PNB FD Scheme : PNB Launches New FD Scheme, Invest ₹1,00,000 and get Fixed Interest of ₹38998.

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PNB FD Scheme : In India, a total of 12 public sector banks operate under the control of the central government, including Punjab National Bank. These banks are offering attractive interest rates on Fixed Deposits (FDs) to their customers.

Notably, over the past year, the Reserve Bank of India has reduced the repo rate by a total of 1.25%. Following this, many banks revised their FD interest rates. In line with this trend, Punjab National Bank also recently updated the interest rates on some of its FD schemes.

In this report, we are highlighting a special FD scheme of PNB in which an investment can generate a fixed return of up to ₹38,998 at maturity.

PNB FD Scheme – Interest Rates & Tenure

You can open a Fixed Deposit account with Punjab National Bank for a minimum period of 7 days and a maximum of 10 years.

Currently, the bank offers FD interest rates ranging from 3.00% to 7.20% depending on tenure and customer category.

Special 390-Day FD Scheme

PNB is offering its highest interest rate on the 390-day FD scheme:

  • General Citizens: 6.40%
  • Senior Citizens: 6.90%
  • Super Senior Citizens: 7.20%

3–5 Year FD Scheme

For FDs with tenure above 3 years and below 5 years:

  • General Citizens: 6.10%
  • Senior Citizens: 6.60%

Fixed Return Example

If you are a general citizen and invest ₹2,00,000 in a PNB FD for 60 months (5 years) at an interest rate of 6.10%, you will receive approximately:

  • Maturity Amount: ₹2,38,998
  • Total Interest Earned: ₹38,998 (fixed return)

Similarly, if a senior citizen invests the same amount for 60 months, they will earn interest at 6.60%.

(Your original text also referenced Bank of India, but the maturity figure mentioned is aligned with the PNB example above.)

How to Invest in PNB FD (Step-by-Step)

You can invest in this FD scheme through online or offline methods:

Online Method (Internet Banking / Mobile App)

  1. Log in to PNB Internet Banking or Mobile Banking.
  2. Go to the “Fixed Deposit / Term Deposit” section.
  3. Select Open New FD.
  4. Enter:
    • Investment amount
    • Tenure (e.g., 390 days or 60 months)
  5. Choose:
    • Interest payout option (monthly/quarterly/cumulative)
  6. Confirm details and submit.
  7. The amount will be debited from your savings account and FD will be created instantly.

Offline Method (Branch Visit)

  1. Visit your nearest PNB branch.
  2. Fill out the FD Account Opening Form.
  3. Submit KYC documents:
    • Aadhaar Card
    • PAN Card
    • Address proof
  4. Deposit the investment amount (cash/cheque/transfer).
  5. You will receive an FD receipt as proof of investment.

Key Benefits of Investing in PNB FD

  • Government-backed public sector bank
  • Guaranteed fixed returns
  • Flexible tenure (7 days to 10 years)
  • Higher rates for senior citizens
  • Loan/overdraft facility against FD

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