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Punjab National Bank Fixed Deposit (FD) Interest Rates
Features of Punjab National Bank FD
Interest rates (p.a)3.50% - 7.75%
Minimum deposit ₹1,000
Maximum deposit ₹1 Cr
Lock-in 
12 months
12 months
Tenure 1 yr - 10 yrs
Senior citizen 
Extra 0.75% p.a.
Extra 0.75% p.a.
FD Calculator
Deposit Amount
Min. ₹1,000, Max. ₹1 Cr
Interest Payout
Deposit Tenure
Min. 1 yr, Max. 10 yrs
Monthly Income
Min. ₹1,000, Max. ₹1,000
Interest Payout
Deposit Tenure
Min. 1 yr, Max. 10 yrs
You need to invest in total
₹26,662 
in Punjab National Bank@ 5.39%
Punjab National Bank FD Interest Rate 2023
| Tenure | General Public FD Rate | Senior Citizens FD Rate |
|---|---|---|
| 7 to 14 days | 3.50% | 4.00% |
| 15 to 29 days | 3.50% | 4.00% |
| 30 to 45 days | 3.50% | 4.00% |
| 46 to 90 days | 4.50% | 5.00% |
| 91 to 179 days | 4.50% | 5.00% |
| 180 days to 270 Days | 5.50% | 6.00% |
| 271 days to less than 1 year | 5.80% | 6.30% |
| 1 year | 6.75% | 7.25% |
| >1Year to 443 Days | 6.80% | 7.30% |
| 444 Days | 7.25% | 7.75% |
| 445 Days to 2 Years | 6.80% | 7.30% |
| above 2 year & upto 3 years | 7.00% | 7.50% |
| above 3 year & upto 5 years | 6.50% | 7.00% |
| above 5 years & upto 10 years | 6.50% | 7.30% |
Fixed Deposit Interest Rates Comparison 2023
| Name | Interest rate (p.a.) | Tenure | Min. deposit | |
|---|---|---|---|---|
 Bajaj Finance Ltd. |
7.11% - 8.60% |
1 - 5yrs
|
₹50,000 |
Deposit Now |
 SBI Bank |
3.00% - 7.60% |
1 - 10yrs
|
₹1,000 |
View details |
 ICICI Bank |
3.00% - 7.60% |
1 - 10yrs
|
₹10,000 |
View details |
 Axis Bank |
3.50% - 7.95% |
1 - 10yrs
|
₹5,000 |
View details |
 HDFC Bank |
3.00% - 7.75% |
1 - 10yrs
|
₹5,000 |
View details |
 Bank of Baroda |
3.00% - 7.75% |
1 - 10yrs
|
₹1,000 |
View details |
 IDFC Bank |
3.50% - 8.00% |
1 - 10yrs
|
₹10,000 |
View details |
 Kotak Mahindra Bank |
2.75% - 7.70% |
1 - 10yrs
|
₹5,000 |
View details |
 Canara Bank |
4.00% - 7.75% |
1 - 10yrs
|
₹1,000 |
View details |
 Yes Bank |
3.25% - 8.25% |
1 - 10yrs
|
₹10,000 |
View details |
 IndusInd Bank |
3.50% - 8.25% |
1yr - 5yrs 1m
|
₹10,000 |
View details |
| Punjab National Bank |
3.50% - 7.75% |
1 - 10yrs
|
₹1,000 |
View details |
 IDBI Bank |
3.00% - 7.30% |
1 - 20yrs
|
₹10,000 |
View details |
 Union Bank |
3.00% - 7.75% |
1 - 10yrs
|
₹1,000 |
View details |
 Citibank |
3.50% - 7.95% |
1 - 5yrs
|
₹1,000 |
View details |
 RBL Bank |
3.50% - 8.30% |
1 - 10yrs
|
₹1,000 |
View details |
 Indian Bank |
2.80% - 7.20% |
1 - 10yrs
|
₹1,000 |
View details |
About Punjab National Bank
Punjab National Bank began its operations on 12th April 1895 from Lahore with a working capital of ₹20,000 and authorized capital of ₹2 lakh. As of 30th June 2020, it is the second-largest public sector bank in India. With effect from 1st April 2020, United Bank of India and Oriental Bank of Commerce amalgamated with PNB thereby accelerating its growth and establishing a stronger foothold. Besides PNB Fixed Deposit Scheme, the bank offers financial services such as industrial finance, corporate and personal banking, agricultural finance, and more. Additionally, it offers housing and education loans.
Benefits of PNB Fixed Deposit
Frequently asked questions
The following persons can open an FD account with PNB and benefit from PNB Fixed Deposit interest rates.
- Individual (singly or jointly with others)
- Hindu Undivided Family (HUF)
- Partnership Firms
- Proprietorship Firms
- Company/Corporate Body and Commercial Organisations
- Minors who are 10 years old or above in their own name on giving proof of age
- Educational institutions / Charitable organisations / Trusts / Clubs / Society / Associations
- Blind and illiterate persons can also open an FD account
Deposits for ₹10,000 and above on written request are eligible for an overdraft facility or demand loan.
The minimum period for which you can open an FD is 7 days while the maximum period goes up to as long as 10 years. Even after the term ends, there is an option for auto-renewal except for recurring deposit scheme, bulk term deposits over ₹10 crore, inter-bank deposits, capital gain scheme, and PNB Tax Saver Scheme.
PNB Bank FD interest rate depends on the tenure of the fixed deposit and the scheme you have invested in. Interest rates are fixed based on the card rate applied by the bank. For a regular term deposit, PNB fixed deposit rates are in the range of 3% to 5.25%. Senior citizens are eligible to earn 0.75% more.
No, PNB does not allow its customers to withdraw from their fixed deposits before it matures. However, in exceptional circumstances, the bank may allow premature withdrawal subject to a penalty. Such a penalty will be communicated to the customer before the closure of the FD. In this case, the Punjab National Bank FD rate will be paid after subtracting the penalty.
As per the latest provisions of the Income Tax Act 1961, if the total interest on the fixed deposits exceeds ₹10,000 in a financial year, the bank deducts TDS on such income. If you wish to avoid paying TDS, you can submit Form 15G (Form 15H in case of senior citizens) at the start of the year to the bank.
Interest payout
Interest payout
You need to invest in total
₹26,662
in Punjab National Bank
@ 5.39% p.a.
ET Money does not offer investment options with Punjab National Bank fixed deposit,