PNB Dugna Scheme 2025

The Punjab National Bank has been catering to the customer's financial need for over 120 years, providing a new deposit product called the PNB Dugna Fixed Deposit Scheme.

The fixed deposit will double your money in 109 months with the interest being compounded quarterly. Here are more details about the scheme. 

Updated On - 05 Sep 2025

Eligibility Criteria for Applying for Punjab National Bank - PNB Dugna Fixed Deposit Scheme 

The following are the eligibility criteria to apply for PNB Dugna  fixed deposit scheme: 

  1. The account can be either as single or joint account 
  2. Under this scheme, the Non-Resident Indian can open a Non-Resident Ordinary Savings Account 
  3. To keep the account active and running, you need to keep a minimum balance of Rs.5,000 
  4. This scheme can be opened by small groups or organisations, such as trusts, HUFs, charitable institutions, education institutions, etc. 
  5. For Minors below 10 years, guardians can open this scheme on behalf of them 

Note: In case the minor is above 10 years, additional documents as specified by the bank will have to be provided by the guardian. 

Features of Punjab National Bank - PNB Dugna Fixed Deposit Scheme

The following are the key features of PNB Dugna fixed deposit scheme: 

Account Type

Joint/Single/Organisation

Amount

The minimum amount for the recurring deposit can be from Rs. 5000 in multiples of Re. 1 and up to Rs. 1 crore per day per customer

Rate of Interest

The rate of interest will be 7.75% per annum compounded quarterly

Period

The tenure can be from a minimum of 99 months

TDS

The bank will issue a TDS certificate for the tax deducted

Loan against Punjab National Bank - PNB Dugna Fixed Deposit Scheme

The Punjab National Bank - PNB Dugna Fixed Deposit Scheme offers the facility of a loan or overdraft facility available under this scheme.

Nomination (if any)

NA

Auto Renewals

This scheme will remain active until the amount is withdrawn from the bank.

Period of Deposit

The total periods for which this deposit is available under this scheme is a maximum 109 months

Punjab National Bank - PNB Dugna Fixed Deposit Scheme Interest Rates 

Tenure

Interest rate for senior citizens

Interest rate for others

1 year but less than 2 years

7.75% + 0.50%

7.75%

More than 2 years but less than 5 years

7.75% + 0.50%

7.75%

More than 5 years but less than 10 years

7.75% + 0.50%

7.75%

* The interest rates mentioned are at the discretion of the bank and are subject to change

FAQs on PNB Dugna Scheme

  • Are premature withdrawals permitted under this scheme?

    Yes, premature withdrawals are permitted under the PNB Lakhpati Scheme, unless specified otherwise

  • When will interest on this account be paid?

    The interest for this account will be paid at a discounted value monthly, quarterly, or on the date of maturity. You can choose the option under the scheme. 

  • What are the documents one should submit to open an account under this scheme?
    1. The bank will require to be introduction of the person’s opening the account by another person acceptable by the bank.
    1. 2 passport sized photographs of the applicants.
    1. The bank will require a PAN copy
    1. Also the bank will require completion of KYC norms and submission of complete information as required.
  • Should a person be qualified in order to apply for this Fixed Deposit?

    PNB has facilities to allow those who are not qualified or educated to open and operate this account. It isn’t necessary for someone to be literate to open or handle this account.

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