PNB FD Calculator
PNB Fixed Deposit Calculator 2021
PNB FDs have tenures ranging from 3 years 1 day to 10 years with maximum rate of interest of 5.30%. Interest rates for senior citizens are higher than the normal rates and ranges upto 5.80%.
| Tenure | Rates | Maturity Amount for ₹ 1 Lakh |
|---|---|---|
| 7 days to 14 days | 3.00% to 3.50% | ₹ 1,00,058 - ₹ 1,00,134 |
| 15 days to 29 days | 3.00% to 3.50% | ₹ 1,00,123 - ₹ 1,00,278 |
| 30 days to 45 days | 3.00% to 3.50% | ₹ 1,00,247 - ₹ 1,00,432 |
| 46 days to 90 days | 3.25% to 3.75% | ₹ 1,00,410 - ₹ 1,00,925 |
| 91 days to 179 days | 4.00% to 4.50% | ₹ 1,00,997 - ₹ 1,02,219 |
| 180 days to 270 days | 4.40% to 4.90% | ₹ 1,02,181 - ₹ 1,03,668 |
| 271 days to 364 days | 4.50% to 5.00% | ₹ 1,03,378 - ₹ 1,05,080 |
| 1 year | 5.20% to 5.70% | ₹ 1,05,302 - ₹ 1,05,823 |
| 1 year 1 day to 2 years | 5.20% to 5.70% | ₹ 1,05,317 - ₹ 1,11,985 |
| 2 years 1 day to 3 years | 5.20% to 5.70% | ₹ 1,10,902 - ₹ 1,18,506 |
| 5 years 1 day to 10 years | 5.30% to 5.80% | ₹ 1,30,135 - ₹ 1,77,862 |
| 3 years 1 day to 5 years | 5.30% to 5.80% | ₹ 1,17,128 - ₹ 1,33,365 |
PNB Fixed Deposit Calculator
PNB fixed deposit calculator helps you to calculate maturity value of your deposited amount at the interest rate offered compounded at quarterly. The amount of fixed deposits, interest rates on FD, deposit tenure and compounding frequency of interest together determine the maturity amount of the FD at the end of the tenure.
PNB Fixed Deposit Interest Calculator – Interest Payment Options
FD Maturity Calculator
The interest earned on a fixed deposit in PNB depends on the deposit amount, interest applicable, deposit tenure and the type of interest calculation frequency. Interest on PNB FD can be calculated monthly, quarterly, half-yearly and annually. The interest rates for senior citizens are higher than normal rates of PNB FD.
Suppose if you make an investment of ₹ 1,00,000 in PNB FD for a 5-year tenure at an interest rate of 5.30% for depositors below 60 years and 5.80% for senior citizens. The maturity amount for this deposit amount is ₹ 1,30,116 and the total interest earned is ₹ 30,116 for below 60 years age citizens. However, the interest earned for senior citizens is ₹ 33,365 which is higher. The maturity schedule of PNB FD for 5 years is explained below in the table –
Maturity Schedule for ₹ 1,00,000 FD at 5.30% for Citizens below 60 years and at 5.80% for Senior Citizens for 5 years
| Year | Citizens below 60 Years of Age | Senior Citizens above 60 Years | ||||
|---|---|---|---|---|---|---|
| Interest Earned | Closing Balance | Interest Earned | Closing Balance | |||
| 2021 | ₹ 5,406 | ₹ 1,05,406 | ₹ 5,927 | ₹ 1,05,927 | ||
| 2022 | ₹ 5,699 | ₹ 1,11,105 | ₹ 6,279 | ₹ 1,12,206 | ||
| 2023 | ₹ 6,007 | ₹ 1,17,112 | ₹ 6,651 | ₹ 1,18,857 | ||
| 2024 | ₹ 6,331 | ₹ 1,23,443 | ₹ 7,045 | ₹ 1,25,902 | ||
| 2025 | ₹ 6,674 | ₹ 1,30,117 | ₹ 7,463 | ₹ 1,33,365 | ||
PNB FD Calculator Formula
Along with online FD Calculator, you can use the formula to do the mathematical calculation of the maturity amount and interest earned on PNB FD.
A = P (1 + r/n) ^ n*t
In the above formula –
Other Investment Calculators
FAQs
✅What is the highest interest earned on PNB fixed deposit?
You can earn a maximum interest of 5.30% on PNB fixed deposit.
✅How is PNB FD interest calculated?
The formula to calculate interest on PNB FD is
A = P(1+r/n)^nt
Here: A = Maturity amount
P = Invested amount
r = Interest rate as decimal
n = number of times interest is compunded
t = tenure of deposit
However, you can use online FD calculator to estimate the value of interest earned on the deposited amount.
✅How many years FD will double in PNB?
The growth of PNB FD depends on the rate of interest and tenure. There is a method called Rule 72, which computes the number of years it will take to double one’s amount invested in PNB FD. Now to apply the rule, one needs the rate of interest we get on FD. Let’s say the interest offered on FD is 6.95%. Now applying the rule, just divide the number 72 by the rate of interest. So 72/6.95 = 10.36. So it will take a little more than 14 years for one’s investment to get doubled in PNB.
✅What are the minimum and maximum amounts that I can invest in an PNB FD?
The minimum investment limit in PNB Fixed deposit account is ₹ 1,000 and there is no maximum investment limit on FD.
- 2020-12-29 : PNB completes IT integration of all branches of two merged entities
Punjab National Bank clarified that the customers of the former OBC Bank are now migrated to CBS of PNB wherein they can transact seamlessly via existing branches and digital banking channels like internet banking and mobile banking. The amalgamation of PNB, United Bank of India and OBC has come into effect from April 1, this year. The merger created the second-largest nationalized bank in terms of business and total branches. - 2020-12-08 : Punjab National Bank revised FD rates
Punjab National Bank revised its FD rates effective from 1 December 2020. The FD rates for 7 to 45 days is 3%, for 46 to 90 days it is 3.25 and for 91 to 179 days 4% and 180 to 270 days it is 4.40%. The rate for long tenors of 271 days to less than one year is 4.50% and the rate for one year to up to 3 years is 5.20%. Further, the FD rate for above 3 years to 10 years is 5.25%. - 2020-09-17 : Punjab National Bank changed FD rates
Punjab National Bank revised its FD rates effective from 1 September 2020. The FD rates for 7 to 45 days is 3%, for 46 to 90 days it is 3.25 and for 91 to 270 days it is 4.40%. The rate for long tenors of 271 days to less than one year is 4.50% and the rate for one year to up to 3 years is 5.25%. Further, the FD rate for above 3 years to 10 years is 5.30%. - 2020-05-06 : PNB revised FD rates
Punjab National Bank revised its FD rates effective from 1 May 2020. The FD rates for 7 to 45 days is 3.50%, for 46 to 179 days it is 4.50%, and for 180 days to 270 days it is 5%. The rate for long tenors of 271 days to less than one year is 5.25% and the rate for one year to up to 10 years is 5.75%. Further, the FD rate for special tenors of 333 days is 5.40%. - 2020-02-18 : PNB revised FD rates
Punjab National Bank revised its FD rates effective from February 17, 2020. The FD rates for 7 to 45 days is 4.50%, for 46 to 179 days it is 5% and 180 days to less then 1 year it is 5.75%. The rate for long tenors of 1 year and up to 10 years is 6.05%. Further, the FD rate for special tenors of 333 days is 5.85% and it is 6.05% for 444 days and 555 days. The revised rates are in effect from February 17, 2020.
