Loading your search...
Punjab National Bank (PNB) offers Fixed Deposits (FDs) for interest rates lying within the range of 5.75% p.a. and 7.50% p.a. The highest PNB FD interest rate is 7.50% p.a. The FD schemes come with a tenure between 7 days and 10 years.
| Tenure | Regular FD Interest Rates (per annum) | Senior Citizen FD Rates (per annum) |
| 7 days to 45 days | 5.75% | 6.25% |
| 46 days to 90 days | 6.35% | 6.85% |
| 91 days to 179 days | 6.35% | 6.85% |
| 111 days | 6.50% | 7% |
| 180 days to 270 days | 6.35% | 6.85% |
| 222 days | 6.60% | 7.10% |
| 271 days to less than a year | 6.35% | 6.85% |
| 333 days | 6.95% | 7.45% |
| 1 year | 7% | 7.50% |
| 555 days | 6.85% | 7.35% |
| 1 year 1 day to less than 3 years | 6.75% | 7.25% |
| 3 years 1 day to 5 years | 6.25% | 6.75% |
| 5 years 1 day to 10 years | 6.25% | 6.75% |
*Above rates are for deposits under Rs. 2 crore
Note: The FD interest rates are effective as of 1 May 2019. It can change at the discretion of the bank.
Highlights of PNB FD 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 fixed deposits offer competitive interest rates that vary depending on the time period and market conditions. Prospective customers can get information on all updated FD rates for 2019 from the below table.To apply for a PNB FD, customers can use internet banking.
The rates associated with PNB short-term deposits with tenures ranging from 7 days to 1 year ranges between 5.75% p.a. and 7% p.a. The highest interest rate offered on these deposits is 7% p.a., which is offered on a tenure of 1 year.
The rate of interest applicable on medium-term PNB deposits with tenures more than 1 year and up to 5 years lies between 6.25% p.a. and 6.85% p.a. The highest FD rates of 6.85% p.a. is available on a tenure of 555 days.
The interest rates offered on long-term PNB deposits stands at 6.25% p.a. The tenure on long-term FD starts above 5 years and up to to 10 years.
The rates associated with PNB deposits for senior citizens is set 0.50% higher than the regular FD rates. While the rates on long-term deposits is set at 6.75% p.a., the highest rates offered on short-term and medium-term deposits is 7.50% p.a. and 7.35% p.a. respectively.
| Tenure bracket | Interest rate p.a. (General Public & Senior Citizens) |
|---|---|
|
7 days to 14 days |
6% |
|
15 days to 29 days |
6.25% |
|
30 days to 45 days |
6.25% |
|
46 days to 90 days |
6.55% |
|
91 days to 179 days |
6.50% |
|
111 days |
6.50% |
|
180 days to 270 days |
6.50% |
|
222 days |
6.60% |
|
271 days to less than a year |
6.50% |
|
333 days |
6.95% |
|
1 year |
7% |
|
555 days |
6.85% |
|
1 year 1 day to less than 3 years |
6.50% |
|
3 years 1 day to 5 years |
6.25% |
|
5 years 1 day to 10 years |
Note: The FD interest rates are effective as of 1 May 2019. It can change at the discretion of the bank.
| Depositors | Tenure bracket | Interest rate (p.a) |
|---|---|---|
|
General Public |
5 years 5 years 1 day to 10 years |
6.25% |
|
Senior Citizens |
6.75% |
|
|
Staff member |
7.25% |
|
|
Retired Staff member |
7.25% |
Note: The FD interest rates are effective 1 May 2019. It can change at the discretion of the bank.
| Tenure bracket | Interest rate (p.a.) |
|---|---|
|
91 days to 179 days |
6.40% |
|
111 days |
6.55% |
|
180 days to 270 days |
6.40% |
|
222 days |
6.65% |
|
271 days to less than 1 year |
6.40% |
|
333 days |
7% |
|
12 months |
7.10% |
|
555 days |
7% |
|
1 year 1 day to 3 years |
6.80% |
|
3 years 1 day to 5 years |
6.30% |
|
5 years 1 day to 10 years |
6.30% |
Note: The FD interest rates are effective as of 1 May 2019. It can change at the discretion of the bank.
| Tenure bracket | Interest rate (p.a.) |
|---|---|
|
91 days to 179 days |
6.55% |
|
111 days |
|
|
180 days to 270 days |
|
|
222 days |
6.65% |
|
271 days to less than 1 year |
6.55% |
|
333 days |
7% |
|
12 months |
7.10% |
|
555 days |
7% |
|
1 year 1 day to 3 years |
6.55% |
|
3 years 1 day to 5 years |
6.30% |
|
5 years 1 day to 10 years |
Note: The FD interest rates are effective as of 1 May 2019. It can change at the discretion of the bank.
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: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.1,15,899. The total interest earned out of the term deposit scheme will be Rs.15,899.
| Eligibility to Open an FD |
|
| Documents Required |
|
| Â Benefits of a PNB FD |
|
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.
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.
The following will be the consequences:
The interest will be directly credited to the customer’s perspective savings bank account.
Yes.
To Know More Visit : How to Link PAN Card to PNB Account To Know More Visit : How to link Aadhar Card with Punjab National Bank Account
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar’s partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
On Monday, Punjab National Bank (PNB) revised the fixed deposit interest rates on select maturities. The bank lowered the interest rate for tenures that range between 7 to 14 days and 15 to 29 days. The revised interest rates for the mentioned tenures is 5.5% for general citizens. Senior citizens are offered an additional interest of 0.50% on the maturities. Earlier, the bank was offering 5.75% on the tenures. The lender also revised the rates for the one-year tenure and is offering 7%.
For deposits having maturity term of more than one year and up to 3 years, the bank is offering 6.75%. And for tenures ranging between more than 3 years and 10 years, interest of 6.25% is being provided. Citizens who are above the age of 60 years can avail 7.25% and 6.75% respectively for investing in the mentioned tenures. The revised shall be applicable from today (July 1) itself.
It needs to be mentioned here that in the middle of the previous month i.e., June, banks like ICICI bank, Axis bank and HDFC bank cut the FD interest rates on select maturities.
2 July 2019
Punjab National bank, one of the public-sector banks of the country has revised the fixed deposit interest rates on select maturities. The revised rates have come into effect from May 1.
The bank has informed that the interest rate on deposits for a period of 333 days has been lowered while for the one-year tenure the rates have been increased. Going forward, the bank will offer an interest of 6.95% p.a. to the general public and 7.45% p.a. to senior citizens on FDs opened for a period of 333 days. For FDs having one-year maturity, the lender is providing 7% p.a. to the general public and 7.5% p.a. to senior citizens.
The bank offers an interest rate in the range of 5.75% p.a. to 6.95% p.a. to the general public for all maturities. Senior citizens are offered interest in the range of 6.25% p.a. to 7.45% p.a.
It is noteworthy to mention here that fixed deposits having a lock-in period of five or 10 years offer income tax benefits under Section 80C of the Income Tax Act, 1961.
08 May 2019
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
