Total investment

₹

Rate of interest (p.a)

%

Time period

Years

Invested amount | ₹ |

Est. returns | ₹ |

Total value | ₹ |

Total investment

Total returns

PNB, short for Punjab National Bank, offers multiple FD options to its customers with attractive interest rates. Like all other banks, the interest rate on PNB FD can also be calculated by using a PNB FD calculator in a seamless manner**.**

This calculator helps you calculate the interest that your principal amount will earn when kept in a PNB fixed deposit account. It provides the details of investment upon maturity after the interest is compounded on days or a monthly, quarterly, half-yearly and yearly basis. To check how much interest your fixed deposit will earn at the end of the tenure chosen, you just have to provide the basic details of your FD account such as investment amount, tenure and rate of interest.

Also Read, **PNB FD Interest Rates**

**Rate of Interest**: It is the rate at which you will the returns are compounded on the invested amount. It is important to note that the interest rate varies with the tenure of your FD.

**Time Period**: just like the principal amount and the rate of interest, the duration of your FD is also one of the vital factors. The rate of interest of your deposit is preset by the bank based on the FD tenure.

**Principal Amount**: It is the main deciding factor. The interest is earned on the principal amount, which is the amount deposited by you at the time of opening the account.

**Compounding Frequency**: Compounding frequency means the frequency at which the interest is calculated on fixed deposits. It can be either compounded quarterly, monthly, yearly and half-yearly. This time interval is instrumental in determining the maturity value on completion of the tenure of the term deposits.

**Tax Deducted at Source (TDS)**: The amount of TDS makes a huge difference in the total maturity amount of the deposits.

In case of an account holder chooses the periodic interest payout option, PNB transfers the interest earned at each interval (for example, quarterly) to their bank account. The interest would remain the same throughout the life of the deposit. On maturity, PNB would transfer the principal amount to your bank account, unless the deposit is renewed.

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. The Punjab National Bank FD calculator makes it easy to estimate the interest you will earn on your PNB FD account.

If you are wondering how to calculate the compound interest on PNB fixed deposit, you should probably note down the formula to calculate interest earned on PNB FD, which is

**A = P(1+r/n)^nt**

Where,

- A = Maturity amount
- P = Invested amount
- r = Interest rate as a decimal
- n = number of times interest is compounded
- t = tenure of the deposit

Anything that saves your time on complex calculations is always entailed with some benefits and the FD calculator is not an exception. Below-given are the benefits of the PNB FD calculator:

- Enhances your decision-making power while choosing the tenure
- Helps you to achieve your financial objective as you are aware of the FD rates beforehand
- You can calculate the exact maturity value of your FD by just providing basic details such as the principal amount, rate of interest, tenure of the investment, and type of interest compounding frequency.
- Simple to use owing to its user-friendly interface

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