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.

In this article

**PNB FD Interest Rates**

The interest you earn depends on the tenure chosen; the PNB FD interest rates according to the tenures are provided below:

Tenure | Rates |

7 days – 14 days | 4.25% – 4.75% |

15 days – 29 days | 4.25% – 4.75% |

30 days – 45 days | 4.25% – 4.75% |

46 days – 90 days | 5.00% – 5.50% |

91 days – 179 days | 5.00% – 5.50% |

180 days – 270 days | 5.50% – 6.00% |

271 days – 364 days | 5.60% – 6.10% |

1 year | 5.80% – 6.30% |

333 days | 5.75% – 6.25% |

444 days | 5.80% – 6.30% |

555 days | 5.80% – 6.30% |

1 year – 2 years | 5.80% – 6.30% |

2 years 1 day – 5 years | 5.80% – 6.30% |

5 years 1 day – 10 years | 5.80% – 6.30% |

The online PNB FD calculator 2020 estimates the maturity amount based on certain inputs which include the tenure of the deposit, deposit amount and the prevailing PNB FD rates.

**Factors affecting the maturity amount of your FD:**

**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.

**PNB FD Calculator 2020**

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.

**What is the formula to Calculate PNB FD Interest Rate?**

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

**PNB Revised Rates of FD**

Punjab National Bank has revised its FD rates effective from February 17, 2020. The interest rates for 7 to 45 days are 4.50%, for 46 to 179 days it is 5% and 180 days to less than 1 year it is 5.75%. The rate for long tenures such as 1 year and up to 10 years is 6.05%. Furthermore, the FD rate for a special tenure of 333 days is 5.85% and it is 6.05% for 444 days and 555 days. The revised rates came into effect from 17th February 2020.

**Benefits of PNB FD Rates Calculator**

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 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

**PNB FD Calculator – FAQs**

**Ques. Does a PNB FD calculator ask for other things except for the basic details?**

**Ans. **No, the Punjab National Bank will ask you only the basic details pertaining to your accounts such as the principal amount, interest rate, tenure and compounding frequency.

**Ques. How is the interest paid to a PNB FD account holder?**

**Ans**. The interest earned is credited to your savings account directly.

**Ques. What is the maximum interest rate offered by PNB on FD?**

**Ans. **Depending on the tenure, PNB can offer up to a 6.30% interest rate.

**Ques**. Is the interest earned on PNB fixed deposits taxable?

**Ans**. Yes, the interest earned on FDs will be taxed only if the total interest income in a given financial year exceeds Rs. Rs.10,000 .