You can open a fixed deposit account if you hold a bank account with Punjab Gramin Bank. At the moment there is no online method through which you can open an FD account, so you will have to visit the nearest Punjab Gramin Bank branch to open an FD account. Punjab Gramin Bank FD interest rates range from 3.50% p.a. to 6.85% p.a.
Tenure | Domestic/ NRO Term Deposits (Below Rs. 1 crore) |
7 to 14 days | 3.50% |
15 to 29 days | 3.50% |
30 to 45 days | 3.50% |
46 to 90 days | 4.75% |
91 to 179 days | 5.50% |
180 to 270 days | 6.10% |
271 days to 329 days | 6.50% |
330 days | 6.85% |
331 days to < 1 year | 6.60% |
1 year only | 6.70% |
430 days | 6.85% |
431 days to 2 years | 6.70% |
2 to 3 years | 6.50% |
> 3 to 5 years | 6.20% |
> 5 to 10 years | 6.00% |
Note: Interest Rates are effective from 13 June 2025.
Period | Public (General) | Sr. Citizen (Public General) | Staff Members/Retired Staff *(Super Senior Citizen) |
5 years | 6.70 | 7.30 | 7.70 |
Note: Interest Rates are effective from 10 April 2025.
Tenure | NRE Term Deposits (Below Rs. 1 crore) |
1 year only | 6.70% |
>1 year | 6.60% |
430 days | 6.85% |
431 days to 2 years | 6.70% |
2 to 3 years | 6.50% |
> 3 to 5 years | 6.20% |
> 5 to 10 years | 6.00% |
Note: Interest Rates are effective from 13 June 2025.
Yes, senior citizens will earn an additional interest rate of 0.5% on their fixed deposit of less than Rs.15 lakh.
No additional interest rate will be offered for senior citizens if their deposits are above Rs.15 lakh.
Yes, you need to have a bank account with Punjab Gramin Bank to open an FD account with them.
The lowest interest rate offered is 3.50% for tenure ranging between 7 days and 45 days.
The highest interest rate offered is 6.85% for tenure under the PGB Ujjwal Bhavishya scheme.
Yes, interest will be credited at the end of each quarter.
Yes, the interest earned will be rounded off to the nearest rupee.
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