PNB Fixed Deposit Rates 2022 | Punjab National Bank FD Current Rate [Table]

Punjab National Bank (PNB) offers Fixed Deposits with interest rates ranging from 2.90 percent to 5.25 percent per annum. For deposits of less than Rs.2 crore, the highest PNB FD Interest Rate is 5.25 percent per annum. For deposits of less than Rs.2 crore, senior folks receive an additional 50 basis points over the current interest rate. The duration of the FD schemes varies from 7 days to 10 years. This article will tell you more details related to the PNB Fixed Deposit Rates.

PNB Fixed Deposit Rates

PNB offers competitive Fixed Deposit interest rates as well as a variety of other features like as variable tenure options, nomination facility, loan/overdraft option, and more. PNB offers reasonable interest rates on fixed deposits, which vary depending on the time period and market conditions. The table below provides information on the updated PNB Fixed Deposit Rates for 2021 for potential consumers. Customers can use internet banking to apply for a PNB FD.

PNB Fixed Deposit Rates for Deposits Under Rs.2 Crore

  • Rates for FD schemes range from 2.90 percent per annum to 5.25 percent per annum.
  • Highest PNB FD rate is 5.25% p.a.
  • Rates for PNB Tax Saver FDs are 5.25 percent for the general public and 5.75 percent for elderly citizens.
  • PNB Uttam deposit scheme with the highest interest rate: 5.30 percent per annum.

Bank of Baroda Fixed Deposit Interest Rate

PNB Fixed Deposit Rates Below Rs.2 Crore- Domestic/NRO Term Deposit

TenureRegular FD Rates (p.a)Senior Citizen FD Rates (p.a)
7 days to 14 days2.90%3.40%
15 days to 29 days2.90%3.40%
30 days to 45 days2.90%3.40%
46 days to 90 days3.25%3.75%
91 days to 179 days3.80%4.30%
180 days to 270 days4.40%4.90%
271 days to less than a year4.40%4.90%
1 year5.00%5.50%
Above 1 year and up to 2 years5.00%5.50%
Above 2 years and up to 3 years5.10%5.60%
Above 3 years and up to 5 years5.25%5.75%
Above 5 years and up to 10 years5.25%5.75%

Note that the FD interest rates go into effect on November 1, 2021. It is subject to modification at the bank’s discretion.

PNB Domestic/NRO Term Deposit FD Rates Between Rs.2 Crore and Rs.10 Crore

TenureRegular FD Rates (p.a)
7 days to 14 days2.90%
15 days to 29 days2.90%
30 days to 45 days2.90%
46 days to 90 days3.00%
91 days to 179 days3.00%
180 days to 270 days3.00%
271 days to less than a year3.00%
1 year3.50%
Above 1 year and up to 2 years3.50%
Above 2 years and up to 3 years3.50%
Above 3 years and up to 5 years3.50%
Above 5 years and up to 10 years3.50%

Note that the FD interest rates go into effect from November 1, 2021. It is subject to modification at the bank’s discretion.

Post Office Fixed Deposit Interest Rates 

Short-Term PNB Fixed Deposit Rates

PNB short-term deposit rates range from 2.90 percent per annum to 5.00 percent per annum for terms ranging from seven days to one year. The highest interest rate available on these deposits is 5.00 percent per annum for a one-year term.

Rates on PNB’s Medium-Term FDs

Interest rates on medium-term PNB deposits with terms of more than one year and up to five years range from 5.00 percent per annum to 5.25 percent per annum. The highest FD rates of 5.25 percent per year are available on terms of 3 to 10 years.

Long-Term FD Rates at PNB

The interest rate for long-term PNB deposits is 5.25 percent per annum. Long-term FDs have a tenure of at least 5 years and up to 10 years.

PNB Fixed Deposit Rates for Senior Citizen

PNB deposits for older citizens have rates that are 50 basis points higher than ordinary FD rates. Short-term FDs have interest rates ranging from 3.40 percent to 5.75 percent each year, while medium-term and long-term deposits have interest rates of 5.75 percent per year.

PNB on Tax Saver Fixed Deposits

DepositorsUp to 5 years Interest Rate (p.a.)Above 5 years and up to 10 years (p.a.)
General Public5.25%5.25%
Senior Citizens5.75%5.75%
Staff Member6.25%6.25%
Retired Staff Member6.25%6.25%

Note that the FD interest rates go into effect from November 1, 2021. It is subject to modification at the bank’s discretion.

Rates on PNB Uttam Term Deposit

Tenure bracketRs.15 lakh to Rs.2 crore(p.a.)Rs.2 crore to Rs.10 crore(p.a.)
91 days to 179 days3.85%3.05%
180 days to 270 days4.45%3.05%
271 days to less than 1 year4.45%3.05%
1 year5.05%3.55%
Above 1 year and up to 2 years5.05%3.55%
Above 2 years and up to 3 years5.15%3.55%
Above 3 years and up to 5 years5.30%3.55%
Above 5 years and up to 10 years5.30%3.55%

Note that the FD interest rates go into effect from November 1, 2021. It is subject to modification at the bank’s discretion.

SBI Fixed Deposit Interest Rate

PNB FD Features

  • Except for term deposits under the Recurring Deposit Scheme, Capital Gain Scheme, PNB Tax Saver Scheme, Bulk Term Deposits (above Rs.10 Crore), and Inter-Bank Deposits, if the depositor opts for auto-renewal, his or her term deposit would be automatically renewed after maturity.
  • Blind and uneducated people are included: PNB permits blind and illiterate people to open fixed deposit accounts.
  • Inclusion of people from all walks of society: PNB FDs are meant to accommodate a wide range of depositors, from high school students to beneficiaries of traffic accident insurance claims.

PNB Fixed Deposit Eligibility Criteria

  • Resident individuals
  • Hindu Undivided Families
  • Non-resident Indians
  • Sole proprietorship, partnership firms, public and private limited companies
  • Registered societies, trusts and associations

Required Documents to Open a PNB Fixed Deposit

Identification proof:

  • Aadhaar card
  • Driving licence
  • Voter ID card
  • PAN card

Address proof:

  • All related KYC documents as well as utility bills such as electricity bill and gas bill.
  • Bank account statements
  • Passport-size photographs

FAQ’s

Is there a special FD rate for older folks at PNB?

PND does, in fact, give a higher interest rate to senior citizens.

Is it feasible to add to the fixed deposit account with a new deposit?

You can now open a new fixed deposit at any time.

Is a PAN card required when opening a savings account?

To open a PNB fixed deposit, you must present your PAN card.

Leave a Comment