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  • PNB Recurring Deposit Interest Rates - June 2017

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    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    PeriodROI (% p.a.)ROI for Senior Citizen (% p.a.)
    180 days to 270 Days6.256.75
    271 days to less than 1 year6.256.75
    1 year6.907.40
    above 1 year & upto 2 years6.807.30
    above 2 year & upto 5 years6.807.30
    above 5 years & upto 10 years6.707.20

    Get the Highest Interest Rates on Punjab National Bank Recurring Deposit

    Punjab National Bank offers Recurring Deposit for a duration of minimum 6 months to a maximum period of 5 years and a deposit term can be chosen in multiples of 3 months. This recurring deposit scheme offers great benefits including income tax benefits, since Tax Deductible at Source (TDS) is not applicable. Individuals as well as partnership firms, proprietorship, corporations, Hindu Undivided Families (HUFs), clubs, associations, societies, Religious/Educational/Charitable institutions, etc. can open a RD in Punjab National Bank. Interest on the amount deposited is compounded on a half-yearly basis.

    PNB Short-term RD Interest Rates

    Punjab National Bank offers customers the option of holding a recurring deposit with the bank for a short-term, beginning at a minimum period of 6 months and lasting up to less than a year, as long as the deposit tenure chosen is in multiples of 3 months. For this duration, the interest rate offered on a RD with funds below Rs. 1 Crore is 6.90%.

    Punjab National Bank Medium and Long Term RD Interest Rates

    Punjab National Bank offers customers the option of holding a recurring deposit with the bank for a medium-term, beginning at above 1 year to 2 years for an interest rate of 6.80% and for a period more than 2 years up to 5 years the interest rate offered is 6.80%. For a longer duration of deposit term ranging from more than 5 years to a maximum period of 10 years, the interest rate offered on a RD (below Rs. 1 Crore) is 6.70%.

    Punjab National Bank Senior Citizen RD Rates

    The Senior citizens as well as the bank’s employees and retired employees who are senior citizens can avail a 0.50% additional interest rate on the recurring deposit offered by Punjab National Bank, over the applicable regular interest rates.

    Punjab National Bank Special Recurring Deposit

    PNB Lakhpati Recurring Deposit Scheme is another unique recurring deposit scheme offered by Punjab National Bank. Period of holding RD can range anywhere between 24, 36, 48 & 60 months. The interest rate offered on this recurring deposit scheme is 9.00%. This scheme permits customers the unique opportunity of reinvesting the amount accumulated at maturity, in the FD scheme. You can also get loan or overdraft facility under this scheme.

    More you need to know about Recurring Deposit

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    News About Punjab National Bank Recurring Deposit

    • PNB Revises Rates for Recurring Deposits

      Recurring Deposit rates offered by PNB were revised recently. At present, for a tenure of 180 days to 270 days and 271 days to less than a year, the rate of interest on PNB recurring deposits stand at 6.50%. Senior citizens can avail an interest rate of 7% for the same tenures. For tenures of 1 year, above 1 year to 2 years and above 2 years to 5 years, the RD rate stands at 6.80%. The senior citizens can avail an interest rate of 7.40% for a tenure of 1 years. In case of tenures above 1 year to 2 years and above 2 years to 5 years, the interest rate that can be availed by the senior citizens with PNB recurring deposits is 7.30%. The recurring deposit interest rate for above 5 years to 10 years remains unchanged for both regular citizens and senior citizens.

      4th May 2017

    • PNB Revises Their Recurring Deposit Interest Rates

      Punjab National Bank offers Recurring Deposit Schemes with great benefits. The duration of RDs offered by PNB starts from 6 months and can go up to 5 years, thereafter deposit terms can be chosen in multiple of 3 months. As per the revised interest rates, tenures ranging from 1 year to 2 years will now attract an interest rate of 7.30% per annum for general citizens and 7.80% p.a for senior citizens, which was 7.50% p.a and 8% per annum previously. For tenures above 2 years and up to 5 years, the interest rate is lowered from earlier 7.25% p.a to 7.20% for general account holders and from 7.75% to 7.70% p.a.

      1st July 2016

    • Revised Punjab National Bank Recurring Deposit Rates

      Punjab National Bank (PNB) has recently updated the interest rates offered by it for Recurring Deposit (RD) accounts with holdings of less than Rupees 1 Crore. The updated rates are as follows:

      Tenure of 6 months to less than a year: Rate remains constant at 7.00% p.a. Rate for senior citizens also remains constant at 7.5% p.a.

      Tenure from 1 year to 2 years : Lowered from earlier 7.75% p.a to 7.50% p.a. For senior citizens, rate lowered from 8.25% p.a to 8.00% p.a.

      Tenure in excess of 2 years and upto 5 years : Lowered from earlier 7.50% p.a to 7.25% p.a. For senior citizens, rate lowered from 8.00% p.a to 7.75% p.a.

      Tenure in excess of 5 years and upto 10 years : Remains constant at 7.25% p.a. For senior citizens, rate remains constant at 7.75% p.a.

      22nd April 2016

    Recurring Deposit - Sitemap

    PNB RD Rates Reviews

  • Page 1 of 1
    • Punjab National Bank Recurring Deposit
      "Satisfactory Service"
      PUNJAB NATIONAL BANK
      0.5 5.0/5 "Blown Away!"
      I had opened Recurring Deposit with Punjab National Bank. The loan amount is thirty five thousand and the tenure period is for one year. Every month I regularly depositing the money on a monthly basis. The customer service is quite satisfactory and there is no constrains with the bank on my FD. I am very much satisfied with PNB.
      Was this review helpful? 6
      , indore
      Reviewed on May 04, 2017
    • Punjab National Bank Recurring Deposit
      "Easy process"
      PUNJAB NATIONAL BANK
      0.5 4.0/5 "Great!"
      When I opened my recurring deposit for the first time with PNB, I had to visit the bank and complete my process. It was simple and easy and the rate of interest is good. After which I been doing it online and there are no charges related to this account.
      Was this review helpful? 11
      , new delhi
      Reviewed on Dec 15, 2016
    • Punjab National Bank Recurring Deposit
      "Very Helpful Staff"
      PUNJAB NATIONAL BANK
      0.5 4.0/5 "Great!"
      I hold saving account with Punjab National Bank. These days too much crowd in banks . But PNB staff was very helpfully . Very fast process . Thanks all guys. Specially thanks Ms Komal meena and Branch Manager. Today the branch was very much crowded but it was okay.
      Was this review helpful? 6
      , jaipur
      Reviewed on Nov 22, 2016
    • Punjab National Bank Recurring Deposit
      "Good rates. "
      PUNJAB NATIONAL BANK
      0.5 5.0/5 "Blown Away!"
      Punjab national bank is providing good recurring deposit installments. It is the flexi RD I have taken through them. The interest rate is very good and I maintained it for a year and at present I closed. Returns are too good and PNB is the best bank one could open their RD.
      Was this review helpful? 10
      , panipat
      Reviewed on Jun 11, 2016
    • Punjab National Bank Recurring Deposit
      "best rate offered "
      PUNJAB NATIONAL BANK
      0.5 5.0/5 "Blown Away!"
      Fair service was rendered by PNB related to the recurring deposit services.They are good in interest rates applied related to the recurring deposit.In case of online upgrades made to the customer I am very comfortable in punjab national services provided.
      Was this review helpful? 6
      , patna
      Reviewed on May 23, 2016
    • Punjab National Bank Recurring Deposit
      "Very good"
      PUNJAB NATIONAL BANK
      0.5 5.0/5 "Blown Away!"
      On the recurring despot PNB is giving 7.5% interest for the minimum lock in period of 6 months. We need to pay any extra charges. The minimum amount to activate the plan is Rs.100. There is no penalty if we withdraw the amount any time.
      Was this review helpful? 2
      , faridabad
      Reviewed on Mar 18, 2016
    • Punjab National Bank Recurring Deposit
      "Good to a certain extent"
      PUNJAB NATIONAL BANK
      0.5 5.0/5 "Blown Away!"
      PNB RD is some what good. However the interest rate keeps fluctuating every now and then. I have opted for a lower interest rate its varies from year to year. I dont have much idea about tit the reason why I had opened this is because tis close to my premises so I had invested here.
      Was this review helpful? 3
      , dehradun
      Reviewed on Nov 11, 2015
    • Punjab National Bank Recurring Deposit
      "Awesome..."
      PUNJAB NATIONAL BANK
      0.5 5.0/5 "Blown Away!"
      I guess the interest rate in Punjab National bank is around 9% for recurring deposit and I availed it for the period of 5 years. Some of my friends suggested to open RD from this bank. The deposit was opened in a short time when I visited their branch. Next to my application, I got the bond copies in four days.
      Was this review helpful? 4
      , jamshedpur
      Reviewed on Sep 29, 2015
    • Punjab National Bank Recurring Deposit
      "Fantastic"
      PUNJAB NATIONAL BANK
      0.5 5.0/5 "Blown Away!"
      Since I am holding my savings account with PNB I opened a Recurring Deposit account in the year 2011. Basically the amount will be deducted directly from my account. There is no certain fees and charges to open this account with them. I never faced any issues with the bank so far.
      Was this review helpful? 2
      , ghaziabad
      Reviewed on Sep 14, 2015
    • Punjab National Bank Recurring Deposit
      "High rate for RD...."
      PUNJAB NATIONAL BANK
      0.5 3.0/5 "Satisfactory"
      Branches are wide in cities so it is easy to deal and interest rate for recurring deposit is 9.25% as I opened this five year ago. Absolutely the interest rate is compounding type and it gets accumulate in interval of three months. Punjab National bank need to improve on customer relationship as they lacks there.
      Was this review helpful? 3
      , panipat
      Reviewed on Aug 07, 2015
    • Punjab National Bank Recurring Deposit
      "Good..."
      PUNJAB NATIONAL BANK
      0.5 4.0/5 "Great!"
      I have linked my salary account with this recurring deposit so every month the Punjab National Bank is taking the amount directly. I have no idea about interest rate but it is similar to other banks. So far I never tried calling the customer service as for everything I visit the branch and they are very good in servicing. Normally I put RD for one year and I convert that in to FD in the same bank.
      Was this review helpful? 1
      , chennai
      Reviewed on Aug 06, 2015
    • Punjab National Bank Recurring Deposit
      "Very good"
      PUNJAB NATIONAL BANK
      0.5 4.0/5 "Great!"
      I have an Recurring deposit plan from Punjab national bank for the tenure of 5 years for which the interest rate offered is nearly 9%. In case if we extend the tenure the interest rate will also be increased. We can also break the plan in between the tenure period there will be no any extra charges and we can complete our process of the RD through online itself.The only thing is that the response from the bank is not so good.
      Was this review helpful? 2
      , satna
      Reviewed on Jul 22, 2015
    • Punjab National Bank Recurring Deposit
      "One should hold RD with PNB"
      PUNJAB NATIONAL BANK
      0.5 4.0/5 "Great!"
      Highly secured and its utmost satisfaction. PNB customer service is the best, interest rate offered them is good and it provides excellent benefits. This Recurring deposit was taken because of my father as he was working there . He recommend this one and the funds get transferred from my savings account automatically. To conclude one should hold RD with PNB.
      Was this review helpful? 4
      , pune
      Reviewed on Nov 15, 2014
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