Pnb Fixed Deposit Rates
- Pnb Fixed Deposit Rates 2019
- Pnb Fixed Deposit Rates
- Pnb Fixed Deposit Rates In Hindi
- Pnb Fixed Deposit Rates For Senior Citizens
We know that everyone wants to save the amount they have. Sometimes, they want to keep, but due to some issues, they need to spend a particular amount. That is the reason most of the banks started providing attractive interest rates on opening fixed deposits account with them. It means you cannot break the bond or account until the Tenure. In this way, you can keep your money safe. Therefore, we will be talking about PNB fixed deposit rates.
- Get all the details on Company Fixed Deposits in India, List of Companies for Fixed Deposits, Interest Rates, Fixed Deposits Rating, Fixed Deposits Schemes and Company Fixed Deposits 2021.
- PNB Revised Rates of FD Punjab National Bank has revised its FD rates effective from February 17, 2020. The interest rates for 7 to 45 days are 4.50%, for 46 to 179 days it is 5% and 180 days to less than 1 year it is 5.75%. The rate for long tenures such as 1 year and up to 10 years is 6.05%.
- PNG Housing fixed deposit interest rates are higher than others. It offers various saving schemes to customers to make a choice. You can select any of these to invest your money for a pre-defined period. FD @ 8.00%. Rate. PNB Housing Fixed Deposits Interest Rates. Regular Deposit Up to INR 5 Crore.
Punjab National Bank Fixed Deposit Interest Rates:
FD interest rates Punjab National Bank (below Rs 2 crore) effective January 1, 2021:On fixed deposits maturing in the range of 7 days to 10 years, PNB is offering an interest rate ranging between.
The interest rate depends upon the Tenure you pick and how old are you? It means if you come under the senior citizen scheme, then probably you’ll be getting more interest rates on opening fixed deposit account with Punjab national bank. Anyway, let me tell you about the interest rates based on different scheme, Tenure and group of people.
- PNB Short Term FD Rates
- PNB Medium Term FD Rates
- PNB long term FD rates
- PNB FD Rates for senior citizen
#1 PNB Short Term FD Rates
You need to know that the rate of interest you’ll be getting for choosing short term deposits are something near about 4.50% to 6.60% P/A. It is for 7 Days to 1 Year Tenure.
#2 PNB Medium Term FD Rates
You need to know that the rate of interest you’ll be getting for choosing medium-term deposits are something near about 6.50% to 6.60% P/A. It is for 1 Year to 5 Years Tenure.
#3 PNB Long Term FD Rates
You need to know that the rate of interest you’ll be getting for choosing long-term deposits are something near about 6.50% P/A. It is for more than 5 Years Tenure.
#4 PNB FD Rates for senior citizen
The interest rates for senior citizen fixed deposit account is around 7% P/A in Punjab national bank. It is usually 0.50% more than regular FD interest rates.
Read More – Canara Bank Net Banking Login Guide
How to Open the PNB Fixed Deposit Account?
You can open Punjab national bank fixed deposit account for Rs 25000 or more. You can open either by visiting the bank following traditional and old method or via internet banking of Punjab national bank. Both of the options are perfect, and there is no difference in interest rates on both of the methods.
Frequently Asked Questions:
There are some questions which are frequently asked by the customers related to PNB Fixed Deposits account. Let me clear some of the queries here itself.
- Do interest rates change on Term Deposits from time to time?
- Do you need to pay the tax on the interest?
- What are the consequences if you have not provided your PAN card?
- How is interest paid to term deposit holder?
- Is the interest rate same on e-FD and regular FD?
#1 Do interest rates change on Term Deposits from time to time?
Yes, it depends upon the bank, and they can change the rate of interest anytime. However, you’ll be getting the same rate of interest, in which you have opened your FD account.
#2 Do you need to pay tax on the interest?
Yes, you need to pay tax on the interest you earn if the interest is more than Rs 10000 per financial year.
#3 What are the consequences if you have not provided your PAN card?
If you have not provided your PAN card while opening FD account, then you’ll be charged more TDS rate. You will not receive the TDS certificate, and you cannot claim your TDS credit from the income tax department. It is better to provide PAN card copy while opening a fixed deposit account with PNB.
#4 How is interest paid to term deposit holder?
The interest a customer earns during the Tenure of their fixed deposit account will automatically get credited to their linked savings bank account.
#5 Is the interest rate same on e-FD and regular FD?
Yes, the interest rates are the same on e-FD and regular FD. There is no difference. The only difference is in the process of opening the FD account.
Conclusion:
Punjab national bank is one of the widest and leading banks of India. This bank is giving fierce competition to other government banks by providing attractive interest rates on opening a fixed deposit account with them. In this post, we have added all the required details you need to know about Punjab national bank fixed deposits. If there is anything else to ask, then you can ask us in the comments section related to this article.
Hey, this is Johny Sehgal. I am the owner and caretaker at Finance Jungle. I completed my education in BSC and now heading towards the digital marketing industry. I usually have interests in reading, playing games and watching movies. I also love to write content based on quality information. The main motive of mine is to provide the top and best quality information to my readers. Finance Jungle is the blog for the same.
Table of Contents
- 2 PNB Fixed Deposit Interest Rate Table
- 2.6
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
| Tenure | ROI For Amount Less than 2 Crore (w.e.f. 17.02.2020) | ROI For ₹ 2 Crore To ₹ 10 Crore (w.e.f. 17.02.2020) | |
|---|---|---|---|
| General (%p.a.) | Senior Citizen (%p.a.) | General (%p.a.) | |
| 7 days to 29 days | 4.50 | 5.00 | 4.00 |
| 30 days to 45 days | 4.50 | 5.00 | 4.00 |
| 46 days to 90 days | 5.00 | 5.50 | 4.75 |
| 91 days to 179 days | 5.00 | 5.50 | 4.75 |
| 180 days to 270 days | 5.75 | 6.25 | 4.90 |
| 271 days to less than 1 year | 5.75 | 6.25 | 4.90 |
| 1 year | 6.05 | 6.55 | 5.15 |
| Above 1 year to 3 years | 6.05 | 6.55 | 5.15 |
| Above 3 years to 5 years | 6.05 | 6.55 | 5.15 |
| Above 5 years to 10 years | 6.05 | 6.55 | 5.15 |
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.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹100 |
| Maximum Investment Amount | ₹99,99,000 |
| Minimum Investment Period | 7 days |
| Maximum Investment Period | 179 days |
| Loan/Overdraft Facility | Available |
| Interest Payout Option | Quarterly or at maturity |
| Nomination Facility | Available |
| TDS | Applicable |
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.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹100 |
| Maximum Investment Amount | ₹99,99,000 |
| Minimum Investment Period | 6 months |
| Maximum Investment Period | 120 months |
| Loan/Overdraft Facility | Available |
| Nomination Facility | Available |
| TDS | Applicable |
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.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹100 |
| Maximum Investment Amount | ₹99,99,000 |
| Minimum Investment Period | 1 year |
| Maximum Investment Period | 10 years |
| Interest Payout Option | Monthly at discounted value or quarterly or compounded quarterly |
| Nomination Facility | Available |
| TDS | Applicable |
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.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹100 |
| Maximum Investment Amount | ₹99,99,000 |
| Additional Investment Amount | 1 In multiples of ₹1,000 |
| Minimum Investment Period | 6 months |
| Maximum Investment Period | 120 months |
| Nomination Facility | Available |
| TDS | Applicable |
| Loan/Overdraft Facility | Available |
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.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹10,000 |
| Maximum Investment Amount | ₹10,00,00,000 |
| Additional Investment Amount | In multiples of ₹1 |
| Minimum Investment Period | 46 days |
| Maximum Investment Period | 120 months |
| Nomination Facility | Available |
| TDS | Applicable |
| Interest Payout Option | Monthly 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.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹10,000 |
| Maximum Investment Amount | ₹ 99,99,000 |
| Additional Investment Amount | ₹1,000 |
| Minimum Investment Period | 24 months |
| Maximum Investment Period | 120 months |
| Nomination Facility | Available |
| TDS | Applicable |
| Interest Payout Option | Annually, on quarterly compound basis |
| Loan/Overdraft Facility | Available |
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.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹100 |
| Maximum Investment Amount | ₹1,50,000 |
| Lock-In-Period | 5 years |
| Minimum Investment Period | 5 years |
| Maximum Investment Period | 10 years |
| Nomination Facility | Available after 5 years lock in period |
| Loan Facility | Applicable |
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.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹100 |
| Maximum Investment Amount | ₹99,99,999 |
| Additional Investment Amount | In multiples of ₹1 |
| Minimum Investment Period | 1 year |
| Maximum Investment Period | 10 year |
| Loan/Overdraft Facility | Available |
| TDS | Applicable |
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.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹1,000 |
| Minimum Investment Period | 7 days |
| Maximum Investment Period | 10 years |
| Loan/Overdraft Facility | Available |
| Premature Withdrawal | Allowed |
| Nomination Facility | Available |
| TDS | Applicable |
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.
Pnb Fixed Deposit Rates 2019
Documentation
| ID Proof | Address Proof |
|---|---|
| Passport | Passport |
| PAN Card | Telephone Bill |
| Driving License | Electricity Bill |
| Voter ID | ID Card Issued by Post Office |
| Government ID Card | Bank Statement with Cheque |
| Senior Citizen ID Card | Any 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.
Pnb Fixed Deposit Rates
Pnb Fixed Deposit Rates In Hindi
Features
Pnb Fixed Deposit Rates For Senior Citizens
- Multiple Investment schemes
- Nomination facility available
- Avail loan/ overdraft against fixed deposit
- Attractive rate of interest
- Additional 0.50% interest to senior citizen