How to Open PNB Fixed Deposit Online

If you are a customer of Punjab National Bank (PNB), then one of the products that you can avail from them is opening a fixed deposit (FD) account. Opening an PNB FD account can be a very good idea as it allows you to maximize your savings over a period of time so that you can take care of your financial needs in the future. The risk involved is very low and the returns are also decent. However, you will need to open a bank account with PNB before you can open an FD account with them.

Hence, we will list down the methods through which you can open an FD account with PNB.

How to open an FD account with Punjab National Bank

Online

• Visit the Punjab National Bank official website and login to the net banking portal using your customer id and password.
• On the menu section, click on ‘Deposits’.
• Under ‘Deposits’ click on ‘Fixed Deposit’.
• You can enter the amount you wish to deposit, followed by the tenure.
• Enter the necessary information and upload the required documents.
• The lender will verify the details provided by you and if they are found to be correct, then an FD account will be opened in your name. You can start depositing a certain amount into your FD account on a monthly basis.

Through mobile app

• Download the Punjab National Bank mobile app on your phone.
• Log in using your login credentials.
• On the menu section, click on ‘Deposits’.
• Under ‘Deposits’ click on ‘Fixed Deposit’.
• Enter mandatory details such as the deposit amount, tenure, etc.
• The next step is to provide other important information and upload the necessary documents.
• The bank will verify the information and if they are correct, then an FD account will be opened in your name after which you can start depositing a certain amount on a monthly basis in it.

How to open an FD account with Punjab National Bank Offline

You can visit the nearest PNB branch along with all the necessary documents to open an FD account. A representative from the bank will help you with the process of opening an FD account. Duly fill and sign the application form and submit it along with the required documents. The lender will verify them and if they are found to be correct, an FD account will be opened in your name after which you can start depositing a certain amount in it on a monthly basis until your tenure comes to an end.

Frequently Asked Questions (FAQs)

1. What is the minimum tenure of a fixed deposit account opened with Punjab National Bank?

   The minimum tenure of a fixed deposit account opened with Punjab National Bank is 7 days.

2. What is the maximum tenure of a Punjab National Bank FD?

   The maximum tenure of a Punjab National bank FD is ten years.

3. What is the minimum amount one can use to open a fixed deposit account with Punjab National Bank?

   You can open a fixed deposit account with just Rs.100 with Punjab National Bank.

4. Can I take a loan against my FD in Punjab National Bank?

   Yes, Punjab National Bank allows its customers to take a loan against their FDs. Punjab National Bank’s FD investors can borrow up to 90% of their deposit amount as a loan against their investment.

5. Is there a nomination facility available with Punjab National Bank’s fixed deposit scheme?

   Yes, Punjab National Bank’s FD investors can nominate beneficiaries for their funds.