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Punjab National Bank FD Rates

Domestic & NRI Savings Account Interest Rates (W.E.F. 19th August 2017)

Rate of Interest
Savings Fund Account Balance up to Rs. 50 lakh3.50% p.a.
Savings Fund Account Balance of above Rs. 50 lakh4.00% p.a.

Rate of Interest on Single Domestic/NRO/NRE Term Deposits (TD) Up To Rs. 10 crore (Callable)

PeriodROI (% p.a.)A.Y.*Senior Citizen ROI (% p.a.)ROI (% p.a.)A.Y.*NRE TD $ Less Than Rs.2 Cr. ROI (% p.a.)NRE TD $ Rs.2 Cr. To Rs. 10 Cr. ROI (% p.a.)PNB Tax Saver FD
7 to 14 days5.755.756.256.006.00NANANA
15 to 29days5.755.756.256.256.25NANANA
30 to 45 days5.755.756.256.256.25NANANA
46 to 90 days6.356.356.856.556.55NANANA
91 to 179 days6.356.356.856.506.50NANANA
111 days6.506.507.006.506.50NANANA
180 days to 270 Days6.48.256.856.506.55NANANA
222 days6.606.687.106.606.68NANANA
271 days to less than 1 year6.356.456.856.506.61NANANA
333 days7.107.277.607.107.27NANANA
1 year6.756.927.256.756.926.756.75NA
555 days**6.857.167.356.857.166.856.85NA
Above 1 year & upto 3 years6.756.927.256.506.666.756.50NA
Above 3 year & upto 5 years6.256.826.756.256.826.256.25Public (General)- 6.25 (for 5 years) 6.25 ( for above 5years to 10 years)
Above 5 years & upto 10 years6.257.27 6.75 6.25 7.27 6.25 6.25Staff member- 7.25 (for 5 years) 7.25 ( for above 5years to 10 years)

PNB Uttam Fixed Deposit Scheme (Non-callable)

@ with effect from 01.03.2019 (For Deposit above 15 lakh)

PeriodDomestic TD More Than Rs 15 Lakh To Less Than Rs.2cr ROI (% p.a.)A.Y.*Domestic TD Rs.2 Cr. To Rs 10 Cr Domestic TD Rs.2 Cr. To Rs 10 CrA.Y.*
91 to 179 days6.406.406.556.55
111 days6.556.556.556.55
180 days to 270 Days6.406.456.556.60
222 days6.656.736.656.73
271 days to less than 1 year6.406.506.556.66
333 days7.157.327.157.32
1 year6.806.986.806.98
555 Days**7.007.327.007.32
Above 1 year & upto 3 years6.806.986.556.71
Above 3 year & upto 5 years6.306.886.306.88
Above 5 years & upto 10 years6.307.346.307.34

Features of the Punjab National Bank FD Account

  • Auto-renewal facility of Axis Bank fixed deposits
  • Nomination is permissible
  • Availability of loans against FD

Eligibility Criteria for the Punjab National Bank FDs

  • Individuals, both individuals and minors
  • Joint accounts that include more than one individuals
  • Joint Hindu Families
  • Illiterate individuals
  • Blind individuals
  • Partnership firms
  • Limited companies and partnership firms
  • Trusts
  • Sole proprietary concerns
  • Municipalities and panchayats
  • Charitable, religious, and educational institutions
  • Associations, societies, clubs, etc.
  • NRIs

FAQs on PNB FD Rates

What is the interest rate that Punjab National Bank Fixed Deposit offers on senior citizens FDs?

  • The Punjab National Bank FD rates from Rs. 2 crore to Rs. 10 crore do not attract an additional rate of interest for senior citizens.
  • Senior citizens are eligible foran additional rate of interest of 50 bps over applicable card rates for all maturities on domestic deposits of less than Rs. 2 crore. In case of staff members as well as retired staff members who are also senior citizens, maximum Punjab National Bank FD rate of interest to be allowed over applicable card rate is 150 bps, except in case of PNB Tax Saver Fixed Deposit scheme, where the maximum rate of interest to be allowed over applicable card rate is 100 bps.

Can I make alterations to the tenure of my ongoing Punjab National Bank Fixed Deposit?

Once you have chosen your FD tenure at the Punjab National Bank, you cannot change it.

How to open a Punjab National Bank Fixed Deposit account without a PAN card?

Instead of a PAN card,you need to submit a filled up Form 16 to be eligible for opening a FD account at the Punjab National Bank.

What is the highest interest rate that is offered by the Punjab National Bank Fixed Deposit?

The highest rate of interest for regular FDs is 6.85% for regular investors and 7.35% for senior citizens.

What are the FD tenure options with Punjab National Bank Fixed Deposit?

The following are the FD tenure options offered by the Punjab National Bank:

  • 7 to 14 days
  • 15 to 29days
  • 30 to 45 days
  • 46 to 90 days
  • 91 to 179 days
  • 111 days
  • 180 days to 270 days
  • 222 days
  • 271 days to less than 1 year
  • 333 days
  • 1 year
  • 555 days**
  • Above 1 year & up to 3 years
  • Above 3 year & up to 5 years
  • Above 5 years & up to 10 years

What is the minimum amount required to start a Punjab National Bank Fixed Deposit account?

The minimum deposit needed to be eligible for opening a FD account at the Punjab National Bank is Rs. 1000.

What is the eligibility criteria to open a Punjab National Bank Fixed Deposit account?

The below are the eligibility criteria for opening a FD account at the Punjab National Bank:

  • Individuals, both individuals and minors
  • Joint accounts that include more than one individuals
  • Joint Hindu Families
  • Illiterate individuals
  • Blind individuals
  • Partnership firms
  • Limited companies and partnership firms
  • Trusts
  • Sole proprietary concerns
  • Municipalities and panchayats
  • Charitable, religious, and educational institutions
  • Associations, societies, clubs, etc.
  • NRIs

Can I open my Punjab National Bank Fixed Deposit without a PAN card?

Yes, you can start a Fixed Deposit at the Punjab National Bankwithout a PAN card by submitting Form 16 with correct information.

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