PNB FD Rates 2022: 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.
Key Benefits for PNB FD Rates
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/-
PNB FD Interest Rates 2022
Mentioned below are the applicable Fixed Deposit Interest Rates for the mentioned tenures. The below mentioned Fixed Deposit Interest rates are effective from 1 May 2021. 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. 01.03.2022
Rate Of Interest On Single Domestic / NRO / NRE Term Deposits (TD) Up To Rs.2 Cr. (Callable)
| Period | ROI (% p.a.) | For Senior Citizen ROI (% p.a.)** |
| 7 to 14 days | 2.90 | 3.40 |
| 15 to 29days | 2.90 | 3.40 |
| 30 to 45 days | 2.90 | 3.40 |
| 46 to 90 days | 3.25 | 3.75 |
| 91 to 179 days | 3.80 | 4.30 |
| 180 days to 270 Days | 4.40 | 4.90 |
| 271 days to less than 1 year | 4.40 | 4.90 |
| 1 year | 5.00 | 5.50 |
| above 1 year & upto 2 years | 5.00 | 5.50 |
| above 2 year & upto 3 years | 5.10 | 5.60 |
| above 3 year & upto 5 years | 5.25 | 5.75 |
| above 5 years & upto 10 years | 5.25 | 5.75 |
* Annualized Yield in % terms at the beginning of the slab.
* Annualized Yield in % terms at the beginning of the slab.
Terms
* 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 1.03.2022.
# The rates for Rs.2 Crore to Rs.10 Crore are not to be loaded with additional rate 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, maximum rate of interest to be allowed over applicable card rate shall be 150 bps except in case of PNB Tax Saver Fixed depost scheme, where the maximum rate of interest to be allowed over applicable card rate is 100 bps.
2. PNB UTTAM FIXED DEPOSIT SCHEME
(Non-Callable) (For Deposit Above 15 Lakh)
W.E.F. 01.08.2021
| 15 Lakh To Rs.2cr | Rs.2 Cr. To Rs 10 Cr. | |
| Period | ROI (% p.a.) | ROI (% p.a.) |
| 91 to 179 days | 3.85 | 3.05 |
| 180 days to 270 Days | 4.45 | 3.05 |
| 271 days to less than 1 year | 4.45 | 3.05 |
| 1 year | 5.05 | 3.55 |
| above 1 year & upto 2 years | 5.05 | 3.55 |
| above 2 year & upto 3 years | 5.15 | 3.55 |
| above 3 year & upto 5 years | 5.30 | 3.55 |
| above 5 years & upto 10 years | 5.30 | 3.55 |
PNB FD Eligibility Criteria
- 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.
How to Apply for PNB FD
- 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
- Resident Indians
- Hindu Undivided Families
- Sole proprietorship firms
- Partnership firms
- Limited companies
- Trust accounts
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