PNB FD Calculator

Punjab National Bank (PNB) is one of the largest nationalised banks in India, offering fixed deposits at different rates for variable tenures. PNB FD calculator helps fixed deposit investors know the FD maturity amount before opening an FD to make effective financial plans and align with their goals. 

Using the Stable Money calculator helps you estimate FD maturity amounts for different interest rates as high as 9.50% which Stable Money’s partnered banks offer. 

What Is a PNB FD Calculator?

The Punjab National Bank FD calculator is similar to other fixed deposit calculators. This calculator is an online tool that allows users to calculate the FD maturity amount for PNB FDs. As a result, users need to enter the FD interest rates applicable at PNB to get accurate results for specific tenures. 

Using this tool eliminates the need to visit bank branches for FD maturity estimates. However, if you face issues using this calculator on the bank's official website, you can alternatively use the Stable Money FD calculator.

Benefits of Using a PNB FD Calculator

Here are the benefits of using a PNB FD calculator:

1. Free of Cost: PNB allows its customers to use the FD calculator free of cost multiple times. As a result, you can use it whenever needed without additional fees. 
2. Accuracy: The calculator presents the FD maturity amount accurately based on the details entered. 
3. Maturity Amount Before Booking: You can seamlessly know the maturity amount receivable including the interest amount before booking your PNB FD. 
4. Easily Accessible: You can access the PNB FD calculator anytime, from any place by visiting the PNB official website. 

How Does a PNB FD Calculator Work?

The PNB FD rate of interest calculator provides results based on the inputs you enter. You need to fill in the FD principal, tenure and interest rate accurately to get accurate results. The maturity and interest amount for a given sum and tenure would vary based on the applicable interest rate. 

Use the Stable Money FD Calculator to know the FD maturity amount now!

Manual Calculation of PNB FD Maturity Amount

Here is the formula for the manual calculation of the FD maturity amount and interest receivable:

A = P * (1 + r/n) ^ (n * t) (A: Maturity Value; P: Principal; r: Interest Rate; n: Number of Compounding Year; t: Number of Years)

The formula mentioned above considers compound interest-based FD maturity value calculation. 

Consider the scenario mentioned below to understand manual calculation based on the above formula:

Let us say you have invested ₹90,000 in PNB FD for 5 years at 7% per annum compounding quarterly. Then the maturity amount is as follows:

A = ₹90,000 (1 + (0.07 / 4)) ^ (4 * 5) = ₹1,27,330

Interest Receivable = A - P = ₹1,27,330 - ₹90,000 = ₹37,330

How to Use a PNB FD Calculator?

Here are the steps on how to use the Stable Money PNB FD calculator: 

Step 1: Check PNB’s latest FD interest rate for your desired tenure. 

Step 2: Fill in the amount, applicable latest interest rate and the time period.

Step 3: Select the compounding frequency from the drop-down menu showing ‘Yearly/ Half-yearly/Quarterly’. 

Step 4: Check if the details entered are correct.

Download the Stable Money App now to compare FD interest rates from our partnered banks!

Why Should You Choose Stable Money to Calculate Maturity Amount and Book FD?

Stable Money allows FD investors to compare interest rates of multiple banks and NBFCs that offer relatively high interest rates. You can seamlessly book an FD using Stable Money without opening a savings bank account with additional banks. As a result, you can book an FD anytime from any place without visiting bank branches. 

Compare the FD rates of our partnered banks and book your first FD with Stable Money now!