Punjab National Bank, one of the public sector banks operating in the country offer different types of fixed deposits. Customers can open a fixed deposit account of their choice. The interest rate offered on these term deposits range between 3% and 5.25% per annum with the minimum and maximum tenure being 7 days and 10 years.
Before opening a FD account with the lender, you can check the maturity amount by using a FD calculator. This enables you to know how much you will earn for investing a certain sum of money for a specific period of time. You can use BankBazaar’s FD calculate by simply entering the amount, tenure, and interest rate.
Other Banks FD Calculator
The benefits of using BankBazaar’s FD calculator are mentioned below:
You can use BankBazaar’s FD calculator by following the steps listed below:
PNB Bank offer the rates mentioned in the table below for opening a FD account with them:
|Tenure||Interest rate offered to general citizens (per annum)||Interest rate offered to senior citizens (per annum)|
|7 days – 45 days||3.00%||3.50%|
|46 days – 90 days||3.25%||3.75%|
|91 days – 179 days||4.00%||4.50%|
|180 days – 270 days||4.40%||4.90%|
|271 days to less than 1 year||4.50%||5.00%|
|1 year 1 day to 2 years||5.10%||5.60%|
|2 years 1 day to 3 years||5.10%||5.60%|
|3 years 1 day to 5 years||5.25%||5.75%|
|5 years 1 day to 10 years||5.25%||5.75%|
Yes, senior citizens are offered additional interest of 0.50% on all FD tenures.
Yes, the facility of overdraft and nomination is available.
Yes, a fixed deposit scheme called PNB Balika Shiksha Fixed deposit scheme is offered by the lender for girls.
The minimum deposit amount for opening a FD account under the PNB Special Term Deposit scheme is Rs.100.
In such instance, no penalty will be levied by the bank for premature withdrawal.
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