- PNB Fixed Deposit Scheme offers interest rates from 3.25% to 7.40% depending on tenure and age category.
- The highest interest rate of 7.40% is available for super senior citizens on 390-day fixed deposits.
- Depositing 2,00,000 in a 2-year FD can earn up to 30,681 guaranteed interest for super senior citizens.
Punjab National Bank (PNB) has announced its Fixed Deposit Scheme under the PNB Savings Schemes, offering customers a reliable and popular investment option. The scheme ensures attractive and guaranteed interest rates across various tenures, catering to different customer categories, including senior and super senior citizens.
With flexible durations for investment, the PNB Fixed Deposit Scheme provides competitive returns, making it suitable for both short-term and long-term investors. By combining safety with assured growth, PNB aims to encourage more individuals to secure their savings through this trusted financial product.
PNB Fixed Deposit Scheme Interest Rates
Punjab National Bank offers a range of interest rates on fixed deposits based on the tenure and the age group of the depositor. These rates are made to benefit everyone, especially senior citizens who get higher returns as a way to appreciate their contribution to society.
PNB Interest Rates for 390-Day Fixed Deposits
For a 390-day fixed deposit, PNB offers these interest rates:
- General Citizens: 6.60%
- Senior Citizens: 7.10%
- Super Senior Citizens (above 80 years): 7.40%
This makes the 390-day FD one of the most attractive options for those looking for a medium-term investment with good returns.
PNB Interest Rates for 2-Year Fixed Deposits
For a 2-year fixed deposit, the interest rates are a bit lower but still competitive:
- General Citizens: 6.40%
- Senior Citizens: 6.90%
- Super Senior Citizens: 7.20%
These rates make sure your money grows steadily over a longer period with the safety of a government-backed bank.
Earnings from Depositing 2,00,000 in PNB Fixed Deposit
Let’s see how much you can earn by depositing 2,00,000 in a 2-year fixed deposit under the PNB Fixed Deposit Scheme.
Maturity Amount and Interest for General Citizens
If you are a general citizen and invest 2,00,000 in a 2-year FD, you will get a total maturity amount of 2,27,080. This includes a fixed interest earning of 27,080, which is guaranteed by the bank.
Benefits for Senior and Super Senior Citizens
Senior citizens get higher interest rates, resulting in better returns. For a 2,00,000 deposit over 2 years, senior citizens will get 2,29,325 at maturity, which includes 29,325 as fixed interest.
Super senior citizens benefit the most with an interest rate of 7.20%, earning 30,681 in interest. The total maturity amount for them will be 2,30,681.
| Customer Category | Interest Rate (2-Year FD) | Interest Earned on 2,00,000 | Total Maturity Amount |
|---|---|---|---|
| General Citizens | 6.40% | 27,080 | 2,27,080 |
| Senior Citizens | 6.90% | 29,325 | 2,29,325 |
| Super Senior Citizens | 7.20% | 30,681 | 2,30,681 |
By choosing the PNB Fixed Deposit Scheme, you can keep your savings safe with guaranteed returns and enjoy peace of mind. For more details, visit the official Punjab National Bank website at https://www.pnbindia.in/.