How to Get Rs 49,943 Interest by Depositing Rs 2 Lakh in PNB FD Scheme

Are you looking to earn Rs 49,943 interest by depositing Rs 2 lakh in PNB FD Scheme? Fixed Deposits (FDs) continue to be one of the safest and most popular investment options in India. Among the leading banks, Punjab National Bank (PNB) offers competitive interest rates that help your savings grow securely over time. In this article, we’ll walk you through exactly how to reach that Rs 49,943 interest target, including calculations, official interest rates, and pro tips.

PNB FD Scheme

Feature	Details
Bank Name	Punjab National Bank (PNB)
Scheme Type	Fixed Deposit (FD)
Deposit Amount	Rs 2,00,000
Target Interest	Rs 49,943
Estimated Tenure	Approx. 3 years to 3.5 years
Interest Rate	Up to 7.25% p.a. (as of April 2025)
Compounding Frequency	Quarterly
Risk Level	Very Low (Bank-backed)
Official Website	PNBIndia.in

By investing Rs 2 lakh in a PNB FD Scheme at 7.25% interest for around 3 years and 2 months, you can comfortably earn Rs 49,943 as interest. With guaranteed returns, flexibility, and trusted banking services, PNB FDs remain a smart choice for conservative investors and professionals alike.

What Is a Fixed Deposit and Why Choose PNB?

A Fixed Deposit (FD) is a financial instrument where you deposit a lump sum amount for a fixed tenure at a predetermined interest rate. The bank pays you interest, usually compounded quarterly, and returns the principal amount along with interest at maturity.

PNB is one of India’s oldest and most trusted public sector banks. With a strong reputation and a wide branch network, PNB FD schemes are ideal for those who want stability, guaranteed returns, and peace of mind.

PNB FD Interest Rates as of April 2025

According to PNB’s official site, here are the latest interest rates for general citizens:

1 year to 2 years: 6.75% p.a.
2 years to less than 3 years: 7.00% p.a.
3 years to 5 years: 7.25% p.a. (highest for regular depositors)

Senior citizens get an additional 0.50% p.a. on all tenures.

How to Earn Rs 49,943 Interest on Rs 2 Lakh

Let’s break down the numbers. Suppose you want to earn Rs 49,943 as interest on a fixed deposit of Rs 2 lakh.

Step-by-Step Calculation:

Principal (P): Rs 2,00,000
Target Interest: Rs 49,943
Maturity Amount (A): Rs 2,49,943
Interest Rate (r): 7.25% p.a.
Compounding Frequency (n): 4 times a year (quarterly)

We use the compound interest formula:
A=P×(1+rn)ntA = P \times \left(1 + \frac{r}{n}\right)^{nt}

Plugging in the numbers:

2,49,943=2,00,000×(1+0.07254)4t2,49,943 = 2,00,000 \times \left(1 + \frac{0.0725}{4}\right)^{4t}

Solving this gives us:
t≈3.12 yearst \approx 3.12 \text{ years} or about 3 years and 1.5 months.

So, to get nearly Rs 49,943 in interest at 7.25% p.a., you need to keep your money in the FD for about 3 years and 2 months.

Benefits of Investing in PNB FD

1. Guaranteed Returns

FDs are not market-linked. Your returns are assured and not affected by economic swings.

2. Flexible Tenure

PNB allows FD durations ranging from 7 days to 10 years, giving you complete control over your investment.

3. Loan Against FD

Need emergency funds? You can get a loan of up to 90% of your FD amount without breaking it.

4. Senior Citizen Advantage

If you’re 60 or older, you’ll get 0.50% higher interest rate, helping you earn even more.

5. Nomination & Tax Saving Options

You can nominate a family member and also opt for a 5-year tax-saving FD under Section 80C.

How to Open a PNB FD Account

Opening a PNB FD is easy and can be done both online and offline:

Online Method:

Visit PNB Net Banking Portal
Log in using your credentials.
Go to “Deposit” > “Open Fixed Deposit”
Choose the amount, tenure, and compounding frequency.
Submit and download the receipt.

Offline Method:

Visit your nearest PNB branch.
Fill out the FD opening form.
Submit KYC documents (PAN, Aadhaar, etc.)
Deposit cash/cheque.
Collect your FD receipt.

Taxation on FD Interest

FD interest is fully taxable under “Income from Other Sources” in your ITR.

If your annual FD interest exceeds Rs 40,000 (Rs 50,000 for senior citizens), TDS at 10% is deducted by the bank.
Submit Form 15G/15H if your income is below the taxable limit to avoid TDS.

Pro Tips to Maximize Your FD Returns

Ladder Your FDs: Instead of locking all your funds in one FD, split them into different tenures to get better liquidity and interest.
Auto-Renewal Option: Choose auto-renewal to avoid missing maturity dates.
Compare Across Banks: While PNB is competitive, check other public and private banks for special FD offers.