PNB Fixed Deposit Rates – myITreturn Help Center

Deposit Amount Range

Tenure Range

Interest Rate

Up to ₹2 Cr

7 Days to 10 Years

5.75% - 7.27%

(Quarterly Compounding)

Features: Premature withdrawal

Online facilities

Tax savings

Documents

Credit Rating: CRISIL AAA

Number of Nominees: 1

Institution type: Public Sector Bank

Rate Of Interest On Single Domestic / NRO / NRE Term Deposits (TD) Up To Rs.10 Cr. (Callable)

		Domestic/NRO $ TD Less Than Rs.2 Cr. W.E.F. 01.03.2019			Domestic/NRO $ TD Rs. 2 Cr To Rs. 10 Cr.# W.E.F. 01.03.2019		NRE TD $ Less Than Rs.2 Cr. W.E.F. 01.03.2019	NRE TD $ Rs.2 Cr. To Rs. 10 Cr. W.E.F. 01.03.2019	PNB Tax Saver FD
Sl. No	Period	ROI (% p.a.)	A.Y.*	For Senior Citizen ROI (% p.a.)	ROI (% p.a.)	A.Y.*	ROI (% p.a.)	ROI (% p.a.)	ROI (% p.a.)
1	7 to 14 days	5.75	5.75	6.25	6.00	6.00	NA	NA	NA
2	15 to 29days	5.75	5.75	6.25	6.25	6.25	NA	NA	NA
3	30 to 45 days	5.75	5.75	6.25	6.25	6.25	NA	NA	NA
4	46 to 90 days	6.35	6.35	6.85	6.55	6.55	NA	NA	NA
5	91 to 179 days	6.35	6.35	6.85	6.50	6.50	NA	NA	NA
6	111 days	6.50	6.50	7.00	6.50	6.50	NA	NA	NA
7	180 days to 270 Days	6.35	6.40	6.85	6.50	6.55	NA	NA	NA
8	222 days	6.60	6.68	7.10	6.60	6.68	NA	NA	NA
9	271 days to less than 1 year	6.35	6.45	6.85	6.50	6.61	NA	NA	NA
10	333 days	7.10	7.27	7.60	7.10	7.27	NA	NA	NA
11	1 year	6.75	6.92	7.25	6.75	6.92	6.75	6.75	NA
12	555 days**	6.85	7.16	7.35	6.85	7.16	6.85	6.85	NA
13	above 1 year & upto 3 years	6.75	6.92	7.25	6.50	6.66	6.75	6.50	NA
14	above 3 year & upto 5 years	6.25	6.82	6.75	6.25	6.82	6.25	6.25	Public (General)- 6.25 (for 5 years) 6.25 ( for above 5years to 10 years) Sr. Citizen (General)- 6.75 (for 5 years) 6.75 ( for above 5years to 10 years) Staff member- 7.25 (for 5 years) 7.25 ( for above 5years to 10 years) Retired Staff (Sr. Citizen)- 7.25(for 5 years) 7.25 ( for above 5years to 10 years)
13	above 5 years & upto 10 years	6.25	7.27	6.75	6.25	7.27	6.25	6.25

* Annualized Yield in % terms at the beginning of the slab.

** effective for a period of 01.11.2018 to 31.03.2019.

# The rates for Rs.2 Crore to Rs.10 Crore are not to be loaded with additional rate of interest for Sr. Citizens, staff accounts etc.

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. 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 except in case of PNB Tax Saver Fixed depost scheme, where the maximum rate of interest to be allowed over applicable card rate is 100 bps.

These revised interest rates will be applicable to the fresh deposits and renewal of existing Term deposits with effect from 01.03.2019 The above rates shall also be applicable to NRE term deposits.

“PNB UTTAM FIXED DEPOSIT SCHEME” (Non-Callable) @ With Effect From 01.03.2019 (For Deposit Above 15 Lakh)

	Domestic TD More Than Rs 15 Lakh To Less Than Rs.2cr W.E.F. 01.03.2019		Domestic TD Rs.2 Cr. To Rs 10 Cr. W.E.F. 01.03.2019
Period	ROI (% p.a.)	A.Y.*	ROI (% p.a.)	A.Y.*
91 to 179 days	6.40	6.40	6.55	6.55
111 days	6.55	6.55	6.55	6.55
180 days to 270 Days	6.40	6.45	6.55	6.60
222 days	6.65	6.73	6.65	6.73
271 days to less than 1 year	6.40	6.50	6.55	6.66
333 days	7.15	7.32	7.15	7.32
1 year	6.80	6.98	6.80	6.98
555 Days**	7.00	7.32	7.00	7.32
above 1 year & upto 3 years	6.80	6.98	6.55	6.71
above 3 year & upto 5 years	6.30	6.88	6.30	6.88
above 5 years & upto 10 years	6.30	7.34	6.30	7.34

** effective for a period of 01.11.2018 to 31.03.2019.

Highlights of PNB FD Rates: Below Rs 2 Crore

Range of rates available for FD schemes: 5.75% p.a. to 7.27% p.a.

Highest PNB FD rate is 7.27% p.a.
PNB Tax Saver FD rate: 6.25% p.a.
Highest PNB Uttam deposit scheme: 7.34% p.a.

How to calculate PNB FD interest rate

The interest that you will earn out of your Punjab National Bank FD can be easily calculated using a fixed deposit interest rate calculator. This tool is very useful for prospective investors because it will help them know how much to invest to get the desired returns. To calculate the total earnings you will get out of your PNB FD, there are many factors that need to be considered. Let us take a look at some of these factors below.

Factors that affect FD maturity amount:

Rate of interest: The rate at which a depositor is paid is an important factor that helps calculate the returns at the time of maturity. Note that the interest rate is different for different tenures.
Amount invested: The principal that you invest is also a key piece of information that is needed to calculate the maturity amount using the FD calculator.
Time period: Along with factors such as interest rate and principal, the tenure of the investment is also crucial because different time periods offer different interest rates.
Compounding frequency: There are different interest compounding frequencies including monthly, quarterly, half-yearly and yearly. The time interval of interest compounding plays a pivotal role in determining the total value of the term deposit at the time of maturity
Taxation: The amount of Tax Deducted at Source (TDS) also makes a difference as far as the total maturity value of the deposit is concerned.

Key Information before Opening a Fixed Deposit

Eligibility to Open an FD	Individual Joint account Minor with a guardian Partnership Company Any association or Institute NRIs
Documents Required	Application Form Depositor’s photograph (2 copies) Identity proof & Address proof as per KYC Norms PAN Card copy/ Form 60 or 61 Aadhaar Card Details
Benefits of a PNB FD	Nomination facility Automatic renewal option after maturity Part withdrawal facility on the deposits Avail loan

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Source: PNB official Website

Updated: 28/03/2019

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