Punjab National Bank FD interest rates currently range from 3.50% to 7.10% p.a., depending on the deposit tenure and investor category. PNB fixed deposits offer stable returns, government-backed safety, flexible tenures from 7 days to 10 years, and additional interest benefits for senior citizens. Continue reading to compare the latest PNB FD interest rates, tenure-wise returns, premature withdrawal rules, eligibility criteria, and PNB FD calculator details before investing. 

Term Wise Punjab National Bank Fixed Deposit Interest Rate

Short-Term Deposits: PNB short-term fixed deposits range between 7 days to 1 year with a pnb fixed deposit interest rate up to 6.25% for regular investors and for senior citizens it ranges between 3.5% to 6.75%.

Medium-Term Deposits: PNB medium-term fixed deposits range from 1 year to 5 years offering 6.05% to 6.30% to regular investors. PNB senior citizen FD rates for medium-term deposits currently range between 6.55% and 7.10% p.a. 

Long-Term Deposits: PNB Long-term fixed deposits span is 5 to 10 years, offering fixed deposit interest rate for general investors between 6.00% to 6.10%. PNB FD rates for senior citizens on long-term deposits currently range between 6.60% and 6.80% p.a.

Benefits of Punjab National Bank Fixed Deposit Interest Rates

PNB Fixed Deposits offer stable returns, government-backed safety, and flexible tenure options, making them suitable for conservative investors seeking secure long-term savings. Some of the advantages of PNB Fixed Deposit interest rates are as follows: 

• Competitive FD Rates: Punjab National Bank offers high interest rates on fixed deposits as compared to other public sector banks. This ensures high and assured returns on investment without any risk involved in the market. 
• Higher Returns for Senior Citizens: Senior citizens also get the advantage of high interest rates on fixed deposits. This ensures high returns and financial security for senior citizens. 
• Government-Backed Safety: As the bank is a public sector bank, it offers high safety to investors. This ensures fixed deposits are safe and secure with low risks of capital loss. 
• Quarterly Compounding Advantage: The interest is compounded on a quarterly basis. This ensures high returns and thus increases the amount of money over time. 
• Flexible Tenure Options: The fixed deposit tenure ranges from 7 days to 10 years.

Eligibility to Avail Punjab National Bank Fixed Deposit Interest Rate

The individuals and institutions who can invest are:

• Indian residents
• Firms and corporate bodies
• HUFs, trusts, and associations
• Educational institutions
• Minors above 10 years of age with the consent of the guardian

This provides a broad scope of accessibility to the PNB Fixed Deposit Interest Rate.

Documents Required to Open Punjab National Bank Fixed Deposit

To open a Punjab National Bank fixed deposit account, investors need to submit basic KYC documents for identity and address verification. The commonly required documents include:

• PAN Card
• Aadhaar Card
• Address proof
• Identity proof such as Passport, Voter ID, or Driving Licence
• Passport-size photographs

Submitting valid documents helps ensure a smooth and hassle-free FD booking process.

Types of Punjab National Bank (PNB) FD Schemes

Punjab National Bank offers multiple fixed deposit schemes designed to meet different investment goals, income needs, and tax-saving requirements. Here are some of the popular PNB FD schemes available:

• PNB Palaash Green Deposit: A special FD scheme that promotes eco-friendly and sustainable investments.
• Motor Accident Annuity Term Deposit: Designed to provide regular monthly income to eligible policyholders.
• PNB Uttam Non-Callable Term Deposit: Offers higher interest rates on large deposits with no premature withdrawal facility.
• PNB Anupam Term Deposit: Provides flexible tenure options for short-term and long-term investments.
• PNB Balika Shiksha FD: Encourages long-term savings for the education and future needs of girl children.
• PNB Multi Benefit Term Deposit: Combines liquidity benefits with fixed deposit returns.
• PNB Tax Shield FD: A 5-year tax-saving FD that offers deductions under Section 80C of the Income Tax Act.
• PNB Pranam FD: Specially designed for individuals aged between 55 and 60 years.

Punjab National Bank also offers flexible FD tenure options, allowing investors to compare maturity returns and choose deposits based on their financial goals.

How to Open a Punjab National Bank (PNB) Fixed Deposit?

Opening a PNB FD is easy and hassle-free, and you have the option to do it both online and offline.

Online Method

1. Log in to the PNB online banking or the PNB One app
2. Proceed to the FD section
3. Fill in the amount and the tenure
4. Choose the payout options
5. Get the e-TDR

Both methods allow investors to book FDs at prevailing interest rates quickly and conveniently.

Offline Method

1. Visit the nearest PNB branch
2. Fill up the FD application form
3. Submit the necessary documents for KYC
4. Deposit the amount

After completing the formalities, the FD starts generating interest at the prevailing pnb fixed deposit interest rate.

Premature Withdrawal of Punjab National Bank Fixed Deposit

Punjab National Bank allows investors to withdraw their fixed deposits before maturity, subject to certain terms and penalty charges. The bank applies a penal interest rate on premature withdrawal or partial withdrawal of domestic term deposits.

Here are the key rules related to premature withdrawal of PNB FD:

• A penalty of 1% is charged on the applicable interest rate at the time of premature closure or partial withdrawal.
• The interest payable on premature withdrawal will be the lower of:
• the contracted FD interest rate minus 1%, or
• the applicable interest rate for the actual tenure completed minus 1%.
• No premature withdrawal penalty is charged if the deposit amount is reinvested into another PNB term deposit scheme for a period longer than the remaining tenure of the original FD.
• For joint fixed deposits with “Either or Survivor” or “Former or Survivor” mandates, the surviving depositor can prematurely withdraw the FD without approval from legal heirs of the deceased depositor, provided a joint mandate exists. In such cases, no penalty is charged on premature withdrawal.

Before withdrawing a PNB fixed deposit early, investors should compare the penalty charges and revised returns to avoid lower interest earnings.

Tax on Punjab National Bank Fixed Deposit

• Tax-saving FD is covered under Section 80C up to ₹1.5 lakh
• Interest earned is taxable as per your tax slab
• TDS applicable for amounts over ₹50,000; for senior citizens, it is ₹1 lakh
• 20% TDS applicable if you haven’t submitted your PAN

It is important to understand taxation to get the maximum returns on the PNB fixed deposit interest rate.

Comparison Between FD Rates of PNB and Other Banks

While the PNB fixed deposit interest rate offers stability, some banks provide higher returns, particularly in the small finance bank category. Investors can compare the PNB FD interest rates 2026 with other banks before choosing the right tenure.

The table below compares the PNB fixed deposit interest rate offered by different banks

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Punjab National Bank (PNB) FD Interest Calculator

The FD calculator assists in estimating the returns depending on the chosen pnb fixed deposit interest rate.

The PNB FD calculator helps estimate returns based on the selected FD tenure and interest rate.

Why Should You Choose Stable Money to Book a Fixed Deposit?

Stable Money helps you invest in FDs by making it easy to compare the PNB fixed deposit interest rate with other banks and invest in higher-yielding options. It offers smart and flexible investments through digital booking, no need to open a new account, and interest rates up to 8.30%.

Conclusion

Punjab National Bank fixed deposits offer stable and secure returns with flexible tenures and additional benefits for senior citizens. Before investing, compare FD rates, tenure options, liquidity needs, and taxation rules to choose the most suitable FD plan for your financial goals.