PNB Fixed Deposit Schemes, Rates and How to Apply

Starting its journey on April 12th 1895, Punjab National Bank is India’s first Swadeshi bank and one of the largest public sector banks today. Over the years, multiple banks have been merged with PNB, strengthening its nationwide presence. As of recent updates, PNB continues to operate thousands of branches and ATMs across India and abroad, serving millions of customers.

It is among the leading public sector banks with a strong global business presence and continues to support financial growth through various initiatives and customer-focused services.

PNB offers a wide range of fixed deposit options, including PNB special fixed deposit schemes in 2026 that provide higher interest rates, flexible tenures, and additional benefits for different categories of investors. Keep reading to explore detailed information about PNB FD interest rates and special FD schemes.

PNB FD Interest Rates 2026

What are PNB Special FD Schemes 2026?

Punjab National Bank offers multiple special FD schemes in 2026 designed to provide higher returns, flexibility, and specific benefits to different investors.

• PNB 444 Days Special FD: This is the highest interest offering scheme with rates up to 6.60% for general citizens, 7.10% for senior citizens, and 7.40% for super senior citizens.
• PNB 390 Days FD: A balanced tenure scheme providing stable returns for short-term investors.
• PNB Uttam Non-Callable FD: Offers higher interest rates compared to regular FDs but does not allow premature withdrawal. The minimum investment starts at ₹15 lakh.
• PNB Palaash Green Deposit: A sustainability-focused FD scheme where funds are used for eco-friendly projects.
• PNB Tax Shield FD: A 5-year tax-saving FD that allows a deduction up to ₹1.5 lakh under Section 80C.
• PNB Double Deposit Scheme: Designed to double your investment over time through compounding.
• PNB Pranam Scheme: Special FD scheme for individuals aged 55 years and above with additional benefits after 60.

Features and Benefits of PNB Special Fixed Deposit Schemes

Before investing your money in any FD scheme, it is wise to go through the PNB FD rates as well as features and benefits. The features and benefits are:

Senior citizens can earn an additional 0.50% and super senior citizens can earn up to 0.80% extra interest under PNB special FD schemes.

• PNB special FD schemes offer flexible payout options such as monthly, quarterly, half-yearly, annually or at maturity.
• A nomination facility is available with most of the PNB special FD schemes.
• Loan or overdraft facility is available on most PNB special FD schemes for liquidity up to 90% of deposit value.
• Premature withdrawal facility is available in most callable schemes with a penalty of around 1%, except non-callable and tax saver FDs.
• Auto-renewal option is available to ensure uninterrupted investment.

How to Book PNB Special FD Schemes?

Punjab National Bank offers you the option to open a fixed deposit both online as well as offline. Let us take a look at how you can invest in the schemes online and offline.

Online 

There are two ways by which you can invest in any PNB FD scheme online - Internet Banking and PNB mobile app.

Internet Banking

• Visit the official website of PNB and click on the Internet Banking option.
• Choose Retail or Corporate Internet Banking.
• Log in using User ID and Password.
• Select Deposits → Fixed Deposit.
• Enter FD details like amount, tenure, and scheme.
• Submit the form and confirm payment.
• FD will be created after verification.

Mobile App

• Download PNB ONE app.
• Log in using credentials.
• Click on Open FD.
• Enter deposit details.
• Submit and upload documents.
• FD will be created after verification.

Offline 

• Visit the nearest PNB branch.
• Collect FD form.
• Fill and submit with documents.
• Deposit amount.
• Receive FD receipt after verification.

Documents Required to Book PNB Special FD Schemes

To invest in PNB special fixed deposit schemes, you need to submit the following documents at the time of application:

• Proof of Identity like Aadhaar card, PAN card, voter ID, driving licence, passport, or any other valid KYC-approved document
• Proof of Address like Aadhaar card, passport, utility bills (electricity/telephone), bank statement, or other valid address proof
• Two recent passport-size photographs for identity verification
• PAN card is mandatory for tax purposes, or you can submit Form 60/61 if PAN is not available
• For HUFs, firms, companies, trusts, or institutions, additional documents such as partnership deed, incorporation certificate, and authorised signatory proofs are required
• For NRIs self-attested passport copy, valid visa, overseas address proof, and Indian address proof (if applicable)

Eligibility to Open PNB Special FD Schemes

The following individuals and entities are eligible to open and invest in PNB special FD schemes:

• Resident individuals can open fixed deposit accounts either singly or jointly
• Hindu Undivided Families (HUFs), partnership firms, sole proprietorships, companies, trusts, institutions, and societies are eligible
• Minors can also open a fixed deposit account under the supervision of a parent or legal guardian
• Senior citizens (60 years and above) and super senior citizens (80 years and above) are eligible for additional interest benefits
• Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) can invest through NRE, NRO, and FCNR deposit schemes

Types of PNB FD Schemes

PNB offers multiple schemes that aim to cater to different customers and have different PNB fixed deposit interest rates. Let us take a look at the details of all these schemes and then choose the scheme that suits our needs the most:

1. PNB Ordinary Term Deposit Scheme

PNB offers this term deposit scheme for every Indian citizen. This includes individuals, whether singly or jointly, minors who have attained the age of 10 years, different firms and corporate bodies, Hindu Undivided Family, government bodies, associations, institutions, and illiterate and blind people. In case you deposit above ₹10,000, you can opt for the loan against the FD facility as well. 

• Minimum Deposit: ₹100 (thereafter in multiples of ₹1)
• Maximum Deposit: ₹1,99,99,999
• Tenure: 7 days to 179 days
• Interest Rate: 3.50% to 5.30% (including super senior citizens)
• Eligibility: Indian residents

2. PNB Uttam-Non-Callable Deposit Scheme

This is a great scheme to invest in if you are planning to invest a huge sum of money. The scheme is available in income and maturity options and comes with unique PNB FD rates in 2023. In the case of the income option, the interest payment will be done on a monthly/quarterly/half-yearly/yearly basis. In the case of the maturity option, it will be compounded yearly, and you can receive it only after maturity.

• Minimum Deposit: ₹15 lakhs (thereafter in multiples of ₹1)
• Maximum deposit: No limit specified
• Tenure: 91 days to 10 years
• Interest Rate: 4.55% to 8.10% (including super senior citizens)
• Eligibility: Indian residents

3. PNB Anupam Term Deposit Scheme

The PNB Anupam Term Deposit scheme is available to individuals, associations, partnership firms, sole proprietary concerns, trusts, limited companies etc. Payment of interest is done in the month of March/June/September/December each year.

• Minimum Deposit: ₹10,000
• Maximum Deposit: ₹1,99,99,000
• Tenure: 6 months to 10 years
• Interest Rate: 5.50% to 8.05% (including super senior citizens)
• Eligibility: Indian residents

4. PNB Multi-Benefit Term Deposit Scheme

This scheme offers a great opportunity to start saving with an amount as small as ₹100. Interest is compounded on a quarterly basis and is paid on the maturity of the deposit. The interest inflow takes place at the end of each quarter.

• Minimum Deposit: ₹100 (thereafter in multiples of ₹1)
• Maximum Deposit: ₹1,99,99,999
• Tenure: 6 months to 10 years
• Interest Rate: 5.50% to 8.05% (including super senior citizens)
• Eligibility: Indian residents

5. PNB Special Term Deposit Scheme

This term deposit scheme offers different benefits for people who invest in it and comes with unique PNB bank FD rates. If you invest more than ₹10,000 in this scheme, you would be eligible for a loan against FD/overdraft facility. 

• Minimum Deposit: ₹1000 (thereafter in multiples of ₹1000)
• Maximum Deposit: ₹1,99,99,000
• Tenure: 1 year to 10 years
• Interest Rate: 6.75% to 8.05% (including super senior citizens)
• Eligibility: Indian residents

6. PNB Sugam Term Deposit Scheme

This scheme offers multiple benefits such as premature withdrawal, a loan against FD/overdraft as well a conversion facility. All the people and entities who are eligible for the PNB Ordinary, Multi Benefit and Special Term Deposit are eligible for this scheme as well.

• Minimum Deposit: ₹10,000 (thereafter in multiples of ₹1)
• Maximum Deposit: ₹10 lakhs (per customer)
• Tenure: 46 days to 10 years
• Interest Rate: 4.50% to 8.05% (including super senior citizens)
• Eligibility: Indian residents

7. PNB Tax Shield Fixed Deposit Scheme

If you are planning to save some tax on your income, there is no scheme better than the PNB Tax Shield Fixed Deposit Scheme. According to Section 80C of the Income Tax Act 1961, people who invest in this scheme get a tax deduction of up to ₹1.5 lakh. In the case of interest payment, you get to choose either the income or maturity option.

• Minimum Deposit: ₹100 (thereof in multiples of ₹100)
• Maximum Deposit: ₹1.50 lakh (every financial year)
• Tenure: 5 years
• Interest Rate: 6.50% (for the general public) and 7.00% (for senior citizens)
• Eligibility: Indian residents

8. PNB Pranam Fixed Deposit Scheme

PNB Pranam is an exclusive scheme for senior citizens and comes with exclusive PNB fixed deposit rates. If you have attained the age of 55 years, you can invest in this scheme. This scheme comes with a number of benefits like premature withdrawal, etc. For interest payout options, you can choose from income and maturity options.

• Minimum Deposit: ₹100 (thereof in multiples of ₹1)
• Maximum Deposit: ₹1,99,99,999
• Tenure: 1 year to 10 years
• Interest Rate: 6.75% to 8.05% (including super senior citizens)
• Eligibility: Indian residents

9. PNB Mibor Linked Notice Deposit Scheme

This scheme offers a deposit product that has a Market-determined interest rate linked to the Mumbai Internet Bank Offer Rate. The scheme is exclusively available to high-net-worth individuals, public sector undertakings, companies or corporate bodies and commercial organisations.

• Minimum Deposit: ₹10 crores (thereof in multiples of ₹1)
• Maximum Deposit: No limit specified
• Tenure: 7 days to 60 days
• Interest Rate: Starting from 6.00%
• Eligibility: Indian residents

10. PNB Growth Fixed Deposit Scheme

If you are planning to grow your money in a safe way, you can invest in this scheme. The eligibility criteria for this scheme are similar to ordinary term deposits. You get to choose your period of deposit and interest option between income and maturity. Conversion, partial withdrawal, and overdraft facilities are also available under this scheme.

• Minimum Deposit: ₹2 crores (thereof in multiples of ₹1)
• Maximum Deposit: ₹10 crores
• Tenure: 7 days to 10 years
• Interest Rate: 5.60% to 7.00% (callable) and 5.65% to 7.05% (non-callable)
• Eligibility: Indian residents

11. PNB Bulk Fixed Deposit Scheme

As the name suggests, the PNB Bulk Fixed Deposit scheme is suitable for big-figure investments. NRE, NRO, FCNR(B) and Interbank deposits can be included under this scheme if the amount is high. You can choose either the income or maturity option while deciding the period of deposit and interest option.

• Minimum Deposit: ₹10 crores (for single deposit), ₹2 crore (for interbank deposit)
• Maximum Deposit: No limit specified
• Tenure: 7 days to 10 years
• Interest Rate: No data available
• Eligibility: Indian residents

12. PNB NRE Rupee Sugam Term Deposit Scheme

NRE, or Non-Resident External, is a type of scheme that helps you to invest your foreign earnings in Indian denominations. The biggest benefit of this scheme is that the deposit is tax-free. Interest is compounded quarterly, and you can choose the payment of interest at your convenience.

• Minimum Deposit: ₹10,000
• Maximum Deposit: No limit specified
• Tenure: 1 year to 10 years
• Interest Rate: 6.50% to 7.25% (for deposits less than ₹2 crores) and 5.60% to 7.00% (for deposits of ₹2 crores to ₹10 crores)
• Eligibility: Non-Resident Indians

13. PNB NRO Sugam Term Deposit Scheme

If you are a Non-Resident Indian who has a number of sources of income in India, you can opt for this scheme to invest your Indian income in an Indian denomination. This scheme offers a nomination facility, premature withdrawal, loan against FD/overdraft etc.

• Minimum Deposit: ₹10,000
• Maximum Deposit: ₹10 crores
• Tenure: 46 days to 10 years
• Interest Rate: 3.50% to 7.25% (for deposits below ₹2 crores) and 5.60% to 7.00% (for deposits of ₹2 crores to ₹10 crores)
• Eligibility: Non-Resident Indians

14. PNB FCNR(B) Deposit Scheme

FCNR stands for Foreign Currency Non-Resident Account and is a type of deposit that lets you invest your foreign earnings in foreign currency. This protects your money from exchange rate fluctuations. The principal, along with the interest, is freely repatriable in the currency you choose.

• Minimum Deposit: No data available
• Maximum Deposit: No data available
• Tenure: 1 year to 5 years
• Interest Rate: 4.31% to 5.76% (for USD)
• Eligibility: Non-Resident Indians

15. PNB RFC Deposit Scheme

RFC, or Resident Foreign Currency account, is a type of deposit scheme that lets Non-Resident Indians who are returning to India invest their foreign earnings in foreign currency. Therefore, you can invest your money in any branch of PNB that is authorised to handle foreign exchange business and make the most of the scheme.

• Minimum Deposit: No data available
• Maximum Deposit: No data available
• Tenure: 1 month to 5 years
• Interest Rate: 4.31% to 5.76% (for USD)
• Eligibility: Non-Resident Indians

It is important to go through the PNB FD interest rate as well as the features and benefits of individual schemes before investing in them. Read the terms and conditions so that you do not end up losing your money after investing in any scheme.

Always choose a scheme that suits your requirements the most. Also, choose the tenure carefully, as the interest rate depends on it. While investing, take note of whether there are any penalties applicable in case of premature withdrawal.