Punjab National Bank (PNB) has recently revised its Fixed Deposit (FD) interest rates, making it even more attractive for investors seeking stable, assured returns. One of the key highlights of this revision is the special 777-day FD scheme, where investors can now earn a return of approximately ₹83,000 on a ₹10 lakh investment. This strategic move by PNB is aimed at encouraging savings while offering competitive rates amidst fluctuating market conditions.
In this article, we’ll break down everything you need to know about PNB’s revised FD rates, explain how much you can earn, and guide you on how to make the most out of your investment. Whether you’re a first-time depositor or a seasoned investor, this article will walk you through the process in a clear, friendly, yet professional manner.
PNB Bank’s Revised FD Interest Rates (2025)
| Feature | Details |
|---|---|
| Bank | Punjab National Bank (PNB) |
| Scheme Name | 777-Day Special Fixed Deposit Scheme |
| Interest Rate (General Public) | 7.00% per annum |
| Interest Rate (Senior Citizens) | 7.50% per annum |
| Interest Rate (Super Senior Citizens) | 7.80% per annum |
| Return on ₹10 lakh (General Public) | Approx. ₹83,000 interest over 777 days |
| Minimum Deposit | ₹1,000 |
| Maximum Deposit | No upper limit |
| Official Website | PNB Official Website |
PNB Bank’s revised FD interest rates, especially the 777-day scheme, present an excellent opportunity for risk-averse investors. With up to 7.80% returns, flexible options, and added benefits for seniors, this is a scheme worth considering.
Before investing, assess your financial goals, liquidity requirements, and tax obligations. If steady growth without risk is your priority, PNB’s FD is a safe bet.
Why PNB’s FD Rate Revision Matters
Fixed Deposits have always been one of the safest and most preferred investment options, especially for risk-averse individuals and retirees. In times when stock markets are volatile and inflation remains a concern, FDs offer guaranteed returns.
PNB’s decision to revise its FD rates comes at a time when several other banks are adjusting their deposit rates based on liquidity needs and RBI policies. By offering competitive rates like 7% p.a. on the 777-day scheme, PNB is not only rewarding savers but also reinforcing financial discipline.
see also: How Much FD is Required to Get a Locker in the Bank?
Detailed Breakdown: How Much Will You Earn?
Let’s break this down with a simple, easy-to-understand example.
Example Calculation:
| Investment Amount | Interest Rate (General Public) | Tenure | Maturity Amount | Total Interest Earned |
|---|---|---|---|---|
| ₹10,00,000 | 7.00% per annum | 777 days | ₹10,83,000 approx. | ₹83,000 approx. |
Note:
- For Senior Citizens, the maturity amount would be slightly higher due to the 7.50% interest rate.
- Super Senior Citizens (80+ years) will enjoy the highest return with a 7.80% rate.
You can use the PNB FD Calculator to tailor the results based on your specific deposit amount.
Who Should Consider Investing in This FD?
This scheme is perfect for:
- Retired individuals looking for steady income.
- Conservative investors who prefer capital safety over high-risk instruments.
- Parents planning for short-term goals, like education fees in the next 2-3 years.
- Professionals wanting to park surplus funds safely for a little over 2 years.
Benefits of Investing in PNB’s Revised FD Scheme
Guaranteed Returns
No market-linked risks. Your principal and interest are safe.
Higher Rates for Seniors
Senior citizens benefit from additional 0.50% – 0.80% rate boost.
Flexible Payout Options
Choose cumulative (interest paid at maturity) or non-cumulative (regular payouts).
Loan Against FD
Get up to 90% loan against your FD in case of emergencies.
How to Open a PNB Fixed Deposit Account
Here’s a step-by-step guide:
Step 1: Choose Deposit Type
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Decide if you want a regular FD or tax-saving FD.
Step 2: Visit Branch or Online Portal
- Visit nearest PNB branch OR
- Login to PNB Internet Banking
Step 3: Fill FD Form
Provide KYC documents (Aadhaar, PAN, etc.).
Step 4: Deposit Funds
Minimum ₹1,000. No upper cap for regular FD.
Step 5: Select Tenure & Interest Payout Option
Choose 777 days to avail special rate.
Tax Implications on FD Interest
- TDS Deduction:
- If FD interest exceeds ₹40,000 (₹50,000 for senior citizens) annually, 10% TDS applies.
- Submit Form 15G/15H to avoid TDS if your income is below taxable limit.
- Income Tax:
- Interest is added to your taxable income and taxed as per your slab.
see also: Punjab & Sind Bank FD Interest Rates Revised Earn Up to 7.50% on FDs
PNB Bank Revises Fixed Deposit Interest Rates FAQs
1. Can I break my PNB FD before maturity?
Yes, but premature withdrawal may attract a penalty of 1% lower interest rate.
2. Is there a minimum lock-in period?
For regular FD: 7 days minimum.
For tax-saving FD: 5 years lock-in.
3. How safe is PNB FD?
PNB is a government-owned bank, so your deposits up to ₹5 lakh are insured under DICGC rules.
4. Can NRIs invest in PNB FDs?
Yes, NRIs can open NRE, NRO, FCNR FDs with PNB.
5. How to avoid TDS on FD interest?
Submit Form 15G (below 60 years) or Form 15H (senior citizens) at the start of the financial year.
Financial advisors recommend locking in funds when FD rates are at their peak. With PNB offering 7%+ rates, it’s a good window to invest before any downward revision. However, ensure your liquidity needs are met since premature withdrawal might reduce returns.
