PNB Fixed Deposit

About PNB Fixed Deposit

PNB offers several fixed deposit schemes to cater diverse needs of the customers. A Different group of people can invest in schemes that serve their purpose and yield good returns. The bank offers the highest interest of 7.30% p.a. The minimum tenure of investment is 7 days and the maximum tenure is 10 years. Investment is following deposit schemes is beneficial for the eligible candidates:

  • PNB Ordinary Term Deposit Scheme
  • PNB Multi-Benefit Term Deposit Scheme
  • PNB Special Term Deposit Scheme
  • PNB Anupam Term Deposit Scheme
  • PNB Sugam Term Deposit Scheme
  • PNB Varshik Aay Yojana Deposit Scheme
  • PNB Tax Saver Fixed Deposit
  • PNB Prospective Senior Citizen Term Deposit Scheme
  • PNB Floating Rate Fixed Deposit Scheme
  • PNB Bulk Fixed Deposit Scheme (Above ₹10 Cr.)

    PNB Fixed Deposit Interest Rate Table

TenureROI For Amount Less than 1 Cr.
(w.e.f. 19.08.2017)
ROI For ₹ 1 Cr. To ₹
10 Cr.
(03.02.2017)
General
(%p.a.)
Senior Citizen
(%p.a.)
General
(%p.a.)
7 days to 29 days4.004.504.00
30 days to 45 days4.50 5.004.00
46 days to 90 days5.50 6.00 4.00
91 days to 179 days6.00 6.50 4.00
180 days to 270 days6.25 6.75 4.25
271days to less than 1 year6.256.75 4.25
1 year6.607.10 4.50
Above 1 year to 3 years6.50 7.004.50
Above 3 years to 5 years6.25 6.754.50
Above 5 years to 10 years6.256.754.50

PNB Fixed Deposit Schemes

1. PNB Ordinary Term Deposit Scheme
The investor can book this deposit with the minimum amount of ₹100. The period of deposit ranges from 7 days to maximum 179 days. You can avail loan against fixed deposit and add a nominee to your account.

ParticularsDetails
Minimum Investment Amount₹100
Maximum Investment Amount₹99,99,000
Minimum Investment Period7 days
Maximum Investment Period179 days
Loan/Overdraft FacilityAvailable
Interest Payout OptionQuarterly or at maturity
Nomination FacilityAvailable
TDSApplicable

2. PNB Multi-Benefit Term Deposit Scheme

You can book the Fixed Deposit for the amount up to ₹99,99,000 for the maximum tenure of 120 months. The interest is paid at the card rate prevalent on the tenure.

ParticularsDetails
Minimum Investment Amount₹100
Maximum Investment Amount₹99,99,000
Minimum Investment Period6 months
Maximum Investment Period120 months
Loan/Overdraft FacilityAvailable
Nomination FacilityAvailable
TDSApplicable

3. PNB Special Term Deposit Scheme

Book the scheme for the tenure ranging from 1 year to 10 years and receive interest monthly or quarterly. The maximum amount of deposit is ₹99,99,000, the minimum being Rs.100.

ParticularsDetails
Minimum Investment Amount₹100
Maximum Investment Amount₹99,99,000
Minimum Investment Period1 year
Maximum Investment Period10 years
Interest Payout OptionMonthly at discounted value or quarterly or compounded quarterly
Nomination FacilityAvailable
TDSApplicable

4. PNB Anupam Term Deposit Scheme

Open a Fixed Deposit Account with the minimum amount of ₹10,000 and thereafter, make an addition in multiples of ₹1,000. The maximum limit of deposit is ₹99,99,000.

ParticularsDetails
Minimum Investment Amount₹100
Maximum Investment Amount₹99,99,000
Additional Investment Amount1 In multiples of ₹1,000
Minimum Investment Period6 months
Maximum Investment Period120 months
Nomination FacilityAvailable
TDSApplicable
Loan/Overdraft FacilityAvailable

5. PNB Sugam Term Deposit Scheme

Now book the deposit for the period as low as 46 days and earn good returns on the same. The interest is receivable at monthly and quarterly intervals. You even have the option to reinvest the interest and yield higher returns on your deposit.

ParticularsDetails
Minimum Investment Amount₹10,000
Maximum Investment Amount₹10,00,00,000
Additional Investment AmountIn multiples of ₹1
Minimum Investment Period46 days
Maximum Investment Period120 months
Nomination FacilityAvailable
TDSApplicable
Interest Payout OptionMonthly at discounted value or quarterly or compounded quarterly or at maturity

6. PNB Varshik Aay Yojana Deposit Scheme

Under this scheme, the interest is paid annually at the quarterly compound basis. You can avail the loan facility against this fixed deposit scheme.

ParticularsDetails
Minimum Investment Amount₹10,000
Maximum Investment Amount₹ 99,99,000
Additional Investment Amount₹1,000
Minimum Investment Period24 months
Maximum Investment Period120 months
Nomination FacilityAvailable
TDSApplicable
Interest Payout OptionAnnually, on quarterly compound basis
Loan/Overdraft FacilityAvailable

7. PNB Tax Saver Fixed Deposit

The minimum amount required to book the deposit is ₹100. The amount is locked in for 5 years. The maximum amount is fixed to ₹1,50,000 per financial year.

ParticularsDetails
Minimum Investment Amount₹100
Maximum Investment Amount₹1,50,000
Lock-In-Period5 years
Minimum Investment Period5 years
Maximum Investment Period10 years
Nomination FacilityAvailable after 5 years lock in period
Loan FacilityApplicable

Eligibility: Individuals (including illiterate, blind persons), singly or jointly, and HUF

8. PNB Prospective Senior Citizen Term Deposit Scheme

This scheme is most suitable for people who are about to attain the age of 60years. Under this scheme the interest is initially paid at the general rate of interest and as the holder turns 60 years the interest is paid at rates applicable for senior citizens.

ParticularsDetails
Minimum Investment Amount₹100
Maximum Investment Amount₹99,99,999
Additional Investment AmountIn multiples of ₹1
Minimum Investment Period1 year
Maximum Investment Period10 year
Loan/Overdraft FacilityAvailable
TDSApplicable

Eligibility: People of age 55 and above and up to 60 years can apply for this scheme.

9. PNB Floating Rate Fixed Deposit Scheme

Under this scheme, the rate of interest automatically changes as per the changes made by the bank in fixed deposit interest rates.

ParticularsDetails
Minimum Investment Amount₹1,000
Minimum Investment Period7 days
Maximum Investment Period10 years
Loan/Overdraft FacilityAvailable
Premature WithdrawalAllowed
Nomination FacilityAvailable
TDSApplicable

10. PNB Bulk Fixed Deposit Scheme (Above ₹10 Cr.)

The single investment of ₹10,00,00,000 is to be made to book this deposit. The interest rate on these deposits keeps on changing regularly. To know the current rate of interest visits the nearest branch office.

Eligibility

  • Individual (singly or jointly) with others.
  • Minors who have attained the age of 10 years and above in his own name on giving proof of age by his guardian or any other reliable source or through his natural/legal guardian.
  • Proprietorship/partnership firm, commercial organization, company/ corporate body.
  • Hindu Undivided Family.
  • Association, club, society, trust or religious/charitable or educational institution.
  • Municipality or Panchayat, Government or quasi-government body.
  • The illiterate and blind persons can also open the account.

Documentation

ID ProofAddress Proof
PassportPassport
PAN CardTelephone Bill
Driving LicenseElectricity Bill
Voter IDID Card Issued by Post Office
Government ID CardBank Statement with Cheque
Senior Citizen ID CardAny other ID proof or address proof document can be submitted subject to bank's satisfaction

How To Apply

To apply for the PNB Fixed Deposit Scheme visit the nearest bank branch along with the KYC documents. You can even apply online and book the deposit.

Features

  1. Multiple Investment schemes
  2. Nomination facility available
  3. Avail loan/ overdraft against fixed deposit
  4. Attractive rate of interest
  5. Additional 0.50% interest to senior citizen

People Also Look For

Personal Loan Interest Rates June 2018
Bajaj Finserv 10.99% - 16.00%
Fullerton India 14.00% - 33.00%
HDFC Bank 11.25% - 21.25%
ICICI Bank 10.99% - 18.40%
IndusInd Bank 10.99% - 16.00%
Kotak Bank 10.99% - 20.99%
RBL 13.00% - 18.00%
Standard Chartered Bank 10.99% - 14.49%
Tata Capital 10.99% - 18.00%
Home Loan Interest Rates June 2018
State Bank of India/SBI 8.45% - 9.00%
HDFC 8.50% - 9.15%
Bank of Baroda 8.45% - 9.45%
LIC Housing 8.45% - 8.90%
PNB Housing Finance 8.40% - 8.99%
ICICI Bank 8.50% - 9.05%
Axis Bank 8.50% - 8.85%
Citibank 8.40% - 9.20%
Indiabulls Housing Finance Limited 8.50% - 10.80%
Kotak Bank 8.60% - 8.70%
DHFL 9.05% - 9.95%
Reliance Home Finance 8.75% - 10.00%
EMI Calculator