| Punjab National Bank Fixed Deposit Interest Rates | |
|---|---|
| Minimum Deposit Amount | Rs. 1,000 |
| Tenure | 7 days to 10 years |
| Interest Rate |
|
Punjab National Bank Fixed Deposit Interest Rates for Domestic/NRO FDs less than Rs. 2 crores are between 2.90% and 5.25% for the general public. The same for senior citizens is from 3.40% to 5.75%. The interest rate for domestic/NRO deposits of Rs. 2 crores to Rs. 10 crores for the general public are 2.90% to 3.50%. The same for NRE TDs less than Rs. 2 crores are from 5.00% to 5.25%. The rate for NRE FDs of Rs. 2 crores to Rs. 10 crores are 3.50%.
The interest rate for PNB Tax Saver FD for the general public, senior citizens, and staff/ex-staff members are 5.25%, 5.75%, and 6.25%, respectively. PNB interest rates for domestic FD of over Rs. 15 lakhs to less than Rs. 2 crores are 3.85% to 5.30%. PNB Rate for domestic fixed deposits of Rs. 2 crores to Rs. 5 crores are 3.05% to 3.55%.
In this post, we will discuss the PNB Fixed Deposit Interest Rate based on the term deposit types and a few frequently asked questions.
Here is more information about the PNB Term Deposits:
Here are the details for the said Punjab National Bank Fixed Deposit rates:
| Domestic/NRO TD Less Than Rs.2 Cr. | Domestic/NRO TD Rs. 2 Cr to Rs. 10 Cr | NRE TD Less Than Rs.2 Cr. | NRE TD of Rs.2 Cr. To Rs. 10 Cr. | PNB Tax Saver FD | ||||
|---|---|---|---|---|---|---|---|---|
| Tenure | ROI (% p.a.) | A.Y. | For Senior Citizen ROI | ROI (% p.a.) | A.Y. | ROI (% p.a.) | ROI (% p.a.) | ROI (% p.a.) |
| 7 to 14 days | 2.90 | 2.90 | 3.40 | 2.90 | 2.90 | NA | NA | NA |
| 15 to 29 days | 2.90 | 2.90 | 3.40 | 2.90 | 2.90 | NA | NA | NA |
| 30 to 45 days | 2.90 | 2.90 | 3.40 | 2.90 | 2.90 | NA | NA | NA |
| 46 to 90 days | 3.25 | 3.25 | 3.75 | 3.00 | 3.00 | NA | NA | NA |
| 91 to 179 days | 3.80 | 3.80 | 4.30 | 3.00 | 3.00 | NA | NA | NA |
| 180 days to 270 Days | 4.40 | 4.42 | 4.90 | 3.00 | 3.01 | NA | NA | NA |
| 271 days to less than 1 year | 4.40 | 4.45 | 4.90 | 3.00 | 3.02 | NA | NA | NA |
| 1 year | 5.00 | 5.09 | 5.50 | 3.50 | 3.55 | 5.00 | 3.50 | NA |
| Over 1 year and up to 2 years | 5.00 | 5.09 | 5.50 | 3.50 | 3.55 | 5.00 | 3.50 | NA |
| Over 3 years and up to 5 years | 5.25 | 5.65 | 5.75 | 3.50 | 3.67 | 5.25 | 3.50 |
|
| Over 5 years and up to 10 years | 5.25 | 5.65 | 5.75 | 3.50 | 3.67 | 5.25 | 3.50 |
|
Here are more details on the PNB FD interest rates:
| Domestic Deposit of Over Rs. 15 Lakhs to Less than Rs. 2 Crores | ||
|---|---|---|
| Tenure | ROI (% p.a.) | A.Y. |
| 91 to 179 days | 3.85 | 3.85 |
| 180 days to 270 Days | 4.45 | 4.47 |
| 271 days to less than 1 year | 4.45 | 4.50 |
| 1 year | 5.05 | 5.15 |
| Over 1 year and up to 2 years | 5.05 | 5.15 |
| Over 2 years and up to 3 years | 5.15 | 5.39 |
| Over 3 years and up to 5 years | 5.30 | 5.70 |
| Over 5 years and up to 10 years | 5.30 | 6.02 |
Here is more information on the PNB FD Interest Rate for the said deposits:
| Domestic Deposit of Rs. 2 Crores to Rs. 5 Crores | ||
|---|---|---|
| Tenure | ROI (% p.a.) | A.Y. |
| 91 to 179 days | 3.05 | 3.05 |
| 180 days to 270 Days | 3.05 | 3.06 |
| 271 days to less than 1 year | 3.05 | 3.07 |
| 1 year | 3.55 | 3.60 |
| Over 1 year and up to 2 years | 3.55 | 3.60 |
| Over 2 years and up to 3 years | 3.55 | 3.66 |
| Over 3 years and up to 5 years | 3.55 | 3.73 |
| Over 5 years and up to 10 years | 3.55 | 3.87 |
Here are the Punjab National Bank Fixed Deposit Interest Rate FAQs:
This is a type of short-term bank deposit. 0.50% per annum is applicable for the FD of 1 year. 0.60% is applicable if the tenure of the deposit is over 1 year and up to 2 years. And 0.75% is the rate applicable on deposits with tenure over 2 years and up to 3 years.
The rate applicable for long-term government deposits is 2.50% per annum. The same for medium-term government deposits is 2.25%.
For long-term FD ranging from 5-to 10 years, the rate is 5.25%. The same is 5.10% to 5.25% for medium-term FDs ranging from 1 year to less than 5 years. The rate for short-term FDs ranging from 7 days to less than 1 year is 2.90% to 4.40% per annum.
The additional rate of interest for senior citizens is 50 bps above the standard rates for all the domestic deposits of less than Rs. 2 crores. The maximum interest rate for staff members and retired staff of the bank is 150 bps, excluding the PNB Tax Saver FD Scheme. In the latter scheme, the preferential rate is 100 bps over the applicable card rate.
Preferential rates are not applicable on NRO Deposits for senior citizens. The same is only applicable for senior citizens under domestic deposits. Similarly, the rates for deposits amounting to Rs. 2 crores to Rs. 10 crores do not apply the additional interest for staff accounts as well as that for senior citizens.
