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

Updated on: Dec 19th, 2024

19 min read

Punjab National Bank (PNB) offers a variety of Fixed Deposit schemes with interest rates ranging from 3.50% to 7.35% p.a. for the general public and 4.00% to 7.75% p.a. for senior citizens. The tenure options range from 7 days to 10 years. PNB also provides a Tax-saving FD at 6.50% p.a. for the public and 7.00% p.a. for senior citizens, with a 5-year to 10-year tenure. NRI deposit schemes are also available.

This is the Latest FD Interest Rates 2025 for Punjab National Bank

2025 FD Interest Rates of PNB - Punjab National Bank

These are the PNB interest rates 2025 that apply to domestic and NRI customers for fixed deposits less than Rs.3 crore:

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

The interest rates apply to domestic and NRI customers for deposits of more than Rs.3 crore to 10 crores:

Deposit Tenure	Interest rates (% p.a.)
7 days to 14 days	6.00
15 days to 29 days	6.00
30 days to 45 days	6.00
46 days to 60 days	6.40
61 days to 90 days	6.60
91 to 179 days	6.50
180 days to 270 Days	6.65
271 days to 299 Days	6.75
300 Days	6.75
300 Days to <1 Year	6.75
1 Year	7.25
>1 Year to 399 Days	6.80
400 days	6.80
401 days to 2 years	6.80
above 2 year & upto 3 years	6.50
above 3 year & upto 1203 days	6.25
1204 days	6.15
1205 days & upto 5 years	6.25
above 5 year & upto 1894 days	5.60
1895 days	5.45
1896 days & upto 10 years	5.60

*Rates updated as of 10 June 2024.
** The additional rate of interest applicable on domestic deposits accepted from senior citizens is not applicable for NRO deposits.
*** At a Deposit of more than 3 crore, There is no additional rate of interest for Senior citizens and for Super Senior citizens.

Types of Punjab National Bank FD Schemes

PNB Ordinary Term Deposit Scheme

Deposit Amount: You can deposit between Rs.100 and Rs.1,99,99,999.
Tenure: Your deposit can stay in the bank for 7 to 179 days.
If you deposit Rs.10,000 or more, you can ask for a Demand Loan or Overdraft facility by writing a request.

PNB Tax Shield Fixed Deposit Scheme

Deposit Amount: Minimum deposit of Rs. 100 (in multiples) up to Rs. 1.50 lakh per financial year.
Tenure: 5 to 10 years, with a 5-year lock-in period.
Interest Options:
- Income Option: Interest paid monthly, quarterly, half-yearly, or yearly. Monthly interest is paid at a discounted rate; quarterly compounding for half-yearly and yearly options.
- Maturity Option: Interest compounded quarterly and paid at maturity.
Additional Benefits:
- Senior citizens earn an extra 0.50% p.a.
- Staff members get an additional 1% interest (including senior citizen benefit).
- Super senior citizens enjoy an additional 0.80% p.a.
Withdrawal & Loan: Available after the 5-year lock-in period.
Taxation: Interest is taxed based on the depositor’s accounting system, either on an accrual or receipt basis under the Income Tax Act.

PNB Pranam Fixed Deposit Scheme

Deposit Amount: Minimum Rs. 100, maximum Rs. 1.99 crore.
Eligibility: Available for individuals aged 55 years and above.
Tenure:
- Income Option: 1 to 10 years.
- Maturity Option: 1 to 10 years.
Senior Citizen Benefit: Additional 0.50% interest for those aged 60 years and above.
Interest Options: Both income and maturity options available.
Premature Withdrawal: Allowed, with interest paid at the lower of the contracted rate or the rate for the active duration.
Loan/Overdraft: Available for deposits of Rs. 10,000 and above upon written request. Overdraft is not allowed for blind or illiterate account holders.

PNB Bulk Fixed Deposit Scheme

Deposit Amount:
- Single deposit over Rs. 10 crore.
- Single Interbank deposit of Rs. 2 crore and above.
- Single NRO/NRE term deposits over Rs. 10 crore.
- Single FCNR (B) deposit of USD 1 million, GBP 1 million, or EUR 1 million and above.
Tenure:
- Maturity Option: 7 days to 10 years.
- Income Option: 6 months to 10 years.
Interest Options:
- Income: Monthly, quarterly, or at maturity. Monthly interest is at a discounted rate; quarterly compounding for half-yearly and yearly payments.
- Maturity: Interest compounded quarterly and paid at maturity, including any incomplete quarter.
Restrictions: No conversion, auto-renewal, premature renewal/extension, or part withdrawal allowed.
Maturity Value:
- For maturity option, calculated with quarterly compounding.
- For income option, interest paid quarterly at a simple rate or monthly at a discounted rate.

PNB Uttam - Non Callable FD

Deposit Amount: Minimum deposit of Rs. 15 lakh.
Interest Options:
- Income Option: Interest paid monthly, quarterly, half-yearly, or yearly. Monthly interest is at a discounted rate, while half-yearly and yearly payments are compounded quarterly.
- Maturity Option: Interest compounded quarterly and paid at maturity, including any incomplete quarter.
Tenure:
- Deposits of Rs. 15 lakh to Rs. 10 crore:
  - Maturity Option: 91 days to 10 years.
  - Income Option: 6 months to 10 years.
- Deposits over Rs. 10 crore:
  - Maturity Option: 91 days to 1 year.
  - Income Option: 6 months to 1 year.
- Interbank Deposits above Rs. 10 crore: Maturity Option: 91 days to 1 year.
Restrictions:
- No conversion, auto-renewal, premature withdrawal, partial withdrawal, or extension allowed except in specific circumstances (e.g., death of the depositor, winding up, bankruptcy, or court/regulator directions).
Loan/Overdraft: Available at the bank's discretion, subject to guidelines.
Maturity Value: Calculated with quarterly compounding for the maturity option.

PNB Floating Rate Fixed Deposit Scheme

Deposit Amount: Minimum Rs. 1,000 (in multiples), deposits over Rs. 10 crore require Treasury Division approval.
Tenure: 7 days to 10 years, including incomplete quarters.
Overdraft Facility: Available for deposits of Rs. 10,000 and above.
Premature Withdrawal:
- For deposits up to Rs. 10 crore: Interest is reduced by 1% if withdrawn within 5 years, and 0.5% if withdrawn after 5 years.
- For deposits over Rs. 10 crore: Premature withdrawal requires Treasury Division approval, and interest is based on the prevailing rate for the deposit duration, without any reduction.\

PNB Fixed Deposit Schemes Covered Under E-FD

This scheme is only for internet banking custiomers.
Operations:
Mode of operation, nomination, and senior citizen preferential rate follow the rules of the linked savings or current account.
Documentation:
Valid PAN document is required.
Loans:
Loan applications require a visit to the parent branch.
Auto-Renewal:
Only permitted for the maturity value.
Maturity Proceeds:
Without auto-renewal instructions, proceeds on maturity will be credited to the funding account or per the depositor's mandate.
Premature Withdrawal:
Permitted through net banking.
Nomination:
Continues as per the funded account.
Taxation:
TDS Certificate issued by the bank for deducted taxes.

PNB Anupam Term Deposit Scheme

Minimum & Maximum Deposit:
Start with Rs.10,000, in multiples of Rs.1,000 thereafter, and maximum goes up to Rs.1,99,99,000.
Tenure:
Choose from six months to 120 months.
Overdraft Facility:
Overdraft facility available.
Eligibility:
Both individuals and non-individuals can open the account.
However, accounts cannot be opened under the names of minors, illiterates, or blind persons.

PNB Balika Shiksha Fixed Deposit Scheme

Eligibility:
Dedicated to girls who have passed class VIII from Kasturba Gandhi Balika Vidyalayas.
Enrolled for class IX in State/Union Territory government, government-aided, or local bodies’ schools from the academic year 2008-09 onwards.
Accounts should be opened for unmarried girls below 16 years old as of March 31 upon joining class IX.
Excludes girl students enrolled in private unaided schools and schools run by the Central government.
Account Details:
Savings account can start with a nil initial balance.
Fixed deposit account allowed with Rs. 3,000 in the name of the girl child.
Withdrawal:
The Rs.3,000 fixed deposit can be withdrawn as an incentive when the girl child turns 18 years old.

PNB Multi-Benefit Term Deposit Scheme

Account Benefits:
Offers multiple benefits upon opening.
Eligibility:
Both individuals and non-individuals can open the account.
Interest:
Compounded quarterly and paid out at maturity.
Deposit Limits:
Minimum deposit: Rs.100; Maximum: Rs. 1,99,99,999.
Tenure:
Choose from six months to 120 months.
Demand Loan:
Available for deposits of Rs.10,000 and above upon written request.

PNB Growth Fixed Deposit Scheme

Deposit Limit:
Allows a single deposit ranging from Rs. 2 crore to a maximum of Rs. 10 crore.
Tenure:
Maturity period can be anywhere from seven days to 120 months.
Income Option:
Available for a period of six months up to 120 months.
Interest Handling:
Depositor can choose whether the interest is paid out or reinvested on the deposit amount.

FD Scheme for Road Accident Victims

Scheme Objective:
Facilitate depositing cash received from the Motor Tribunal by claimants of road accident victims according to court orders under the maximum interest category of FD.
Interest Payment:
Interest can be paid monthly at a discounted rate.
Tenure:
Choose from 1 year to 10 years.
Automatic Renewal:
Automatic renewal facility available as per court guidelines.
Interest Rate:
1% above the card interest rate applicable for normal FD schemes across various tenors.
Restrictions:
No premature cancellation or part withdrawal allowed.
No loans or advances permitted under the scheme.

Annuity Term Deposit Scheme For Victims Of Road Accidents

Scheme Overview:
The Motor Accident Claims Annuity Deposit (MACAD) Scheme facilitates the deposit of compensation received by claimants of road accident victims from Motor Tribunals as per court orders.
Eligibility:
Individuals, including minors represented by guardians, can participate under a single name.
Minimum Deposit:
Minimum annuity of Rs.1,000 (monthly) for the applicable period.
Tenure:
Choose from 3 years to 10 years. Deposits exceeding 120 months are allowed under court direction.
Restrictions:
No loan or advance facilities are available under the scheme.
Nomination:
Nomination facility is available in accordance with court rulings.
Premature Closure:
Depositors can close their Fixed Deposit prematurely with court permission.

PNB Mibor Linked Notice Deposit Scheme

Scheme Description:
Offers a deposit product with an interest rate linked to the Mumbai Inter-Bank Offer Rate (MIBOR) NSE Overnight.
Eligibility:
Open to Company/Corporate Bodies, High Net Worth Individuals (HNIs), Public Sector Undertakings, and Commercial Organizations.
Deposit Amount:
Requires a single deposit exceeding Rs. 10 crore.
Tenure:
Available for 7 to 60 days.
Withdrawals:
No penalty for premature or partial withdrawals.
Auto-Renewal:
Fixed deposit automatically renewed for 14 days only.
Loan Facilities:
Demand Loan/Overdraft Facility not permitted.

PNB NRE Rupee Sugam Term Deposit Scheme

Minimum Deposit:
Start with Rs.10,000.
Tenure:
Choose from 1 year to 10 years.
Withdrawal:
Premature or partial withdrawal allowed.
Options Available:
Choose between Income Option and Reinvestment/Maturity Option.

PNB NRE Rupee Sugam Term Deposit Scheme

Joint Holding:
Account can be held jointly with residents and/or non-residents.
Deposit Amount:
Minimum: Rs.10,000; Maximum: Rs.10 crore.
Tenure:
Choose from 46 days to 10 years.
Penalty-Free Withdrawal:
No penalty for premature withdrawal in multiples of Rs. 1,000 before maturity.
Additional Facilities:
Demand Loan or Overdraft against term deposit, Change of option, Conversion, or Change of Base Branch facility available if requested before maturity.

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

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)

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.

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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.

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