PNB FD Interest Rates – Latest Deposit Rates & Interest Slabs

Key Takeaways
 

• PNB FD offers fixed and guaranteed returns based on the deposit tenure.
   
• Interest rates vary for individuals, senior citizens, and NRIs.
   
• Longer-term deposits generally earn higher interest compared to short-term deposits.
   

PNB FD offers attractive and secure interest rates for different deposit tenures, helping investors grow their savings steadily. The rates vary based on the deposit amount, tenure, and type of depositor.

For example, Rajesh invests ₹5 lakh in a 3-year PNB FD at 6.60% per annum. He earns guaranteed interest throughout the tenure, which is credited at maturity or periodically, depending on his choice.

This blog explains PNB FD interest rates, eligibility, tax implications, and the investment process, helping you make informed decisions for your savings.

PNB FD Interest Rates 2025

Punjab National Bank (PNB) offers fixed deposits with flexible tenures and different payout options to suit customer needs. Investors can choose between cumulative and non-cumulative options for steady or compounded returns.

PNB FD rates in 2025 provide safe returns, making them a secure option for both short-term and long-term investments.

Bonus Tip: Always compare PNB FD rates with other banks before investing to ensure you get the best returns for your chosen tenure.

Types of PNB FD Schemes

Punjab National Bank (PNB) offers a wide range of PNB FD schemes to help you save and grow your money securely. Each scheme caters to different needs, from recurring deposits to special term deposits.

• PNB Kalpnidhi (Recurring Deposit Scheme): Save monthly with guaranteed returns and flexible terms.
• PNB Kalpnidhi Plus (Flexi Recurring Deposit): Vary your monthly contribution as per your convenience.
• PNB PRANAM Recurring Deposit Scheme: Designed for systematic saving through recurring deposits.
• PNB Palaash Green Deposit: Eco-friendly fixed deposit option.
• Annuity Term Deposit for Road Accident Victims: Helps claimants deposit funds received from Motor Tribunals.
• PNB Uttam – Non Callable Deposit Scheme: Traditional recurring deposit option.
• PNB e-RD: Recurring deposit scheme available for internet banking users.
• Schemes Covered FD: Includes Multi-Benefit Term Deposit, Special Term Deposit, Ordinary Term Deposit, and PNB Sugam Term Deposit.
• PNB Anupam Term Deposit Scheme: Offers high-value deposits starting from Rs. 10,000.
• PNB Balika Shiksha Scheme: Helps educate girls passing Class VIII in Kasturba Gandhi Balika Vidyalayas.
• PNB Capital Gain Account Scheme: For crediting amounts from capital gains.
• PNB Tax Saver Fixed Deposit Scheme: Tax-saving deposits with a minimum investment of Rs. 100.
• PNB Mibor Linked, Floating Rate, Growth, Bulk, NRE & NRO Sugam Term Deposit Schemes: Provide specialised investment options for different customer needs.

PNB FD schemes provide secure, flexible, and goal-oriented savings options, making it easier to plan your finances effectively.

Features and Benefits of PNB FD 

PNB FD offers a safe and reliable way to grow your savings with assured returns and flexible options.

• Guaranteed Returns: Once you invest in a PNB FD, you are assured of receiving the stated interest rate at maturity. You can also use the FD calculator to estimate the maturity value.
• Higher Returns for Senior Citizens: PNB FD provides higher interest rates for senior citizens, usually 0.50% more than regular rates, making it a good option for a regular income.
• Flexible Tenure: You can choose PNB FD tenure from 7 days up to 10 years and even extend it at maturity based on your needs.
• Easy Liquidation: You can withdraw PNB FD funds before maturity by paying a small penalty. Some banks also offer loans against the deposit for emergencies.

With PNB FD, you get secure, flexible, and convenient investment options to plan your financial goals effectively.

Comparison of PNB FD Rates with Other Banks

Fixed deposits remain one of the safest ways to save and grow money. Different banks in India offer varied FD interest rates, so it is important to compare before investing. The following table shows how PNB FD and ICICI Bank FD rates stand against other major banks:

From this comparison, PNB FD offers competitive returns, especially for senior citizens, making it a safe and reliable option for investors looking for steady growth.

Eligibility Criteria and Required Documents for PNB FD Interest Rates

PNB FD is designed to accommodate a wide range of investors.

• Individuals can invest, including illiterate or blind persons.
   
• Joint accounts are allowed:
   
  • Between two adults
  • Between an adult and a minor
  • The deposit is payable to either holder or the survivor
     
• Hindu Undivided Families (HUFs) can open a PNB FD.
   
• For joint accounts, the tax deduction under Section 80C of the Income Tax Act is available only to the first holder.

By understanding the eligibility criteria, investors can confidently open a PNB FD and ensure their savings grow securely.

PNB FD offers a convenient way to invest with assured returns. To ensure a smooth Fixed Deposit opening process, PNB Housing has kept the documentation simple and straightforward for all investors.

For Resident Indians

To open a PNB FD, you need the following documents:

• One recent passport-size photograph
• Self-attested copy of PAN card
• Self-attested copy of Aadhaar Card, Voter ID, Driving Licence, Passport, or NREGA Card

For Non-Resident Indians (NRIs)

NRIs must submit the following documents for a PNB FD:

• Self-attested copies of passport (first and last four pages)
• Valid work permit/employment visa or residence visa/residence permit
• Valid address proofs (both Indian and overseas)

Opening a PNB FD is quick and hassle-free with these documents. Ensure you have the necessary proofs ready to enjoy a seamless investment experience with PNB FD.

Tax Implications on PNB FD

Interest earned on a PNB FD is subject to tax under the Income Tax Act. The tax is calculated based on annual accrual or actual receipt of interest, depending on the accounting method you follow.

PNB FD interest is liable for tax deduction at source as per the provisions of the Income Tax Act. The bank will deduct tax on the interest before crediting it to your account, ensuring compliance with government regulations.

These guidelines may be updated from time to time by PNB Housing’s Head Office, so it is important to stay informed. Investing in a PNB FD provides assured returns, but you should also consider the applicable tax implications while planning your finances.

PNB FD Premature Withdrawal and Closure Rates

PNB FD has a minimum lock-in period of 3 months for all types of deposits. If you wish to close your deposit prematurely, the interest rates vary depending on the duration completed:

• After three months but before six months: Individual depositors will receive a maximum interest of 4% per annum. Other categories of depositors will not earn any interest.
• After six months but before maturity: PNB FD will pay interest at a rate 1% lower than the rate applicable to the deposit for the period completed.
• If no rate is specified for the completed period, the interest will be 2% lower than the minimum rate at which deposits are accepted.

PNB FD also involves upfront brokerage paid to the company’s authorised agents. In case of premature withdrawal, the brokerage is adjusted for the period completed, and any excess paid will be recovered from the business partner’s payout.

By understanding these terms, investors can plan their PNB FD investments carefully while knowing the implications of early closure.

How to Invest in PNB FD?

Investing in a PNB FD is simple and convenient. By following the steps below, you can quickly complete your application and secure your fixed deposit with PNB Housing.

Step 1: Click on the "Contact Us for Deposits" button.

Step 2: Provide your contact details and the amount you wish to deposit.

Step 3: PNB Housing will get in touch with you to collect the required documents. Within 48 hours, your PNB FD will be booked and confirmed.

By following this process, you can start earning assured returns with PNB FD without any hassle. PNB Housing ensures a smooth and secure investment experience for every depositor.

Conclusion

PNB FD offers a safe and reliable way to grow your savings with assured returns. By understanding the interest rates, eligibility, tax implications, and withdrawal rules, you can plan your investment wisely. 

Investing in a PNB FD is straightforward, secure, and helps you achieve your financial goals with confidence.

FAQ’s

1. Who can open a PNB FD?
Individuals, including illiterate and visually impaired persons, can open a PNB FD.

2. Can I open a joint PNB FD account?
Yes, you can open a joint account with either two adults or an adult and a minor.

3. Who can receive the deposit in a joint account?
The deposit can be payable to either of the holders or to the surviving holder.

4. Can Hindu Undivided Families (HUFs) invest in PNB FD?
Yes, HUFs are eligible to open a PNB FD.

5. Who gets the tax deduction under Section 80C in a joint account?
The tax deduction is available only to the first holder of the joint deposit.
 

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