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    PNB Special Term Deposit Scheme  and 2 other FDs

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6.7% - 6.9% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4.25% - 7.4% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know

    PNB Special Term Deposit Scheme is Rated as "Excellent!" by 39 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    Punjab National Bank has been catering to the financial needs of customers across the country for over 120 years, offering customised products to meet specific requirements. The Special Term Deposit Scheme initiated by PNB aims to inculcate a habit of savings in individuals, providing their hard earned money a platform to grow over time. Flexible deposit options and time periods make it ideal for those who wish to be equipped to handle any financial emergency.

    Eligibility criteria for PNB Special Term Deposit Scheme

    Individuals who wish to open an account under PNB Special Term Deposit Scheme are expected to satisfy the following criteria.

    • Individuals - This account can be opened either as a single account or a joint account by individuals
    • Age – Account can be opened in the name of a minor by his/her guardian. The age of the minor should be under 10 years. If the minor is over 10 years, age proof should be provided
    • Organisations – This account can be opened by firms, associations, clubs, charitable institutions, government bodies, Hindu undivided families, religious trusts, commercial organisations, municipalities, panchayats, quasi government bodies, etc.
    • Deposit – A minimum balance of Rs 100 should be maintained in the account for it to be active

    Features of PNB Special Term Deposit Scheme

    Account Type Joint/Single
    Amount

    Min – Rs 100

    Max – Rs 99.99 lakh

    Rate of Interest

    Min – 7.25% per annum

    Max – 8% per annum

    Period/Tenure

    Min – 1 year

    Max – 10 years

    TDS If income from interests exceeds Rs 10,000 in a financial year, TDS should be paid as per rules laid down by the Income Tax Department
    Loan against PNB Special Term Deposit Scheme Loans can be availed, subject to meeting certain criteria
    Nomination Yes
    Auto Renewal Yes, unless specifically mentioned

    PNB Special Term Deposit Scheme Interest Rates

    PNB offers different interest rates on its Special Term Deposit Scheme based on the age of a depositor and the tenure of a particular deposit. These interest rates are mentioned below.

    Tenure Interest rate for senior citizens Interest rate for others
    1 year but less than 2 years 8 % 7.5 %
    More than 2 years but less than 5 years 7.75 % 7.25 %
    More than 5 years but less than 10 years 7.75 % 7.25 %

    Note: The interest rates offered by PNB are subject to change at their sole discretion. The above mentioned rates are for December 2015.

    PNB Special Term Deposit Scheme FAQs

    1. Should one be a literate to open an account under PNB Special Term Deposit Scheme?
    2. No, one needn’t be literate to open and handle this account. PNB has provisions for illiterates to open and operate this account.

    3. Are premature withdrawals permitted under this scheme?
    4. Yes, premature withdrawals are generally permitted, unless specifically stated otherwise. A penalty might be levied by the bank for such premature withdrawals and no interest will be paid if the withdrawal is made within 15 days of opening an account.

    5. When will interest on this account be paid?
    6. The interest can be paid to an account holder either quarterly or monthly at a discounted value. Interests on deposits which are overdue are paid by the bank according to the policies in place at a particular time.

    7. What are the documents one should submit to open an account under this scheme?
    8. Individuals who wish to open this account need to submit the following documents.

      • Two recent passport size photographs
      • Pan details or General Index Number of applicant
      • Form 60 or 61

      The individual who wishes to open this account should be introduced by a person known and acceptable to the bank.

    9. How does the auto renewal feature work?
    10. Under this scheme, an account is automatically renewed for the period for which the initial contract was signed. The bank might inform a customer about auto renewal before it is renewed. An account will be renewed only if no prior instructions are given stating the contrary.

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  • PNB Special Term Deposit Scheme Reviews

    • Punjab National Bank Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had invested in fixed deposit with Punjab National Bank. I have deposited ceratin amount on my account. I got good response from the bank when I opened FD. The bank was so supportive and they provided all the information regarding FD. The interest rates too are pretty attractive.
      Was this review helpful? 4
      , indore
      Reviewed on May 04, 2017
    • Punjab National Bank Fixed Deposit
      "Customer service should be good and unique for everyone"
      0.5 4.0/5 "Great!"
      I do have fixed deposit account with the Fixed deposit and they have provided around 8.5% as interest rate. Services are perfect one for me and I do have good relationship with them because my relatives are working there. Net banking services are also working good and they are started to exhibit most of the services there.
      Was this review helpful? 4
      , ghaziabad
      Reviewed on Apr 26, 2017
    • Punjab National Bank Fixed Deposit
      "Easy & fast process"
      0.5 5.0/5 "Blown Away!"
      I have taken a fixed deposit with Punjab National bank. It was a easy process to open this account. Though I have an option on the portal. I preferred visiting the bank in person and the process was completed pretty fast. The rate of interest is satisfactory too.
      Was this review helpful? 7
      , ambala
      Reviewed on Aug 08, 2016
    • Punjab National Bank Fixed Deposit
      "Average Experience"
      0.5 3.0/5 "Satisfactory"
      I hold a fixed deposit with PNB Bank. The services are average from them. When ever I contact them with a query, I do not get a very satisfactory answer. The rate of interest is normal. There are no charges taken for this facility. It would be better if there is an improvement in services.
      Was this review helpful? 5
      , jammu
      Reviewed on Jul 05, 2016
    • Punjab National Bank Fixed Deposit
      "Excellent !!!!"
      0.5 5.0/5 "Blown Away!"
      PNB is giving 7.5% interest rate for one year fixed deposit . There is no activation charges. The minimum amount is Rs.1000. We can avail the plan through online which will be activated on the spot. If we withdraw the many in between there are no charges
      Was this review helpful? 15
      , faridabad
      Reviewed on Mar 18, 2016
    • Punjab National Bank Fixed Deposit
      "Never to trust"
      0.5 1.0/5 "Really Bad"
      When i opened the fixed deposit account the amount was taken from the saving so they told that there is no need of any receipt and another account number.But after seven months when i applied to break the deposit they were asking for th receipt and account number by which i am not able to break it. In the initial stage they told that for 10,000 will get 18,000 after a year but later they informed will get Rs.10,850. They are not transparent to the customer.
      Was this review helpful? 9
      , ghaziabad
      Reviewed on Jan 13, 2016
    • Punjab National Bank Fixed Deposit
      "Happy with them..."
      0.5 5.0/5 "Blown Away!"
      My fixed account is with Punjab national bank. Interest part was good. I am getting lots of offers from them. They offered me a debit card. They will provide install loan without any documents. We can use it as multiple purpose. Their fixed account is flexible for every one.
      Was this review helpful? 11
      , chennai
      Reviewed on Nov 14, 2015
    • Punjab National Bank Fixed Deposit
      "lONG TERM CUSTOMER"
      0.5 3.0/5 "Satisfactory"
      I opened an Fixed Deposit account with PNB because it is reliable to the customers. There is no need to open an savings account with them for doing any kind of investments. But if its any private bank we have to open an account as well as need to maintain some minimum balance. 9% is the rate of interest they are offering to me.
      Was this review helpful? 13
      , gurgaon
      Reviewed on Oct 10, 2015
    • Punjab National Bank Fixed Deposit
      "GOOD PROFIT "
      0.5 4.0/5 "Great!"
      I opened an Fixed deposit account with PNB. Since it is an government sector I opened this account with them. They are very matured in banking services. It is very safe with PNB to hold an FD account, one of my friend has suggested me about this bank. They have offered me 9% interest rate which is good.
      Was this review helpful? 11
      , guwahati
      Reviewed on Sep 16, 2015
    • Punjab National Bank Fixed Deposit
      "Good.."
      0.5 4.0/5 "Great!"
      I am banking with only one bank that is Punjab National Bank so basis that I got this fixed deposit and rate is 7.5 to 9%. For senior citizens the interest might be 9%. I have not done the pre maturity so have no idea about the same. My banking relationship with this bank is very good and they are acting fast on my queries.
      Was this review helpful? 11
      , chennai
      Reviewed on Aug 06, 2015
    • Punjab National Bank Fixed Deposit
      "Good Experience!!"
      0.5 4.0/5 "Great!"
      It is a very good experience with the Punjab National bank for the fixed deposit account. I had taken the deposit from this bank as the bank was near to my place and it is easily accessible for me. I do get a proper response from the bank whenever I approach them.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jul 28, 2015
    • Punjab National Bank Fixed Deposit
      "Very good"
      0.5 4.0/5 "Great!"
      Interest rate offered for the fixed deposit plan is 9% from Punjab national bank.The minimum lock in period for fd is 10 years and i have taken for the tenure of 15 years. To start the plan the minimum amount to be deposit is just Rs.1000 . There is no any extra charge in case we break the tenure.After the plan gets matured we can avail the amount b visiting the bank.
      Was this review helpful? 6
      , noida
      Reviewed on Jul 24, 2015
    • Punjab National Bank Fixed Deposit
      "Nice Returns"
      0.5 4.5/5 "Excellent!"
      As my account is with Punjab National bank since last 4 years so I opened the fixed deposit account in the same bank. Interest rate is getting transferred to my account once in year. There in a possibility to withdraw the amount in midst of the tenure as they are not going to charge anything as penalty. I would say, the interest rate as less comparing to other banks.But since it is linked with my saving account it is best for me.
      Was this review helpful? 3
      , mumbai
      Reviewed on Jul 23, 2015
    • Punjab National Bank Fixed Deposit
      "Low in rate...."
      0.5 5.0/5 "Blown Away!"
      As my account is with Punjab National bank so an officer helped me to open the fixed deposit. Interest rate is getting transferred to my account once in year. There in a possibility to withdraw the amount in midst of the tenure as they are not going to charge anything as penalty. I would say, the interest rate as less comparing to other banks.
      Was this review helpful? 2
      , chennai
      Reviewed on Jul 22, 2015
    • Punjab National Bank Fixed Deposit
      "Easy and Benificial"
      0.5 4.5/5 "Excellent!"
      The Fixed deposit from Punjab National bank is good. It is very easy to open the fixed deposit account.formalities were few and not so difficult. The Return provided by the bank is good enough.I would say that PNB is better than any other banks because they are good in everything.
      Was this review helpful? 11
      , pune
      Reviewed on Jul 11, 2015
    • Punjab National Bank Fixed Deposit
      "Good"
      0.5 3.0/5 "Satisfactory"
      The Fixed deposit from Punjab National bank is good. I have opened this account because of the savings account I am already holding with this bank. It is not very easy to open the fixed deposit account without being an existing customer of this bank. The main reason to open this account is the branch which is near to my home town. The rate of interest given to this deposit is around 8%.
      Was this review helpful? 6
      , new delhi
      Reviewed on Jun 25, 2015
    • Punjab National Bank Fixed Deposit
      "Great !!!"
      0.5 5.0/5 "Blown Away!"
      Interest rate is like 8.75% for fixed deposit in Punjab National bank and the interest rate is half yearly compounding. I would say that PNB is better than any other banks because they are good in everything. I just walked in to branch to get opened the deposit and formalities were normal. PNB is wonderful in services.
      Was this review helpful? 6
      , bhubaneshwar
      Reviewed on Apr 06, 2015
    • Punjab National Bank Fixed Deposit
      "Good"
      0.5 5.0/5 "Blown Away!"
      Rate of interest offered for Punjab national bank fixed deposit is 9% which is quite attractive interest rate. Its for 1 lakh deposit amount and as I had my savings account, I did opt this bank. Even customer service team was good. Overall quite accessible and approachable services.
      Was this review helpful? 18
      , new delhi
      Reviewed on Jan 09, 2015
    • Punjab National Bank Fixed Deposit
      "Quite ok"
      0.5 3.0/5 "Satisfactory"
      As I have my home loan relationship with Punjab National bank, I did open this fixed deposit. Interest rate would be 8-9% however as it is essential I did opt for it. For doing deposit, I would visit the branch. It would be helpful if the on line facilities could be there.
      Was this review helpful? 8
      , hyderabad
      Reviewed on Dec 10, 2014
    • Punjab National Bank Fixed Deposit
      "Fantastic"
      0.5 5.0/5 "Blown Away!"
      Punjab National bank is really great in terms of fixed deposit. They offer a very high rate of interest of 9% when compared to other banks. PNB is a government authorized bank and the returns are much more higher than other banks. It is very convenient banking with PNB as the branch is very close my house.
      Was this review helpful? 11
      , jaipur
      Reviewed on Nov 20, 2014
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