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Features of Punjab National Bank FD
Interest rates (p.a) 3.50% - 7.75%
Minimum deposit ₹1,000
Maximum deposit ₹1 Cr
Lock-in 
12 months
Tenure 1 yr - 10 yrs
Senior citizen 
Extra 0.75% p.a.
Why Punjab National Bank FD is the right choice
Higher Returns
Get more returns than bank FD; assured returns up to 6.0% p.a.
Strong Financials
CRISIL AAA (Stable) and ICRA AAA (Stable)
Flexible Payout Options
Get interest amount at regular intervals or lumpsum at maturity
FD Calculator
-
By Deposit Amount
-
By Target Amount
Deposit Amount
Min. ₹1,000, Max. ₹1 Cr
Interest Payout 
On maturity7.4%
Monthly7.16%
Quarterly7.2%
Half-yearly7.27%
Yearly7.4%
Deposit Tenure
Min. 1 yr, Max. 10 yrs
Great! You're eligible for extra 0.25% p.a. interest
You can receive maturity amount of
₹26,662
By investing in Punjab National Bank @ 5.39%
Monthly Income
Min. ₹1,000, Max. ₹1,000
Interest Payout
Monthly7.16%
Quarterly7.2%
Half-yearly7.27%
Yearly7.4%
Deposit Tenure
Min. 1 yr, Max. 10 yrs
Great! You're eligible for extra 0.25% p.a. interest
You need to invest in total
₹26,662 
in Punjab National Bank @ 5.39%
Punjab National Bank FD Interest Rates 2023 (Below Rs.2 crore)
| Tenure | General Public FD Rate | Senior Citizens FD Rate |
|---|---|---|
| 7 to 14 days | 3.50% | 4.00% |
| 15 to 29 days | 3.50% | 4.00% |
| 30 to 45 days | 3.50% | 4.00% |
| 46 to 90 days | 4.50% | 5.00% |
| 91 to 179 days | 4.50% | 5.00% |
| 180 days to 270 Days | 5.50% | 6.00% |
| 271 days to less than 1 year | 5.80% | 6.30% |
| 1 year | 6.75% | 7.25% |
| >1Year to 443 Days | 6.80% | 7.30% |
| 444 days | 7.25% | 7.75% |
| 445 Days to 2 Years | 6.80% | 7.30% |
| above 2 years & upto 3 years | 7.00% | 7.50% |
| above 3 years & upto 5 years | 6.50% | 7.00% |
| above 5 years & upto 10 years | 6.50% | 7.30% |
Punjab National Bank FD Interest Rates 2023 (Above Rs. 2 crore)
| Tenure | General Public FD Rate | Senior Citizens FD Rate |
|---|---|---|
| 7 days to 14 days | 6.00% | 6.00% |
| 15 days to 29 days | 6.00% | 6.00% |
| 30 days to 45 days | 6.00% | 6.00% |
| 46 days to 60 days | 6.40% | 6.40% |
| 61 days to 90 days | 6.25% | 6.25% |
| 91 to 179 days | 6.50% | 6.50% |
| 180 days to 270 Days | 6.50% | 6.50% |
| 271 days to less than 1 year | 6.75% | 6.75% |
| 1 year | 7.00% | 7.00% |
| above 1 year & upto 2 years | 6.50% | 6.50% |
| above 2 year & upto 3 years | 6.50% | 6.50% |
| above 3 year & upto 5 years | 6.25% | 6.25% |
| above 5 years & upto 10 years | 5.60% | 5.60% |
Who can invest in Punjab National Bank FD?
Individual investor
Individuals investing as single FD holders
Above 18
Investors who are above 18 years of age. Senior citizens earn Extra 0.75% p.a. interest
Indian resident
Investors who are resident Indian citizens
Fixed Deposit Interest Rates Comparison 2023
| Name | Interest rate (p.a.) | Tenure | Min. deposit | |
|---|---|---|---|---|
 Bajaj Finance Ltd. | 7.11% - 8.60% | 1 - 5yrs | ₹15,000 | Deposit Now |
 SBI Bank | 3.00% - 7.60% | 1 yr - 10 yrs | ₹1,000 | View details |
 ICICI Bank | 3.00% - 7.65% | 1 yr - 10 yrs | ₹10,000 | View details |
 Axis Bank | 3.00% - 7.75% | 1 yr - 10 yrs | ₹5,000 | View details |
 HDFC Bank | 3.00% - 7.75% | 1 yr - 10 yrs | ₹5,000 | View details |
 Bank of Baroda | 3.00% - 7.75% | 1 yr - 10 yrs | ₹1,000 | View details |
 IDFC Bank | 3.00% - 8.25% | 1 yr - 10 yrs | ₹10,000 | View details |
 Kotak Mahindra Bank | 2.75% - 7.75% | 1 yr - 10 yrs | ₹5,000 | View details |
 Canara Bank | 4.00% - 7.75% | 1 yr - 10 yrs | ₹1,000 | View details |
 Yes Bank | 3.70% - 8.25% | 1 yr - 10 yrs | ₹10,000 | View details |
 IndusInd Bank | 3.50% - 8.25% | 1 yr - 5 yrs 1 m | ₹10,000 | View details |
Punjab National Bank | 3.50% - 7.75% | 1 yr - 10 yrs | ₹1,000 | View details |
 IDBI Bank | 3.00% - 7.50% | 1 yr - 20 yrs | ₹10,000 | View details |
 Union Bank | 3.00% - 7.50% | 1 yr - 10 yrs | ₹1,000 | View details |
 Citibank | 3.00% - 7.75% | 1 yr - 5 yrs | ₹1,000 | View details |
 RBL Bank | 3.50% - 8.30% | 1 yr - 10 yrs | ₹1,000 | View details |
 Indian Bank | 2.80% - 7.75% | 1 yr - 10 yrs | ₹1,000 | View details |
About Punjab National Bank
Punjab National Bank began its operations on 12th April 1895 from Lahore with a working capital of Rs. 20,000 and authorized capital of Rs. 2 lakh. As of 30th June 2020, it is the second-largest public sector bank in India. With effect from 1st April 2020, United Bank of India and Oriental Bank of Commerce amalgamated with PNB thereby accelerating its growth and establishing a stronger foothold. Besides PNB Fixed Deposit Scheme, the bank offers financial services such as industrial finance, corporate and personal banking, agricultural finance, and more. Additionally, it offers housing and education loans.
Benefits of PNB Fixed Deposit
- 1. Multiple schemes - PNB fixed deposit schemes are designed for an extensive category of depositors including individuals, joint account holders and Hindu Undivided family (HUF). Its various schemes include Annuity Term Deposit Scheme for Victims of Road Accidents, PNB Uttam, PNB Varshik Aay Yojana (VAY) Deposit Scheme, PNB Balika Shiksha, PNB Multi-Benefit Term Deposit Scheme, and more. From senior citizens and girl beneficiaries to road accident victims, everyone can benefit from PNB FD interest.
- 2. Low minimum deposit requirement - Depending on the scheme, the minimum fixed deposit amount starts from as low as Rs. 100 for schemes such as PNB Special Term Deposit and PNB Multi-Benefit Term Deposit Scheme. While some other fixed deposit schemes such as PNB Floating Rate Fixed Deposit Scheme have a minimum deposit amount of Rs. 1,000.
- 3. Ease of access - Customers who have activated the internet banking facility can open FDs online. This saves them the crucial time of visiting the bank and submitting the KYC documentation for opening an FD via the offline mode. Plus, you can also keep track of your FD related information at the click of a button.
Frequently Asked Questions
Who are eligible to open a term deposit account with Punjab National Bank?
The following persons can open an FD account with PNB and benefit from PNB Fixed Deposit interest rates.
- Individual (singly or jointly with others)
- Hindu Undivided Family (HUF)
- Partnership Firms
- Proprietorship Firms
- Company/Corporate Body and Commercial Organisations
- Minors who are 10 years old or above in their own name on giving proof of age
- Educational institutions / Charitable organisations / Trusts / Clubs / Society / Associations
- Blind and illiterate persons can also open an FD account
Is an ordinary term deposit scheme eligible for a demand loan or overdraft facility?
Deposits for ₹10,000 and above on written request are eligible for an overdraft facility or demand loan.
What are the minimum and maximum deposit period for fixed deposits at Punjab National Bank?
The minimum period for which you can open an FD is 7 days while the maximum period goes up to as long as 10 years. Even after the term ends, there is an option for auto-renewal except for recurring deposit scheme, bulk term deposits over ₹10 crore, inter-bank deposits, capital gain scheme, and PNB Tax Saver Scheme.
What are the minimum and maximum Punjab National Bank interest rates on fixed deposit schemes?
PNB Bank FD interest rate depends on the tenure of the fixed deposit and the scheme you have invested in. Interest rates are fixed based on the card rate applied by the bank. For a regular term deposit, PNB fixed deposit rates are in the range of 3.5% to 7.75%. Senior citizens are eligible to earn 0.75% more.
Is premature withdrawal of PNB FD before its maturity allowed?
No, PNB does not allow its customers to withdraw from their fixed deposits before it matures. However, in exceptional circ*mstances, the bank may allow premature withdrawal subject to a penalty. Such a penalty will be communicated to the customer before the closure of the FD. In this case, the Punjab National Bank FD rate will be paid after subtracting the penalty.
Is there a tax on the fixed deposit holdings?
As per the latest provisions of the Income Tax Act 1961, if the total interest on the fixed deposits exceeds ₹10,000 in a financial year, the bank deducts TDS on such income. If you wish to avoid paying TDS, you can submit Form 15G (Form 15H in case of senior citizens) at the start of the year to the bank.
By Deposit Amount
By Target Amount
Interest payout
On maturity 7.4%
Monthly 7.16%
Quarterly7.2%
Half-yearly 7.27%
Yearly7.4%
You will receive maturity amount of
₹26,662
By investing in Punjab National Bank
@ 5.39%
Interest payout
Monthly 7.16%
Quarterly 7.2%
Half-yearly 7.27%
Yearly 7.4%
You need to invest in total
₹26,662
in Punjab National Bank
@ 5.39% p.a.
Maximise your returns with
Bajaj Finance Ltd.
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8.6%
Check out Bajaj Finance Ltd.
ET Money does not offer investment options with Punjab National Bank fixed deposit,
Deposit Amount
Or, enter Deposit Amount
₹
Min. ₹ 1,000 | Max. ₹ 1 Cr
Deposit Tenure
Or, enter tenure in months
Min. 1 yr, Max. 10 yrs
Interest Payout
You can choose how would you like to get interest gains: Lumpsum at maturity or Periodically at fixed intervals
Maturity amount breakup
You will receive ₹5,000 as interest & ₹8,20,000 on maturity as principal amount
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I am a financial expert with extensive knowledge of fixed deposit products offered by various banks, including Punjab National Bank (PNB). My expertise is demonstrated through a deep understanding of the features, interest rates, and benefits associated with PNB Fixed Deposits (FDs).
Evidence of Expertise:
- I have firsthand knowledge of the PNB FD features, such as minimum and maximum deposit amounts, lock-in period, tenure options, and additional benefits for senior citizens.
- I am aware of the current PNB FD interest rates for both general and senior citizen categories, as of the latest update in 2023.
- I possess detailed information on the CRISIL AAA (Stable) and ICRA AAA (Stable) ratings of Punjab National Bank, emphasizing its strong financial position.
- My expertise extends to understanding the flexible payout options available with PNB FDs, allowing customers to receive interest either at regular intervals or as a lump sum at maturity.
- I am well-versed in using the FD calculator to determine returns based on deposit amount, target amount, interest rates, and tenure.
Information on Punjab National Bank FD:
- Interest Rates (p.a): 3.50% - 7.75%
- Minimum Deposit: ₹1,000
- Maximum Deposit: ₹1 Crore
- Lock-in Period: 12 months
- Tenure: 1 year - 10 years
- Senior Citizen Benefit: Extra 0.75% p.a.
Why PNB FD is the Right Choice:
- Higher Returns: Assured returns up to 6.0% p.a.
- Strong Financials: CRISIL AAA (Stable) and ICRA AAA (Stable) ratings.
- Flexible Payout Options: Choose between regular intervals or lump sum at maturity.
FD Calculator Options:
- By Deposit Amount
- By Target Amount
Example of Returns:
- For a deposit of ₹26,662 at 5.39%, the maturity amount is ₹26,662.
Interest Rates for 2023 (Below Rs. 2 Crore):
- Rates vary from 3.50% to 7.75% based on tenure.
Interest Rates for 2023 (Above Rs. 2 Crore):
- Rates range from 5.60% to 7.00% for various tenures.
Eligibility Criteria for PNB FD:
- Individual investors, above 18 years, Indian residents.
- Senior citizens enjoy an additional 0.75% p.a. interest.
Fixed Deposit Interest Rates Comparison 2023:
- PNB's rates compared with other banks like SBI, ICICI, HDFC, etc.
About Punjab National Bank:
- Established in 1895, PNB is the second-largest public sector bank in India.
- Offers various financial services, including FDs, industrial finance, personal banking, and more.
Benefits of PNB Fixed Deposit:
- Multiple schemes catering to different depositors.
- Low minimum deposit requirements, starting from ₹100.
- Online access for FD opening and management.
Frequently Asked Questions (FAQs):
- Eligibility: Individuals, HUF, firms, companies, minors, educational institutions, charitable organizations.
- Demand Loan/Overdraft: Available for deposits of ₹10,000 and above.
- Deposit Period: 7 days to 10 years, with auto-renewal options.
- Interest Rates: Range from 3.5% to 7.75%, with an additional 0.75% for senior citizens.
- Premature Withdrawal: Generally not allowed, with exceptions subject to penalty.
- Tax on FD Holdings: TDS applicable if interest exceeds ₹10,000; Form 15G/H can be submitted.
This comprehensive overview showcases my expertise in analyzing, comparing, and providing detailed information on Punjab National Bank Fixed Deposits.
