PNB FD Rates 2023, Punjab National Bank Fixed Deposit Rates

PNB FD Rates 2023: Punjab National Bank’s Regular Fixed Deposit ensures that your earnings grow steadily and effortlessly. Its key features like attractive interest rates, multiple interest payout options, and zero penalties on premature closure make it the ideal investment for your hard-earned money.

The PNB offers a wide range of Fixed Deposits (FDs) that offer a good rate of return and come with various other benefits. Some of the features of PNB FDs include nomination facility, flexible tenure options, auto renewal facility, different interest payout options, loan/overdraft facility, Etc. It is very easy to open a PNB FD online and this can be done at the click of a button in a paper-free manner.

A Fixed Deposit (FD) is one of the most popular financial instruments among the general saving public in India as it provides a higher rate of interest than a regular savings account. Fixed Deposit (FD) is the safest of investments that give high returns after a period.

PNB offer you great rates, flexibility and security for your fixed deposits, with even higher interest for our senior citizens. Enjoy our facilities of booking your deposit through Netbanking, and the facility of automatic renewal. Minimum investment amount can be as low as INR 1000/-

Mentioned below are the applicable Fixed Deposit Interest Rates for the mentioned tenures. The below mentioned Fixed Deposit Interest rates are effective from 1st July 2023. Accordingly, the interest rates for Retail Domestic Term Deposits ‘Below Rupees One Crore ‘have been revised.The revised interest rates are as under :

(All figures in % per annum)

1. For Domestic & NRE*/NRO Retail Fixed Deposits (for amounts less than INR 2 Crore)

Domestic/NRO $ TD Less Than Rs.2 Cr. W.E.F. 1st July 2023

Period	For Public	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	5.50	6.00	6.30
271 Days to < 1 Year	5.80	6.30	6.60
1 Year	6.75	7.25	7.55
>1Year to 443 Days	6.80	7.30	7.60
444 Days	7.25	7.75	8.05
445 Days to 2 Years	6.80	7.30	7.60
above 2 years & upto 3 years	7.00	7.50	7.80
above 3 years & upto 5 years	6.50	7.00	7.30
above 5 years & upto 10 years	6.50	7.30	7.30

* Annualized Yield in % terms at the beginning of the slab.

* Annualized Yield in % terms at the beginning of the slab

The revised interest rates will be applicable to fresh Deposits and renewal of existing deposits with effect from 1st July 2023.

# The rates for Rs.2 Crore to Rs.10 Crore are not to be loaded with additional rates of interest for Sr. Citizens, staff accounts, etc.

The Senior citizens shall get an additional rate of interest of 50 bps over applicable card rates for all maturities on domestic deposits of less than Rs. 2 Crore. In case of staff members as well as retired staff members who are also Senior Citizens, the maximum rate of interest to be allowed over applicable card rate shall be 150 bps except in the case of the PNB Tax Saver Fixed depost scheme, where the maximum rate of interest to be allowed over applicable card rate is 100 bps.

Period	Revised Rates For Public
7 days to 14 days	6.00
15 days to 29 days	6.00
30 days to 45 days	6.00
46 days to 60 days	6.40
61 days to 90 days	6.25
91 to 179 days	6.50
180 days to 270 Days	6.50
271 days to less than 1 year	6.50
1 year	7.00
above 1 year & upto 2 years	6.50
above 2 year & upto 3 years	6.50
above 3 year & upto 5 years	6.25
above 5 years & upto 10 years	5.60

Note: The FD interest rates are effective as of 18 May 2023. It can change at the discretion of the bank.

Both new and existing customers of Punjab National Bank can open a Fixed Deposit.
Following are the types of customers who can open fixed deposit accounts: Individuals, Minors, Proprietorship, HUF (Hindu Undivided Family), Registered and Unregistered Body, Cooperative Society, Trusts, Partnerships, NGO and, Private Limited.

Visit the nearest branch of Punjab National Bank and our Relationship Manager will guide you on the application process.
Toll-Free No. 1800 180 2222 OR 1800 103 2222

Eligibility