Looking for a secure way to grow your money? The Punjab National Bank 3 Year FD Scheme offers a stable, low-risk investment option with guaranteed returns. Whether you’re a senior citizen planning for retirement or a young professional looking to park your savings, this fixed deposit (FD) plan is worth considering.
Punjab National Bank 3-Year FD Scheme
| Feature | Details |
|---|---|
| Tenure | 3 Years (36 months) |
| Interest Rate (General Public) | 6.50% per annum |
| Interest Rate (Senior Citizens) | 7.00% per annum |
| Interest Rate (Super Senior Citizens ≥80 years) | 7.30% per annum |
| Minimum Deposit Amount | ₹1000 |
| Maximum Deposit | No upper limit |
| Premature Withdrawal | Allowed with penalty |
| Loan Against FD | Available |
The Punjab National Bank 3-Year FD Scheme is a reliable and rewarding investment option for anyone looking to earn secure returns without taking market risks. With interest rates up to 7.30%, flexible payout options, and the trust of a nationalised bank, it’s a smart move for conservative investors.
Before you invest, compare interest rates and tenure options, consider your liquidity needs, and don’t forget to check tax implications. Whether you’re saving for retirement, a wedding, or just building wealth, this FD scheme can be a solid building block in your financial plan.
What Is the PNB 3-Year Fixed Deposit Scheme?
A Fixed Deposit (FD) is a type of investment where you deposit a lump sum amount with the bank for a fixed tenure. The bank offers a pre-decided interest rate, and your money grows safely over time. With Punjab National Bank’s 3-Year FD, your funds are locked in for 36 months, earning you guaranteed returns.
It’s a smart choice for:
- People who want risk-free income
- Retirees or senior citizens needing monthly interest
- Salaried individuals saving for a future goal
Why Choose the 3-Year FD?
- Offers moderate tenure with better interest rates than shorter FDs.
- Ideal balance between liquidity and growth.
- Higher returns than regular savings accounts.
see also: Bank of Baroda FD Scheme: Get Guaranteed Interest of ₹51,050 on ₹2 Lakh
Current PNB 3-Year FD Interest Rates (As of April 2025)
Here’s a quick look at the latest PNB interest rates for a 3-year deposit:
For Deposits Below ₹3 Crore:
- General Public: 6.50% per annum
- Senior Citizens (60-79 years): 7.00% per annum (additional 0.50%)
- Super Senior Citizens (80+ years): 7.30% per annum (additional 0.80%)
For Deposits Between ₹3 Crore and ₹10 Crore:
- General Public: 6.25% per annum
- Senior Citizens: 6.75% per annum
- Super Senior Citizens: 7.05% per annum
Benefits of Investing in PNB 3-Year FD Scheme
Assured Returns
Your interest rate is locked in, so market fluctuations don’t affect your earnings.
Senior Citizen Benefits
Attractive interest rates for those aged 60 and above make it a great retirement planning tool.
Loan Facility
Need emergency funds? You can avail up to 90% of your FD amount as a loan or overdraft.
Flexible Interest Payout Options
Choose interest payouts monthly, quarterly, or at maturity based on your financial goals.
Nomination Facility
Ensure your loved ones can access your investment with a simple nomination process.
How to Open a PNB 3-Year FD Account
Opening a Fixed Deposit at Punjab National Bank is quick and simple. Here’s a step-by-step guide:
Step 1: Choose the Right Scheme
Visit the PNB FD Rates page to explore options and select “3-Year Tenure.”
Step 2: Visit a Branch or Use Internet Banking
- If you’re a new customer, visit the nearest branch with ID and address proof.
- Existing customers can use PNB NetBanking or Mobile Banking App.
Step 3: Fill the FD Application Form
Enter details like deposit amount, nominee, and interest payout frequency.
Step 4: Submit Documents & Pay
- PAN Card
- Aadhaar or other valid ID proof
- Address proof
- Cheque/cash to deposit
Once submitted, you’ll receive an FD receipt or e-certificate confirming your investment.
Who Should Invest in PNB 3-Year FD?
This plan is ideal for:
- Senior citizens who need steady interest income
- Professionals and salaried individuals looking to diversify their portfolio
- Parents saving for a child’s future
- Small business owners wanting to park idle cash safely
If you’re looking for a risk-free investment that offers better returns than a savings account, this is for you.
Alternatives to PNB 3-Year FD
While PNB’s FD is attractive, here are a few comparable options:
- Post Office Time Deposit (3-Year): Offers around 7.0% (as of April 2025)
- SBI 3-Year FD: Offers 6.50% for general public, 7.00% for seniors
- Recurring Deposits (RDs): Great if you can’t invest a lump sum
Each has its pros and cons based on liquidity, returns, and tax implications.
Taxation on FD Interest
Interest earned on FDs is fully taxable as per your income tax slab.
- If your total FD interest in a financial year exceeds ₹50,000 (₹50,000 for seniors), TDS (Tax Deducted at Source) applies.
- You can submit Form 15G/15H to avoid TDS if your income is below taxable limits.
see also: SBI’s Second Scheme Offers Higher Interest Than Amrit Kalash FD: Last Chance to Invest
Punjab National Bank 3-Year FD Scheme FAQs
What is the minimum deposit for PNB 3-Year FD?
The minimum amount is ₹1000.
Can I break my PNB FD before 3 years?
Yes, premature withdrawal is allowed but with a penalty (usually 1% lower interest rate).
How is the interest paid?
You can choose monthly, quarterly, or cumulative (on maturity) payout.
Is the PNB FD safe?
Yes. PNB is a government-backed bank, and your deposit is insured up to ₹5 lakh under DICGC guidelines.
Can NRIs invest in PNB 3-Year FDs?
Yes, through NRO (Non-Resident Ordinary) accounts.
