PNB Fixed Deposit

Rate, maximum and fees

Checked at source 2 Oct 2026 · Each bank’s own rate page or rate card, deposits below ₹3 crore

What that costs in rupees

On ₹5,00,000 for 5 years, compounded quarterly.

Interest is taxed at your slab rate, so this assumes the top slab plus 4% cess. At a lower slab you keep more. TDS applies once interest crosses the annual threshold. Run your own amount and tenure through the FD calculator.

How it compares

Punjab National Bank is the 8th highest of the 12 providers we track — 1.65% below Suryoday Small Finance Bank at 8.25%. The full board is on best FD rates.

What moves this rate

Public sector bank. Floating retail loans are priced off an external benchmark, so RBI rate cuts pass through within a reset cycle — which is also why the bank’s home loan interest rate moves on a schedule rather than at the bank’s discretion.

FD interest is taxed at your normal slab rate. There is no special treatment. So the advertised rate is a before-tax figure. At the 30% slab plus 4% cess, roughly a third of it goes in tax. The bank also cuts TDS once your interest crosses the yearly limit.

Deposit insurance matters more than the last few decimal points of rate. DICGC covers ₹5 lakh per person per bank, including interest. Anything above that in one bank is uninsured, however good the rate looks. Splitting money across banks keeps every rupee covered. If you need the money back without breaking the deposit, a loan against FD is usually cheaper than the penalty.

Every other Punjab National Bank product we hold a dated rate for is listed on the PNB bank page.

Terms change without notice. Confirm the current figures with Punjab National Bank before you act.