Pnb Fixed Deposit Interest Rate

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Pnb Fixed Deposit Interest Rates In India
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Punjab National Bank (PNB) is a nationalized bank and one of the largest public sector banks in India. The bank offers a wide range of fixed deposit schemes for regular depositors as well as for the senior citizens. Fixed deposit is a popular investment option in the country, and PNB offers many schemes to maximize its customers profit. The bank offers competitive interest rates on all FDs with the added benefit for senior citizens allowing them to avail special PNB FD Interest Rates on all types of deposits.

#1 PNB Short Term FD Rates You need to know that the rate of interest you’ll be getting for choosing short term deposits are something near about 4.50% to 6.60% P/A. It is for 7 Days to 1 Year Tenure. #2 PNB Medium Term FD Rates. Punjab National Bank’s medium and long term fixed deposit tenures ranges from one year and up to five years for which the rates vary from 6.7% to 6.9% per annum. For the holding period of one year, the returns can be pegged at 6.9% per annum. 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. An account that issues certificate of deposit. Longer term, higher interest rates. Withdrawable at maturity date with no penalty. Inquire at PNB branches today.

PNB allows investment as low as Rs. 10,000 to Rs. 99,99,000 for tenures ranging from 7 days to 10 years. The PNB FD Eligibility criteria states that – any individual, organization, club, a private company, HUF or society can open these fixed or term deposit accounts. Moreover, the PNB FD Eligibility criteria allow some deposit schemes for NRIs too.

PNB FD Interest Rate

The PNB bank fixed deposit rates are higher compared to a regular savings account. Fixed deposit rates in the PNB bank is competitive and are based on the tenure of the deposit. The interest rate applies only until the maturity date of the account. But, the current interest rate will not be the same as in a few years from now as they change as per the market rates. Given below is the PNB bank fixed deposit rates for different tenure.

Tenure	PNB FD Interest Rates (Annually)
7 – 14 days	5.70 Percent
15 – 29 Days	5.70 Percent
30 – 45 Days	5.70 Percent
46 – 90 Days	6.35 Percent
91 – 179 Days	6.35 Percent
180 – 270 Days	6.35 Percent
271 – 364 Days	6.35 Percent
1 Year	6.60 Percent
1 Year 1 Day – 3 Years	6.75 Percent
3 Years 1 Day – 10 Years	6.25 Percent

PNB senior citizen Fixed Deposit scheme

The PNB FD Interest Rates for regular deposit differs from that of senior citizens. PNB offers a higher interest rate as high as 7.25% for senior citizens making it a viable option of investment for them. Given below is the PNB fd rates for different tenures for senior citizens.

Tenure	PNB Senior Citizen FD Interest Rates
7 – 14 Days	6.20 Percent
15- 29 Days	6.20 Percent
30 – 45 Days	6.20 Percent
46 – 90 Days	6.85 Percent
91 – 179 Days	6.85 Percent
180 days to 270 days	6.85 Percent
271 – 364 Days	6.85 Percent
1 Year	7.10 Percent
1 Year 1 Day – 3 Years	7.25 Percent
3 Years 1 Day – 10 Years	6.75 Percent

PNB Fixed Deposit Features

Auto-Renewal:

If depositors opt for auto-renewal their term deposit automatically renews after maturity except for term deposits under the Capital Gain Scheme, Recurring Deposit Scheme, Bulk Term Deposits (above Rs.10 crores), PNB Tax Saver Scheme, and Inter-Bank Deposits.

The Inclusion of Blind and Illiterate Persons:

PNB enables the visually impaired and the illiterate to open a fixed deposit account.

Inclusions of all sections of society:

PNB FDs are designed to serve every category of depositors, right from High School students to beneficiaries of road accident insurance claims.

PNB Bank FD Types

PNB provides different term deposit alternatives such as Sugam term deposits, e-FDs, multi-benefit, ordinary, special, and Anupam term deposit schemes. Given below are some of the information in brief related to the different PNB bank FD schemes.

FD Scheme for Road Accident Victims:

This insurance scheme is for the recipients of the motor insurance claims. Anyone can open an account under this scheme. Minors under the guardianship can also open an account on condition that there are court orders in support of the claim in their names.

PNB Special Term Deposit scheme:

This account can be opened by anybody as a single or joint account with a minimum of 1 year up to 10 years even for incomplete quarters.

PNB Sugam Fixed Deposits:

FDs from Rs. 10,000 to Rs. 10 crores for as brief as 46 days. There is No penalty on premature, part/ full withdrawal.

PNB Varshik Aay Yojna:

FDs from Rs. 10,000 to Rs.99.99 lakhs can be booked from 24 months to a maximum period of 120 months.

PNB Anupam Term Deposit Scheme:

Has an inbuilt overdraft facility, deposits from Rs. 10,000 to Rs.99,99,000.

PNB Balika Shiksha:

This scheme is for all the girls of class VIII from Kasturba Gandhi Girls High School and the SC/ST quota passing class VIII and enroll for class IX in state/UT government aided or local body schools from the academic year 2008-2009. A sum of Rs. 3,000 will be deposited in their name.

Capital Gain Account:

Joint accounts cannot be opened under this scheme. This account is booked to credit amount from capital gain.

PNB Dugna Fixed Deposit:

FDs can be opened for a period up to 99 months with a minimum amount of Rs. 5,000 and in multiples of Re 1/- and Rs. 1 crore per day. Non-resident Indians can also open NRO accounts under the scheme.

PNB Multi-Benefit Deposit Scheme:

Avail multiple benefits for a deposit of anything from Rs. 100 to Rs. 99.99 lakhs.

PNB Saksham:

Minimum Rs. 25,000/- and after that in multiples of Re.1/- subject to a maximum of Rs. 10 crores. Senior citizens earn extra 0.50% interest on deposit. They can avail monthly payout comprising of interest in addition to the principal.

PNB FD Calculator

The PNB FD calculator helps with the calculation of the interest that the money will earn when kept in the PNB FD. Moreover, it gives the details of the principal amount on maturity after the interest is compounded on the basis of days, months, quarterly, half-yearly or yearly basis. PNB FD Calculator helps one understand about how the FD earns interest and how much will be one’s earning at the end of the chosen tenure.

How to Calculate PNB Fixed Deposit Interest Rate?

PNB FD rates can be calculated by providing the following details and clicking on the calculate button.

Principal amount (in Rs.)
Interest rate
Period of deposit
Day(s)/ month (s)/ year (s)
Monthly/ quarterly/ half yearly/ annually

Click on the calculate button will give the following results:

Maturity amount
Interest earned amount

The most significant advantage of a fixed deposit is that it comes handy as an emergency fund and also allows one to grow with the corpus.

Fixed deposit interest rates were revised by State Bank of India (SBI), Punjab National Bank (PNB) and Axis Bank at the start of the new calendar year.

Check out the latest fixed deposit rates in SBI, PNB and Axis Bank

FD interest rates SBI (below Rs 2 crore) effective January 8, 2021:

SBI FDs between seven to 45 days will now fetch 2.9 percent. Term deposits between 46 days to 179 days will give 3.9 percent. FDs of 180 days to less than one year will fetch 4.4 percent. Deposits with maturity between 1 year and up to less than 2 years will give 10 bps more now. These deposits will fetch an interest rate of 5 percent instead of 4.9 percent. FDs maturing in 2 years to less than 3 years will give 5.1 percent. FDs with 3 years to less than 5 years will offer 5.3 percent and term deposits maturing in 5 years and up to 10 years will continue giving 5.4 percent after the latest revision.

Days

Interest rates

7 days to 45 days

2.9%

46 days to 179 days

3.9%

180 days to 210 days

4.4%

211 days to less than 1 year

4.4%

1 year to less than 2 years

2 years to less than 3 years

5.1%

3 years to less than 5 years

5.3%

5 years and up to 10 years

5.4%

FD interest rates Axis Bank (below Rs 2 crore) effective January 4, 2021:

Across different tenures, Axis Bank offers FDs ranging from 7 days to 10 years. The bank gives interest on FDs ranging from 2.5 percent to 5.50 percent for general customers. On select maturities, Axis Bank offers a higher interest rate to senior citizens. The bank offers interest ranging from 2.50 percent to 6 percent to senior citizens.

Days

Interest rates

7 days to 29 days

2.5%

Pnb Nri Account

30 days to 90 days

90 days to 120 days

3.5%

120 days to 180 days

3.75%

180 days to 360 days

4.40%

2 years to less than 3 years

5.4%

3 years to less than 5 years

5.4%

5 years and up to 10 years

5.5%

FD interest rates Punjab National Bank (below Rs 2 crore) effective January 1, 2021:

On fixed deposits maturing in the range of 7 days to 10 years, PNB is offering an interest rate ranging between 3 percent and 5.30 percent. On 7-45 days fixed deposits, PNB is offering an interest rate of 3 percent and it goes up 4.5 percent on less than 1 year FDs. PNB gives 5.20 percent interest on term deposits maturing in one year to up to 3 years. On deposits maturing above 5 years to 10 years, PNB is offering 5.30 percent interest. The Senior citizens shall get an additional rate of interest of 50 bps over applicable card rates for all maturities on domestic deposits of less than Rs 2 crore.

Days

Interest rates

7 days to 45 days

46 days to 90 days

3.25%

91 days to 179 days

180 days to 270 days