PNB FD Calculator
PNB Fixed Deposit Calculator 2022
PNB FDs have tenures ranging from 3 years 1 day to 10 years with maximum rate of interest of 5.25%. Interest rates for senior citizens are higher than the normal rates and ranges upto 5.75%.
| Tenure | Interest Rate for General Public | Interest Rate for Senior Citizens | Max Maturity Amount per Lakh |
|---|---|---|---|
| 7 days to 14 days | 2.90% | 3.40% | ₹ 1,00,056 - ₹ 1,00,130 |
| 15 days to 29 days | 2.90% | 3.40% | ₹ 1,00,119 - ₹ 1,00,270 |
| 30 days to 45 days | 2.90% | 3.40% | ₹ 1,00,238 - ₹ 1,00,419 |
| 46 days to 90 days | 3.25% | 3.75% | ₹ 1,00,410 - ₹ 1,00,925 |
| 91 days to 179 days | 3.80% | 4.30% | ₹ 1,00,947 - ₹ 1,02,120 |
| 180 days to 270 days | 4.40% | 4.90% | ₹ 1,02,181 - ₹ 1,03,668 |
| 271 days to 364 days | 4.50% | 5.00% | ₹ 1,03,378 - ₹ 1,05,080 |
| 1 year | 5.00% | 5.50% | ₹ 1,05,095 - ₹ 1,05,614 |
| 1 year 1 day to 2 years | 5.00% | 5.50% | ₹ 1,05,109 - ₹ 1,11,544 |
| 2 years 1 day to 3 years | 5.00% | 5.50% | ₹ 1,10,464 - ₹ 1,17,807 |
| 5 years 1 day to 10 years | 5.25% | 5.75% | ₹ 1,29,815 - ₹ 1,76,987 |
| 3 years 1 day to 5 years | 5.25% | 5.75% | ₹ 1,16,955 - ₹ 1,33,036 |
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PNB Fixed Deposit Calculator
PNB fixed deposit calculator helps you calculate maturity value of your deposited amount at the interest rate which is compounded 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.
How to Use MyLoanCare FD Calculator
Here is a simple procedure to use MyLoanCare FD calculator:-
PNB Fixed Deposit Interest Rate Calculator – Interest Payment Options
How is PNB FD Rate Calculated?
PNB calculates fd interest in two ways, one is cumulative and non-cumulative as discussed above. It is a decision made by you whether you want interest payout at the end of the tenure or monthly, quarterly, half-yearly or yearly. To earn more money you can go for a cumulative method because interest earned throughout the tenure is added to the principal amount and is compounded then. However, if you are looking for monthly income or so then you can go for non-cumulative.
PNB FD Maturity Calculation for 5 Year
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.
Let’s understand how much interest you will earn if you invest ₹ 1,00,000 in PNB FD for a 5-year tenure at an interest rate of 5.25% for depositors below 60 years and 5.75% for senior citizens.The maturity schedule of PNB FD for 5 years is explained below in the table –
Maturity Schedule for ₹ 1,00,000 FD at 5.25% for Citizens below 60 years and at 5.75% 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 | |||
| 2022 | ₹ 5,354 | ₹ 1,05,354 | ₹ 5,875 | ₹ 1,05,875 | ||
| 2023 | ₹ 5,641 | ₹ 1,10,995 | ₹ 6,220 | ₹ 1,12,095 | ||
| 2024 | ₹ 5,943 | ₹ 1,16,938 | ₹ 6,586 | ₹ 1,18,681 | ||
| 2025 | ₹ 6,261 | ₹ 1,23,199 | ₹ 6,973 | ₹ 1,25,654 | ||
| 2026 | ₹ 6,596 | ₹ 1,29,795 | ₹ 7,382 | ₹ 1,33,036 | ||
PNB FD Calculator Formula
Along with an 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 5.25% on PNB fixed deposits.
✅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.You can also use PNB fd calculator to calculate the maturity amount. Now to apply the rule, one needs the rate of interest we get on FD. Let’s say the interest offered on FD is 7.05%. Now applying the rule, just divide the number 72 by the rate of interest. So 72/7.05 = 10.21. 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.
✅Can I withdraw my premature FD from PNB?
Yes, you can withdraw your premature FD amount if you want money before the tenure ends. However, you might have to pay a penalty fee ranging from 1% of FD amount for premature withdrawal.
✅How can I calculate PNB premature FD amount?
To calculate premature FD amount you can use PNB bank fd calculator. All you have to put is the value of the invested amount, tenure, interest rate and premature penalty rate (if any).
- 2021-10-12 : PNB Introduces PNB Pranam Fixed Deposit Scheme
Punjab National Bank (PNB) has introduced a new fixed deposit scheme for senior citizen customers. A customer who has attained an age of 55 years can avail of this scheme and deposit maximum Rs 1,99, 99,999. - 2021-07-15 : OBC & UBI merged with PNB
After the merger of OBC and UBI with PNB in April 2020, PNB has now updated the IFSC codes of all the branches of PNB and UBI. New IFSC codes have come into effect from July 1, 2021. - 2021-05-17 : Revised Fixed deposits rates for PNB
Punjab National Bank revised its FD rates effective from 1 May 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%. - 2020-12-29 : 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%.
