Started On | 1894 |
Head Quarters | New Delhi |
CRISIL Rating | NA |
CEO | S. S. Mallikarjuna Rao |
Listed on exchange as | Punjab National Bank |
ICRA Rating | NA |
Tenure | Regular customers | Senior citizens |
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For a PNB FD with tenure ranging from 7 days to 12 months, the interest rate offered is from 3.00% p.a. to 4.50% p.a. These deposits are known as short term deposits as they have a tenure of less than 1 year.
Medium-term fixed deposits have their tenures ranging from more than 1 year to less than 5 years. The interest offered by the bank on these deposits is around 5.10% - 5.25%
These deposits have their tenure ranging from 5 years to 10 years and offer an interest rate of 5.25%.
Name | Tenure | Interest rate |
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A Punjab National Bank FD account can be opened through different modes like Mobile App, Internet Banking, and offline.
1) Internet Banking
Follow the below-mentioned steps for opening a Punjab National Bank FD account via internet banking-
2) Mobile App - PNB Bank App
Follow the steps mentioned ahead to open an FD account via PNB Bank App-
3) Offline PNB FD Opening
For opening a PNB Bank FD account via offline mode, one has to visit the nearest PNB Bank branch. Fill out the PNB Bank FD application form and present all the necessary documents with the deposit amount. On successful processing of the application, an FD certificate will be dispatched by the PNB bank to the communication address. Also, one will receive an SMS confirmation on the registered mobile number.
Individuals or entities falling under any of the following criteria can apply for a fixed deposit scheme from PNB –
Documents that have to be submitted to open a Punjab National Bank Fixed deposit are –
Is the interest earned on fixed deposits taxed?
Yes, the interest earned on the FD is taxable if the total interest income is more than Rs. 10000 in a financial year.
What is the highest rate offered on FD by Punjab National Bank?
One can earn a maximum interest of 6.30% on the PNB fixed deposit.
What is the current interest rate PNB is offering on its FDs?
Current PNB FD rates range between 3.00% p.a. – 5.25% p.a. Senior citizens can avail interest rates ranging from 3.50% p.a – 5.75% p.a.
Is it possible to deposit an additional amount into the fixed deposit account?
No, depositing additional money into the FD account is not allowed as the money is deposited only at the time of opening the account.