Punjab National Bank offers a wide array of financial services to a diverse clientele. PNB’s headquarters are situated in New Delhi. PNB provides a range of fixed deposit options, each with its interest rates and tenures to suit different investor preferences. Additionally, you can start with a minimal investment of just INR 100. This article aims to explore the details of PNB FD interest rates.
Interest Rates on PNB Domestic/NRO Term Deposit FDs (Below INR 2 Crore)
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 | 4.50 | 5.00 | 5.30 |
180 to 270 days | 5.50 | 6.00 | 6.30 |
271 days to less than 1 year | 5.80 | 6.30 | 6.60 |
1 year | 6.75 | 7.25 | 7.55 |
Above 1 year to 443 days | 6.80 | 7.30 | 7.60 |
444 days | 7.25 | 7.75 | 8.05 |
445 days to 2 years | 6.80 | 7.30 | 7.60 |
Above 2 years to 3 years | 7.00 | 7.50 | 7.80 |
Above 3 years to 5 years | 6.50 | 7.00 | 7.30 |
Above 5 years to 10 years | 6.50 | 7.0 | 7.30 |
PNB Non-Resident External (NRE) Fixed Deposit Interest Rates for General Citizens: INR 2 Crore to Less Than INR 10 Crore
Tenure | Regular PNB FD interest rates 2023 (p.a.) |
1 year | 7.00% |
Above 1 year and up to 433 days | 6.50% |
444 days | 6.50% |
444 days to 2 years | 6.50% |
Above 2 years and up to 3 years | 6.50% |
Above 3 years and up to 5 years | 6.25% |
Above 5 years and up to 10 years | 5.60% |
Term Deposit FD Rates for INR 2 Crore to INR 10 Crore in PNB Domestic/NRO Accounts
Tenure | Regular PNB FD rates 2023 (p.a.) |
7 days to 14 days | 6.00% |
15 days to 29 days | 6.00% |
30 days to 45 days | 6.00% |
46 days to 90 days | 6.40% |
91 days to 179 days | 6.50% |
180 days to 270 days | 6.50% |
271 days to less than a year | 6.50% |
1 year | 7.00% |
Above 1 year and up to 599 days | 6.50% |
600 days to 2 years | 6.50% |
Above 2 years and up to 3 years | 6.50% |
Above 3 years and up to 5 years | 6.25% |
Above 5 years and up to 10 years | 5.60% |
NRE Fixed Deposit Interest Rates for General Citizens: Below INR 2 Crore – PNB
Tenure | Regular FD Rates (p.a.) |
1 year | 6.75% |
above 1 year to 443 days | 6.80% |
444 days | 7.25% |
444 days to 2 years | 6.80% |
Above 2 years and up to 3 years | 7.00% |
Above 3 years and up to 5 years | 6.50% |
Above 5 years and up to 10 years | 6.50% |
PNB FCNR (B) Interest Rates 2023
Period | 1 yr< 2 yrs | 2 yrs< 3 yrs | 3 yrs< 4 yrs | 4 yrs< 5 yrs | 5 Yrs. only | |||||
Currency | Existing | Revised | Existing | Revised | Existing | Revised | Existing | Revised | Existing | Revised |
01.07.2023 | 01.08.2023 | 01.07.2023 | 01.08.2023 | 01.07.2023 | 01.08.2023 | 01.07.2023 | 01.08.2023 | 01.07.2023 | 01.08.2023 | |
USD* | 5.31 | 5.76 | 4.31 | 4.46 | 4.31 | 4.31 | 4.31 | 4.36 | 4.31 | 4.41 |
GBP* | 4.43 | 4.75 | 2.68 | 2.35 | 2.68 | 2.45 | 2.68 | 2.45 | 2.68 | 2.45 |
EUR* | 2.15 | 1.5 | 1.9 | 1.5 | 1.9 | 1.5 | 1.9 | 1.5 | 1.9 | 1.5 |
JPY | 0 | 0.02 | 0 | 0.05 | 0 | 0.05 | 0 | 0.05 | 0 | 0.05 |
CAD | 4.05 | 4.3 | 4.05 | 4.1 | 3.75 | 3.85 | 3.75 | 3.7 | 3.75 | 3.6 |
AUD | 3.4 | 3.63 | 3.15 | 3.53 | 3.15 | 3.03 | 3.15 | 3.03 | 3.15 | 3.03 |
Understanding the PNB FD Calculator
The PNB FD interest rates calculator serves as an intuitive online tool designed to assist individuals in determining the maturity value and interest earned from their investment in a fixed deposit with Punjab National Bank. Users can effortlessly calculate these values by providing key investment details, including the amount invested, interest rate, tenure, pay-out period and compounding frequency. Once entered, the calculator processes this data and promptly provides an estimated interest amount as the final output. By adjusting the input values, one can generate various outcomes for maturity and interest amounts. This PNB FD calculator proves invaluable in evaluating whether the investment aligns with your financial goals and aspirations.
Conclusion
Punjab National Bank offers a reliable choice for investors seeking to secure their financial future. With a range of fixed deposit options and competitive interest rates, PNB stands as an appealing avenue for growing savings safely. PNB’s fixed deposit choices provide a secure path for steady growth with attractive PNB Bank FD rates. By utilising the PNB FD calculator and considering individual requirements, investors can make well-informed decisions to safeguard their financial well-being.
Yes, investing in PNB FD is safe. The interest rate is fixed and guaranteed, not affected by market changes, providing stability. PNB FDs have a FAA+/negative rating from CRISIL, and DICGC insures each deposit up to INR 5 lakh, ensuring security even in case of default. It’s a wise choice with predictable returns and peace of mind.
If your PNB fixed deposit earns a post-tax interest of 8.70% per annum, it will double in 8.27 years. To estimate this, you can use the rule of 72. Simply divide 72 by the post-tax FD interest rate per annum to find the time it takes for the FD to double.
PNB Bank offers a 6.60% FD rate for senior citizens and 6.10% for regular investors.
You must furnish your PAN card details to avail yourself of the PNB fixed deposit scheme.
PNB FD rates for senior citizens are enhanced FD interest rates when investing in PNB fixed deposits.
Yes. You can apply for PNB Bank FD via internet banking.