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    Punjab National Bank (PNB) FD Interest Rates
     and 2 other FDs
    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6.5% - 6.75% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4.25% - 7.25% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.6% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.28% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Punjab National Bank (PNB) FD Interest Rates is Rated as "Excellent!" by 45 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    Punjab National Bank (PNB) FD Interest Rates

    Punjab National Bank (PNB) offers competitive Fixed Deposit (FD) interest rates and a wide range of other benefits such as flexible tenure options, nomination facility, loan/overdraft option, etc. PNB offers different types of fixed deposit products and the interest rates vary depending on the time period and market conditions. Prospective customers can get information on all updated FD rates for 2018 from the below table.

    Interest rates of PNB fixed deposits, for regular and senior citizen deposits, with effect from 1 March, 2018:

    Tenure Regular FD Interest Rates (p.a.) Senior Citizen FD Rates (p.a.)
    7 days to 45 days 5.70% 6.20%
    46 days to less than 1 year 6.35% 6.85%
    1 year 6.60% 7.10%
    Above 1 year to 3 years 6.75% 7.25%
    Above 3 years to 5 years 6.25% 6.75%
    Above 5 years to 10 years 6.25% 6.75%

    * All interest rates all applicable for deposits less than Rs.1 crore.

    *Please note that interest rates are subject to change at the discretion of the bank without any prior notice.

    Best FD interest rates on PNB deposits

    The highest interest rate offered on PNB FDs is 6.75% p.a. for all deposits less than Rs.1 crore, held for more than 1 year to 3 years. For senior citizens, the highest interest rate offered is 7.25% p.a. for all deposits of less than Rs.1 crore, held for the same tenure as mentioned above.

    Minimum and Maximum PNB Bank fd interest rates 2018 for Regular and Senior Citizen

    PNB Short-Term FD Rates

    PNB offers a wide range of short-term FD products, which is ideal for those who want to earn some quick returns and do not want to keep their money locked for a long period of time. The tenure for these types of deposits ranges from 7 days to less than a year. The interest rates offered for short-term PNB FDs range from 5.70% p.a. to 6.35% p.a.

    PNB Medium-Term FD rates

    The interest rates offered on medium-term PNB term deposits range from 6.25% p.a. to 6.75% p.a. for tenures ranging from 1 year to 5 years. For a period of 1-year the bank pays interest at the rate of 6.60% p.a. and for a period of 3 years to 5 years, the rate of gain is at the rate of 6.25% p.a.

    PNB Long-Term FD Rates

    PNB also offers term deposits for those who want to make a long-term commitment with their money. The time period for these types of deposits is more than 5 years to 10 years. The interest rate offered in this slab is 6.25%. PNB offers tax saver fixed deposits that come with a lock-in period of 5 years. Those investing in these FDs can claim a deduction under Section 80C of the Income Tax Act for the principal invested for up to Rs.1.5 lakh.

    PNB Senior Citizen FD Rates

    The interest rates offered on senior citizen FDs are higher than regular term deposits offered by PNB. An additional interest rate 0.50% p.a. is paid to all those aged above 60. The interest rate offered for this age group ranges from 6.20% p.a. to 7.25% p.a. The minimum tenure for deposits is 7 days, while the maximum is 10 years. Senior citizens can invest in the wide range of fixed deposit products offered by PNB, including short-term, medium-term, long-term and tax-saver FDs.

    How to calculate PNB FD interest rate

    The interest that you will earn out of your Punjab National Bank FD can be easily calculated using a fixed deposit interest rate calculator. This tool is very useful for prospective investors because it will help them know how much to invest to get the desired returns. To calculate the total earnings you will get out of your PNB FD, there are many factors that need to be considered. Let us take a look at some of these factors below.

    Factors that affect FD maturity amount:

    • Rate of interest: The rate at which a depositor is paid is an important factor that helps calculate the returns at the time of maturity. Note that the interest rate is different for different tenures.
    • Amount invested: The principal that you invest is also a key piece of information that is needed to calculate the maturity amount using the FD calculator.
    • Time period: Along with factors such as interest rate and principal, the tenure of the investment is also crucial because different time periods offer different interest rates.
    • Compounding frequency: There are different interest compounding frequencies including monthly, quarterly, half-yearly and yearly. The time interval of interest compounding plays a pivotal role in determining the total value of the term deposit at the time of maturity
    • Taxation: The amount of Tax Deducted at Source (TDS) also makes a difference as far as the total maturity value of the deposit is concerned.

    Punjab National Bank FD interest calculator

    An FD interest calculator helps users easily calculate the total maturity value of the fixed deposit. This can be done by feeding in details such as the principal amount, rate of interest, tenure, etc. An online FD interest calculator can be used for this purpose.

    The BankBazaar FD interest calculator can be used to calculate the maturity amount of your FD. All you need to do is key in the relevant information and the results will be displayed to you in a matter of seconds. For example, if you invest Rs.1 lakh for a period of 2 years in a PNB FD scheme at the rate of 7.40% per annum, the total maturity value will be Rs.1,07,400. The total interest earned out of the term deposit scheme will be Rs.7,400.

    Key Information before Opening a Fixed Deposit

    Eligibility to Open an FD
    • Individual
    • Joint account Minor with a guardian
    • Partnership
    • Company
    • Any association or Institute
    • NRIs
    Documents Required
    • Application Form
    • Depositor’s photograph (2 copies)
    • Identity proof & Address proof as per KYC Norms
    • PAN Card copy/ Form 60 or 61
    • Aadhaar Card Details
      Benefits of a PNB FD
    • Nomination facility
    • Automatic renewal option after maturity
    • Part withdrawal facility on the deposits
    • Avail loan

    FAQs on Punjab National Bank FD

    1. Can interest rates on term deposits change from time to time?
    2. Yes. Banks may change their interest rates on term deposits at any point in time. However, you will be paid interest at the rate at which you applied for the FD.

    3. Do you have to pay tax on the interest earned on fixed deposits?
    4. Yes. The interest earned on FDs is subject to tax only if the total interest income is more than Rs.10,000 in a given financial year.

    5. What are the consequences if you do not provide PAN card details while applying for the FD?
    6. The following will be the consequences:

      • TDS will be deducted at a higher percentage of 20% as against the normal 10%
      • TDS certificate will not be issued
      • You may not receive TDS credit from the Income Tax department
      • All tax exemption certificates will be deemed null and invalid
    7. How is interest paid to a term deposit holder?
    8. The interest will be directly credited to the customer’s perspective savings bank account.

    9. 5. Is the interest rate offered on e-FDs the same as regular FDs?
    10. Yes.

    Know how to Link Your KYC Dcuments to Punjab National Bank Account

    Punjab National Bank Fixed Deposit Reviews

    • Punjab National Bank Fixed Deposit
      "Average"
      0.5 3.0/5 "Satisfactory"
      I am having the fixed deposit account with the Punjab National bank and the services are good one. I would like to say that the rate of interest is okay one for me with the Punjab National bank. I am really happy with them till now.
      Was this review helpful? 0
      , jaipur
      Reviewed on Feb 27, 2018
    • Punjab National Bank Fixed Deposit
      "Fixed deposit with PNB"
      0.5 5.0/5 "Blown Away!"
      I hold a fixed deposit with PUNJAB NATIONAL BANK. The rate of interest is 4.5% for one year. Even if i withdraw with in the Fixed Deposit period they do not apply any charges. The customer service and response with the fixed deposit account is great.
      Was this review helpful? 0
      , noida
      Reviewed on Jan 11, 2018
    • Punjab National Bank Fixed Deposit
      "Average Investment"
      0.5 3.0/5 "Satisfactory"
      I put a decent amount of my Money into Fixed Deposit and PNB looked to be a perfect fit for that. I got Interest return of 7%, which I feel is quite good compared to the Market standards. The best thing about this Investment is that I can take the whole amount out of the FD any time I want even before maturity.
      Was this review helpful? 6
      , new delhi
      Reviewed on Dec 21, 2017
    • Punjab National Bank Fixed Deposit
      "Average"
      0.5 3.0/5 "Satisfactory"
      I am having the fixed deposit account with the Punjab National bank and the interest rate is around 8%. Customer service is okay for me and I have not faced any issues with them. Online banking services are not having issues with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 28, 2017
    • Punjab National Bank Fixed Deposit
      "PNB is my bank"
      0.5 5.0/5 "Blown Away!"
      PNB is my bank as I worked as a Senior Manager there so I know how the bank works. , Interest rate offered by them was the 1.5% extra than the normal interest rate for FD because I am staff of that bank I get 6.60% for 5years. For senior citizen they give 6.25% plus some additional interest too.
      Was this review helpful? 0
      , jalandhar
      Reviewed on Sep 05, 2017
    • Punjab National Bank Fixed Deposit
      "Scheme is good"
      0.5 5.0/5 "Blown Away!"
      PNB Fixed deposit scheme is very good, yes it is a good bank. I am using this bank account for about 15 years . My parents are holding an account there which prompted me to open this account with this bank, it is a reputed bank too so I had taken FD from this bank. Interest rate 9%for FD and I do get tax benefit from this FD
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 11, 2017
    • 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? 5
      , 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? 11
      , 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
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