PNB Interest Rates on FD, Mar 2017

Fixed Deposit Interest Rate of PNB

Last Updated 23rd Feb 2017
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%
Read Latest News on PNB Here
  • 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

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  • PNB FD rates with other banks in India

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.
News - Mar 2017
09th Feb 17 PNB plans to sell its stake in PNB housing finance and PNB Gilts
Punjab National Bank is planning to sell its stake in PNB Housing Finance and PNB Gilts in FY18. The bank expects to increase its capital base via selling. PNB holds stake in various entities such as UTI, PNB Housing Finance and PNB Gilts.
08th Feb 17 PNB registers a four times growth in its net profit in third quarter of FY17
Punjab National Bank has reported a four times growth in its net profit at Rs. 207 crores during third quarter of FY17 as compared to Rs. 51 crores for the corresponding period a year ago. Provisions for bad loans of the bank have reduced by 22 percent to Rs. 2,936 crore during the quarter on a year on year basis.
23rd Jan 17 PNB launches contactless credit card PNB Wave N Pay
Punjab National Bank has launched a contactless credit card named PNB Wave N Pay. Customers can make the transactions by waving the card across the terminal without entering their PIN number. The card has been launched at Visa Platinum Platform and will permit the transactions up to Rs. 2, 000.
21st Jan 17 PNB to offer technology platform for pilot launch of India Post Payments Bank (IPPB)
Punjab National Bank will provide a technology platform to a new bank India Post Payments Bank (IPPB) for its pilot launch. IPPB received the certificate of incorporation to set up a new bank from registrar of companies last year. The bank will be headquartered in New Delhi and plans to launch 650 branches across the city during the year.
02nd Jan 17 PNB reduces MCLR by 70 basis points
Punjab National Bank has reduced its overnight and three month marginal cost of lending rates by 70 basis points to 8.20 and 8.25 percent as compared to 8.90 and 8.95 percent earlier. The revised MCLR for six months and one year now stands at 8.40 and 8.45 percent respectively. Similarly, five year MCLR has reduced to 8.75 percent as compared to 9.45 percent earlier. The rates are effective from 1st January, 2017.
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