Punjab National Bank (PNB), one of India’s largest public sector banks, is offering attractive interest rates on fixed deposits (FDs) even after the RBI cut the repo rate by 1.25% last year.
Despite lower interest rates in the market, PNB continues to provide high returns on FDs, making it a good option for savers looking for safe and steady growth.
High Returns on PNB Fixed Deposits
PNB offers FD interest rates ranging from 3% to 7.20%, depending on the tenure and age of the depositor.
You can open an FD for as short as 7 days or as long as 10 years.
The 390-day special FD scheme offers the highest interest rates:
General citizens: 6.40%
Senior citizens: 6.90%
Very senior citizens: 7.20%
For 5-year FDs, the rates are:
General citizens: 6.10%
Senior citizens: 6.60%
Very senior citizens: 6.90%
How Much You Can Earn
If you deposit Rs 2 lakh in a 5-year FD, here’s how much you can get at maturity:
General citizen: Total maturity amount Rs 2,70,701 (Interest: Rs 70,701)
Senior citizen: Total maturity amount Rs 2,77,445 (Interest: Rs 77,445)
Very senior citizen: Total maturity amount Rs 2,81,568 (Interest: Rs 81,568)
This makes PNB FDs a safe and profitable option, especially for retirees or anyone looking for guaranteed returns over the long term.
