PNB RD Interest Rates – Updated Guide

Key Takeaways

• You can start your savings at just ₹100 per month with Punjab National Bank’s Recurring Deposits. 
   
• PNB offers you highly competitive interest rates that currently go up to 7.25% for the general public. 
   
• You also get the PNB RD benefit of flexible tenures ranging from 6 months to 10 years to suit your needs.

Do you also want to start saving for your future now? If you save a little every month, you can easily build a large amount for your big expenses, like a wedding or a new car.

A PNB Recurring Deposit is a product where you deposit a fixed sum of money every month for a pre-determined period. During this time, PNB provides you with a fixed interest rate on your total deposited amount. 

I deposited ₹5,000 every month in PNB RD account for 2 years at an interest rate of 6.80%. I will get a maturity amount of approximately ₹1,28,830. This ensures that you earn a stable return on your monthly savings without any market risk. You can use a PNB RD interest rates calculator to check your potential returns before you start. 

PNB RD Interest Rates Based on Tenure

The interest you earn depends heavily on the time period you choose for your deposit. PNB offers different slabs, and the PNB RD interest rates 2025 are structured to reward you more for specific medium-term durations. 
 

The PNB RD interest rates for 5 years currently offer you a steady return of 6.50% per annum. If you choose a shorter tenure, like 400 days, you can earn the highest rate of 7.25% for your savings. Pick the right tenure based on the PNB RD interest rates 2025.

PNB RD Interest Rates for Senior Citizens

PNB offers extra benefits to those who are above the age of 60. The PNB RD interest rates for senior citizens are usually 0.50% higher than the rates offered to the general public. If you are a super senior citizen over 80 years old, you get an even higher benefit of 0.80% extra interest. 
 

The PNB RD interest rates 2024 for senior citizens were also very high, and the current rates continue to provide great value. This extra income can be a significant help in managing post-retirement expenses.

PNB RD Key Highlights (Features and Benefits)

You should explore the various features that make this PNB RD scheme a popular choice for many savers. 
 

These highlights prove that you do not need a huge sum of money to start growing your money for the future.

Bonus Tip: PNB revised interest rates on select long-term deposits by up to 25 basis points (0.25%), with rates going up to around 7.25% on certain tenures. It is important to check the latest rates before choosing your RD tenure.

Types of PNB Recurring Deposit Accounts

You can choose from different types of RD accounts based on your specific professional or personal requirements. PNB provides options like the e-RD for those who prefer managing everything digitally without visiting a branch. 
 

If you are an employee of a government or private institution, you might be eligible for the Special RD scheme. This scheme is very helpful as it often waives the penalty if you miss a monthly payment. You should evaluate these options to see which one fits your lifestyle the best.

PNB RD Tenure & Minimum Deposit

You can start your investment with a very small amount, making it a great habit for students and early earners. PNB requires a minimum deposit of only ₹100, and you can increase this in multiples of 1. You have the freedom to choose a tenure of 6 months to 120 months.
 

You cannot change the monthly amount once you have started the account. You should use a PNB RD interest rates calculator to plan your monthly budget accurately and determine if the PNB RD interest rates for 5 years or a shorter plan fits you better.

Conclusion

PNB RD is a safe and easy way to save money regularly. You can start with a small amount and choose a tenure that matches your goals. The interest rates are favourable, and senior citizens get extra benefits. A PNB Recurring Deposit is a practical option to grow your money over time if you want stable returns without any risk.

FAQs on PNB RD Interest Rates 

1. How do I close a PNB RD account online?

You currently cannot close a PNB RD account completely online via the app or net banking. You must visit your home branch to submit a closure form along with your ID proof and passbook.

2. Can I open more than one RD account in PNB?

Yes, you can open multiple RD accounts in PNB at the same time for different goals. There is no limit on the number of accounts as long as you meet the minimum deposit criteria for each.

3. Is PNB RD reliable nowadays?

Yes, PNB is a leading public sector bank in India, making it a very safe and reliable choice for your savings. Your deposits are protected and offer guaranteed returns regardless of market fluctuations.

4. Is it true that PNB RDs create better saving habits than other tools? 

Yes, because the monthly amount is deducted automatically from your account via standing instructions. This forces you to save before you spend, which effectively prevents overspending and builds a strong corpus.

5. Does PNB allow you to take a loan against your RD account?

Yes, you can take a loan or an overdraft facility of up to 90% of the balance available in your PNB RD. This is a great way to handle emergencies without breaking your entire deposit.