PNB Fixed Deposit Rates: A Complete Guide PNB Fixed Deposit

PNB Fixed Deposit Rates: A Complete Guide.

PNB Fixed Deposit Rates

Punjab National Bank began its operations on 12th April 1895 from Lahore with a working capital of Rs. 20,000 and authorized capital of Rs. 2 lakh. As of 30th June 2020, it is the second-largest public sector bank in India. With effect from 1st April 2020, United Bank of India and Oriental Bank of Commerce amalgamated with PNB thereby accelerating its growth and establishing a stronger foothold. Besides PNB Fixed Deposit Scheme, the bank offers financial services such as industrial finance, corporate and personal banking, agricultural finance, and more. Additionally, it offers house hold and education loans.

PNB FD Rates

Tenure	FD Rates for Regular Citizens	FD Rates for Senior Citizens
400 Days	7.25%	7.75%
401Days to 2 years	6.80%	7.30%
Above 2 years to up to 3 years	7.00%	7.50%
3 years to 1203 Days	6.50%	7.00%

Benefits of PNB Fixed Deposit Rates

Multiple schemes – PNB fixed deposit schemes are designed for an extensive category of depositors including individuals, joint account holders and Hindu Undivided family . Its various schemes include Annuity Term Deposit Scheme for Victims of Road Accidents, PNB Uttam, PNB Varshik Aay Yojana Deposit Scheme, PNB Balika Shiksha, PNB Multi-Benefit Term Deposit Scheme, and more. From senior citizens and girl beneficiaries to road accident victims, everyone can benefit from PNB FD interest.
Low minimum deposit requirement – Depending on the scheme, the minimum fixed deposit amount starts from as low as Rs. 100 for schemes of PNB Special Term Deposit and PNB Multi-Benefit Term Deposit Scheme. While some other fixed deposit schemes such as PNB Floating Rate Fixed Deposit Scheme have a minimum deposit amount of Rs. 1,000.
Ease of access – Customers who have activated the internet banking facility can open FDs online. This saves them the crucial time of visiting the bank and submitting the KYC documentation for opening an FD via the offline mode. Plus, you can also keep track of your FD related information at the click of a button.