PNB Fixed Deposit (FD) Interest Rates Highlights
| Highest slab rate | 6.10% p.a. (for 405 days) |
| For 1 year | 5.50% p.a. |
| For 2 years | 5.50% p.a. |
| For 3 years | 5.60% p.a. |
| For 4 years | 5.75% p.a. |
| For 5 years | 5.75% p.a. |
| Tax-Saving FD | 5.75% p.a. (for 5 years) 5.65% p.a. (for above 5 years to 10 years) |
The interest rates are updated as of 22 September 2022
PNB FD Interest Rates 2022
PNB FD Rates on Domestic/NRO deposits of less than Rs 2 crore
| Tenure | Interest Rates (% p.a.) w.e.f. 19 August 2022 | Interest Rates (% p.a.) w.e.f. 13 September 2022 | |
| 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 | 3.25 | 3.75 | 4.05 |
| 91 to 179 days | 4.00 | 4.50 | 4.80 |
| 180 to 270 days | 4.50 | 5.00 | 5.30 |
| 271 days to less than 1 year | 4.50 | 5.00 | 5.30 |
| 1 year | 5.50 | 6.00 | 6.30 |
| Above 1 year to 404 days | 5.50 | 6.00 | 6.30 |
| 405 days | 6.10 | 6.60 | 6.90 |
| 406 days to 2 years | 5.50 | 6.00 | 6.30 |
| Above 2 years to 3 years | 5.60 | 6.10 | 6.40 |
| Above 3 years to 5 years | 5.75 | 6.25 | 6.55 |
| Above 5 years to 10 years | 5.65 | 6.45 | 6.45 |
| 1111 days | 5.75 | 6.25 | 6.55 |
Note: The additional senior citizen rates are not applicable for NRO deposits
PNB Tax Saver FD Rates
| Tenure | Interest Rates (% p.a.) | |
| For General Public | For Senior Citizens | |
| 5 years | 5.75 | 6.25 |
| Above 5 years to 10 years | 5.65 | 6.15 |
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PNB Fixed Deposit Interest Rates on Domestic Bulk Fixed Deposits from Rs 2 crore to Rs 10 crore w.e.f. 6 August 2022
| Tenure | Interest Rates (% p.a.) |
| 7 days to 14 days | 4.75 |
| 15 days to 29 days | 4.75 |
| 30 days to 45 days | 4.75 |
| 46 days to 90 days | 4.75 |
| 91 days to 179 days | 5.25 |
| 180 days to 270 days | 5.60 |
| 271 days to less than 1 year | 5.60 |
| 1 year | 6.25 |
| Above 1 year to 2 years | 6.25 |
| Above 2 years to 3 years | 6.25 |
| Above 3 years to 5 years | 6.00 |
| Above 5 years to 10 years | 5.60 |
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PNB NRI FD Interest Rates 2022
PNB Fixed deposit rates on Non-Resident External (NRE) Fixed Deposits of less than Rs 2 crore w.e.f. 19 August 2022
| Tenure | Interest Rates (% p.a.) |
| 1 year | 6.50 |
| Above 1 year to 2 years | 6.50 |
| Above 2 years to 3 years | 6.50 |
| Above 3 years to 5 years | 6.25 |
| Above 5 years to 10 years | 5.90 |
| 1111 days | 6.00 |
PNB FCNR (B) Fixed Deposit Interest Rates w.e.f. 1 September 2022
| 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# | 4.25 | 3.93 | 4.18 | 4.28 | 4.38 |
| GBP# | 2.89 | 3.24 | 3.39 | 3.39 | 3.34 |
| EUR# | 0.57 | 0.62 | 0.67 | 0.67 | 0.67 |
| JPY | 0.11 | 0.11 | 0.11 | 0.11 | 0.16 |
| CAD | 3.50 | 4.00 | 4.25 | 4.25 | 4.25 |
| AUD | 2.60 | 3.10 | 3.35 | 3.35 | 3.35 |
#The interest rates are applicable for deposits of less than Rs 10 lakhs
PNB Credit Cards Against FD
| Particulars | PNB Visa Signature Credit Card | Millennial Credit Card |
| Card Limit | Up to 80% of FD Minimum Limit: Rs 1.25 lakhs Maximum Limit: Rs 15 lakhs | Up to 80% of FD Minimum Limit: Rs. 50,000 Maximum Limit: Rs 10 lakhs |
| Minimum FD | Rs 1.6 lakhs | Rs 65,000 |
| Joining Fee | Rs 1,500 | Rs 399 |
| Annual Fee | Rs 2,000 p.a. (waived on spending Rs 3 lakhs in the previous financial year) | Rs 999 p.a. (waived on spending Rs 1 lakh in the previous financial year) |
| Add on Card Fee | Rs 500 | Rs 399 |
| Finance Charges | 19.56% p.a. | 19.56% p.a. |
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Types of PNB FD Schemes
PNB Ordinary Term Deposit Scheme
- Deposit Amount: Minimum deposit: Rs.100; Maximum amount: Rs.1,99,99,999
- Period of Deposit: 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-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
- Income Option (Outflow of interest)
- Interest Rates: 0.50% additional interest to senior citizens and 1% additional interest to staff members inclusive of additional interest paid to senior citizens under the scheme
- 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 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 the account opened in the name of blind or illiterate person.
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PNB Uttam – Non-Callable Deposit Scheme
- Deposit Amount: Rs15 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
- Income Option (Outflow of interest):
- 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
- For Deposit of more than Rs. 15 lakh to Rs. 10 crore
- 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 as 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 deposit will be calculated on a quarterly compounding basis.
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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
- Income Option
- No conversion, auto-renewal, premature renewal/ extension, 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 single name.
- Minimum deposit amount: Based on minimum annuity Rs. 1,000 (monthly) for the applicable period
- Tenure: 36 to 120 months. Deposit for more than 120 months is allowed as per 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 of 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 loan & advances are allowed under the scheme.
PNB Floating Rate Fixed Deposit Scheme
- Deposit Amount: Minimum deposit: Rs.1000 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
- Demand Loan/Overdraft facility: for taking 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
- Fixed deposits of up to Rs.10 Crore:
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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.1000 before maturity
- Demand Loan or Overdraft against term deposit/Change of option/ Conversion/ Change of Base Branch facility is applicable if any request received before maturity from the customer