PNB FD Interest Rates Today – Nov 18, 2024
Punjab National Bank (PNB) offers fixed deposit interest rates ranging from 3.50% to 7.25% annually for the general public and 4.00% to 7.75% annually for senior citizens, with tenure periods spanning from 7 days to 10 years. PNB Tax Saving FDs provide an interest rate of 6.50% annually for the general public and 7.00% annually for senior citizen depositors.
Features of PNB FD Interest Rates
| Feature | Description |
|---|---|
| Interest Rates (%p.a.) | 3.50% – 7.25% |
| Minimum Deposit | Rs. 1000 |
| Period | 7 Days – 10 Years |
| Senior Citizen (Age 60 Year and upto < 80 Year) | Extra 0.5% p.a. |
| Super Senior Citizen (Age 80 Year and above) | Extra 0.3% p.a. from Senior Citizen |
| Compounding | Quarterly |
| Calculate FD Returns | PNB FD Calculator |
Punjab National Bank FD Interest Rates [Below Rs.1 Crore]
All interest rates shown below are annual (% p.a.) with effect from 8 January 2024.
| Period | General Public | Senior Citizens | 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 | 4.50 | 5.00 | 5.30 |
| 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 < 1 Year | 6.25 | 6.75 | 7.05 |
| 1 Year | 6.75 | 7.25 | 7.55 |
| >1 Year to 399 days | 6.80 | 7.30 | 7.60 |
| 400 Days [Highest] | 7.25 | 7.75 | 8.05 |
| 401 Days to 2 Years | 6.80 | 7.30 | 7.60 |
| above 2 years & upto 3 years | 7.00 | 7.50 | 7.80 |
| above 3 years & upto 5 years | 6.50 | 7.00 | 7.30 |
| above 5 years & upto 10 years | 6.50 | 7.30 | 7.30 |
Calculate Days to Years, Months, and Days
Punjab National Bank FD Interest Rates [Rs. 1 Crore To 2 Crore]
All interest rates shown below are annual (% p.a.) with effect from 8 January 2024.
| Period | General Public | Senior Citizens | Super Senior Citizens |
|---|---|---|---|
| 91 to 179 days | 4.55 | 5.05 | 5.35 |
| 180 days to 270 days | 6.05 | 6.55 | 6.85 |
| 271 days to 299 Days | 6.30 | 6.80 | 7.10 |
| 300 Days | 7.10 | 7.60 | 7.90 |
| 301 Days to <1 Year | 6.30 | 6.80 | 7.10 |
| 1 Year | 6.80 | 7.30 | 7.60 |
| >1 Year to 399 Days | 6.85 | 7.35 | 7.65 |
| 400 days [Highest] | 7.30 | 7.80 | 8.10 |
| 401 days to 2 years | 6.85 | 7.35 | 7.65 |
| above 2 year & upto 3 years | 7.05 | 7.55 | 7.85 |
| above 3 year & upto 5 years | 6.55 | 7.05 | 7.35 |
| above 5 years & upto 10 years | 6.55 | 7.35 | 7.35 |
Punjab National Bank FD Interest Rates [Rs. 2 Crore To 10 Crore]
All interest rates shown below are annual (% p.a.) with effect from 8 January 2024.
| Period | General 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 |
| 271 days to 299 Days | 6.75 |
| 300 Days | 6.75 |
| 300 Days to <1 Year | 6.75 |
| 1 Year [Highest] | 7.00 |
| >1 Year to 399 Days | 6.50 |
| 400 days | 6.50 |
| 401 days to 2 years | 6.50 |
| above 2 year & upto 3 years | 6.50 |
| above 3 year & upto 5 years | 6.25 |
| above 5 years & upto 10 years | 5.60 |
PNB TAX Saver Fixed Deposit
| Period | General Public | Senior Citizens | Staff Members | Super Senior Citizens |
|---|---|---|---|---|
| 5 Years | 6.50 | 7.00 | 7.50 | 7.50 |
| >5 Years to 10 years | 6.50 | 7.00 | 7.50 | 7.50 |
Calculate PNB FD Returns
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About Punjab National Bank
A Historical Beginning: PNB holds a significant place in India’s banking history, being established on 12th April 1895 in Lahore with a modest working capital of Rs. 20,000 and an authorized capital of Rs. 2 lakh. This makes it the first Swadeshi Bank, marking a crucial step towards financial independence.
Expanding Reach and Strength: Today, PNB stands tall as the third-largest public sector bank in India (as of January 2024), boasting a vast network of over 180 million customers, 12,248 branches, and 13,000+ ATMs. This extensive reach ensures accessibility and convenience for banking services across the nation.
Growth Through Consolidation: PNB further strengthened its position through the amalgamation of United Bank of India and Oriental Bank of Commerce on 1st April 2020. This strategic move propelled its growth and solidified its presence in the Indian banking landscape.
Diverse Financial Solutions: PNB caters to a wide range of financial needs through its comprehensive offerings:
- Personal Banking: Savings accounts, loans, credit cards, and wealth management solutions.
- Corporate Banking: Loans, trade finance, cash management, and advisory services.
- Investment Banking: Merchant banking, portfolio management, and project financing.
- Digital Banking: PNB ONE app and net banking platform for convenient online transactions.
Beyond Deposits: PNB goes beyond traditional fixed deposit schemes, offering a diversified portfolio of financial services:
- Industrial Finance: Supporting the growth of various industries through tailored loan products.
- Agricultural Finance: Empowering farmers and rural communities through dedicated financial solutions.
- Housing and Education Loans: Facilitating homeownership and educational aspirations with accessible loan options.
PNB continues to evolve and adapt, aiming to be a leading force in India’s dynamic financial landscape. Its rich history, extensive network, and diverse offerings make it a reliable and trusted partner for individuals and businesses alike.
Benefits of PNB Fixed Deposit
Punjab National Bank (PNB) offers a variety of Fixed Deposit (FD) schemes to cater to diverse savings goals and risk appetites. These FDs provide a safe and secure way to grow your money while earning attractive interest rates.
Key benefits of PNB Fixed Deposits:
- Competitive interest rates: PNB offers some of the most competitive FD interest rates in the market, ranging from 3.50% to 7.75% p.a., depending on the tenure and deposit amount.
- Flexible tenures: Choose from tenures ranging from 7 days to 10 years, allowing you to tailor your investment to your specific needs.
- Minimum deposit: Start small with a minimum deposit of just ₹1,000.
- Maximum deposit: Invest up to a maximum of ₹1 crore in most schemes.
- Senior citizen benefits: Senior citizens enjoy an additional 0.50% to 0.75% p.a. interest rate on their FD investments.
- Premature withdrawal options: Premature withdrawals are allowed under certain conditions, with applicable charges.
- Automatic reinvestment: Opt for automatic reinvestment of your matured FD principal and interest to maximize your returns.
- Loan against FD: Avail loans against your FD at attractive interest rates.
- Safe and secure: PNB is a public sector bank with a strong financial track record, ensuring the safety of your deposits.
Popular PNB Fixed Deposit Schemes
- Multi Benefit Term Deposit Scheme: This scheme offers flexible tenures, interest payouts, and loan facilities.
- Special Term Deposit Scheme: This scheme offers attractive interest rates for longer tenures.
- Ordinary Term Deposit Scheme: This is a basic FD scheme with simple interest payout.
- PNB Sugam Term Deposit Scheme: This scheme is specifically designed for senior citizens, offering higher interest rates and flexible tenures.
- PNB Anupam Term Deposit Scheme: This scheme offers high interest rates for high deposit amounts.
Choosing the right PNB Fixed Deposit scheme:
When choosing a PNB FD scheme, consider your investment goals, risk appetite, and tenure preference. It’s also important to compare interest rates offered by different schemes and other banks. You can use online FD calculators to estimate your returns based on your chosen scheme and tenure.
Investing in PNB Fixed Deposits is a great way to:
- Secure your savings and earn guaranteed returns.
- Build a corpus for future goals like retirement or children’s education.
- Park your surplus funds for a fixed period of time.
- Hedge against inflation.