Punjab National Bank (PNB) offers FD interest rates of 3.50-7.25% p.a. to the general public and 4.00-7.75% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on PNB Tax Saving FDs ranges from 6.35%-6.50% p.a. for the general public and 6.85%-7.00% for the senior citizens. The bank also offers various fixed deposit products for NRIs, such as NRO, NRE, and FCNR (B) fixed deposits. PNB accepts FCNR (B) fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Euro (EUR), Canadian Dollar (CAD), Japanese Yen (JPY), and Australian Dollar (AUD).
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*Rates are subject to change as per the bank's discretion.
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| Highest slab rate | 7.25% p.a. (for 400 days) |
| For 1 year | 6.80% p.a. |
| For 2 years | 6.80% p.a. |
| For 3 years | 7.00% p.a. |
| For 4 years | 6.50% p.a. |
| For 5 years | 6.50% p.a. |
| Tax-Saving FD | 6.35%-6.50% p.a. |
The interest rates are updated as of 26 November 2024
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
No documentation
| Tenure | Interest Rates (% p.a.) | ||
| Regular Citizens | Senior Citizens | Super Senior Citizens | |
| 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 90 days | 4.50 | 5.00 | 5.30 |
| 91 to 179 days | 4.50 | 5.00 | 5.30 |
| 180 to 270 days | 6.25 | 6.75 | 7.05 |
| 271 days to 299 days | 6.50 | 7.00 | 7.30 |
| 300 days | 7.05 | 7.55 | 7.85 |
| 301 days to less than 1 year | 6.50 | 7.00 | 7.30 |
| 1 year | 6.80 | 7.30 | 7.60 |
| Above 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 to 3 years | 7.00 | 7.50 | 7.80 |
| Above 3 years to 1203 days | 6.50 | 7.00 | 7.30 |
| 1204 days | 6.40 | 6.90 | 7.20 |
| 1205 days to 5 years | 6.50 | 7.00 | 7.30 |
| Above 5 years to 1894 days | 6.50 | 7.30 | 7.30 |
| 1895 days | 6.35 | 7.15 | 7.15 |
| 1896 days to 10 years | 6.50 | 7.30 | 7.30 |
Note: The additional senior citizen rates are not applicable for NRO deposits
Card limit is 90% of FD Amount
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Banks | Highest FD rate (% p.a.) | 1-year FD rate (% p.a.) | 3-year FD rate (% p.a.) | 5-year FD rate (% p.a.) | Additional interest rate for senior citizens (% p.a.) |
| Unity Small Finance Bank | 9.00 | 7.85 | 8.15 | 8.15 | 0.50 |
| North East Small Finance Bank | 9.00 | 7.00 | 9.00 | 6.25 | 0.50 |
| Suryoday Small Finance Bank | 8.60 | 8.05 | 8.60 | 8.25 | 0.50 |
| Shivalik Small Finance Bank | 8.55 | 6.00 | 7.50 | 6.50 | 0.50 |
| Utkarsh Small Finance Bank | 8.50 | 8.00 | 8.50 | 7.75 | 0.60 |
| Jana Small Finance Bank | 8.25 | 8.25 | 8.25 | 8.20 | 0.50 |
| Ujjivan Small Finance Bank | 8.25 | 8.25 | 7.20 | 7.20 | 0.50 |
| ESAF Small Finance Bank | 8.25 | 6.00 | 6.75 | 6.25 | 0.50 |
| Equitas Small Finance Bank | 8.25 | 8.20 | 8.00 | 7.25 | 0.50 |
| SBM Bank | 8.25 | 7.05 | 7.30 | 7.75 | 0.50 |
| RBL Bank | 8.10 | 7.50 | 7.50 | 7.10 | 0.50 |
| DCB Bank | 8.05 | 7.10 | 7.55 | 7.40 | 0.50 |
| Bandhan Bank | 8.05 | 8.05 | 7.25 | 5.85 | 0.50-0.75 |
| AU Small Finance Bank | 8.00 | 7.25 | 7.50 | 7.25 | 0.50 |
| IDFC First Bank | 7.90 | 6.50 | 6.80 | 6.75 | 0.50 |
| YES Bank | 7.75 | 7.25 | 7.25 | 7.25 | 0.50-0.75 |
| Induslnd Bank | 7.99 | 7.75 | 7.25 | 7.25 | 0.50 |
| Central Bank of India | 7.45 | 7.00 | 6.00 | 5.75 | 0.50 |
| Punjab & Sind | 7.45 | 6.30 | 6.00 | 6.00 | 6.00 |
| HDFC Bank | 7.40 | 6.60 | 7.00 | 7.00 | 0.50 |
| Tenure | Interest Rates (% p.a.) | |
| For General Public | For Senior Citizens | |
| 5 years | 6.50 | 7.00 |
| Above 5 years to 1894 days | 6.50 | 7.00 |
| 1895 days | 6.35 | 6.85 |
| 1896 to 10 years | 6.50 | 7.30 |
| 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 days to 179 days | 6.50 |
| 180 days to 270 days | 6.65 |
| 271 days to less than 299 days | 6.75 |
| 300 days | 6.75 |
| 301 days to less than 1 year | 6.75 |
| 1 year | 7.25 |
| Above 1 year to 399 days | 6.80 |
| 400 days | 6.80 |
| 401 days to 2 years | 6.80 |
| Above 2 years to 3 years | 6.50 |
| Above 3 years to 1203 days | 6.25 |
| 1204 days | 6.15 |
| 1205 days to 5 years | 6.25 |
| Above 5 years to 1894 days | 5.60 |
| 1895 days | 5.45 |
| 1896 days to 10 years | 5.60 |
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| Tenure | Interest Rates (% p.a.) |
| 1 year | 6.80 |
| Above 1 year to 399 days | 6.80 |
| 400 days | 7.25 |
| 401 days to 2 years | 6.80 |
| Above 2 years to 3 years | 7.00 |
| Above 3 years to 1203 days | 6.50 |
| 1204 days | 6.40 |
| 1205 days to 5 years | 6.50 |
| Above 5 years to 1894 days | 6.50 |
| 1895 days | 6.35 |
| 1896 days to 10 years | 6.50 |
| Currency/Tenure | Interest Rates (% p.a.) | ||||
| 1 year to less than 2 years | 2 years to less than 3 years | 3 years to less than 4 years | 4 years to less than 5 years | 5 years only | |
| USD# | 5.14 | 3.99 | 3.99 | 3.74 | 3.74 |
| GBP# | 4.85 | 3.75 | 3.55 | 3.45 | 3.25 |
| EUR# | 3.25 | 1.51 | 1.51 | 1.51 | 1.51 |
| JPY | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 |
| CAD | 3.54 | 3.14 | 2.89 | 2.94 | 2.99 |
| AUD | 4.54 | 4.44 | 4.15 | 3.95 | 3.75 |
#The interest rates are applicable for deposits of less than Rs 10 lakhs
| Particulars | PNB Visa Signature Credit Card | PNB Rupay Millennial Credit Card |
| Card Limit | Up to 80% of FD | Up to 80% of FD |
| Minimum FD | Rs 1.6 lakhs | Rs 65,000 |
| Joining Fee | Rs 1,500 | Rs 399 |
| Annual Fee | Rs 2,000 p.a. (waived on spending Rs 3 lakhs in the previous financial year) | Rs 999 p.a. (waived on spending Rs 1 lakh in the previous financial year) |
| Add on Card Fee | Rs 500 | Rs 399 |
| Finance Charges | 19.56% p.a. | 19.56% p.a. |
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Customers can check the maturity amount of their deposits using the online FD calculator provided by Paisabazaar. Users will be required to enter the fixed deposit amount, preferred tenure and the applicable PNB FD interest rates for the tenure chosen to calculate the maturity and interest amounts.
The highest fixed deposit rate for PNB Bank is 7.25% for general citizens and 7.75% p.a. for senior citizens for a tenure of 400 days.
The tenure of the PNB fixed deposit account is 7 days to 10 years.
Punjab National Bank has not specified any caps on the number of FD accounts that can be opened by any individual customer.
PNB offers senior citizen FD rates ranging from 4.00-7.75% p.a. applicable for tenures of 7 days to 10 years.
PNB does not allow the facility to change the tenures of its existing FD accounts. Depositors have to break their existing PNB Fixed Deposit for changing the tenure.
Punjab National Bank does not allow the facility to top-up the existing FDs. Depositors wishing to deposit additional amount in PNB Fixed Deposit would have to open fresh FD with PNB.
PNB allows premature withdrawals on FDs, subject to penal rates. However, depositors cannot withdraw FDs opened under the Tax Saver Deposits scheme and PNB Uttam Scheme (non-Callable FD scheme).
PNB charges a 1% penal interest rate on the contractual rate on which the FD was opened or the interest rate under the scheme on the contractual date applicable for the tenure the FD has run, whichever is lower.
Yes, PNB allows premature withdrawal of fixed deposits opened with ‘Either or Survivor’ of ‘Former or Survivor’ mandate.
PNB allows the renewal of overdue fixed deposits on the date of presentation and not from the retrospective date.
The interest rate on the overdue term deposits would be the same as applicable to saving account or the contracted rate of interest on the matured FD, whichever is lower.
PNB allows FD nomination in favour of minors only in the condition that while making the nomination, the account holder should appoint another individual not being a minor to receive the deposit on behalf of the minor in the event of death of the account holder, while the nominee is still a minor.
Yes, the nominee of your PNB FD remains the same after the renewal of the FD unless specifically changed or cancelled.
For filing a claim, a nominee will be required to submit the death certificate of the depositor and a claim format to establish the claim of the nominee duly certified by a Magistrate or Judicial Official or an Officer of the Central or State Government or an Officer of a bank or two persons acceptable to the bank who will act as a reference.
Yes PNB allows cancellation or modification in the nomination of fixed deposits.
The margin requirements set by PNB for availing loan against domestic FD and NRE FDs range from 5% to 12% for FD tenures of up to 5 years. For PNB FD tenures of more than 5 years, the minimum margin requirement is 20%. For advances against third party deposits, the minim margin requirement starts from 25%.
The margin requirements for availing loan against PNB NRO FDs and FCNR(B) range from 10% to 30% depending on the tenure of the deposit.
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