Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
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    Overview of 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
    6.6% - 6.8% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4.25% - 7.3% 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

    Overview of Punjab National Bank Fixed Deposit is Rated as "Excellent!" by 39 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    PNB Fixed Deposits

    Punjab National Bank (PNB), a leading public sector bank, offers fixed deposits with attractive rates and different tenures.

    PNBs fixed deposits were designed keeping in mind the different needs of an individual at different stages of life. PNB FDs offer many facilities like choices between simple and compound interest, flexible durations, low deposit amounts and even auto-renewal facilities.

    What are the eligibility requirements to apply for a PNB fixed deposit?

    Any individual, organisation, private company, club, HUF or society can open these Fixed or Term Deposit accounts. Some deposits schemes are open for NRIs too.

    What are the various fixed deposit schemes offered by Punjab National Bank (PNB)?

    • FD scheme for road accident victims: This scheme is for beneficiaries of motor insurance claims. Any individual/dependent (singly or jointly with others), minors aged 10 years and above in his own name and below 10 years under guardianship, is eligible to open an account under this scheme provided there are Court orders in support of the claim in his/their names.

    • PNB Special Term Deposit scheme: Minimum 1 year to 10 years even for incomplete quarters.

    • PNB Sugam Fixed Deposits: FDs from ₹ 10,000/- to ₹ 10 crores for as briefly as 46 days. No penalty on premature part/full withdrawal.

    • PNB Varshik Aay Yojna: FDs from ₹ 10,000 to ₹ 99.99 lacs from 24 months to maximum period of 120 months

    • PNB Anupam Term Deposit Scheme: Has inbuilt overdraft facility, deposits from ₹ 10,000 to ₹ 99,99,000/-

    • PNB Balika Shiksha: A sum of ₹ 3,000 will be deposited in the name of girls passing class VIII from Kasturba Gandhi Girls High Schools and SC/ST girls who pass class VIII and enrol for class IX in state/UT government aided or local body schools in the academic year 2008-2009 onwards.

    • Capital Gain Account: Individuals can open this account for crediting amount from capital gain. Joint accounts cannot be opened under this.

    • PNB Dugna Fixed Deposit: FDs can be opened for a period up to 99 months with a minimum amount of ₹ 5,000 and multiples of Re 1/- and Rs 1 crore per day. Under the scheme, Non-resident Indians can open NRO accounts.

    • PNB multi-benefit Deposit Scheme: From ₹ 100 to ₹ 99.99 lakhs can be deposited with multiple benefits

    • PNB Sakhsam: Minimum ₹ 25,000/- and thereafter in multiple of Re.1/- subject to maximum of ₹ 10 Crores. Senior citizens earn 0.50 % interest extra. Depositors can avail regular monthly pay out consisting of interest plus part of principal.

    What is the minimum / maximum amount required to open a fixed deposit account at PNB?

    Term Deposits like Balika Shiksha can be opened at nil balance. Usually the upper limit is ₹ 10 crores for most fixed deposits.

    What is the minimum / maximum deposit period for FD accounts at PNB?

    Term Deposits can be opened from as briefly as 7 days to as long as 10 years. There is the option of auto-renewals at the end of term too.

    How can a fixed deposit account be opened at PNB (Online or Offline)?

    Any Indian above 10 years old can walk into any branch of PNB and open an account by providing KYC details. For minors below 10 years, parents consent/signature is required.

    E-FD: Available to internet banking customers with a PAN card. They can open FDs online.

    What are the minimum / maximum returns on PNBs Fds?

    Interest rates for fixed deposits depend on the card rate applied by PNB. However, there are deposit schemes like Lakhpati where the interest rate hovers around 9 percent. Senior citizens are eligible to earn 0.50 percent more.

    Does Punjab National Bank offer Tax Saver Fixed Deposit schemes?

    Yes, the PNB Tax Saver Term Deposit At least Rs 100/- or in multiples thereof, subject to a maximum of ₹ 1.50 lakhs per financial year. Deposits cannot be withdrawn before 5 years.

    Are fixed deposit holdings taxable?

    Currently as per Income Tax Act, if the total interest on deposits, per depositor, per financial year, per branch is more than ₹ 10,000/-, the bank deducts tax at source (TDS). Form No.15 H/15G has to be furnished by depositors, preferably at the start of the financial year to receive interest on deposits without deduction of tax.

    What are the key features of PNB Fixed Deposits?

    Auto-renewal: If the depositor opts for auto-renewal, his/her term deposits will be automatically renewed after maturity except for term deposits under the Recurring Deposit Scheme, Capital Gain Scheme, PNB Tax Saver Scheme, Bulk Term Deposits (above ₹ 10 Crore) and Inter-Bank Deposits.

    Inclusion of blind and illiterate persons: PNB allows blind and illiterate persons to open a fixed deposit account.

    Inclusions of all sections of society: Right from High School girls to beneficiaries of road accident insurance claims, PNB FDs are designed to serve every category of depositors.

    Are loans provided against FDs held with Punjab National Bank?

    Generally PNB allows overdrafts/loans against deposits except on Certificates of Deposit (CD). Such loans are sanctioned by charging interest as per RBI bank rate or as prescribed by the Bank.

    Do senior citizens get better rates on fixed deposits at PNB?

    Prospective Senior Citizen Deposit Scheme:This is a scheme for persons aged 55 years and above and up to 60 years. Minimum deposit is ₹ 100/- and in multiples of ₹ 1/- thereafter. The maximum amount permitted under the scheme is ₹ 99, 99,999/-. Extra interest rate as applicable on attaining senior citizenship.

    Can NRIs open a fixed deposit account with Punjab National Bank?

    Yes, NRIs can open fixed deposit account with Punjab National Bank. The account can be opened in STG Pound, US Dollars and EURO. Minimum balance required is GBP1000, USD1000 and EURO1000. The interest rates for deposits less than Rs.1 crore is:

    1 year- 8.25%

    Above 1 year to 2 years- 8.25%

    Above 2 years to 5 years- 8.25%

    Above 5 years to 10 years- 8%

    The interest rates for deposits between Rs.1 crore to Rs.10 crores is:

    1 year- 8.25%

    Above 1 year to 2 years- 8.50%

    Above 2 years to 5 years- 8 %

    Above 5 years to 10 years- 8%

    The senior citizens will bet an additional 0.5% interest per annum.

    Can I withdraw my fixed deposit amount before its maturity?

    PNB does not allow premature withdrawals. But in exceptional cases it is allowed but a certain penalty will be charged at the time of withdrawal. The penalty will be communicated with the customer prior to the closure. In case of premature closure, the interest applicable will be payable less the penalty. The interest payable is the rate at which the fixed deposit was decided upon at the time of deposit.

    News About Punjab National Bank Fixed Deposit

    • PNB hints at credit growth in the 10-12% range

      Usha Ananthasubramanian, the MD and CEO of Punjab National Bank hinted at the possibility of the bank witnessing a 10-12% credit growth in the current fiscal, up from the growth of 6.7% in September 2015. Miss Ananthasubramanian also stated that there is no immediate possibility of an interest rate cut and that PNB is keen to reduce its net NPAs from 3.9%. She also mentioned that PNB is adopting the ARC route to improve performance and cleaning up their books. With regards to deposits, she stated that term deposits of different tenors account for 65% of their overall numbers, with PNB committing to an interest rate for the full tenor.

      13th December 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? 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? 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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