PNB RD Interest Calculator

Last Updated 02nd Aug 2019

RD Calculator PNB in India Aug 2019

Tenure General Rates Senior Citizen Rates
180 days to 270 days 6.35% 6.85%
271 days to 364 days 6.35% 6.85%
1 year 6.75% 7.25%
1 year 1 day to 3 years 6.75% 7.25%
3 years 1 day to 5 years 6.25% 6.75%
5 years 1 day to 10 years 6.25% 6.75%

Calculate RD Maturity Amount of All Banks in India

PNB RD Calculator

PNB Recurring Deposit Calculator

PNB, a leading Public Sector Bank in India offers attractive interest rates upto 6.75% on its Recurring deposits.
RD maturity amount that you will get depends upon

  • Deposit amount
  • Rate of interest
  • RD tenure
  • Compounding frequency
  • TDS applicability and TDS rate

PNB Recurring Deposit Interest Calculator

  • In a periodic interest payout option, PNB would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain same across the life of the deposit. On maturity of RD, unless the deposit is renewed, would transfer the principal amount to your bank account.
  • In case you opt for a PNB cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
  • Calculate the RD maturity amount using the RD calculator.

Tax on Recurring Deposit PNB

  • In case the interest earned by you across all your recurring deposits across all branches of PNB in a year exceeds 10,000, the bank must deduct TDS at 10.3%. In case your IT PAN is not updated in the PNB records, it must deduct twice the TDS at 20.6%. So, do remember to update your PAN on your RD.
  • We aren’t done yet. This was only the TDS. Now, you would need to add the interest income on all your PNB RD’s and other RD’s to your taxable income for the year. Based upon your tax bracket, income tax is payable on this income. You must estimate the interest income and all your other incomes and, based on this, pay advance tax on advance tax payment dates (15th Sep, 15th Dec, 15th March and 31st March).
  • PNB will also issue you a Form 16A giving details of tax deducted on RD interest and tax deposited by it with government treasury. The TDS amount deposited by the bank with Income Tax Department can be verified in your 26AS statement available online on IT department website or through your net banking account. You can claim credit for the TDS amount in your annual Income Tax Return.

PNB RD interest rate calculator – Check your city

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • To know more or apply, contact any of the branches of PNB in your city

Frequently Asked Questions on RD Calculator PNB

What is the highest interest earned on PNB recurring deposit?

You can earn a maximum interest of 6.75% on PNB recurring deposit.

Are there any extra benefits for senior citizens on fixed deposit of PNB?

Yes, senior citizens get extra benefit of 0.5% interest rates on their RD in PNB.

*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
Earn upto 8.95% Return