PNB Multi Benefit Term Deposit Scheme

Punjab National Bank (PNB) offers the PNB Multi Benefit Fixed Deposit Scheme for its customers for a period of up to 10 years. The rates of interest are provided as per the guidelines issued by the HO: IRMD, ALM Cell. 

Updated On - 05 Sep 2025

Eligibility Criteria for the PNB Multi Benefit Term Deposit Scheme

The following people are eligible for the PNB Multi Benefit Term Deposit Scheme:

  1. Individual (singly or jointly) with others
  2. Minors aged 10 years and above
  3. Proprietorship firm or Partnership firm
  4. Commercial Organization
  5. Company or Corporate Body
  6. Hindu Undivided Family (HUF)
  7. Association, Club
  8. Society
  9. Trust
  10. Religious/Charitable or Educational Institutions
  11. Municipality or Panchayat, Government or Quasi-Government Body
  12. Illiterate people
  13. People with blindness

Features and Benefits of the PNB Multi Benefit Term Deposit Scheme

The features and benefits of the term deposit scheme can be summed up as follows:

Period of deposit

6 months to 120 months

Rate of interest

Card rate as per the guidelines issued by the HO: IRMD, ALM Cell

Maturity Options

Compounded quarterly, payable on maturity of deposit

Minimum deposit

Rs.100

Maximum deposit

Rs.1,99,99,999

FAQs on PNB Multi Benefit Term Deposit Scheme

  • What is the minimum deposit amount for PNB multi benefit term deposit scheme?

    The minimum deposit amount for PNB multi benefit term deposit scheme is Rs.100. 

  • Does the bank give its employees an additional interest rate?

    Yes, in addition to the usual interest rates, senior bank employees and past workers receive an additional 1.5% annually. However, this is only true for deposits under Rs.2 crore. For deposits between Rs.2 crore and Rs.10 crore, senior bank employees and former employees would not be eligible for a higher interest rate. For PNB Tax Saver FDs, the maximum additional interest rate is 1% p.a. 

  • Who is eligible to open a fixed deposit scheme with PNB multi benefit term deposit scheme?

    Individual (singly or jointly), Minor who have attained the age of 10 years and above in his own name on giving proof of age, proprietorship/partnership Firm, commercial organization, Hindu Undivided Family, association, club, society, trust or religious/charitable or educational institutions are eligible to open a fixed deposit scheme with PNB multi benefit term deposit scheme. 

Disclaimer
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.