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Fixed Deposit

pnb fd ratesPunjab National Bank (PNB), ranks among the top five public sector banks in India, is based out of New Delhi and has branches been in operation since 1894. It is a government-aided bank which has been operating since 1894 and currently offers a plethora of lending products including car loan, home loan, personal loan, education loan and more. Apart from the lending business, PNB is also a popular choice for those seeking to invest money in fixed deposit accounts. The following are some of the leading Fixed Deposit options offered by PNB for customers from all walks of life:

PNB FD Rates 2017

FD Tenure

Interest Rates (in %)

Regular Citizens Senior Citizens
7 to 14 days 4.00 4.50
15 to 29 days 4.00 4.50
30 to 45 days 4.50 5.00
46 to 90 days 5.50 6.00
91 to 179 days 6.00 6.50
180 days to 270 Days 6.25 6.75
271 days to less than 1 year 6.25 6.75
1 year 6.60 7.10
above 1 year & upto 2 years 6.50 7.00
above 2 year & upto 5 years 6.25 6.75
above 5 years & upto 10 years 6.25 6.75

NOTE: These rates are applicable on investments below Rs 1 Crore. The above rates, effective from 19.08.2017, are subject to change without prior notice.

PNB Anupam Fixed Deposit Account

  • A regular term deposit account with overdraft facility
  • Available for resident Individual (singly or jointly), Minor (with or without Under Guardian) Non individual entity as Proprietorship/Partnership Firm or any other Commercial/ Government/ Semi government l Organization
  • The minimum deposit amount is Rs. 10,000/-
  • The tenure is between 6 months up to 120 Months
  • Premature withdrawal is allowed
  • Interests shall be paid as per the existing PNB FD Rates in the market.
  • TDS Certificate will be issued by the Bank for the tax deducted
PNB Balika Shiksha Fixed Deposit Account
  • A special term deposit scheme for the girl students of Kasturba Gandhi Balika Vidyalayas
  • Also any girl student from SC/ST community and have cleared calls VIII and enrolled in class IX of any state / Union Territory government school,  are eligible for this scheme
  • The FD can be booked with an amount of Rs. 3000/-
    The FD shall mature only on girl attaining the age of 18 Years
  • Along with the FD, girl students shall be offered the PNB Vidyarthi account with zero balance
  • The accrued Interest is paid either monthly or quarterly on simple interest or compounded quarterly or on maturity
  • Income tax exemption on the interest earned
  • Interest on overdue account shall be paid as per the existing policy of the Punjab national bank
  • TDS Certificate will be issued by the Bank for the tax deducted

Capital Gain Term Deposit Scheme

  • A term deposit plan for resident Individuals for utilizing the amount of any Capital gain into term deposit
  • No joint Account is permissible
  • The Deposit tenure is for minimum for 7 days to maximum 10 years
  • The deposits will be as per the provisions under Sections 54 /54B / 54D / 54F or under 54G of the Income Tax act
  • Premature withdrawal is allowed prior maturity of the term deposit
  • Applicable rate of interest in premature withdrawal shall be as according to period for which the deposit was held with the bank
  • Accrued Interest is paid either monthly or quarterly on simple interest or compounded quarterly or on maturity
  • Income tax exemption on the interest earned as per the prevailing IT rules.
  • Interest on overdue account shall be paid as per the existing policy of the Punjab national bank.
  • Interest on bank deposits is exempt from income tax up to a limit specified by Income Tax authorities from time to time.
  • TDS Certificate will be issued by the Bank for the tax deducted

PNB Dugana FD Account

  • The FD can be booked for minimum amount as Rs.5000/- and below Rs.1 crore.
  • Available for resident Individual (singly or jointly) , Minor (with or without Under Guardian) Non individual entity as Proprietorship/Partnership Firm or any other Commercial/ Government/ Semi government l Organization.
  • A term deposit scheme for fixed tenure of 99 Months
  • Loan or overdrafts is available against the deposits, however subject to bank’s discretion.
  • The accrued Interest is paid either monthly or quarterly on simple interest or compounded quarterly or on maturity.
  • Interest on overdue account shall be paid as per the existing policy of the Punjab national bank.
  • TDS Certificate will be issued by the Bank for the tax deducted.
  • Premature withdrawal is allowed however applicable penalty shall be levied.

PNB Lakhpati Term Deposit- Scheme- A

  • FD booking amount is Rs. 1300/- for a tenor of 63 months with the yield as Rs. 104053/-.
  • Available for resident Individual (singly or jointly) , Minor (with or without Under Guardian) Non individual entity as Proprietorship/Partnership Firm or any other Commercial/ Government/ Semi government l Organization.
  • Loan or overdrafts is available against the deposits, however subject to bank’s discretion
  • The accrued Interest is paid either monthly or quarterly on simple interest or compounded quarterly or on maturity
  • Interest on overdue account shall be paid as per the existing policy of the Punjab national bank
  • TDS Certificate will be issued by the Bank for the tax deducted
  • Premature withdrawal is allowed however applicable penalty shall be levied

PNB Lakhpati Term & Recurring Deposit- Scheme- B

  • Available for resident Individual (singly or jointly) , Minor (with or without Under Guardian) Non individual entity as Proprietorship/Partnership Firm or any other Commercial/ Government/ Semi government l Organization.
  • Loan or overdrafts is available against the deposits, however subject to bank’s discretion
  • The accrued Interest is paid either monthly or quarterly on simple interest or compounded quarterly or on maturity
  • Interest on overdue account shall be paid as per the existing policy of the Punjab national bank.
  • TDS Certificate will be issued by the Bank for the tax deducted
  • Premature withdrawal is allowed however applicable penalty shall be levied

PNB Multi-Benefit Fixed Deposit Scheme

  • Available for a period of 6 months to maximum 120 Months
  • Account can be opened with minimum amount of Rs. 100
  • Available for resident Individual (singly or jointly) , Minor (with or without Under Guardian) Non individual entity as Proprietorship/Partnership Firm or any other Commercial/ Government/ Semi government l Organization.
  • Loan or overdrafts is available against the deposits, however subject to bank’s discretion.
  • Accrued Interest is paid either monthly or quarterly on simple interest or compounded quarterly or on maturity.
  • Interest on overdue account shall be paid as per the existing policy of the Punjab national bank.
  • TDS Certificate will be issued by the Bank for the tax deducted.
  • Premature withdrawal is allowed however applicable penalty shall be levied.

PNB Saksham Deposit Account

  • Recurring financial requirements of depositors
  • The yield is over & above the income generated from the interest accrued in term deposit
  • Customer can earn regular monthly payout combining the interest amount & a part of principal
  • Minimum amount to open the FD under this scheme is Rs.25000/-
  • FD period is between 1 year to 10 year in multiple of three months
  • The interest rates for senior citizens is 0.50% higher than the prevailing PNB FD Rates.
  • Minimum monthly withdrawal amount is Rs. 1,000/- and afterward in denomination of Re.1/-
  • Nil pre-payment charges applicable for pre closure or cancellation of term deposit.

PNB Road Accident Victim Deposit Scheme

  • This is a special term deposit to help the road accident survivors with the maximum interest rates for the claim amount received from the Motor Tribunal
  • Auto renewal applicable as directed from the motor tribunal court
  • No loan or advances is offered until and unless directed by the court
  • Opening a Saving account is mandatory wherein the monthly interest of term Deposit can be credited
  • The accrued Interest is paid either monthly or quarterly on simple interest or compounded quarterly or on maturity
  • Interest on overdue account shall be paid as per the existing policy of the Punjab national bank.

PNB Special Recurring Deposit Account

  • An exclusive recurring deposit scheme for the employees of Government Institutions, Private Institutions, Public Sector Undertakings or Corporate Bodies etc
  • Its mandatory to open at least account for ten staff or 75% of the total eligible staff whichever is lower
  • The minimum installments amount is Rs. 10/- as per the PF deductions of employees & thereafter multiples of 1/-
  • The deposit period can be between 6 Months to 120 months
  • Nil penalty charges for missed installments
  • Nil TDS applicable on this recurring deposit

PNB Special Fixed Deposit Account

  • Available for resident Individual (singly or jointly) , Minor (with or without Under Guardian) Non individual entity as Proprietorship/Partnership Firm or any other Commercial/ Government/ Semi government l Organization
  • A traditional fixed deposit scheme with minimum Rs. 100/-
  • Deposit tenure is minimum 1 year to 10 year
  • Loan or overdrafts is available against the deposits
  • The accrued Interest is paid either monthly or quarterly on simple interest or compounded quarterly or on maturity
  • Interest on overdue account shall be paid as per the existing policy of the Punjab national bank.
  • TDS Certificate will be issued by the Bank for the tax deducted
  • Premature withdrawal is allowed however applicable penalty shall be levied

PNB Sugam Fixed Deposit Scheme

  • Minimum FD booking amount is Rs.10, 000/- after that in multiples of 1000/-
  • Available for resident Individual (singly or jointly) , Minor (with or without Under Guardian) Non individual entity as Proprietorship/Partnership Firm or any other Commercial/ Government/ Semi government l Organization.
  • The deposit is offered for minimum 46 days
  • Partial Withdrawal of Rs. 1000/- is allowed without liquidating the entire deposit henceforth losing interest on the remaining deposit amount
  • Pre closure or partial closure is allowed without any penalty charges
  • Loan or overdrafts is available against the deposits, however subject to bank’s discretion
  • The accrued Interest is paid either monthly or quarterly on simple interest or compounded quarterly or on maturity
  • TDS Certificate will be issued by the Bank for the tax deducted

PNB Swecha Jama Yojna( Flexi Recurring Deposit)

  • Can be booked with Rs 100 and in any multiples thereafter
  • Flexibility to deposit any amount up to maximum 10 times the monthly installment amount
  • Available for resident Individual (singly or jointly), Minor (with or without Under Guardian) Non individual entity as Proprietorship/Partnership Firm or any other Commercial/ Government/ Semi government l Organization
  • The period of deposit is 6 months to 120 months
  • No late deposit charges applicable
  • Premature closure is allowed
  • Loan or overdrafts is available against the deposits, subject to bank’s discretion
  • The accrued Interest is paid either monthly or quarterly on simple interest or compounded quarterly or on maturity
  • Nil TDS applicable

PNB Ordinary Fixed Deposit Account

  • A short term deposit account available for tenure of 7 days to 179 days
  • Minimum deposit booking amount as 100 Rs.
  • Available for resident Individual (singly or jointly), Minor (with or without Under Guardian) Non individual entity as Proprietorship/Partnership Firm or any other Commercial/ Government/ Semi government l Organization.
  • Loan or overdrafts is available against the deposits, subject to bank’s discretion.
  • The accrued Interest is paid either monthly or quarterly on simple interest or compounded quarterly or on maturity
  • TDS Certificate will be issued by the Bank for the tax deducted
  • Premature withdrawal is allowed

PNB Varshik AAY Yojna

  • An yearly term deposit scheme with tenure between 2 years to 10 years & in yearly multiples
  • Minimum Deposit amount of Rs.10000/-
  • Available for resident Individual (singly or jointly) , Minor (with or without Under Guardian) Non individual entity as Proprietorship/Partnership Firm or any other Commercial/ Government/ Semi government l Organization
  • The interest is paid annually on simple interest basis or compounded as per customer instruction
  • Loan or overdrafts is available against the deposits
  • TDS Certificate will be issued by the Bank for the tax deducted
  • Premature withdrawal is allowed at nominal charges

PNB Tax Saver Term Deposit Account

  • A tax saving deposit scheme offering rebate on income tax under Sec. 80 (c) of IT Act
  • Available for resident Individuals or Hindu Undivided family (HUF)
  • Deposit can be booked with minimum amount Rs.100/- up to max 1.50 lakhs in a financial year
  • Minimum deposit period is for 5 years & the Maximum deposit period up to 10 years
  • Tax saver deposits have a lock in period of 5 years i.e. no premature closure is allowed till the term of 5 years
  • Rebate on income tax for the first financial year in which FD is booked, under Sec. 80 (c) of IT Act
  • Nomination facility is available
  • No Loans or overdraft facility is available till the lock in period of 5 years
  • The interest is paid annually on simple interest basis or compounded as per customer instruction
  • Interest on overdue account shall be paid as per the existing policy of the Punjab national bank
  • TDS Certificate will be issued by the Bank for the tax deducted

Senior Citizen Fixed Deposit Scheme

  • A special term deposit scheme for the senior citizens aged above 55 years and up to 60 years
  • Can be booked singly or jointly. However the first account holder has to be the senior citizen
  • Minimum FD booking amount is Rs.100/-
  • Additional 1% interest is offered over and above the prevailing PNB FD Rates, applicable as per the tenure of the term deposit.
  • FD is offered for a period of 1 year till max. 10 years
  • The interest is paid annually on simple interest basis or compounded as per customer instruction
  • Loan or overdrafts is available against the deposits, however subject to bank’s discretion
  • Interest on overdue account shall be paid as per the existing policy of the Punjab national bank
  • TDS Certificate will be issued by the Bank for the tax deducted
  • Premature withdrawal is allowed however applicable penalty shall be levied

NEWS: PNB Fixed Deposit

Punjab National Bank Reduces FD Interest Rates

24th June 2015
Public sector Bank PNB reduced the interest rates on its fixed deposits by up to 0.25 percent. For FDs with maturity period ranging between 180 days and 365 days, the interest rates have been reduced from 7.75 percent from 7.50 percent. Interest rates on Fixed Deposits with tenure ranging from 1 year to 2 year have only gone down by 0.15 percent. FDs with a maturity period exceeding 2 years but not more than 5 years, the new rate is 8 percent, down by 0.25 percent...Read more

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