rates for Public |
91 to 179 days | 5.55% |
180 days to 270 days | 6.30% |
271 days to 299 days | 6.55% |
300 days | 7.10% |
301 days to 302 days | 6.55% |
303 days ** | 7.05% |
304 days to < 1 year | 6.55% |
1 Year | 6.85% |
> 1 Year to 399 days | 6.85% |
400 days | 7.30% |
401 days to 505 days | 6.85% |
506 days ** | 6.75% |
507 days to 2 years | 6.85% |
> 2 years to 3 years | 7.05% |
> 3 years to 1203 days | 6.55% |
1204 days ** | 6.45% |
1205 days to 5 years | 6.55% |
> 5 years to 1894 days | 6.55% |
1895 days ** | 6.40% |
1896 days to 10 years | 6.55% |
Note: Fixed Deposit Rate Changes in January 2025. It can change at the discretion of the bank.
Types of PNB FD Schemes
PNB FD Scheme | Details |
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Schemes covered under E-FD |
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Capital Gain Account |
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Minimum deposit of Rs.100 and thereafter in multiples of Rupee one (Re.1) with maximum amount of Rs.1,99,99,999. | |
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Minimum of Rs.100 or above in its multiples. However, monthly deposit will not exceed ten times of such core. | |
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 maximum amount of Rs.1,99,99,999. | |
PNB Varshik Aay Yojna |
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PNB Floating Rate Fixed Deposit Scheme |
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PNB Bulk Fixed Deposit Scheme |
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Features of PNB Fixed Deposit
- Auto-renewal: If the depositor opts for auto-renewal, his/her term deposit will be automatically renewed after maturity except for term deposits under the Recurring Deposit Scheme, Capital Gain Scheme, PNB Tax Saver Scheme, Bulk Term Deposits (above Rs.10 Crore) and Inter-Bank Deposits.
- Inclusion of blind and illiterate persons: PNB allows blind and illiterate persons to open a fixed deposit account .
- Inclusions of all sections of society: Right from High School girls to beneficiaries of road accident insurance claims, PNB FDs are designed to serve every category of depositors.
Eligibility Criteria of PNB Fixed Deposit
- Resident individuals
- Non-resident Indians
- Hindu Undivided Families
- Sole proprietorship, partnership firms, public and private limited companies
- Registered societies, trusts and associations
Documents Required to Open a PNB Fixed Deposit
- Identification proof:
- Address proof:
- All related KYC documents as well as utility bills such as electricity bill and gas bill.
- Passport-size photographs
- Bank account statements
PNB Fixed Deposit - Premature Withdrawal
- 1% interest will be charged penalty when you prematurely withdraw your deposit or make a part withdrawal of any domestic term deposits. This holds good for all tenors. Note that the interest rate payable will be the contractual rate minus 1%. It can also be the rate under the scheme on the date applicable for which the deposit has been run minus 1%, whichever is lower.
- No There will be no penalty levied if the deposit if you prematurely close a deposit for the purpose of investment to other term deposit schemes of the bank. The deposit has to be with the bank after the re-investment for a period longer than the remaining period of the contract.
- If there is a term deposit with 'Either or Survivor' or 'Former or Survivor' mandate, the premature withdrawal of term deposits will be allowed to the surviving depositor. This will be without seeking the concurrence of the legal heirs, if there is a joint mandate. Here, premature withdrawal will not attract any interest.
PNB Loan against FD
Loans will be granted against fixed deposits to the credit of the borrowers and/or third parties. This will be extended at any PNB branch. The margin for advance granted against Rupee Term Deposit included NRE deposits is as under:
Advance Granted Against Rupee Term Deposit in the Name of the Borrower Including NRE Deposits
Maturity Period Remaining when Granting Advances | Margin % |
Advance against Term Deposit standing in the name of the borrower | |
Up to 2 years | 5.00% |
Above 2 years and up to 3 years | 7.50% |
Above 3 years and up to 4 years | 10.00% |
Above 4 years and up to 5 years | 12.00% |
Above 5 years | 20.00% (Minimum) |
Advance against third party deposits | 25.00% (Minimum) |
Members of Staff/ honourably retired/ Voluntarily retired/ widow of Staff: | |
Advance up to Rs. 3 Lacs | 5.0% |
Advances Above 3 Lacs | As applicable to Public |
Advance Against Non-Resident Deposits (FCNR/NRO)
Maturity Period Remaining when Granting Advances | Margin % |
Advance against FCNR(B) Deposit to the Depositor | |
Up to 1 year | 10.0% |
Above 1 year but up to 2 years | 20.00% |
Above 2 years | 30.0% |
Advance against third party deposits | |
Up to 2 years | 20.0% |
Above 2 years | 30.0% |
NRO Term Deposits | 25.0% |
How to Calculate PNB FD Interest Rate
The interest that you will earn out of your Punjab National Bank FD can be easily calculated using a fixed deposit interest rate calculator. This tool is very useful for prospective investors because it will help them know how much to invest to get the desired returns. To calculate the total earnings you will get out of your PNB FD, there are many factors that need to be considered. Let us take a look at some of these factors below.
Factors That Affect FD Maturity Amount
- Rate of interest - The rate at which a depositor is paid is an important factor that helps calculate the returns at the time of maturity. Note that the interest rate is different for different tenures.
- Amount invested - The principal that you invest is also a key piece of information that is needed to calculate the maturity amount using the FD calculator.
- Time period - Along with factors such as interest rate and principal, the tenure of the investment is also crucial because different time periods offer different interest rates.
- Compounding frequency - There are different interest compounding frequencies including monthly, quarterly, half-yearly and yearly. The time interval of interest compounding plays a pivotal role in determining the total value of the term deposit at the time of maturity
- Taxation - The amount of Tax Deducted at Source (TDS) also makes a difference as far as the total maturity value of the deposit is concerned.
Punjab National Bank FD Interest Calculator
An FD interest calculator helps users easily calculate the total maturity value of the fixed deposit. This can be done by feeding in details such as the principal amount, rate of interest, tenure, etc. An online FD interest calculator can be used for this purpose.
The BankBazaar FD interest calculator can be used to calculate the maturity amount of your FD. All you need to do is key in the relevant information and the results will be displayed to you in a matter of seconds. For example, if you invest Rs.1 lakh for a period of 2 years in a PNB FD scheme at the rate of 5.10% per annum, with an annual compounding frequency, the total maturity value will be Rs.1.1 lakh. The total interest earned out of the term deposit scheme will be Rs.0.1 lakh.
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FAQs on Punjab National Bank FD
- Does PNB provide additional FD rates to senior citizens?
Yes, PND does offer an additional interest rate for senior citizens.
- Is it necessary to provide a PAN card when applying for an FD scheme?
Yes, you need to submit your PAN card top open a PND fixed deposit.
- How does PNB determine its fixed deposit interest rates?
PNB determines its fixed deposit interest rates based on a multifaceted analysis of prevailing market conditions, customer demand, and internal funding requirements, ensuring a balance between attractive returns for depositors and the bank's financial sustainability.
- Are there special rates for senior citizens on PNB fixed deposits?
Yes, senior citizens receive an additional 50 basis points (bps) interest over prevailing rates for deposits less than Rs.2 crore, providing them with enhanced returns on their investments.
- What are the tenure options available for PNB fixed deposits?
PNB offers flexible tenure options ranging from 7 days to 10 years for fixed deposits, allowing customers to choose the duration that best suits their financial goals and liquidity needs.
- Does PNB offer tax-saving fixed deposit schemes?
Yes, PNB provides tax-saving fixed deposit schemes with specific interest rates and lock-in periods for both general citizens and senior citizens, offering them opportunities to save on taxes while earning attractive returns.
- What is the minimum deposit required for opening a PNB fixed deposit account?
The minimum deposit amount required to open a PNB fixed deposit account varies depending on the specific scheme, starting from Rs.100, ensuring accessibility to a wide range of customers with varying investment capacities.
- Are there any penalties for premature withdrawal of PNB fixed deposits?
Yes, premature withdrawal of PNB fixed deposits may incur a penalty of 1% interest, calculated based on specific terms and conditions, serving as a deterrent for early withdrawals and ensuring adherence to the agreed-upon tenure.
- Can customers avail themselves of loans against their PNB fixed deposits?
Yes, PNB provides loans against fixed deposits to customers and third parties, subject to certain terms and conditions and margin requirements, enabling depositors to access funds without liquidating their investments prematurely.
- How can I calculate the interest earned on my PNB fixed deposit?
You can easily calculate the interest earned using PNB's fixed deposit interest calculator, considering factors such as principal amount, tenure, and interest rate, facilitating informed decision-making and financial planning for depositors.
- What types of fixed deposit schemes does PNB offer?
PNB offers a wide range of fixed deposit schemes tailored to various customer needs, including tax-saving schemes, senior citizen schemes, special term deposit schemes, and schemes with unique benefits such as annuity options and overdraft facilities.
- What documents are required to open a fixed deposit account with PNB?
To open a fixed deposit account with PNB, you will typically need identification proof (such as an Aadhaar card or PAN card), address proof (such as utility bills), passport-size photographs, and bank account statements, ensuring compliance with Know Your Customer (KYC) regulations.
News about PNB Fixed Deposit Rates
Several banks in India revise FD interest rates
Several banks such as Punjab National Bank (PNB), Bank of India, HDFC Bank, and ICICI Bank have revised the Fixed Deposit (FD) interest rates. PNB revised FD interest rates from 1 August 2024. The highest interest rate offered by the bank is 7.25% p.a. for a tenure of 400 days. Bank of India revised the interest rates from 1 August 2024 and it ranges between 3% p.a. and 7.30% p.a. ICICI Bank revised the interest rates from 30 July 2024 and it ranges between 3% p.a. and 7.20% p.a. HDFC Bank revised the interest rates from 24 July 2024 and it ranges between 3% p.a. and 7.40% p.a.
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