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PNB - Punjab National Bank Fixed Deposit (FD) Interest Rates 2025

Updated on: Apr 13th, 2025

17 min read

Punjab National Bank (PNB) offers Fixed Deposit (FD) schemes that provide security and guaranteed returns. The interest rates range from 3.50% to 7.25% p.a., with a minimum deposit of Rs. 100 and a tenure ranging from 7 days to 10 years. Keep reading this blog to learn more about PNB Fixed Deposit and its interest rates.

Highlights for 2025 Punjab National Bank Fixed Deposit Scheme

Tenure	7 days to 10 years
Senior Citizen Interest Rates	4.00-7.75% p.a.
Public Interest Rates	3.50-7.25% p.a.
Highest Interest Rates for Public	7.25% p.a.
Highest Interest Rates for Senior Citizens	7.75% p.a.
Premature Withdrawal	1% Penalty
Minimum Deposit Amount	Rs 100

FD Interest Rates of Punjab National Bank for 2025

Deposit Tenure	Interest Rate for Regular Customers (% p.a.)	Interest Rate for Senior Citizens (% p.a.)	Interest Rate for Super Senior Citizens (% p.a.)
7 to 14 Days	3.50	4.00	4.30
15 to 29 Days	3.50	4.00	4.30
30 to 45 Days	3.50	4.00	4.30
46 to 60 Days	4.50	5.00	5.30
61 to 90 Days	4.50	5.00	5.30
91 to 179 Days	4.50	5.00	5.30
180 to 270 Days	6.00	6.50	6.80
271 Days to 299 Days	6.25	6.75	7.05
300 Days	7.05	7.55	7.85
301 Days to < 1 Year	6.25	6.75	7.05
1 Year	6.75	7.25	7.55
>1 Year to 399 days	6.80	7.30	7.60
400 Days	7.25	7.75	8.05
401 Days to 2 Years	6.80	7.30	7.60
above 2 years & upto 3 years	7.00	7.50	7.80
above 3 years & upto 1203 days	6.50	7.00	7.30
1204 days	6.40	6.90	7.20
1205 days & upto 5 years	6.50	7.00	7.30
above 5 years & upto 1894 days	6.50	7.00	7.30
1895 days	6.35	7.15	7.15
1896 days & upto 10 years	6.50	7.30	7.30

Types of Punjab National Bank FD Schemes

FD Scheme	Features	Deposit Amount	Tenure	Premature Withdrawal
PNB Ordinary Term Deposit Scheme	Standard FD with loan facility. Loan/Overdraft available for deposits of Rs.10,000+. Interest rates as per PNB FD rates.	Rs.100 to Rs.1.99 crore	7 to 179 days	Allowed
PNB Tax Shield Fixed Deposit Scheme	Tax-saving FD with a 5-year lock-in and tax exemption under Section 80C. Interest rates include extra: +0.50% p.a. for senior citizens, +0.80% p.a. for super seniors, and +1% for staff.	Rs.100 to Rs.1.5 lakh per financial year	5 to 10 years	Not Allowed before 5 years
PNB Pranam Fixed Deposit Scheme	FD for senior citizens (55+), offering higher interest with an additional 0.50% p.a. for those 60+. Interest rates as per standard FD rates with the extra benefit. Loan/Overdraft available for deposits of Rs.10,000+.	Rs.100 to Rs.1.99 crore	1 to 10 years	Allowed
PNB Bulk Fixed Deposit Scheme	High-value deposit scheme for large investors with stable returns. Interest is compounded quarterly at rates applicable for bulk deposits.	Rs.10 crore+	7 days to 10 years	Not Allowed
PNB Uttam - Non Callable FD	High-interest FD with no premature withdrawal, offering higher rates compared to standard FDs.	Rs.15 lakh+	91 days to 10 years	Not Allowed
PNB Floating Rate Fixed Deposit Scheme	FD with a floating interest rate linked to market rates, which vary over time.	Rs.1,000+	7 days to 10 years	Allowed (Penalty Applicable)
PNB Fixed Deposit Schemes Covered Under E-FD	Online FD option for net banking users, offering senior citizen benefits. Interest rates are as per regular FD schemes.	Linked to savings/current account	As per regular FD schemes	Allowed (via net banking)
PNB Anupam Term Deposit Scheme	Flexible FD with an overdraft facility and higher liquidity. Interest is compounded quarterly and paid at maturity at standard PNB FD rates.	Rs.10,000 to Rs.1.99 crore	6 months to 10 years	Allowed
PNB Balika Shiksha Fixed Deposit Scheme	Special FD for girl students as an educational incentive. Earns standard FD interest rates.	Rs.3,000	Until the girl turns 18	Not Allowed before 18 years
PNB Multi-Benefit Term Deposit Scheme	Multi-benefit FD with a loan facility and flexible investment options. Interest is compounded quarterly and paid at maturity.	Rs.100 to Rs.1.99 crore	6 months to 10 years	Allowed
PNB Growth Fixed Deposit Scheme	High-value FD for large deposits with a reinvestment option. Offers an option to receive interest or reinvest, at high-value FD rates.	Rs.2 crore to Rs.10 crore	7 days to 10 years	Not Allowed
FD Scheme for Road Accident Victims	FD for accident victims' compensation as per court order, with interest set at 1% above normal FD rates.	As per court order	1 to 10 years	Not Allowed
Annuity Term Deposit Scheme For Road Accident Victims	Annuity FD for accident claimants, ensuring stable monthly returns with quarterly compounding. Interest rates as per court directives.	Monthly annuity Rs.1,000+	3 to 10 years	Allowed (Court Approval Required)
PNB Mibor Linked Notice Deposit Scheme	FD with interest linked to the MIBOR rate, suitable for corporate investors.	Rs.10 crore+	7 to 60 days	Allowed
PNB NRE Rupee Sugam Term Deposit Scheme	NRI FD scheme with flexible withdrawal and tax-free interest. Interest rates as per NRE FD norms.	Rs.10,000+	1 to 10 years	Allowed (Partial Withdrawal Available)
PNB NRE Rupee Sugam Term Deposit Scheme (Joint Holding)	Joint holding FD for NRIs with enhanced flexibility. Interest rates as per NRE FD norms, with no penalty for early withdrawal in multiples of Rs.1,000.	Rs.10,000 to Rs.10 crore	46 days to 10 years	Allowed

Term-wise Indian Overseas Bank FD Rates

Deposit Tenure	General Customers	Senior Citizens	Super Senior Citizens
Short-Term Deposits
7 days to 1 year	3.50% - 7.05%	4.00% - 7.55%	4.30% - 7.85%
Medium-Term Deposits
1 - 3 years	6.75% - 7.00%	7.25% - 7.50%	7.55% - 7.80%
Long-Term Deposits
3 -10 years	6.35% - 6.50%	7.00% - 7.30%	7.30%

Punjab National Bank FD Special Features and Benefits

The minimum deposit amount allowed is Rs.100 and maximum goes up to Rs.1,99,99,999.
Domestic and non-resident Indians can open FD accounts with the bank.
The deposit tenure can range from 7 days up to 120 months for domestic account holders. In the case of NRE and NRO accounts, the minimum tenure can vary.
Monthly, quarterly, half-yearly, and yearly interest payout options are available in addition to the payout on maturity.
Quarterly interest compounding facilities are available.
Auto-renewal of deposit can be availed under certain schemes.
Wide range of FD schemes is available to suit the needs of retail customers.
Premature withdrawal and nomination facility is available on certain schemes.
Loan/advance facility is available against deposits of Rs.10,000 or more.
TDS certificate will be issued wherever applicable.

Eligibility Criteria for Punjab National Bank FD

Individuals (singly or jointly with others)
Minors who have attained the age of 10 years and above,
Proprietorship/partnership firm, commercial organisation, company/corporate body.
Hindu Undivided Family (HUF).
Association, club, society, trust or religious/charitable or educational institutions.
Municipality or panchayat, government or quasi-government body.
Illiterate and blind persons can also open the account.

Documents Required for Punjab National Bank FD

Secondary School leaving Certificate indicating the date of birth
LIC Policy
Voters Identity Card
Pension Payment Order (for senior citizens)
Birth Certificate issued by the competent authority
Passport
Driving License
PAN number
Any other documentary proof to the satisfaction of the Branch Manager
UID (Aadhaar Card)

Punjab National Bank vs Other Banks' FD Rates

Bank Name	Regular Customers (% p.a.)	Senior Citizens (% p.a.)
HDFC Bank	3.00% – 7.35%	3.50% – 7.85%
Punjab National Bank	3.50-7.25% p.a.	4.00-7.75% p.a.
Axis Bank	3.00% – 7.20%	3.50% – 7.70%
City Union Bank	5.00% – 7.50%	5.00% – 8.00%
Canara Bank	4.00% – 7.25%	4.00% – 7.75%
Bank of Baroda	4.25% – 7.25%	4.75% – 7.75%
ICICI Bank	3.00% – 7.25%	3.50% – 7.80%
HSBC Bank	2.85-7.50% p.a.	3.35- 8.00% p.a.
Citibank	2.10% – 7.77%	2.60% – 8.27%
State Bank of India	3.50% – 7.10%	4.00% – 7.60%
Indian Overseas Bank	4.00% – 7.30%	4.50% – 7.80%
IDBI Bank	3.00% – 7.00%	3.50% – 7.50%
Indian Bank	2.80% – 7.25%	3.30% – 7.75%
IDFC First Bank	3.00% – 7.75%	3.50% – 8.25%
Post Office FD	6.90% – 7.50%	6.90% – 7.50%
Kotak Bank	2.75% – 7.40%	3.25% – 7.90%

How to invest in PNB Bank FD?

PNB Internet Banking

Step 1: Log in to your net banking account on the official PNB NetBanking website.
Step 2: Select the ‘Open Fixed Deposits’ option.
Step 3: Fill in all the required deposit details, nominee information, and maturity instructions.
Step 4: A bank representative will verify your documents. Once validated, the FD will be booked.
Step 5: The FD certificate will be sent to your registered address, and a confirmation SMS will be sent to your mobile.

PNB Mobile Banking App

Step 1: Download and log in to the PNB Bank App.
Step 2: Select the ‘Open FD’ option.
Step 3: Enter all the necessary deposit and nominee details.
Step 4: Opt for door-step assistance for document verification.
Step 5: A bank representative will complete the verification, and the FD will be booked.
Step 6: The FD certificate will be sent to your address, and a confirmation SMS will follow.

Visiting the PNB Bank Branch

Step 1: Visit your nearest Punjab National Bank branch.
Step 2: Fill out the FD application form and attach the required documents.
Step 3: Submit the deposit amount along with the form.
Step 4: After successful verification, the FD will be booked.
Step 5: The FD certificate will be sent to your communication address and an SMS confirmation will be sent to your mobile number.

Tax Benefits on Punjab National Bank Fixed Deposit

PNB Tax Shield FD

Eligibility: Available for individuals (single/joint accounts) and HUFs.
Deposit Amount: Rs. 100 to Rs. 1.5 lakh per financial year.
Lock-In Period: 5 years, with a maximum tenure of 10 years.
Tax Benefits: Eligible for tax deductions under Section 80C of the Income Tax Act, 1961.
Interest Payout: Options for monthly, quarterly, half-yearly, yearly, or maturity-based payouts.
Additional Interest: 0.5% extra for senior citizens, and 1% extra for staff members over regular rates.

PNB Capital Gain Account Scheme

Purpose: Allows individuals to deposit capital gain proceeds to avail tax benefits under Sections 54, 54B, 54D, 54F, or 54G of the Income Tax Act, 1961.
Tenure: 7 days to 10 years.
Availability: Offered at all branches except rural ones.
Account Types: Two types of accounts available for deposit.
Deposit Account-A: Functions as a savings account.
Deposit Account-B: Functions as a term deposit account.

Related Articles

Related PNB Bank Articles:
1. PNB Bank Statement Password
2. How To Download Punjab National Bank RTGS Form
3. How To Check PNB Balance

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Frequently Asked Questions

What interest rate structure is applicable to the PNB Tax Saver FD scheme?

The interest rate applicable to the PNB Tax Saver FD scheme is 6.50% p.a. to regular customers for tenure from 5 years up to 10 years. Senior citizens get 7.30% p.a. for the same tenure.

Does bank staff get an additional interest rate?

Yes. In case of staff members as well as retired staff members who are also Senior Citizens, maximum rate of interest to be allowed over applicable card rate shall be 150 bps for a period upto 5 years and 180bps for period above 5 years. For deposits between Rs.2 crore and Rs.10 crore, no additional interest rate will be provided to bank staff and ex-staff who are senior citizens.

What is the interest payment frequency for PNB Anupam Term Deposit?

The interest will be paid out on the completed quarter basis in March, June, September, and December every year.

Is PNB Safe for FD?

Reserve Bank of India recognises Punjab National Bank (PNB) as a scheduled bank. Thus, depositors in this bank are eligible for depositor’s insurance by Depositor Insurance and Credit Guarantee Corporation (DICGC). The DICGC, a subsidiary of the Reserve Bank of India (RBI), provides insurance coverage for deposits made by each individual depositor in each scheduled bank up to a total of Rs 5 lakh. This insurance coverage applies to all types of deposits, including fixed deposits, savings accounts, current accounts, and recurring deposits. In the event of a scheduled bank failing or merging/amalgamating with another bank, this insurance coverage will protect the depositor's deposits up to the specified limit.

In how many years FD will Double?

let's take an interest rate applicable for 5 to 10 years, which is currently 6.50%. In such a situation, when you divide the current interest rate by 72, the answer will be 72/6.5 = 9.6. According to this calculation, your money will double in 11 years.

What is the highest PNB FD interest rate?

Punjab National Bank is offering highest fd rates for the tenure of 400 days, which is 7.25% p.a for general public, 7.75% p.a. for senior citizens, and 8.05% for super senior citizens.

What is the interest rate for PNB tax saver FD?

PNB tax saver FD interest rate is 6.50% p.a. for tenure ranging from 5 to 10 years.

How many FDs can be opened in Punjab National Bank?

There is no limit on the number of FDs, you can open as many FDs as you want.

What is senior citizen fixed deposit interest rates in Punjab National Bank?

Punjab National Banks offers interest rate 4% p.a. to 7.75% p.a. on fixed deposit schemes.

Can we withdraw FD before maturity in PNB?

Yes, Premature withdrawal is allowed, with interest paid at either the contracted rate or the rate applicable for the duration the deposit was active, whichever is lower.

About the Author

Mayashree Acharya

Senior Content Writer

I am an advocate by profession and have a keen interest in writing. I write articles in various categories, from legal, business, personal finance, and investments to government schemes. I put words in a simplified manner and write easy-to-understand articles. Read more

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