PNB Pranam Fixed Deposit Scheme

The Punjab National Bank offers the Pranam fixed deposit scheme for individuals over the age of 55. The minimum deposit for this scheme is Rs.100. The minimum period of deposit for the scheme is 1 year while the maximum tenure is 10 years.

Updated On - 05 Sep 2025

Features of PNB Pranam Fixed Deposit Scheme

The various features of PNB Pranam Fixed Deposit Scheme are mentioned below:

Account type

Single or jointly with others

Deposit amount

Minimum: Rs.100

Maximum: Rs.1,99,99,999

Tenure

Minimum: 1 year

Maximum: 10 years

Rate of Interest

6.50% to 7.25%

Overdraft facility

Available

Premature withdrawal

Available

Eligibility Criteria for PNB Pranam Fixed Deposit Scheme

The primary eligibility criteria to open an account under the PNB pranam fixed deposit scheme are given below:

  1. Individuals over the age of 55 and below the age of 60
  2. Illiterate individuals
  3. Visually impaired individuals

Interest Rates of PNB Pranam Fixed Deposit Scheme for Deposits below Rs.2 crore

The interest rates of PNB pranam fixed deposit schemes for deposits below Rs.2 crore are given below:

Tenure 

Regular Citizen 

Senior Citizen 

One Year 

6.80 

7.30 

More than one Year to 399 days 

6.80 

7.30 

400 Days 

7.25 

7.75 

401 Days to two Years 

6.80 

7.30 

More than two years to three years 

7.00 

7.50 

More than three years to 1203 days 

6.50 

7.00 

1204 days 

6.40 

6.90 

1205 days to 5 years 

6.50 

7.00 

More than five years to 1894 days 

6.50 

7.30 

1895 days 

6.35 

7.15 

1896 days to 10 years 

6.50 

7.30 

Note: The FD interest rates are effective as of 1 October 2024. It can change at the discretion of the bank. 

The interest rates for PNB Pranam FD scheme are as per Card Rate as per guidelines issued by HO plus additional rate of 0.50%) as applicable to Senior Citizens from the date of attaining 60 years of age. 

How to Apply for PNB Pranam Fixed Deposit Scheme

You can visit the nearby branch of Punjab national Bank, if you want to apply for the PNB Pranam fixed deposit account. There you will be guided through the process of opening an account by a bank's representative.

FAQs on PNB Pranam Fixed Deposit Scheme

  • What is the minimum amount required to open a PNB pranam fixed deposit scheme?

    The minimum amount required to open a PNB pranam fixed deposit scheme is Rs.100.

  • Is overdraft facility available for the PNB pranam fixed deposit scheme?

    Yes, overdraft facility is available for the PNB pranam fixed deposit scheme.

  • Can an individual above the age of 60 eligible to open an account under the PNB pranam fixed deposit scheme?

    No, an individual above the age of 60 is not eligible to open an account under the PNB pranam fixed deposit scheme.

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