Your Investment
After 3 Years, You will earn
₹ 123143.93
and ₹ 23143.93 as interest
Total Investment
Total Interest
PNB fixed deposit refers to a financial product offered by Punjab National Bank (PNB), where individuals can deposit a specific amount of money for a fixed duration at a predetermined interest rate. The deposited amount and the accrued interest are returned to the depositor upon maturity.
In PNB, you get the benefit of interest on FD, which has a compounding effect. Hence, the total paid interest on a cumulative FD upon maturity is on the higher side than the interest paid monthly/quarterly on a non-cumulative FD of the same amount, assuming the same interest rate per annum for both.
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In PNB, you get the benefit of interest on FD that has the compounding effect. Hence, the total paid interest on a cumulative FD upon maturity would certainly be on the higher side in comparison to the interest paid monthly/quarterly on a non-cumulative FD of the same amount assuming the same rate of interest per annum for both.
PNB Bank on opening a FD offers the below given rates:
| Tenure | FD Rates (p.a.) | Senior Citizen FD Rates (p.a.) |
|---|---|---|
7 days to 14 days | 3.50% | 4.00% |
15 days to 29 days | 3.50% | 4.00% |
30 days to 45 days | 3.50% | 4.00% |
46 days to 90 days | 4.50% | 5.00% |
91 days to 179 days | 4.50% | 5.00% |
180 days to 270 days | 5.50% | 6.00% |
271 days to less than a year | 5.80% | 6.30% |
1 year | 6.75% | 7.25% |
above 1 year to 443 days | 6.80% | 7.30% |
444 days | 7.25% | 7.75% |
445 days to 665 days | 6.80% | 7.30% |
666 days | 7.05% | 7.55% |
667 days to 2 years | 6.80% | 7.30% |
Above 2 years and up to 3 years | 7.00% | 7.50% |
Above 3 years and up to 5 years | 6.50% | 7.00% |
Above 5 years and up to 10 years | 6.50% | 7.30% |
Note: The offered rate of interest on bank FD is subject to chance. Hence, investors are advised to check the current rate of interest at the time of opening your FD account in PNB. effective from April 1, 2023, to June 30, 2023
Deposit Amount
Tenure of Deposit
405 Days
Eligibility
Maturity Option
Yes
Auto Renewal
No
Premature Withdrawal of Deposit
Yes
Deposit Amount
A minimum deposit of Rs.100/- and thereafter in multiples of Rupee one (Rs.1/-) with maximum amount of Rs.1,99,99,999/- (less than 2 crores).
Period of Deposit
1111 Days
Interest
Presently 5.75%
As per guidelines issued by HO: IRMD, ALM Cell from time to time. Interest is compounded quarterly and is payable on maturity of the deposit.
Eligibility
Auto Renewal
No
Maturity Option
The interest shall be compounded on quarterly basis and is payable on maturity of deposit. The interest inflow in the account shall be on every calendar quarter end i.e., 31/3, 30/6, 30/9 & 31/12.
• The incomplete quarter of such deposit shall be reckoned at the end, for the purpose of calculation of interest
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