Punjab National Bank Fixed Deposit Calculator
The PNB Fixed Deposit Calculator is an easy-to-use online tool that allows you to calculate the potential returns on your fixed deposit investment with Punjab National Bank. By providing details such as the deposit amount, tenure, and interest rate, it calculates the maturity amount, including both principal and interest, giving you a clear view of your investment’s growth.
This tool is particularly helpful for evaluating various fixed deposit options and efficiently aligning them with your financial goals.
Benefits of PNB Fixed Deposit Calculator
- Compare Maturity Amounts: It allows you to compare the maturity amount based on the interest rates offered by various banks and different investment tenures.
- Track Interest Earned: The calculator helps you easily identify the additional interest you will earn on your investment.
- Customization Options: You can select the type of fixed deposit (e.g., regular or senior citizen Fixed Deposit) based on your investment preference.
- Time-Saving: It provides quick, accurate estimates without the need for manual calculations.
- Transparency: It offers a clear breakdown of how the final amount is calculated, helping you understand how interest is compounded.
- Helps with Financial Planning: By providing a detailed view of potential returns, it aids in making informed decisions aligned with your financial goals.
Benefits/ Features of PNB Fixed Deposit
Read to know more about the features and advantages of having a PNB Fixed Deposit Account -
- Guaranteed Returns: Once invested, PNB Fixed Deposits offer a fixed, guaranteed rate of return. The PNB Fixed Deposit Calculator helps you easily determine the maturity value at the end of your tenure.
- Higher Returns for Senior Citizens: PNB offers senior citizens an additional 0.25-0.50% higher interest rates compared to regular Fixed Deposit rates, making it an attractive option for them to secure their savings and generate a steady income.
- Flexible Tenure: PNB offers Fixed Deposit tenures ranging from 7 days to 10 years, giving depositors the flexibility to choose the ideal duration based on their financial goals. The duration of the fixed deposit can be renewed or extended upon maturity.
- Easy Liquidity: Fixed deposits with PNB are easily liquidated before maturity by paying a small penalty. Additionally, the option to avail of loans against the Fixed Deposit is available for quick access to funds if needed.
These features make the PNB Fixed Deposit a secure and flexible investment option for savers of all ages.
How to Use Wishfin PNB Fixed Deposit Calculator?
Using the Wishfin PNB Fixed Deposit Calculator is a simple and efficient way to estimate your fixed deposit returns. Here's how you can use it:
- Visit the Website: Search for the Wishfin PNB Fixed Deposit Calculator page.
- Enter the Investment Amount: Input the amount you plan to invest in your fixed deposit. This is your principal amount.
- Select the Tenure: Choose your desired Fixed Deposit tenure. You can select a period ranging from a few days to several years, depending on your preference.
- Input the Interest Rate: Enter the applicable interest rate for your chosen tenure (you can refer to PNB's current Fixed Deposit interest rates).
- Choose the Compounding Frequency: Select how often the interest will be compounded—monthly, quarterly, or annually. Different compounding frequencies can impact your returns.
- Click ‘Calculate’: After filling out all the necessary details, click the Calculate button.
- Review the Results: The calculator will instantly show the total maturity amount, including both the principal and interest earned. You will also be able to see the interest earned over the tenure.
- Experiment with Different Inputs: You can change the investment amount, tenure, or interest rate to see how different options affect your final returns.
By following these simple steps, you can easily estimate how much you will earn from your PNB fixed deposit, helping you make a well-informed investment decision.
Formula for Calculating PNB Fixed Deposit Return
Here is the Compound interest formula used by PNB Bank to calculate fixed deposit rates
A = P(1+r/n)^nt
Where:-
- A = Maturity Amount
- P = Principal Amount (the initial deposit)
- r = Annual Interest Rate
- n = Frequency at which interest is compounded each year
- t = Duration of the investment in years
This formula helps calculate the total maturity value of the fixed deposit, considering compound interest.
PNB Fixed Deposit Interest Rates of 2025 (Domestic/NRO)
The following are the PNB Fixed Deposit interest rates for Domestic and NRO Fixed Deposits based on tenure: w.e.f. 01.05.2025
| Tenure | 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 |
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 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 2 years |
6.80 |
7.30 |
7.60 |
|
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 will not receive the additional interest benefit on NRO deposits.
Frequently Asked Questions (FAQs)
