PNB Fixed Deposit: You Will Get ₹2,74,570 in Just 5 Years, Here's How Much You Need to Deposit

Looking for a secure and reliable investment option that grows your money over time? PNB Fixed Deposit (FD) is one of the safest choices trusted by millions across India. With attractive interest rates and guaranteed returns, it offers peace of mind and predictable growth. Recently, there’s been buzz about how you can get ₹2,74,570 in just 5 years by investing in a PNB FD. Wondering how much you need to deposit and how it works? We break it all down for you in this guide.

PNB Fixed Deposit: Get ₹2,74,570 in Just 5 Years

Feature	Details
Bank	Punjab National Bank (PNB)
FD Scheme	Regular Fixed Deposit (Domestic)
Interest Rate (5-Year Tenure)	6.5% per annum (as per latest PNB rates)
Investment Period	5 years
Final Maturity Amount	₹2,74,570
Deposit Amount Required	₹2,07,223
Compounding	Annually
Risk Factor	Very Low (Backed by RBI regulations)
Official Website	PNB Official FD

PNB Fixed Deposit is an excellent option for investors seeking safe, stable, and predictable returns. By depositing approximately ₹2,07,223, you can grow your money to ₹2,74,570 in just 5 years at the current interest rate of 6.5% per annum. Whether you’re a beginner, a professional, or a retiree, PNB FDs offer an easy-to-manage, low-risk financial tool to achieve your goals.

What is a PNB Fixed Deposit?

A Fixed Deposit (FD) with Punjab National Bank is a financial product where you invest a lump sum amount for a fixed period at a guaranteed interest rate. It is ideal for those who want safe, stable returns without market risks. Over the years, FDs have remained a favorite option for both beginners and professionals looking for wealth preservation and growth.

How to Get ₹2,74,570 in 5 Years with PNB FD

The Simple Math Behind It

To receive ₹2,74,570 at maturity, here’s the basic calculation:

Interest Rate: 6.5% p.a.
Compounding Frequency: Annually
Investment Period: 5 years

The formula used is:

Maturity Amount = Principal Amount × (1 + Rate × Time)

Plugging in the numbers:

2,74,570 = Principal × (1 + 0.065 × 5)

So, your Principal Amount = ₹2,07,223 approx.

Why This FD Works for Long-Term Goals

Whether you’re planning for your child’s education, a new car, or simply building a financial cushion, a 5-year FD like this is reliable. Your money stays safe, earns steady interest, and grows predictably.

Step-by-Step Guide to Open a PNB Fixed Deposit

Step 1: Check Eligibility

Must be an Indian Resident or NRI
Individuals, minors, senior citizens, and HUFs (Hindu Undivided Families) can apply

Step 2: Choose Tenure and Amount

Decide your investment period (5 years recommended for the best returns)
Choose deposit amount based on your financial goal (e.g., ₹2,07,223 to reach ₹2,74,570)

Step 3: Visit Nearest PNB Branch or Apply Online

Go to PNB’s official website or visit the branch
Fill out FD account opening form

Step 4: Submit KYC Documents

Identity Proof: PAN Card, Aadhaar Card
Address Proof: Utility Bill, Passport, or Aadhaar

Step 5: Fund Your FD

Transfer or deposit your principal amount through cheque, cash, or online transfer

Step 6: Collect FD Receipt

Keep the FD receipt safe as proof of investment

Benefits of PNB Fixed Deposit

Pros	Details
Assured Returns	No market risk, guaranteed interest
Flexible Tenures	7 days to 10 years
Loan Against FD	Up to 90% loan facility available
Senior Citizen Benefit	Additional 0.50% interest rate
Nomination Facility	Easy nomination process
Online Management	Open and manage FD via net banking

Things to Keep in Mind

Tax Implications

Interest earned is taxable under “Income from Other Sources”
TDS (Tax Deducted at Source) applies if interest exceeds ₹50,000/year (for senior citizens) and ₹40,000/year (others)

Premature Withdrawal Penalty