PNB Fixed Deposit
Last Updated : June 27, 2020, 1:02 a.m.
About PNB Fixed Deposit
PNB offers several fixed deposit schemes to cater diverse needs of the customers. A Different group of people can invest in schemes that serve their purpose and yield good returns. The bank offers the highest interest of 7.30% p.a. The minimum tenure of investment is 7 days and the maximum tenure is 10 years. Investment is following deposit schemes is beneficial for the eligible candidates:
- PNB Ordinary Term Deposit Scheme
- PNB Multi-Benefit Term Deposit Scheme
- PNB Special Term Deposit Scheme
- PNB Anupam Term Deposit Scheme
- PNB Sugam Term Deposit Scheme
- PNB Varshik Aay Yojana Deposit Scheme
- PNB Tax Saver Fixed Deposit
- PNB Prospective Senior Citizen Term Deposit Scheme
- PNB Floating Rate Fixed Deposit Scheme
- PNB Bulk Fixed Deposit Scheme (Above ₹10 Cr.)
PNB Fixed Deposit Interest Rate Table
| Tenure | ROI For Amount Less than 2 Crore (w.e.f. 17.02.2020) | ROI For ₹ 2 Crore To ₹ 10 Crore (w.e.f. 17.02.2020) | |
|---|---|---|---|
| General (%p.a.) | Senior Citizen (%p.a.) | General (%p.a.) | |
| 7 days to 29 days | 4.50 | 5.00 | 4.00 |
| 30 days to 45 days | 4.50 | 5.00 | 4.00 |
| 46 days to 90 days | 5.00 | 5.50 | 4.75 |
| 91 days to 179 days | 5.00 | 5.50 | 4.75 |
| 180 days to 270 days | 5.75 | 6.25 | 4.90 |
| 271 days to less than 1 year | 5.75 | 6.25 | 4.90 |
| 1 year | 6.05 | 6.55 | 5.15 |
| Above 1 year to 3 years | 6.05 | 6.55 | 5.15 |
| Above 3 years to 5 years | 6.05 | 6.55 | 5.15 |
| Above 5 years to 10 years | 6.05 | 6.55 | 5.15 |
PNB Fixed Deposit Schemes
1. PNB Ordinary Term Deposit Scheme
The investor can book this deposit with the minimum amount of ₹100. The period of deposit ranges from 7 days to maximum 179 days. You can avail loan against fixed deposit and add a nominee to your account.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹100 |
| Maximum Investment Amount | ₹99,99,000 |
| Minimum Investment Period | 7 days |
| Maximum Investment Period | 179 days |
| Loan/Overdraft Facility | Available |
| Interest Payout Option | Quarterly or at maturity |
| Nomination Facility | Available |
| TDS | Applicable |
2. PNB Multi-Benefit Term Deposit Scheme
You can book the Fixed Deposit for the amount up to ₹99,99,000 for the maximum tenure of 120 months. The interest is paid at the card rate prevalent on the tenure.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹100 |
| Maximum Investment Amount | ₹99,99,000 |
| Minimum Investment Period | 6 months |
| Maximum Investment Period | 120 months |
| Loan/Overdraft Facility | Available |
| Nomination Facility | Available |
| TDS | Applicable |
3. PNB Special Term Deposit Scheme
Book the scheme for the tenure ranging from 1 year to 10 years and receive interest monthly or quarterly. The maximum amount of deposit is ₹99,99,000, the minimum being Rs.100.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹100 |
| Maximum Investment Amount | ₹99,99,000 |
| Minimum Investment Period | 1 year |
| Maximum Investment Period | 10 years |
| Interest Payout Option | Monthly at discounted value or quarterly or compounded quarterly |
| Nomination Facility | Available |
| TDS | Applicable |
4. PNB Anupam Term Deposit Scheme
Open a Fixed Deposit Account with the minimum amount of ₹10,000 and thereafter, make an addition in multiples of ₹1,000. The maximum limit of deposit is ₹99,99,000.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹100 |
| Maximum Investment Amount | ₹99,99,000 |
| Additional Investment Amount | 1 In multiples of ₹1,000 |
| Minimum Investment Period | 6 months |
| Maximum Investment Period | 120 months |
| Nomination Facility | Available |
| TDS | Applicable |
| Loan/Overdraft Facility | Available |
5. PNB Sugam Term Deposit Scheme
Now book the deposit for the period as low as 46 days and earn good returns on the same. The interest is receivable at monthly and quarterly intervals. You even have the option to reinvest the interest and yield higher returns on your deposit.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹10,000 |
| Maximum Investment Amount | ₹10,00,00,000 |
| Additional Investment Amount | In multiples of ₹1 |
| Minimum Investment Period | 46 days |
| Maximum Investment Period | 120 months |
| Nomination Facility | Available |
| TDS | Applicable |
| Interest Payout Option | Monthly at discounted value or quarterly or compounded quarterly or at maturity |
6. PNB Varshik Aay Yojana Deposit Scheme
Under this scheme, the interest is paid annually at the quarterly compound basis. You can avail the loan facility against this fixed deposit scheme.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹10,000 |
| Maximum Investment Amount | ₹ 99,99,000 |
| Additional Investment Amount | ₹1,000 |
| Minimum Investment Period | 24 months |
| Maximum Investment Period | 120 months |
| Nomination Facility | Available |
| TDS | Applicable |
| Interest Payout Option | Annually, on quarterly compound basis |
| Loan/Overdraft Facility | Available |
7. PNB Tax Saver Fixed Deposit
The minimum amount required to book the deposit is ₹100. The amount is locked in for 5 years. The maximum amount is fixed to ₹1,50,000 per financial year.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹100 |
| Maximum Investment Amount | ₹1,50,000 |
| Lock-In-Period | 5 years |
| Minimum Investment Period | 5 years |
| Maximum Investment Period | 10 years |
| Nomination Facility | Available after 5 years lock in period |
| Loan Facility | Applicable |
Eligibility: Individuals (including illiterate, blind persons), singly or jointly, and HUF
8. PNB Prospective Senior Citizen Term Deposit Scheme
This scheme is most suitable for people who are about to attain the age of 60years. Under this scheme the interest is initially paid at the general rate of interest and as the holder turns 60 years the interest is paid at rates applicable for senior citizens.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹100 |
| Maximum Investment Amount | ₹99,99,999 |
| Additional Investment Amount | In multiples of ₹1 |
| Minimum Investment Period | 1 year |
| Maximum Investment Period | 10 year |
| Loan/Overdraft Facility | Available |
| TDS | Applicable |
Eligibility: People of age 55 and above and up to 60 years can apply for this scheme.
9. PNB Floating Rate Fixed Deposit Scheme
Under this scheme, the rate of interest automatically changes as per the changes made by the bank in fixed deposit interest rates.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹1,000 |
| Minimum Investment Period | 7 days |
| Maximum Investment Period | 10 years |
| Loan/Overdraft Facility | Available |
| Premature Withdrawal | Allowed |
| Nomination Facility | Available |
| TDS | Applicable |
10. PNB Bulk Fixed Deposit Scheme (Above ₹10 Cr.)
The single investment of ₹10,00,00,000 is to be made to book this deposit. The interest rate on these deposits keeps on changing regularly. To know the current rate of interest visits the nearest branch office.
Eligibility
- Individual (singly or jointly) with others.
- Minors who have attained the age of 10 years and above in his own name on giving proof of age by his guardian or any other reliable source or through his natural/legal guardian.
- Proprietorship/partnership firm, commercial organization, company/ corporate body.
- Hindu Undivided Family.
- Association, club, society, trust or religious/charitable or educational institution.
- Municipality or Panchayat, Government or quasi-government body.
- The illiterate and blind persons can also open the account.
Documentation
| ID Proof | Address Proof |
|---|---|
| Passport | Passport |
| PAN Card | Telephone Bill |
| Driving License | Electricity Bill |
| Voter ID | ID Card Issued by Post Office |
| Government ID Card | Bank Statement with Cheque |
| Senior Citizen ID Card | Any other ID proof or address proof document can be submitted subject to bank's satisfaction |
How To Apply
To apply for the PNB Fixed Deposit Scheme visit the nearest bank branch along with the KYC documents. You can even apply online and book the deposit.
Features
- Multiple Investment schemes
- Nomination facility available
- Avail loan/ overdraft against fixed deposit
- Attractive rate of interest
- Additional 0.50% interest to senior citizen
