PNB Interest Rates on FD, Dec 2016

Fixed Deposit Interest Rate of PNB

Last Updated 24th Nov 2016
Tenure General Rates Senior Citizen Rates
7 days to 14 days 4.25% 4.75%
15 days to 29 days 4.25% 4.75%
30 days to 45 days 4.75% 5.25%
46 days to 90 days 6.25% 6.75%
91 days to 179 days 6.50% 7.00%
180 days to 270 days 6.75% 7.25%
271 days to 364 days 6.75% 7.25%
1 year 7.00% 7.50%
1 year 1 day to 2 years 6.90% 7.40%
2 years 1 day to 5 years 6.90% 7.40%
5 years 1 day to 10 years 6.70% 7.20%
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  • PNB offers FD interest rates upto 7.00% per annum.
  • Interest on deposits with PNB is typically compounded quarterly.
  • PNB accepts deposits starting at Rs. 100 for various tenures.
  • For senior citizens (age more than 60 years), PNB offers higher interest rate over and above rates mentioned below.
Calculate PNB
FD Maturity Amount

PNB Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, PNB pays 1% lower ROI than that applicable for actual duration of deposit.

Loan against PNB FD

  • PNB offers loan upto 90% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

PNB Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with PNB, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of PNB in your city - Find PNB Branches here

About PNB

Punjab National Bank (PNB) is a nationalised public sector bank, headquartered in New Delhi. Founded in 1895 and having more than 120 years of experience in the Indian market, PNB is the second largest public sector bank of India with a wide presence of 6,081 branches, 6940 ATMs and a customer base of 8.9 crore as on March 2014. PNB has over 63,000 employees to cater to the needs of consumers across the country. The bank also has a reasonable large international presence with its subsidiary in UK and branches in Hong Kong, Dubai etc. as it tends to focus on NRIs as well. PNB has equity shares listed on BSE and NSE with its majority shareholder being Govt. of India. As on June 2014 PNB had assets worth Rs 5,46,808 crore showing a growth of 13.6% over last year. PNB also recorded a net profit of Rs 3,343 crore and total advances of Rs. 3,49,269 crore for the year ended March 2014. PNB has been a pioneer in experimenting and introducing various innovative business models to improve financial inclusion in the country. It was awarded Golden Peacock Innovative Product /Service Award 2014 by Institute of Directors and it was ranked 170th on the list of Top 1000 banks worldwide by The Banker Magazine in 2013.

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News - Dec 2016
09th Dec 16 PNB organizes financial literacy cum Digital Banking camp
Punjab National Bank organised an awareness camp on Digital Banking. The camp was held at the branch of village Kotli Jabowal, Arnia on Indo-Pak border. The focus of the camp was to spread awareness about the benefits of opening a saving account and using digital banking applications.
07th Dec 16 PNB partners with Ola to deploy mobile ATMs
Punjab National Bank has announced partnership with Ola (Cab aggregators) to facilitate cash withdrawal to citizens via mobile ATM machines. The bank will deploy mobile ATM machines in Ola cabs that will initially target the area around Delhi and NCR.
01st Dec 16 Punjab National Bank reduces its MCLR up to 10 bps
Punjab National Bank has reduced its overnight and six months marginal cost of lending rates to 8.90 and 9.10 percent from 9 and 9.20 percent earlier. Minimum MCLR rates for one year and five year tenure are also reduced by 10 basis points to 9.15 and 9.45 percent from 9.25 and 9.50 percent respectively. New rates are effective from 1st December, 2016.
11th Nov 16 PNB to calibrate their 10,000 ATMs by the end of the month to disburse new notes
Punjab National Bank plans to adjust their 10,000 ATM machines to disburse new currency notes of Rs. 500 and Rs. 2,000 by the end of the month. The step is taken after Prime Minister announced the demonetization of Rs. 500 and Rs. 1,000 notes to remove black money from the economy.
07th Nov 16 PNB net profit falls by 11.5 percent in July to September quarter, bad loan rises
Punjab National Bank reported a decline in its net profit by 11.5 percent in July to September quarter due to rise in bad loans. The net profit fell to Rs. 549.36 crores as compared to Rs. 621.03 crores in same quarter of last year. Provision for bad loans increased by 34.6 percent to Rs. 2,534 crores from Rs. 1,882 crores in same period last year.
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