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    How to find the best rates for Punjab National Bank Fixed Deposit  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

    How to find the best rates for Punjab National Bank Fixed Deposit is Rated as "Excellent!" by 39 Users

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    Fixed Deposit BYTES FROM OUR KITCHEN

    PNB FD Rates 2017

    Punjab National Bank is a leading public-sector bank offering fixed deposit products to customers at varying tenors and competitive rates. Interest rates on fixed deposits, however, are prone to changes in line with market rates. This can make it difficult for potential customers to ascertain maturity amounts and plan investments. To alleviate this, the above table captures all changes made to the banks FD rates. This not only lets customers track holdings but also make real-time comparisons.

    Revised PNB FD Interest Rate May 2017

    The updated list of Punjab National Bank FD Rates 2017, for General and Senior Citizen less Than Rs.1 Cr. W.E.F. 03.05.2017 is listed below:

    "7 to 14 days"4.254.75
    15 to 29days4.254.75
    30 to 45 days4.755.25
    46 to 90 days5.756.25
    91 to 179 days66.5
    180 days to 270 Days6.256.75
    271 days to less than 1 year6.256.75
    1 year6.97.4
    above 1 year & upto 2 years6.87.3
    above 2 year & upto 5 years6.87.3
    above 5 years & upto 10 years6.77.2

    Punjab National Bank FD Interest Rates for Domestic Term Deposits

    PNB Short Term FD Rates

    The interest rate stands at 4.25% on a 29-day deposit. This is a reasonable return for those with near-term liquidity requirements. For schemes with tenures of 46 and 90 days, the rate stands at 6% which is enhanced by 0.25% for a tenor of 91 to 179 days (at 6.25%) and by 0.25% for a tenor of 180 days to 270 Days at 6.50%. For deposit periods of 180 days, rates are same as 9 months i.e. 6.50%.

    Pnb Fd Rates 2017

    PNB Medium and Long Term FD Rates

    Interest rates on PNB’s fixed deposits for holdings of 1 year and above (up to 5 years) are varying from 6.70% to 6.9%. Deposits held for 1 Year gives the highest interest rate at 6.9% which drops for the deposit of 1 year to 2 years gives interest rate of 6.80% while deposits held for more than 2 to 5 years will see a drop in rates to .90%. For tenures above 5 years, the rate holds steady at 6.7%.

    PNB Senior Citizen FD Rates

    An increment of 0.5% is offered on all existing FD rates, across tenors, for senior citizens.

    PNBs FD rates are comparable to its peers making them attractive investment options for safe and assured returns. Deposit rate changes are an outcome of RBI cuts in repo rates which has led PNB and many other banks to reduce their base rates.

    The updated list of PNB Senior Citizen FD Rates, per specific tenures, is mentioned above.

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

    News About Punjab National Bank Fixed Deposit

    • Punjab National Bank Reduces Interest Rates on Fixed Deposits

      Punjab National Bank (PNB) has slashed the interest rates on various schemes of fixed deposits by about 0.3 %. According to the PNB statement, the newly announced rates will be effective from October 5 onwards. Interest rate reductions for domestic term deposits will be applicable only on certain maturities and it will vary from 0.05 to 0.3 %. A week ago, PNB had also revised the Marginal Cost of Funds based Lending Rates (MCLR) across all maturities by lowering it to 0.5 %. These revisions come a day after RBI announced its bi-monthly monetary policy review.

      12th October 2016

    • FD Rate Cut by Punjab National Bank

      Punjab National Bank has slashed its Fixed Deposit interest rates by up to 0.25% for certain tenors.

      The bank has cut interest rates for retail term deposits with a maturity of more than 1 year by 0.05 to 0.25%, with the new rates effective from the 1st of July, 2016.

      The rate cut could be a response to the bank’s recent earnings loss, as it suffered losses pegged at Rs. 5,367 crore for the quarter ending March 2016.

      The Non-Performing Assets (NPA) provision rose to Rs. 11,380 crore for the last quarter of 2015, a jump from Rs. 3,281 for the same period in the previous year.

      This resulted in the bank’s NPA rising to 12.9% for the period ending March 2016, up from 6.55% for the previous year.

      4th July 2016

    • Punjab National Bank Fixed Deposit Rates

      Acting on the directive of the Reserve Bank of India, Punjab National Bank has lopped the interest rates of its products owing to the repo rate reduction. Its deductions, though fractional, have been consistent regarding its interest rates. Though savings accounts have not been affected in a major way, the traditional investment tool of fixed deposits has witnessed interest rate slashing.

      The third month of the last quarter of 2015, December, has seen changes in the interest rate for fixed deposits with Punjab National Bank. The interest rate applicable for deposit tenures 1 year up to 2 years for deposits less than Rs 1 crore are 7.50% (regular deposit) and 8% (senior citizens deposit) respectively. For NRE deposits less than Rs 1 crore, with the tenures 1 year up to 2 years the rate of interest is 7.50%. NRE term deposits of Rs 1 crore to Rs 10 crore have interest rate at 7%.

      In case of the term deposit less than Rs 1 crore for tenure above 2 years and up to 5 years, the interest rates are 7.25% (regular deposits) and 7.75% (senior citizens deposits). NRE deposits of less than Rs 1 crore, with tenure above 2 years and up to 5 years have interest rates at 7.25%. 6.75% interest rate is applicable to NRE term deposits of Rs 1 crore to Rs 110 crore.

      16th December, 2015

    • Fixed Deposit Rates in Punjab National Bank

      A growing nationalised bank, Punjab National Bank has conformed to the directive of the Reserve Bank of India and has reduced the interest rates charged on many of its credit instruments. Along with that, has also come the reduction of interest rates offered on deposits. While savings bank accounts haven’t been as seriously affected, fixed deposits have seen the sticky end of the situation repeatedly.

      As of November 2015, the lowest interest rate offered by Punjab National Bank is at 4.25% per annum for deposit periods ranging from 7 days to 29 days. The interest rate increases by 0.5% for the next time slab of 30 to 45 days. For deposits of durations 46 to 90 days, an interest rate of 6.25% per annum is applicable. Fractional increases in the rates allow for subsequent interest rates of 6.5% and 7.0% per annum. The maximum interest rate on offer is capped at 7.75% per annum for periods of deposit ranging from 1 year up to 2 years. All interest rates are increased by 0.5% in case of senior citizens.

      3rd November, 2015

    • PNB reduced FD rate on various maturities

      After the repo rate cut of the Reserve Bank of India by almost 50 basis points, ICICI Bank’s lending rate has been cut to 9.35% this rate will be effective 5th October 2015. All loans will be cheaper by at least 0.35%. Base rate is the benchmark to which all lending rates are linked. Punjab National Bank as well have reduced their interest rate by 0.25% on fixed deposits of various maturities.

      5th October 2015

    • PNB cuts interest rates on select FD maturities

      Punjab National Bank reduced the interest rates on select maturities by up to 0.50 percent. Domestic term deposits interest rates have been reduced between 0.10 percent and 0.50 percent on select maturities with effect from 10th August, 2015.

      The bank previously cut rates on fixed deposits in June, 2015. The reduction has come after a day the Reserve Bank of India didn’t change the benchmark in the monetary policy review.

      The Reserve Bank of India has kept the repo rate/ the short-term lending rate at 7.25 percent. Other policy tools like cash reserve ratio and statutory liquid ratio is not changed and stands at 4 percent and 21.5 percent respectively.

      6th August 2015

    • PNB Cuts deposit Rate by 25 Basis Points on Select Maturities

      The Punjab National bank (PNB) has announced rate cut on fixed deposits of select maturities. Rates have been cut by up to 0.25% or 25 basis points on select products. The new rates will come into effect by 26th June, according to a statement from the bank.

      The affected products include term deposits of 180 days maturity, 1-2 years maturity and 2-5 years maturity. 180 days deposits will now attract an interest rate of 7.50% from 7.75% previously, while 1-2 years maturity deposits will see interest rate reduced by 0.15%. The 2-5 years tenure term deposits will attract interest at 8%, down from 8.25% previously.

      These changes follow the recent rate cut by the Reserve bank of India (RBI), which reduced repo rate by 0.25% from 7.5% to 7.25%. The apex bank has kept the CRR or cash reserve requirement and Statutory Liquidity Ratio (SLR) unchanged at 4% and 21.5% respectively.

      The last rate cut by PNB was in April when it reduced deposit rates by 0.25%. The bank reduced its base lending rate in May by 0.25% as per market sentiments. The base rate was reduced from 10.25% to 10% following the announcement in May.

      26th June 2015

    • Punjab National Bank Cuts Interest Rates on Fixed Deposits By 0.25%

      In the wake of the latest cuts in the repo rate, announced by the RBI, Punjab National bank has also announced that it will cut the interest rates on it fixed deposits by the 8th of June, 2015. The cut will be a lowering of the rates by as much as 0.25%. After Axis Bank, PNB is the second bank to announce a cut in their FD interest rates. The cut however is not likely to affect all the deposits durations but just a few specific deposit periods. There is no doubt that with Axis Bank and PNB cutting interest rates, other banks will soon follow suit.

      05th June 2015

    • PNB Slashes Fixed Deposit Rates

      The Punjab National Bank (PNB) has announced a rate cut of 25 basis points (0.25%) on fixed deposits within 1 year to 5 years maturity tenure. The deposit rate has subsequently come down to 8.50% from 8.75% in 1-5 years slab. The new rate will become effective from 23rd April ’15.

      This move comes days after banks like the State Bank of India, Axis Bank, HDFC Bank etc. announced their own rate cuts in both deposit and lending segments. PNB is also expected to follow suit and reduce lending rates in the coming days.

      The lending rate cuts by SBI, HDFC and Axis Bank came after a tough talk by the RBI Governor Raghuram Rajan. Banks have been reluctant to pass the rate cuts extended by the RBI to their customers, citing increasing cost of funds as a major impediment in implementing lower rates. The RBI has rubbished these claims saying that banks are experiencing lower cost of funds since the repo rate cuts were announced by the apex bank this year.

      22nd April 2015

    • PNB Reshuffles Interest Rates across Various Maturities

      While most banks are responding to the excess liquidity of funds in the market with cuts in their prevalent term interest rates, state owned Punjab National Bank (PNB) is swimming against the tide. Starting from January 8, the bank has announced a hike of 0.5% on various maturities that amount to less than Rs.1 crore. For tenures between 7-14 days, the rate is hiked from the existing 4% to 4.50%. For tenures between 30-45 days and 180-270 days, the updated interest rates amount to 5% and 7.75%, a boost of 0.5% and 0.25% respectively. However, not all maturities will witness an upswing. Tenures from 271 days to less than 1 year will now command a rate of 7.75%, a cut of 0.25%, while a similar reduction applies to fixed deposits ranging from 1-3 years and 5-10 years. Also, changes were announced for maturities that amount from Rs.1 crore to Rs.10 crore. Term deposits with tenures of 91-179 days and 180-270 days will now account for rates of 7.50% and 7.75% respectively, a cut of 0.5% in each case. Finally, term deposits that range from 271 days to 1 year will now account for 7.75%.

      8th January 2015

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  • Punjab National Bank Fixed Deposit 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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