PNB FD Interest Rates

The bank also offers various fixed deposit products for NRIs, such as NRO, NRE, and FCNR (B) fixed deposits. PNB accepts FCNR (B) fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Euro (EUR), Canadian Dollar (CAD), Japanese Yen (JPY), and Australian Dollar (AUD).

PNB Fixed Deposit (FD) Interest Rates Highlights

Highest slab rate	6.40% p.a. (for 390 days)
For 1 year	6.10% p.a.
For 2 years	6.30% p.a.
For 3 years	6.30% p.a.
For 4 years	6.10% p.a.
For 5 years	6.10% p.a.
Tax-Saving FD	5.85%-6.25% p.a.

The interest rates are updated as of 27 January 2026

PNB FD Rates

PNB Fixed Deposit Rates on Domestic/NRO deposits of less than Rs 3 crore w.e.f. 1 January 2026

Tenure	Interest Rates (% p.a.)
	Regular Citizens	Senior Citizens	Super Senior Citizens
7 to 14 days	3.00	3.50	3.80
15 to 29 days	3.00	3.50	3.80
30 to 45 days	3.00	3.50	3.80
46 to 90 days	4.50	5.00	5.30
91 to 179 days	4.90	5.40	5.70
180 to 302 days	5.60	6.10	6.40
303 days	5.55	6.05	6.35
304 days to less than 1 year	5.60	6.10	6.40
1 year	6.10	6.60	6.90
Above 1 year to 389 days	6.30	6.80	7.10
390 days	6.40	6.90	7.20
391 days to 505 days	6.30	6.80	7.10
506 days	6.30	6.80	7.10
507 days to 2 years	6.30	6.80	7.10
Above 2 years to 3 years	6.30	6.80	7.10
Above 3 years to 1203 days	6.10	6.60	6.90
1204 days	6.05	6.55	6.85
1205 days to 5 years	6.10	6.60	6.90
Above 5 years to 1894 days	6.00	6.80	6.80
1895 days	6.00	6.80	6.80
1896 days to 10 years	6.00	6.80	6.80

Note: The additional senior citizen rates are not applicable for NRO deposits

Explore Investment Options:

Bonds	Types of Bonds	Bonds vs FD
Corporate Bonds	Tax Free Bonds	Capital Gain Bonds
Government Bonds	Zero Coupon Bonds	Floating Rate Bonds

Comparison of Top 20 Scheduled Banks based on FD Rates

PNB Tax Saver FD Rates w.e.f. 1 September 2025

Tenure	Interest Rates (% p.a.)
	For General Public	For Senior Citizens
5 years	6.25	6.75
Above 5 years to 1894 days	6.00	6.50
1895 days	5.85	6.35
1896 to 10 years	6.00	6.50

PNB NRI FD Interest Rates

PNB Fixed deposit rates on Non-Resident External (NRE) Fixed Deposits of less than Rs 3 crore w.e.f. 1 January 2026

Tenure	Interest Rates (% p.a.)
1 year	6.10
Above 1 year to 389 days	6.30
390 days	6.40
391 days to 505 days	6.30
506 days	6.30
507 days to 2 years	6.30
Above 2 years to 3 years	6.30
Above 3 years to 1203 days	6.10
1204 days	6.05
1205 days to 5 years	6.10
Above 5 years to 1894 days	6.00
1895 days	6.00
1896 days to 10 years	6.00

PNB FCNR (B) FD Rates – w.e.f. 1 January 2026

Currency/Tenure	Interest Rates (% p.a.)
	1 year to less than 2 years	2 years to less than 3 years	3 years to less than 4 years	4 years to less than 5 years	5 years only
USD#	4.91	3.61	3.38	3.09	3.19
GBP#	4.03	2.78	2.33	2.23	2.03
EUR#	2.54	1.30	1.30	1.30	1.30
JPY	0.50	0.50	0.50	0.50	0.50
CAD	3.01	2.59	2.34	2.39	2.44
AUD	3.81	3.36	3.07	3.12	3.02

#The interest rates are applicable for deposits of less than Rs 10 lakh

Types of PNB Fixed Deposit Schemes

PNB Ordinary Term Deposit Scheme

• Deposit amount: Minimum deposit: Rs 100; Maximum amount: Less than Rs 2 crore
• Tenure: 7 days-179 days
• Demand Loan/Overdraft facility is available on deposits of Rs 10,000 and more on written request

PNB Tax Shield – Fixed Deposit Scheme

• Deposit amount: Minimum deposit: Rs 100 or in multiples thereof, Maximum deposit: Rs 1.50 lakh per financial year only.
• Tenure: 5 years to 10 years.
• Lock-in period: 5 years
• Interest Option: Income option and Maturity option is available under this FD scheme
  • Income Option (Outflow of interest)
    • The interest can be paid on a monthly or quarterly or half-yearly or yearly basis
    • Monthly interest will be paid at a discounted rate, however, interest will be compounded quarterly in the case of half-yearly and yearly payments
  • Maturity Option (Re-Invested Interest)
    • The interest will be compounded quarterly and paid out when the deposit matures
    • For the purpose of calculating interest, the incomplete quarter of the deposit will be taken into account at the end
• Interest Rates: 0.50% additional interest to senior citizen FD depositors and 1% additional interest to staff members inclusive of additional interest paid to senior citizens under the scheme
• Additional interest rates of 0.80% p.a. on regular FD rates are offered to super senior citizens
• Loan/Advance, premature cancellation/ part withdrawal facility is only available after the expiry of the lock-in period (5 years)
• Interest on these term deposits will be taxed under the Income Tax Act, either on a yearly accrual or receipt basis, depending on the depositors’ accounting system.

PNB Palaash Green Fixed Deposit Scheme

• Deposit amount: Minimum: Rs 5,000; Maximum: Rs 10 crores
• Tenure: 1204 days; 1895 days
• The scheme offers both cumulative and non-cumulative options
• The conversion from PNB Palaash GREEN DEPOSIT to any other fixed deposit scheme is not allowed
• Auto-renewal, nomination and overdraft facilities are available

PNB Pranam Fixed Deposit Scheme

• Eligibility: Individuals of age 55 years and above
• Deposit amount: Minimum: Rs 100; Maximum: Rs 1,99, 99,999
• Tenure
  • Income Option: 1 year-10 years
  • Maturity Option: 1 year-10 years
• Additional rate of 0.50% is applicable to senior citizens of age 60 years and above
• Both income and maturity option is available
• Premature withdrawal of deposit is allowed. The interest rate will be paid on a contractual rate or the rate applicable for the duration for which the deposit was active, whichever is lower.
• Demand Loan/Overdraft facility is available on deposits of Rs.10,000 and more on written request. However, the option/facility of ‘overdraft’ is not permitted in an account opened in the name of a blind or illiterate person.

PNB Uttam – Non-Callable Deposit Scheme

• Deposit Amount: Rs 15 lakh and above
• Interest Option:
  • Income Option (Outflow of interest):
    • The interest can be paid on a monthly or quarterly or half-yearly or yearly basis
    • Monthly interest will be paid at a discounted rate, however, interest will be compounded quarterly in the case of half-yearly and yearly payments
  • Maturity Option (Reinvestment of interest on a quarterly compounding basis):
    • The interest will be compounded quarterly and paid out when the deposit matures
    • For the purpose of calculating interest, the incomplete quarter of the deposit will be reckoned at the end
• Tenure:
  • For Deposit of more than Rs. 15 lakh to Rs. 10 crore
    • For Maturity Option: 91 days – 10 years
    • For Income Option: 6 months – 10 years
  • For Deposit of more than Rs. 10 crore
    • For Maturity Option: 91 days – 1 year
    • For Income Option: 6 months – 1 year
  • Interbank Deposits above Rs 10 Crore: Maturity Option: 91 days – 1 year
• Conversion option is not permitted under this scheme
• Auto-renewal system is not allowed
• Premature withdrawal or partial withdrawal or extension are not permitted under the scheme, except in case of death of the Depositor (Single/ Joint)/ winding up /Bankruptcy/directions by court/ regulators/ receiver/liquidator
• Demand Loan or the Overdraft facility is available to the depositors at per bank’s discretion and as per the existing guidelines
• In case, if the depositors hold deposits in the maturity option, the maturity value of such deposits will be calculated on a quarterly compounding basis.

Schemes Covered (Under E-FD): Fixed Deposit Through Internet Banking(E-FD)

• Applicable to Internet Banking Users only
• Customer accounts need to be KYC-compliant.
• This scheme is applicable to existing customers having operative Savings or Current account
• The mode of operation, nomination and senior citizen preferential rate will remain the same as in the underlying savings or current account from which the fixed deposit is to be funded.
• Valid PAN document is required
• For loan purposes, the customer is required to visit the parent branch
• Auto-Renewal facility is permitted only for the maturity value
• Proceeds on maturity (in case no auto-renewal instructions are given) will be credited to the account from which the fixed deposit account is funded or as per the mandate of the depositor
• Premature withdrawal facility is permitted through net banking.
• Nomination will continue to be the same as in the funded account.
• TDS Certificate will be issued by the bank for the tax deducted

PNB Bulk Fixed Deposit Scheme

• Deposit Amount:
  • Single deposit of more than Rs.10 crore
  • Single Interbank Deposit of Rs 2 crore and above
  • Single NRO and NRE Term Deposits of more than Rs 10 crore
  • Single FCNR (B) deposit of 1 million and above for USD, GBP & EUR currency
• Tenure:
  • Maturity Option: 7 days – 10 years
  • Income Option: 6 months – 10 years
• Interest Option: Income option and Maturity option is available under this FD scheme
  • Income Option
    • Interest will be paid monthly, quarterly, or at the deposit’s maturity.
    • Monthly interest will be paid at a discounted rate, however, interest will be compounded quarterly in the case of half-yearly and yearly payments.
  • Maturity Option (Re-investment of interest on a quarterly compounding basis)
    • The interest will be compounded quarterly and paid out when the deposit matures
    • For the purpose of calculating interest, the incomplete quarter of the deposit will be taken into account at the end
• No conversion, auto-renewal, premature renewal/ extension, or part withdrawal is allowed
• Maturity Value: The maturity value of deposits with a maturity option will be calculated on a quarterly compounding basis. However, if the depositor chooses the income option, interest will be paid quarterly at a simple rate or monthly at a discounted rate

Annuity Term Deposit Scheme For Victims Of Road Accidents

• The Motor Accident Claims Annuity Deposit (MACAD) Scheme aims to make it easier for claimants of road accident victims to deposit compensation received from Motor Tribunals according to court rulings.
• Eligibility: Individuals including minors through guardians under a single name.
• Minimum deposit amount: Based on a minimum annuity Rs. 1,000 (monthly) for the applicable period
• Tenure: 3 years to 10 years. Deposit for more than 120 months is allowed as per the direction of the court.
• No loan or advance is allowed under the scheme
• Nomination facility is available as per court rulings
• Depositors can undergo premature closure of their FD after permission from the court

FD Scheme For Road Accident Victims

• The purpose of the scheme is to make it easier for claimants of road accident victims to deposit cash received from the Motor Tribunal in accordance with court orders under the maximum interest category of FD.
• The interest can be paid on a monthly basis and on a discounted rate
• Tenure: 1 year – 10 years
• Automatic renewal facility will be offered as prescribed by the court
• Interest: 1% above card interest rate as applicable for normal FD schemes for various tenors
• No premature cancellation or part withdrawal is allowed
• No loans & advances are allowed under the scheme.

PNB Growth Fixed Deposit Scheme

• Deposit Amount: Minimum deposit: Rs. 2 crore or in multiples of Rs 1. Maximum deposit: Up to Rs 10 crore
• Tenure:
  • Maturity Option: 7 days – 10 years
  • Income Option: 6 months – 10 years
• Interest Option: Income option and Maturity option is available under this FD scheme
  • Income Option
    • Interest will be paid quarterly, monthly or at the deposit’s maturity.
    • In the case of monthly interest option, the interest will be paid at a discounted rate, however, interest will be compounded quarterly in the case of half-yearly and yearly payments.
  • Maturity Option (Re-investment of interest on a quarterly compounding basis)
    • The interest will be compounded quarterly and paid out when the deposit matures
    • For the purpose of calculating interest, the incomplete quarter of the deposit will be taken into account at the end
• Part withdrawal of FDs is allowed under the maturity option only. Depositors have to maintain a minimum balance of Rs 2 crore in multiples of 1 lakh without withdrawing the entire deposit. The bank will charge 1% as a penal rate on the contractual rate or on the rate applicable for the tenure for which the FD has run.

PNB Floating Rate Fixed Deposit Scheme

• Deposit Amount: Minimum deposit: Rs.1,000 or in multiple thereof. However, acceptance of deposits of more than Rs.10 crore will be subject to approval by Treasury Division, HO.
• Tenure: 7 days-10 years, even for incomplete quarters
• Overdraft facility is available only on a minimum deposit of Rs. 10,000 on a fixed deposit account
• Premature Withdrawal:
  • Fixed deposits of up to Rs 10 crore:
    • In case the amount remains with the bank for up to 5 years, the rate of interest payable will be 1% less the rate that was in force from time to time for the duration of the FD
    • In case the amount remains with the bank for more than 5 years, the rate of interest payable will be 0.5% less the rate that remained effective from time to time for the duration of the FD
  • Fixed deposits of more than Rs.10 crore: Prior approval of HO: Treasury Division is necessary
  • In case of premature cancellation of a fixed deposit of more than Rs.10 crore, the interest rate will be effective from time to time for the period FD has been active and will be paid without any reduction

PNB Mibor Linked Notice Deposit Scheme

• This scheme offers a deposit product with an interest rate linked to Mumbai Inter-Bank Offer Rate (MIBOR) NSE Overnight
• Allowed in CBS branches of METRO cities only
• Eligibility: Company/Corporate Body, High Net worth Individuals (HNIs), Public Sector Undertakings & Commercial Organization
• Deposit amount: Single deposit of more than Rs.10 crore
• Tenure: 7 days-60 days
• No penalty attracted on premature or part-withdrawal of deposits
• The fixed deposit will be auto-renewed for 14 days only
• Demand Loan/ OD Facility is not permitted

PNB NRE Rupee Sugam Term Deposit Scheme

• Minimum deposit amount: Rs. 10,000
• Tenure: 1 year-10 years
• Premature or partial withdrawal is applicable
• Income Option and Reinvestment or Maturity Option are available

PNB NRO Rupee Sugam Term Deposit Scheme

• The account can be held jointly with residents and/or with non-residents
• Deposit amount: Minimum: Rs.10,000; Maximum: Rs.10 crore
• Tenure: 46 days-10 years
• No penalty in respect of the premature withdrawal of deposits in multiples of Rs 1,000 before maturity
• Demand Loan or Overdraft against term deposit/Change of option/ Conversion/ Change of Base Branch facility is applicable if any request is received before maturity from the customer

FD Calculator – PNB FD

Customers can check the maturity amount of their deposits using the online FD calculator provided by Paisabazaar. Users will be required to enter the fixed deposit amount, preferred tenure and the applicable PNB FD interest rates for the tenure chosen to calculate the maturity and interest amounts.

FAQs of PNB FD Interest Rate

What is the highest PNB FD interest rate?

The highest fixed deposit rate for PNB Bank is 6.40% for general citizens and 6.90% p.a. for senior citizens for a tenure of 390 days.

What is the tenure of the PNB fixed deposit account?

The tenure of the PNB fixed deposit account is 7 days to 10 years.

How many FDs can be opened in Punjab National Bank?

Punjab National Bank has not specified any caps on the number of FD accounts that can be opened by any individual customer.

What are the senior citizen fixed deposit interest rates in Punjab National Bank?

PNB offers senior citizen FD rates ranging from 3.75%-6.90% p.a., applicable for tenures of 7 days to 10 years. Further, the bank offers special rates to super senior citizens aged 80 years and above, ranging from 3.80%-7.20% p.a. for 7 days to 10 years.

Can I change the term of my existing PNB Fixed Deposit?

PNB does not allow the facility to change the tenures of its existing FD accounts. Depositors have to break their existing PNB Fixed Deposit for changing the tenure.

Can I deposit an additional amount in an ongoing FD?

Punjab National Bank does not allow the facility to top-up the existing FDs. Depositors wishing to deposit additional amount in PNB Fixed Deposit would have to open fresh FD with PNB.

Can we withdraw FD before maturity in PNB?

PNB allows premature withdrawals on FDs, subject to penal rates. However, depositors cannot withdraw FDs opened under the Tax Saver Deposits scheme and PNB Uttam Scheme (non-Callable FD scheme).

What is the penal interest rate charged by Punjab National Bank on pre-mature or partial withdrawal of its FDs?

PNB charges a 1% penal interest rate on the contractual rate on which the FD was opened or the interest rate under the scheme on the contractual date applicable for the tenure the FD has run, whichever is lower.

Does PNB allow premature withdrawal of fixed deposits opened with ‘Either or Survivor’ or ‘Former or Survivor’ mandate?

Yes, PNB allows premature withdrawal of fixed deposits opened with ‘Either or Survivor’ of ‘Former or Survivor’ mandate.

Does PNB allow the renewal of overdue fixed deposits?

PNB allows the renewal of overdue fixed deposits on the date of presentation and not from the retrospective date.

What is the interest rate offered by PNB on overdue term deposits?

The interest rate on the overdue term deposits would be the same as applicable to saving account or the contracted rate of interest on the matured FD, whichever is lower.

Does PNB allow FD nomination in favour of minors?

PNB allows FD nomination in favour of minors only in the condition that while making the nomination, the account holder should appoint another individual not being a minor to receive the deposit on behalf of the minor in the event of death of the account holder, while the nominee is still a minor.

Will the nominee of my PNB FD remain the same after the renewal of the FD?

Yes, the nominee of your PNB FD remains the same after the renewal of the FD unless specifically changed or cancelled.

What is the procedure for filing a claim over a PNB FD by its nominee after the death of the depositor?

For filing a claim, a nominee will be required to submit the death certificate of the depositor and a claim format to establish the claim of the nominee duly certified by a Magistrate or Judicial Official or an Officer of the Central or State Government or an Officer of a bank or two persons acceptable to the bank who will act as a reference.

Does PNB allow cancellation or modification in the nomination of its fixed deposits?

Yes PNB allows cancellation or modification in the nomination of fixed deposits.

What are the margin requirements for availing loan against domestic and NRE PNB FDs?

The margin requirements set by PNB for availing loan against domestic FD and NRE FDs range from 5% to 12% for FD tenures of up to 5 years. For PNB FD tenures of more than 5 years, the minimum margin requirement is 20%. For advances against third party deposits, the minimum margin requirement starts from 25%.

What are the margin requirements for availing loan against PNB NRO FDs and FCNR(B) deposits?

The margin requirements for availing loan against PNB NRO FDs and FCNR(B) range from 10% to 30% depending on the tenure of the deposit.