Punjab National Bank (PNB) is one of India’s major public sector banks and offers attractive interest rates on fixed deposits (FDs).
After the Reserve Bank of India cut the repo rate by 1.25% over the past year, many banks revised their FD rates.
PNB has also updated its rates and is now offering a special FD option that can give solid guaranteed returns.
With an investment of ₹2 lakh, investors can earn up to ₹77,445 as fixed interest over a chosen tenure.
Current FD Interest Rates at PNB
PNB allows customers to open FD accounts for a period ranging from 7 days to 10 years.
Interest rates currently range between 3.00% and 7.20%, depending on tenure and age group.
The bank’s 390-day FD scheme offers the highest interest:
6.40% for general citizens
6.90% for senior citizens
7.20% for very senior citizens
For long-term deposits of more than 3 years and less than 5 years, PNB offers:
6.10% for general citizens
6.60% for senior citizens
Returns on ₹2 Lakh FD Investment
If a general citizen invests ₹2 lakh in a PNB FD for 60 months (5 years) at 6.10% interest, the maturity amount will be ₹2,70,701.
This includes a fixed interest of ₹70,701.
For senior citizens, investing the same amount for 5 years at 6.60% interest results in a maturity amount of ₹2,77,445.
This means a guaranteed interest earning of ₹77,445.
Why This FD is Worth Considering
PNB FDs offer stable returns, government-backed security, and higher interest for senior citizens.
For investors looking for safe and predictable growth, this FD scheme can be a reliable option, especially for long-term savings.
