PNB- Know How Rs 1.5 Lakh Deposit Can become Over Rs 1 Lakh Interest

PNB FD Scheme: The state-owned Punjab National Bank (PNB) is making headlines with its fixed deposit scheme. The bank is providing attractive interest rates on fixed deposits across various durations. Customers who invest in long-term FD schemes can anticipate higher returns, particularly if they place Rs 150,000 in the PNB FD scheme. Upon maturity, a customer could earn over Rs 1 lakh in interest. As a result, this scheme is becoming increasingly popular among those looking for secure investment options.

PNB FD Rates 2026

PNB offers fixed deposits with terms ranging from 7 days to 10 years. Some specific term plans provide enhanced interest rates. Reports indicate that the bank is offering up to 7.40% interest on FDs with a tenure of 444 days. Meanwhile, long-term FDs, spanning from 5 to 10 years, yield interest rates between 6% and 6.80% for regular customers. These rates are even more favorable for senior citizens and very senior citizens. Customers with longer investment periods are likely to enjoy better returns.

Punjab National Bank allows its customers to open FD accounts for a minimum term of just 7 days to a maximum of 10 years. The bank’s 444-day FD scheme offers the most attractive interest rates, offering customers interest rates ranging from 6.60% to 7.40%. Meanwhile, PNB offers interest rates ranging from 6.00% to 6.80% on long-term FDs ranging from 5 to 10 years.

Know investment option

For instance, if an average citizen invests Rs 1.5 lakh in PNB’s 8-year FD scheme, they can expect a total of Rs 2,35,901 upon maturity, which includes approximately Rs 85,901 in interest. Simultaneously, this scheme is proving to be even more advantageous for senior citizens. If they invest Rs 1.5 lakh for the same duration, they can receive a total of Rs 2,57,254 at maturity, which means around Rs 1,07,254 in interest.

According to bank officials, there is also an additional interest benefit for senior and very senior citizens on FDs with terms of 5 to 10 years. However, it is crucial to thoroughly understand the interest rates and terms before making an investment, as banks frequently update their FD rates. Therefore, it is advisable to check the bank’s official website or visit the nearest branch prior to investing.