Punjab National Bank (PNB) has updated its FD interest rates, effective from 24 February 2026.
This comes shortly after the Reserve Bank of India kept the policy repo rate unchanged at 5.25%.
The revised rates apply to both domestic deposits below ₹3 crore and deposits of ₹3 crore and above, offering higher returns for senior and super senior citizens.
FD Rates for Deposits Below ₹3 Crore
For deposits under ₹3 crore, PNB has revised rates based on the deposit tenure:
Short-term (7–90 days): 3%–4.5% for general public
Medium-term (91 days–1 year): 4.9%–6.25%
Long-term (1–10 years): 6%–6.6% depending on tenure
Senior citizens (60–79 years) earn an extra 0.5%–0.8%, while super senior citizens (80+) receive an additional 0.8% across all tenure buckets.
Retired PNB staff who are senior citizens may get higher benefits, up to 1.8% extra.
FD Rates for Deposits ₹3 Crore and Above
For large deposits (₹3–10 crore), rates under the Domestic Fixed Deposit and PNB Uttam (Non-Callable) FD schemes range from 4.5%–6.25% depending on tenure.
Short-term deposits start at 4.5%
One-year deposits offer 6.1%–6.15%
Long-term deposits (up to 10 years) give around 5.6%
PNB also offers slightly higher rates for senior and super senior citizens in this category, similar to smaller deposits.
Key Points to Note
Interest is calculated on a 365-day basis
FDs are generally accepted for up to 10 years
Deposits longer than 10 years may be allowed under regulatory or legal requirements, but interest rates for 10-year deposits will apply
