PNB FD Rates: Amidst rising inflation and unemployment rates, everyone dreams of earning money—specifically through work that not only maintains social dignity but also allows for substantial financial gain. In today’s fast-paced world, people can easily earn money from the comfort of their own homes—and do so without risk, backed by a 100% guarantee of returns. You can generate substantial earnings by opening a Fixed Deposit (FD) account with Punjab National Bank (PNB), the country’s second-largest bank.
Account holders are currently being offered attractive interest rates on their FDs. PNB provides its customers with interest rates ranging from a minimum of 3% up to a maximum of 7.40% on their FD accounts. Given this, if you were to open an FD with PNB for a tenure of 5 years (i.e., 60 months) and deposit ₹2 lakh, how much interest would you earn upon maturity? You can understand the intricacies of this calculation in the article below.
PNB FD Interest Rate Overview
- Bank: Punjab National Bank (PNB) – India’s second-largest bank
- Interest Rate Range: 3% (minimum) to 7.40% (maximum)
- Minimum Tenure: 7 days
- Maximum Tenure: Up to 10 years
🔹 Tenure-wise Interest Rates (General Citizens)
| Tenure | Interest Rate Range |
|---|---|
| 7 days | 3% – 3.80% |
| 91 days | 4.90% – 5.70% |
| 303 days | 5.55% – 6.35% |
| 444 days | 6.60% – 7.40% |
| 5 years (60 months) | 6.10% – 6.90% |
How Much Interest is Punjab National Bank Offering on FDs?
PNB is offering attractive interest rates on Fixed Deposits. At this bank, you can open an FD account for a minimum tenure of just 7 days. Additionally, PNB allows you to open an FD account for a maximum tenure of up to 10 years. For the 7-day FD scheme, customers are being offered interest rates ranging from 3% to 3.80%.
For FD schemes with a tenure of 91 days, interest rates range from 4.90% to 5.70%. Furthermore, for the 303-day FD scheme, interest rates range from 5.55% to 6.35%, while for the 444-day scheme, rates range from 6.60% to 7.40%. Meanwhile, for the 5-year (or 60-month) FD scheme, interest is being provided at rates ranging from 6.10% to 6.90%.
How Much Interest Will You Earn on a ₹2 Lakh Deposit with PNB?
If you open a Fixed Deposit account with PNB for a sum of ₹2 lakh, you stand to earn a substantial amount of interest. PNB is currently offering the highest interest rates on its special 444-day Fixed Deposit (FD) scheme. This special FD scheme was launched by PNB very recently.
If a general citizen deposits ₹2 lakh in PNB’s 60-month FD scheme, they will receive a total maturity amount of ₹2,70,701, which includes an interest component of ₹70,701. In contrast, over the same five-year period, senior citizens will earn interest amounting to ₹77,445.
Consequently, senior citizens will receive a total payout of ₹2,77,445. Super senior citizens, meanwhile, will earn a total return of ₹2,81,568, comprising the principal amount plus fixed interest of ₹81,568.
