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PNB Fixed Deposit Rates 2023: Punjab National Bank offers an excellent opportunity to enhance your earnings with their Regular Fixed Deposit. This investment option provides attractive interest rates, flexibility in interest payout, and no penalties for early closure. It is the perfect choice for individuals looking to grow their hard-earned money effortlessly.
PNB, or Punjab National Bank, provides a diverse selection of Fixed Deposits (FDs) that not only offer attractive returns but also come with several additional advantages. PNB FDs come with features such as the option to nominate a beneficiary, flexible tenure choices, automatic renewal, various interest payout options, and even the possibility of obtaining a loan or overdraft. Opening a PNB FD online is extremely convenient and can be done effortlessly, without the need for paperwork, with just a simple click.
Contents
- 1 Key Features of PNB Fixed Deposit Rates for Deposits Below Rs.2 crore.
- 2 Punjab National Bank Fixed Deposit Interest Rates for 2023
- 3 PNB Domestic/NRO Term Deposit FD Rates for Amounts between Rs.2 Crore and Rs.10 Crore
- 4 PNB NRE Fixed Deposit Rates: Below Rs.2 crore – General Citizens
- 5 PNB NRE Fixed Deposit Rates: General Citizens with Rs.2 crore to less than Rs.10 crore
- 6 PNB FCNR (B) Deposit Rates: A Comprehensive Guide
- 7 What is PNB FCNR (B) Deposit?
- 8 How to Open a PNB FCNR (B) Deposit Account:
- 9 PNB introduces PNB Uttam Term Deposit
- 10 PNB Credit Cards Secured by Fixed Deposits
- 11 Different Types of PNB Fixed Deposit Schemes
- 12 PNB Fixed Deposit: Key Features and Benefits
- 13 PNB Bank Fixed Deposit Schemes
- 14 PNB Fixed Deposit Eligibility Criteria
- 15 Required Documents for Opening a PNB Fixed Deposit
- 16 Calculating PNB FD Interest Rate: (PNB FD Rates Calculator)
- 17 Process to open a PNB FD deposit account?
Key Features of PNB Fixed Deposit Rates for Deposits Below Rs.2 crore.
Range of rates available for FD schemes:
- Minimum rate: 3.50% p.a.
- Maximum rate: 7.25% p.a.
- Highest PNB FD rate: 7.25% p.a.
PNB Tax Saver FD rate:
- General public: 6.10% p.a.
- Senior citizens: 6.60% p.a.
Punjab National Bank Fixed Deposit Interest Rates for 2023
| Tenure | Regular FD Rates (p.a.) | Senior Citizen FD Rates (p.a.) |
|---|---|---|
| 7 days to 14 days | 3.50% | 4.00% |
| 15 days to 29 days | 3.50% | 4.00% |
| 30 days to 45 days | 3.50% | 4.00% |
| 46 days to 90 days | 4.50% | 5.00% |
| 91 days to 179 days | 4.50% | 5.00% |
| 180 days to 270 days | 5.50% | 6.00% |
| 271 days to less than a year | 5.80% | 6.30% |
| 1 year | 6.75% | 7.25% |
| above 1 year to 443 days | 6.80% | 7.30% |
| 444 days | 7.25% | 7.75% |
| 445 days to 665 days | 6.80% | 7.30% |
| 666 days | 7.05% | 7.55% |
| 667 days to 2 years | 6.80% | 7.30% |
| Above 2 years and up to 3 years | 7.00% | 7.50% |
| Above 3 years and up to 5 years | 6.50% | 7.00% |
| Above 5 years and up to 10 years | 6.50% | 7.30% |
PNB Domestic/NRO Term Deposit FD Rates for Amounts between Rs.2 Crore and Rs.10 Crore
| Tenure | Regular FD Rates (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 | 6.25% |
| 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% |
Note: Please note that the interest rates for fixed deposits (FD) mentioned in this article are applicable from 18th May 2023 and are subject to change as per the bank’s discretion.
PNB NRE Fixed Deposit Rates: Below Rs.2 crore – General Citizens
| 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 665 days | 6.80% |
| 666 days | 7.05% |
| 667 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% |
Note That: Please note that the interest rates on Fixed Deposits (FDs) mentioned here are applicable from 1 June 2023. The bank reserves the right to modify these rates at any time.
PNB NRE Fixed Deposit Rates: General Citizens with Rs.2 crore to less than Rs.10 crore
| Tenure | Regular FD Rates (p.a.) |
|---|---|
| 1 year | 7.00% |
| Above 1 year and up to 599 days | 6.50% |
| 600 days | 6.50% |
| 601 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% |
Note: Please note that the fixed deposit (FD) interest rates mentioned are applicable from June 2023. These rates are subject to change based on the bank’s discretion.
PNB FCNR (B) Deposit Rates: A Comprehensive Guide
Are you looking for an investment option that offers attractive returns with minimal risk? Look no further than PNB FCNR (B) deposits. In this article, we will explore everything you need to know about PNB FCNR (B) deposit rates, helping you make an informed decision.
What is PNB FCNR (B) Deposit?
PNB FCNR (B) deposit stands for Punjab National Bank Foreign Currency Non-Resident (B) deposit. It is a fixed deposit scheme offered by Punjab National Bank (PNB) to Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs). This scheme allows NRIs and PIOs to deposit their foreign currency earnings in a fixed deposit account and earn attractive interest rates.
| Depositors | Up to 5 years Interest Rate (p.a.) | Above 5 years and up to 10 years (p.a.) |
|---|---|---|
| General Public | 6.50% | 6.50% |
| Senior Citizens | 7.00% | 7.00% |
| Staff Member | 7.50% | 7.50% |
| Retired Staff Member | 7.50% | 7.50% |
How to Open a PNB FCNR (B) Deposit Account:
To open a PNB FCNR (B) deposit account, follow these simple steps:
- Visit the nearest PNB branch or their official website.
- Fill out the account opening form, providing all the necessary details.
- Submit the required documents, including proof of identity, address, and NRI/PIO status.
- Deposit the desired amount in the chosen currency.
- Once the account is opened, you will receive a confirmation and account details.
PNB introduces PNB Uttam Term Deposit
| Tenure bracket | Rates for General Public (p.a.) | Rates for Senior Citizens (p.a.) |
|---|---|---|
| 91 days to 179 days | 4.55% | 5.05% |
| 180 days to 270 days | 5.55% | 6.05% |
| 271 days to less than 1 year | 5.85% | 6.35% |
| 1 year | 6.80% | 7.30% |
| Above 1 year and up to 443 days | 6.85% | 7.35% |
| 444 days | 7.30% | 7.80% |
| 445 days to 665 days | 6.85% | 7.35% |
| 666 days | 7.10% | 7.60% |
| 667 days to 2 years | 6.85% | 7.35% |
| Above 2 years and up to 3 years | 7.05% | 7.55% |
| Above 3 years and up to 5 years | 6.55% | 7.05% |
| Above 5 years and up to 10 years | 6.55% | 7.35% |
PNB Credit Cards Secured by Fixed Deposits
Understanding PNB Credit Cards Against FD:
| Particulars | PNB Visa Signature Credit Card | Millennial Credit Card |
|---|---|---|
| Card Limit | Up to 80% of FD | Up to 80% of FD |
| Minimum Limit | Rs 1.25 lakhs | Rs 50,000 |
| Maximum Limit | Rs 15 lakhs | Rs 10 lakhs |
| Minimum FD | Rs 1.6 lakhs | Rs 65,000 |
| Joining Fee | Rs 1,500 | Rs 399 |
| Annual Fee | Rs 2,000 p.a. (waived on spending Rs 3 lakhs in the previous financial year) | Rs 999 p.a. (waived on spending Rs 1 lakh in the previous financial year) |
| Add on Card Fee | Rs 500 | Rs 399 |
Different Types of PNB Fixed Deposit Schemes
PNB (Punjab National Bank) offers a range of fixed deposit schemes to cater to the diverse needs of its customers. These schemes provide a secure and profitable investment option for individuals looking to grow their savings. Here, we will discuss the various types of PNB FD schemes:
1. PNB Special Term Deposit Scheme:
This scheme is designed for customers who want to invest a lump sum amount for a specific period. It offers attractive interest rates and flexible tenure options.
2. PNB Anupam Term Deposit Scheme:
This scheme is specifically designed for senior citizens. It offers higher interest rates to individuals above the age of 60, providing them with a stable source of income during their retirement years.
- Built-in overdraft feature
- Deposits ranging from Rs. 10,000 to Rs. 99,99,000
3. PNB Sugam Term Deposit Scheme:
This scheme is ideal for individuals who prefer a hassle-free investment option. It offers a simplified process and allows customers to open a fixed deposit account with minimal documentation.
- FDs available from Rs.10,000 to Rs.10 crore.
- Tenure starting from 46 days.
- No penalty on premature part/full withdrawal.
4. PNB Bal Vikas Deposit Scheme:
This scheme is aimed at parents or guardians who wish to secure their child’s future. It provides a higher interest rate and allows customers to open a fixed deposit account in the name of their child.
5. PNB Multi Benefit Term Deposit Scheme:
This scheme offers the dual benefit of investment and insurance coverage. It provides a higher interest rate along with life insurance coverage, ensuring financial security for the depositor and their family.
6. PNB Tax Saver Fixed Deposit Scheme:
This scheme is designed to help individuals save on taxes. It offers tax benefits under Section 80C of the Income Tax Act, allowing customers to avail deductions on their fixed deposit investments.
- You can deposit a maximum of Rs. 1.5 lakh per financial year.
- The tenure of the deposit can be up to 10 years.
- There is a lock-in period of 5 years.
- Senior citizens are eligible for an additional 1% interest rate, which includes the interest rate offered under this scheme.
7. PNB Floating Rate Term Deposit Scheme:
This scheme provides customers with the flexibility to earn interest at a floating rate, which is linked to the prevailing market rates. It allows individuals to take advantage of potential interest rate fluctuations.
- You can start with a minimum deposit of Rs.1,000, and you can add multiples of this amount.
- The tenure options range from as short as 7 days to as long as 10 years.
8. PNB Lakhpati Deposit Scheme:
This scheme is aimed at individuals who aspire to become a “Lakhpati” (a person with a net worth of one lakh or more). It offers higher interest rates and encourages customers to save regularly to achieve their financial goals.
In conclusion, Punjab National Bank offers a wide range of fixed deposit schemes to suit the varying needs and preferences of customers. These schemes provide a safe and lucrative investment avenue, ensuring steady growth of savings over time.
PNB Fixed Deposit: Key Features and Benefits
PNB FD deposit account: A fixed deposit is a popular investment option offered by Punjab National Bank (PNB) that provides a secure and reliable way to grow your savings. (PNB FD deposit account) Here are some of the key features and benefits of PNB Fixed Deposit.
- Premature withdrawal: All PNB bank FDs can be withdrawn prematurely, except for the tax-saving FD. A 1% penalty on the interest is charged by Punjab National Bank for premature withdrawals, although the penalty is subject to change as per PNB terms and conditions.
- Nomination facility: PNB FD investors can nominate beneficiaries for their FDs.
- Auto-renewal: Investors have the option to opt for auto-renewal of their PNB FDs.
- Safety: The Deposit Insurance Scheme of RBI covers all PNB deposits. This scheme provides coverage for PNB deposits up to INR 5,00,000.
- Additional payments: Once a Punjab National Bank FD has commenced, investors cannot deposit an add.
PNB Bank Fixed Deposit Schemes
- FD Scheme for Road Accident Victims
- Anupam Term Deposit Scheme
- Multi Capital Gain Account Scheme
- Multi-Benefit Term Deposit Scheme
- Special Term Deposit Scheme
- Sugam Term Deposit Scheme
- Ordinary Term Deposit Scheme
- Varshik Aay Yojana (VAY) Deposit Scheme
- PNB Tax Saver Fixed Deposit Scheme
- Pranam Fixed Deposit Scheme
- Floating Rate Fixed Deposit Scheme
- Bulk Fixed Deposit Scheme (ABOVE Rs.10 CRORE)
- Growth Fixed Deposit Scheme
- NRE Rupee Sugam Term Deposit Scheme
- NRO Sugam Term Deposit Scheme
- Motor Accident Claims Annuity Deposit (MACAD) Scheme
- PNB Uttam Term Deposit Scheme
- PNB Balika Siksha Deposit Scheme
- PNB Systematic Deposit Plan
PNB Fixed Deposit Eligibility Criteria
PNB FD Eligibility Criteria: When considering opening a fixed deposit account with Punjab National Bank (PNB), there are certain eligibility criteria that you need to meet. (PNB FD Eligibility Criteria) These criteria ensure that you are eligible to avail the benefits of a PNB fixed deposit. Here are the key eligibility requirements:
1. Age: You must be at least 18 years old to open a fixed deposit account with PNB. PNB FD Eligibility Criteria, Minors can also open an account, but it requires a joint account with a parent or guardian.
2. Citizenship: PNB fixed deposits are available to Indian residents, as well as NRIs (Non-Resident Indians). NRIs can open an NRE (Non-Residential External) or NRO (Non-Residential Ordinary) fixed deposit account.
3. Minimum Deposit Amount: PNB requires a minimum deposit amount to open a fixed deposit account. The minimum amount may vary depending on the type of fixed deposit account you choose.
4. Tenure: PNB offers fixed deposit accounts with various tenure options, ranging from 7 days to 10 years. You can select a tenure that suits your financial goals and preferences.
5. Joint Accounts: PNB allows individuals to open joint fixed deposit accounts with family members or business partners. Joint accounts offer the advantage of shared ownership and can be beneficial for tax purposes.
By fulfilling these eligibility criteria, you can open a PNB fixed deposit account and enjoy the benefits of a secure and reliable investment option. PNB FD Eligibility Criteria It is advisable to consult with PNB representatives or visit their official website for detailed information on eligibility criteria and account opening procedures.
Required Documents for Opening a PNB Fixed Deposit
PNB FD Eligibility Criteria Identification proof:
- Aadhaar card
- Voter ID card
- Driving licence
- PAN card
PNB FD Eligibility Criteria Address proof:
- All related KYC documents
- Utility bills such as electricity bill and gas bill
- Passport-size photographs
- Bank account statements
Calculating PNB FD Interest Rate: (PNB FD Rates Calculator)
PNB FD Rates Calculator: Calculating the interest you will earn from your fixed deposit with Punjab National Bank (PNB) is made easy with the help of a fixed deposit interest rate calculator. This tool is particularly beneficial for potential investors as it enables them to determine the amount they should invest in order to achieve their desired returns. PNB FD Rates Calculator To calculate (PNB FD Rates Calculator) the total earnings from your PNB fixed deposit, several factors must be taken into account. Let’s explore some of these factors below.
Process to open a PNB FD deposit account?
To open a PNB Bank FD account, you have multiple options available:
- Internet Banking: Use the PNB Bank’s internet banking platform to open an FD account online.
- Mobile App: Download the PNB Bank mobile app and follow the steps to open an FD account using your smartphone.
- Offline: Visit a PNB Bank branch in person, complete the necessary paperwork, and submit it to open an FD account.
By providing these various modes, PNB Bank offers flexibility to customers, allowing them to choose the method that is most convenient for them to open an FD account.
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The highest interest rate on Punjab National Bank 1 year FD scheme is 6.75% p.a.
For general citizens, PNB offers FD interest rates between 3.05% to 7.25% for tenure ranging between 7 days to 10 years. pnb fd rates calculator The highest interest rate of 7.25% is offered on tenure of 444 days. For deposits maturing in 1 year, the bank has cut the interest rate by 5 bps from 6.80% to 6.75% for regular citizens
Pnb Fd interest Rates
Punjab National Bank (PNB) offers FD interest rates of 3.50-7.25% p.a. to the general public and 4.00-7.75% p.a. to senior citizens on tenures ranging from 7 days to 10 years. (PNB FD deposit account) The interest rate on PNB Tax Saving FDs is 6.50% p.a. to the general public and 7.00% p.a. for senior citizen depositors.
