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Punjab National Bank (PNB) FD interest rates

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Aakash (Quicko Customer Success Representative)

Bank Account
Fixed Deposit
union bank of india

Punjab National Bank (PNB) was established in the year of 1895 with registered office in Lahore, Pakistan. Currently, it is a government owned bank with headquarters in Delhi, India. It has around 7000 branches and 115 million customers across India. Punjab National Bank not only has their operations in India but also operates in 10 other countries which include the UAE, Hong Kong, Australia, UK, etc. This article covers Punjab National Bank (PNB) FD interest rates.

Interest rates of FD in Punjab National Bank (PNB)

Following are the Punjab National Bank (PNB) FD interest rates:

Tenure FD interest rate (in %) for Domestic/NRO deposits less than 2 CR FD interest rate (in %) for Domestic/NRO deposits from 2 CR to 10 CR
7-14 days 3.00 3.00
15 to 29days 3.00 3.00
30 to 45 days 3.00 3.00
46 to 90 days 3.25 3.00
91 to 179 days 4.00 3.00
180 days to 270 Days 4.40 3.10
271 days to less than 1 year 4.50 3.10
1 year 5.20 3.25
1 year and 1 day to up to 2 years 5.20 3.25
2 years and 1 day to up to 3 years 5.20 3.00
3 years and 1 day to up to 5 years 5.30 3.00
5 years and 1 day to up to 10 years 5.30 3.00

Eligibility Criteria for Punjab National Bank (PNB) FD account

Following individuals and entities are eligible for opening a Punjab National Bank (PNB) FD account:

Documents required for Punjab National Bank (PNB) FD account

Following are the documents required to open a Punjab National Bank (PNB) FD account:

FAQs

How long does Punjab National Bank FDs take to mature?

Punjab national bank’s FDs can last from 7 days to 10 years depending upon the FD scheme chosen by the investor.

What is the minimum amount that an investor needs to deposit for Punjab National Bank FD account

An investor can start investing in Punjab National Bank Fixed Deposit (FD) with as low as INR 100.

What is a non-callable FD?

A FD scheme that prevents a customer from withdrawing any amount before the maturity of the Fixed Deposit is called a non-callable FD.

Got Questions? Ask Away!

  1. Form 15G/ Form 15H is one of the form which is used to make sure that TDS is not deducted from your income. If your tax liability for a year is zero then you can file Form 15G or Form 15H with the deductor.

    Moreover, fixed deposits also provide tax benefits under section 80C of the Income tax Act.

    Hope this helps!