| Deposit Amount Range | Tenure Range | Interest Rate |
| Up to ₹1Cr | 1 Year to 10 Years |
6.5% - 6.75% (Quarterly Compounding) |
Features: Premature withdrawal
Online facilities
Tax savings
NRO deposit friendly
- Indian & overseas Address proof
- Self attested photocopies of Passport and Valid work permit / employment visa/ residency card
- Loans can be obtained against the deposit amount
Credit Rating: CRISIL AAA
Number of Nominees: 1
Institution type: Public Sector Bank
PNB Fixed Deposit interest rates: Rs.2 crore to Rs.10 crore
| Tenure bracket | Regular FD rates (per annum) | Senior Citizens FD rates (per annum) |
|---|---|---|
|
7 to 14 days |
6.00% |
N/A |
|
15 to 46 days |
6.25% |
N/A |
|
46 to 90 days |
6.55% |
N/A |
|
91 to 270 days |
6.50% |
N/A |
|
111 days |
6.50% |
N/A |
|
222 days |
6.60% |
N/A |
|
271 days to 1 year |
6.50% |
N/A |
|
333 days |
7.10% |
N/A |
|
12 months |
6.75% |
N/A |
|
555 days |
6.85% |
N/A |
|
12 months 1 day to 36 months |
6.50% |
N/A |
|
36 months 1 day to 120 months |
6.25% |
N/A |
*The PNB FD interest rates tend to change at the discretion of the bank. The interest rates given here are valid as of March 2019.
Highlights of PNB FD Rates: Below Rs 2 Crore
- Range of rates available for FD schemes: 5.75% p.a. to 6.60% p.a.
- Highest PNB FD rate is 7.10% p.a.
- PNB Tax Saver FD rate: 6.25% p.a.
- Highest PNB Uttam deposit scheme: 7.15% p.a.
| Depositors | ||
|---|---|---|
| Tenure range | ||
| 60 months | Above 60 months to 120 months | |
|
General Public |
6.25% |
6.25% |
|
Senior Citizens |
6.75% |
6.75% |
|
IDBI Bank Employees |
7.25% |
7.25% |
|
Retired IDBI Bank employees |
7.25% |
7.25% |
*The PNB Tax Saver FD interest rates tend to change at the discretion of the bank. The interest rates given here are valid as of March 2019.
PNB Uttam Term Deposit rates: Above Rs.15 lakh to Rs.2 crore
| Tenure bracket | Regular FD rates (per annum) | Senior Citizens FD rates (per annum) |
|---|---|---|
|
91 to 179 days |
6.40% |
N/A |
|
111 days |
6.55% |
N/A |
|
180 to 270 days |
6.40% |
N/A |
|
222 days |
6.65% |
N/A |
|
271 days to 1 year |
6.40% |
N/A |
|
333 days |
7.15% |
N/A |
|
12 months |
6.80% |
N/A |
|
555 days |
7.00% |
N/A |
|
12 months 1 day to 36 months |
6.80% |
N/A |
|
36 months 1 day to 60 months |
6.30% |
N/A |
|
60 months 1 day to 120 months |
6.30% |
N/A |
*The PNB Uttam FD rates tend to change at the discretion of the bank. The interest rates given here are valid as of March 2019.
PNB Uttam Fixed Deposit rates: Rs.2 crore to Rs.10 crore
| Tenure bracket | Regular FD rates (per annum) | Senior Citizens FD rates (per annum) |
|---|---|---|
|
91 to 270 days |
6.55% |
N/A |
|
111 days |
6.55% |
N/A |
|
222 days |
6.65% |
N/A |
|
271 days to 1 year |
6.55% |
N/A |
|
333 days |
7.15% |
N/A |
|
12 months |
6.80% |
N/A |
|
555 days |
7.00% |
N/A |
|
12 months 1 day to 36 months |
6.55% |
N/A |
|
36 months 1 day to 60 months |
6.30% |
N/A |
|
60 months 1 day to 120 months |
6.30% |
N/A |
*The PNB Uttam FD rates tend to change at the discretion of the bank. The interest rates given here are valid as of March 2019.
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 |
|
| Documents Required |
|
| Benefits of a PNB FD |
|
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Source: PNB official Website
Updated: 28/03/2019
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