PNB RD Interest Rates

Punjab National Bank (PNB) Recurring Deposit (RD) Interest Rates range between 6.25% – 7.25% p.a. for the general public, 4.00% – 7.75% p.a. for senior citizens and 4.30% – 8.05% p.a. for super senior citizens. Depositors can opt for PNB RD schemes ranging between 6 months to 10 years.

PNB RD Interest Rates w.e.f. 1 September 2025

Punjab National Bank has not provided separate interest rates for its RD schemes. The PNB RD interest rates are the same as the PNB Fixed Deposit interest rates.

Tenure	Interest Rates (% p.a.)
	Regular Citizens	Senior Citizens	Super Senior Citizens
7 to 14 days	3.50	4.00	4.30
15 to 29 days	3.50	4.00	4.30
30 to 45 days	3.50	4.00	4.30
46 to 90 days	4.50	5.00	5.30
91 to 179 days	5.50	6.00	6.30
180 to 270 days	6.25	6.75	7.05
271 days to 299 days	6.50	7.00	7.30
300 days	7.05	7.55	7.85
301 days to 302 days	6.50	7.00	7.30
303 days	7.00	7.50	7.80
304 days to less than 1 year	6.50	7.00	7.30
1 year	6.80	7.30	7.60
Above 1 year to 399 days	6.80	7.30	7.60
400 days	7.25	7.75	8.05
401 days to 505 days	6.80	7.30	7.60
506 days	6.70	7.20	7.50
507 days to 2 years	6.80	7.20	7.50
Above 2 years to 3 years	7.00	7.50	7.80
Above 3 years to 1203 days	6.50	7.00	7.30
1204 days	6.40	6.90	7.20
1205 days to 5 years	6.50	7.00	7.30
Above 5 years to 1894 days	6.50	7.30	7.30
1895 days	6.35	7.15	7.15
1896 days to 10 years	6.50	7.30	7.30

Note: Senior Citizens: Aged 60 years and above, Super Senior Citizens: Aged 80 years and above
Interest Rates as of 29 September 2025

PNB Recurring Deposit Scheme

• Tenor: 6 months to 10 years
• Minimum deposit amount: 100 and in multiples thereof with a capping on the maximum deposit amount
• Maturity: The deposit amount will be due for repayment on maturity or 1 month after the deposit of the last installment, whichever is later.
• Overdue Installments: If the depositor defaults on payment of an installment, the lender will charge a penalty of Rs 1 on every deposit amount of Rs 100. In case of non deposit of pending installments till the maturity date, the lender will pay interest on daily basis compounded half yearly.
• Nomination: The lender provides the nomination facility on PNB Recurring Deposit Scheme
• PNB Recurring Deposit Scheme Eligibility: The PNB RD account can be opened by individual (singly or jointly), proprietorship/partnership firms, Hindu Undivided Family (HUF), society, company or corporate body, municipality or panchayat, trust or religious/charitable educational institutions, association, club, government or quasi-government body. Illiterate persons and blind individuals can also open RD accounts with the lender. Minors who have attained 10 years and above can open the account in their own name after giving age proof. Minors below 10 years can open the account but under the guardianship of their natural or legal guardian.

PNB Special Recurring Deposit Scheme

• Tenor: 6 months to 10 years. If the employer requires a deposit period of more than 10 years, then he has to close the previous account after completion of the full tenure, after which he can open the new account for the maximum period allowed as per the RBI guidelines and at the interest rates prevailing at that point of time.
• Minimum deposit amount: 10 and in multiples of Rs 1 thereof with a capping on the maximum deposit amount
• Interest: The Interest amount will be credited to the RD account on a half-yearly basis in the months of March and September.
• Premature withdrawal: The PNB Special RD account holder cannot withdraw the deposit amount without prior sanction of the lender.
• Loans/Advances: The lender grants loans/advances based on the L&A Circulars issued by the IRMD (Credit Policy Section) HO with the prior sanction or permission of the institution.
• Nomination: The lender provides the nomination facility on PNB Special Recurring Deposit Scheme
• Overdue Installments: The lender will not charge any penalty on missed installments
• Eligibility: The PNB RD account can be opened by govt. or private institutions, PSU, corporate bodies, etc. The account will be opened in the name of the institution a/c name of the employee. The institution can open the account with a minimum of 10 employees or 75% of eligible employees, whichever is lower.

PNB Recurring Deposit Scheme (E-RD)

• Tenor: As per the respective deposit scheme
• Interest: The Interest amount will be credited to the RD account on a half-yearly basis in the months of March and September.
• Nomination: The lender provides the nomination facility on PNB Recurring Deposit Scheme (E-RD)
• Maturity: The proceeds on maturity of the RD account will get credited to the account through which the RD was funded. The depositor has to visit the parent branch for the closure or premature closure of the e-RD account.
• Eligibility: The PNB Recurring Deposit Scheme (E-RD) is applicable only for existing savings/current account customers of the bank having internet banking access.