PNB RD Interest Rates 2025
A PNB recurring deposit is one of the best RDs available if you are thinking to make a significant corpus, in the long run. The tenure for a PNB RD account ranges from 6 months to 10 years. The tenures are further categorized as short-term, medium-term and long-term.
A Punjab National Bank (PNB) recurring deposit account has a term span of 6 months to 10 years. The tenures are grouped into three categories short-term, medium-term, and long-term.
Short-term category is defined as 6 months to a year, medium-term category is defined as more than a year to 5 years, and long-term category is defined as more than 5 years to fewer than 10 years.
Tenure | Interest rate for general public | Interest rate for senior citizen | Interest rate for super senior citizen |
180 to 270 days | 6.00% | 6.50% | 6.80% |
271 days to 299 days | 6.25% | 6.75% | 7.05% |
300 days | 7.05% | 7.55% | 7.85% |
301 days to less than one year | 6.25% | 6.75% | 7.05% |
One year | 6.75% | 7.25% | 7.55% |
Less than one year to 399 days | 6.80% | 7.30% | 7.60% |
400 days | 7.25% | 7.75% | 8.05% |
401 days to two years | 6.80% | 7.30% | 7.60% |
Above 2 years to 3 years | 7.00% | 7.50% | 7.80% |
More than three 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% |
More than five 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 interest rates are effective from 12 April 2024 and may change as per the bank's rules and regulations.
RD Interest Rates Offered by PNB Bank
Tenure | Interest rate for general public | Interest rate for senior citizen | Interest rate for super senior citizen |
180 to 270 days | 6.00% | 6.50% | 6.80% |
271 days to 299 days | 6.25% | 6.75% | 7.05% |
300 days | 7.05% | 7.55% | 7.85% |
301 days to less than one year | 6.25% | 6.75% | 7.05% |
One year | 6.75% | 7.25% | 7.55% |
Less than one year to 399 days | 6.80% | 7.30% | 7.60% |
400 days | 7.25% | 7.75% | 8.05% |
401 days to two years | 6.80% | 7.30% | 7.60% |
Above 2 years to 3 years | 7.00% | 7.50% | 7.80% |
Above 3 years to 5 years | 6.50% | 7.00% | 7.30% |
Above 5 years to 10 years | 6.50% | 7.30% | 7.30% |
Note: The interest rates are effective from 2 February 2024 and may change as per the bank's rules and regulations.
Also, Check - Fixed Deposit Interest Rates
Important Information for PNB Recurring Deposit Scheme
Some of the important details regarding an PNB recurring deposit account are mentioned in the table below:
Minimum Amount to be Deposited | Rs.100 |
Tenure | 180 days to 10 years |
Additional Interest Rate for Senior Citizen | 0.50% |
What is the Maximum Interest Rate offered by the bank and for which tenure? | The maximum interest rate offered is for the term period ranging from 5 years to 10 years. The rate offered is 6.50% p.a. for regular citizens and 7.30% p.a. for senior citizens. |
Loan Against Deposit | Available |
TDS on RD | The TDS deductible will depend on the income slab to which the applicant belongs. |
Nomination Facility | Most types of RD offered by PNB have nomination facility. |
Eligibility criteria |
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Documents required |
ID Proof:
Address Proof:
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How to Apply for a PNB Recurring Deposit Account?
- If you are an existing PNB account holder, you can use your net banking username and password to login to your online account and open an e-RD right away. However, if you do not have your net banking credentials, you can always walk into the nearest PNB branch and a bank officer will help you open an RD account.
- If you are not a PNB account holder, you will have to open a PNB bank account first by visiting the nearest PNB bank branch. After your account is active, you will be allowed to open an e-RD by logging in to your netbanking.
PNB Short-Term Recurring Deposit Interest Rates
For the term period ranging from 180 days to less than a year, the interest rate offered by PNB for a recurring deposit account is 6.00% p.a. to 7.05% p.a. for regular citizens .
PNB Medium-Term and Long-Term RD Interest Rates
For medium-term tenure, the interest rate ranges between 6.40% p.a. to 7.00% p.a. The highest rate of return offered by PNB is for the 3 to 5 years period. The interest rate offered on such tenures is 5.25% p.a.
PNB Senior Citizen RD Rates
- For senior citizens, Punjab National Bank's (PNB) rate of return is 0.50% greater than that for regular citizens.
- For the short- term tenure, the rate of interest offered by PNB recurring deposit account is 6.50% p.a.
- For the medium-term and long-term tenure, PNB offers interest of 6.90% p.a. to 7.75% p.a.
Types of Recurring Deposits Offered By PNB
PNB Recurring Deposit Scheme (E-RD |
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PNB Recurring Deposit Scheme |
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PNB Special Recurring Deposit Product |
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PNB Recurring Deposit (RD) Calculator
Most people opt for recurring deposits to maximise their savings. The maturity amount on your RD depends on various factors like the RD deposit amount, rate of interest offered by the bank, tenure of the RD, TDS, and other such factors.
There are many websites that offer Recurring Deposit Calculators. You can use PNB Rd Calculator to calculate the interest you would earn on your recurring deposit.
More RD Resources
- Recurring Deposit Vs. Chit Fund
- Miss to Pay the Recurring Deposit Due
- Difference Between Recurring Deposit and SIP
- Open RD Account through HDFC NetBanking
- RD Account in SBI
- Advantages of Recurring Deposit
- Flexi RD
- SBI Flexi RD Schemes
- Monthly Recurring Deposit
- Indian Bank Recurring Deposit
- Union Bank Recurring Deposit
- UCO Bank Recurring Deposit
FAQs on PNB Recurring Deposit Rates
- What type of account should I have to open an RD account?
You can open an RD account with a savings account, current account, or OD account. The only rule is that the account should not be in stopped, locked, or dormant status while you are opening an RD account.
- Can I open a recurring deposit online through my netbanking?
Yes. If you are an existing PNB account holder, you can use your internet banking credentials to access your netbanking and open an e-RD account. However, please note that you should at least have one transaction that is mapped with your internet banking username to open an e-RD.
- How is the maturity amount on my RD account calculated?
There many factors like the installment amount, tenure of the RD, interest rate, and type of account that decides the maturity amount on your RD. However, after calculating, the maturity amount is rounded off to the nearest Rupee and will become payable maturity date.
- Can I open a recurring deposit account on a different name that is not as same as the name of the debiting account from which the RD deposit is taken?
No. You will not be allowed to open a recurring deposit account on a different name that is not as same as the name of the debiting account from which the RD deposit is taken. You may visit a PNB branch to get this done.
- Will I be allowed to add nominees to my RD account?
Yes. While opening an RD account online, you will be asked to provide your nominee details.
- I want to cancel the standing instructions that I set on my e-RD. How do I do it?
Please login to your netbanking and navigate to the "Request" option. Under this option, please click on "Standing Instruction Link". You will be allowed to view or cancel your standing instructions under this link.
- Is it mandatory for me to setup standing instruction on my RD?
To open an e-RD account, you will be asked to make a payment online. However, once the account is open, you can pay your RD installments at a branch or online instead of setting up standing instructions.
- Can I close my RD account online?
If you have opened an e-RD online, you will have an option called "Close Account" under e-RD when you log in to your netbanking. However, RDs that are not created online cannot be closed using this option.
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