As of February 24, 2026, Punjab National Bank (PNB) offers FD interest rates ranging from 3.00% to 6.60% p.a. For the general public, and 3.50% to 7.10% p.a. For senior citizens. Super senior citizens (80 years and above) can earn up to 7.40% p.a. On specific tenures, providing enhanced returns on their savings. These rates are crucial for investors planning their fixed deposit portfolios for the year.
| Parameter | Details |
|---|---|
| Bank Name | Punjab National Bank (PNB) |
| General Public FD Interest Rates (Range) | 3.00%-6.60% p.a. (as of Feb 24, 2026) |
| Senior Citizen FD Interest Rates (Range) | 3.50%-7.10% p.a. (as of Feb 24, 2026) |
| Super Senior Citizen FD Interest Rates (Range) | 3.80%-7.20% p.a. (for ages 80+), up to 7.40% p.a. (on 444-day special FD) (as of Feb 24, 2026) |
| Highest FD Rate for General Public | 6.60% p.a. On 444-day special FD (as of Feb 24, 2026) |
| Highest FD Rate for Senior Citizens | 7.10% p.a. On 444-day special FD (as of Feb 24, 2026) |
| FD Tenure Options | 7 days to 10 years |
| Minimum Deposit Amount | ₹100 (for some schemes) |
| Tax Saving FD Interest Rates | 5.85%-6.25% p.a. (as of 2026) |
| Special FD Schemes | 444-day special FD, PNB Double/Dugna scheme, PNB Palash Green Deposit, PNB Uttam, PNB Varshik Aay Yojana (VAY) Deposit Scheme, PNB Balika Shiksha, PNB Multi-Benefit Term Deposit Scheme |
| Interest Payout Options | Monthly, quarterly, or at maturity |
| Loan/Overdraft Facility against FD | Up to 90% of FD value (as of 2026) |
| Premature Withdrawal Penalty | 1% penal rate on contractual rate or applicable rate for tenure run (exceptions apply) |
| TDS Threshold (General Public) | ₹50,000 p.a. On interest income (as of 2026) |
| TDS Threshold (Senior Citizens) | ₹1,00,000 p.a. On interest income (as of 2026) |
PNB FD Key Highlights
PNB’s FD offerings provide competitive returns across various investor categories and tenures, with specific benefits for senior and super senior citizens. Investors can also explore special schemes like the 444-day FD for enhanced interest rates, and utilize the home loan interest calculator for other financial planning.
PNB FD Rates by Tenure & Category
Punjab National Bank (PNB) offers fixed deposit interest rates ranging from 3.00% to 6.60% p.a. For the general public and 3.50% to 7.10% p.a. For senior citizens, effective February 1, 2026. Super senior citizens (80 years and above) receive additional benefits, with rates up to 7.40% p.a. On specific tenures.
| Tenure | General Public (%) | Senior Citizens (%) | Super Senior Citizens (%) |
|---|---|---|---|
| 7 days to 10 years | 3.00%-6.40% p.a. (as of 2026) | 3.50%-6.90% p.a. (as of 2026) | 3.80%-7.20% p.a. (as of 2026) |
| 390 days | 6.40% p.a. (as of 2026) | 6.90% p.a. (as of 2026) | Not specified |
| 444 days | 6.60% p.a. (revised Feb 24, 2026) | 7.10% p.a. (revised Feb 24, 2026) | 7.40% p.a. (revised Feb 24, 2026) |
| 5 to 10 years (Long-Term Deposits) | 6.00%-6.10% p.a. (as of 2026) | 6.60%-6.80% p.a. (as of 2026) | Not specified |
| 5 years up to 10 years (Tax Saver FD) | 6.60% p.a. (as of 2026) | Not specified | Not specified |
| Tax Saving FDs | 5.85%-6.25% p.a. (as of 2026) | Not specified | Not specified |
| Special FD Schemes | 5.85%-7.25% p.a. (for deposits below ₹3 crore, as of 2026) | Higher rates (as of 2026) | Higher rates (as of 2026) |
| Special FD Schemes (Super Senior Citizens) | Not applicable | Not applicable | 6.80% p.a. (as of 2026) |
PNB FD Interest Rates by Tenure and Category
The highest PNB FD rate for the general public is 6.60% p.a. On the 444-day tenure, while super senior citizens can earn up to 7.40% p.a. On the same tenure (Source: PNB website, revised February 24, 2026). These rates are subject to change at the bank’s discretion.
PNB Special FD Schemes 2026
Punjab National Bank (PNB) offers several special fixed deposit schemes designed for various investor needs, with rates revised as of February 24, 2026. The PNB 444-day special FD scheme offers the highest returns, reaching 7.40% p.a. For super senior citizens.
| Scheme Name | Key Feature | Highest Interest Rate (%) | Eligibility |
|---|---|---|---|
| PNB 444 days FD | Short-term deposit scheme with competitive interest rate | 7.40% p.a. (for super senior citizens, w.e.f. Feb 24, 2026) | General citizens, senior citizens, super senior citizens |
| PNB 666 days scheme | Medium-term deposit with unique 666-day tenure and higher FD returns | Not specified in snippets (w.e.f. Feb 24, 2026) | General citizens, senior citizens, super senior citizens |
| PNB Palaash Green Deposit | Sustainability-linked FD encouraging eco-friendly investment | Not specified in snippets (w.e.f. Feb 24, 2026) | Available for 1204 or 1895 days |
| PNB Double/Dugna scheme | Long-term Fixed Deposit designed to double the invested amount within approximately 109 months (9 years and 1 month) through compounding | Not specified in snippets | Individuals (single/joint accounts) and HUFs |
| PNB Tax Saving FDs | Offers tax benefits under Section 80C with a 5-year lock-in; no premature withdrawal allowed | 6.25% p.a. (general public, as of 2026); 6.60% p.a. (senior citizens, as of 2026) | Customers with existing banking relationship with PNB or proper introductions |
| PNB Uttam Scheme (non-Callable FD scheme) | Offers higher interest rates on large deposits; no premature withdrawal allowed | Not specified in snippets | Not specified in snippets |
| Annuity Term Deposit Scheme for Victims of Road Accidents | Designed to provide regular monthly income to eligible policyholders | Not specified in snippets | Victims of Road Accidents |
| PNB Special Term Deposit | Low minimum deposit requirement | Not specified in snippets | Minimum deposit starts from as low as ₹100 |
| PNB Multi-Benefit Term Deposit Scheme | Low minimum deposit requirement | Not specified in snippets | Minimum deposit starts from as low as ₹100 |
| PNB Floating Rate Fixed Deposit Scheme | Interest rates linked to market benchmarks, adjusting periodically | Not specified in snippets | Minimum deposit amount of ₹1,000 |
| High-value FD scheme | Designed for large institutional or corporate investors | Not specified in snippets | Deposits above ₹10 crore |
These special schemes cater to diverse financial goals, from short-term savings to long-term wealth creation and tax planning. Always verify the current rates and specific terms directly with PNB before investing.
How PNB Fixed Deposits Work
Punjab National Bank (PNB) offers various fixed deposit (FD) options with tenures from 7 days to 10 years, providing secure investment avenues for different customer segments. As of February 2026, PNB’s FD interest rates for the general public range from 3.00% to 6.60% p.a., with higher rates for senior and super senior citizens. PNB allows online FD creation via Internet Banking or the PNB One app, alongside traditional branch applications.
PNB’s FD schemes are designed to cater to diverse financial goals, from short-term savings to long-term wealth accumulation and tax planning. Investors can also avail a loan or overdraft facility of up to 90% of their FD value. For more details on other public sector banks, you can compare SBI interest rates 2026.
- Eligibility Criteria: Individual resident Indians with an active PNB savings or current account can open an FD. The bank also caters to HUFs, blind, and illiterate persons, requiring basic KYC documents for identity and address verification.
- Minimum Deposit Amount: A PNB fixed deposit can be opened with a minimum investment of ₹100, making IT accessible to a wide range of investors.
- Flexible Tenure Options: PNB FDs offer flexible tenures ranging from 7 days to 10 years, allowing depositors to choose a period that aligns with their financial objectives.
- Interest Payout Options: Depositors can choose to receive interest payouts monthly, quarterly, or at maturity, providing flexibility for income planning.
- Loan/Overdraft Facility: PNB offers a loan or overdraft facility of up to 90% of the FD value, providing liquidity without breaking the deposit.
- Premature Withdrawal Policy: While premature withdrawal is generally allowed, IT may incur a penalty of 0.50% to 1% on the applicable interest rate, depending on the deposit amount and scheme. Senior citizens and staff are typically exempt from this penalty.
- Auto-Renewal Option: PNB provides an auto-renewal facility for FDs, ensuring continuous investment without manual intervention. This option is not applicable to certain schemes like Tax Saver FDs or Bulk Term Deposits.
- Online Application: FDs can be opened conveniently online through PNB’s Internet Banking portal or the PNB One mobile application, in addition to visiting a bank branch.
Understanding these operational aspects helps depositors maximize their returns and manage their investments effectively with Punjab National Bank.
Benefits of PNB Fixed Deposits
Punjab National Bank (PNB) Fixed Deposits offer guaranteed returns and capital safety, backed by the Indian government. As of 2026, PNB provides an additional 0.50% p.a. Interest for senior citizens and 0.80% p.a. For super senior citizens compared to general rates.
These FDs also feature flexible tenure options from 7 days to 10 years, catering to diverse financial goals.
- Guaranteed Returns: PNB FDs offer secure and predictable returns, making them a safe investment option. The interest rates for general citizens range from 3.00% to 6.60% p.a. As of 2026.
- Preferential Rates for Senior Citizens: Senior citizens (60 to <80 years) receive up to 0.50% p.a. Additional interest, while super senior citizens (80 years and above) get up to 0.80% p.a. Extra interest. For example, the 444-day special FD offers 7.40% p.a. For super senior citizens.
- Loan and Overdraft Facility: Depositors can avail a loan or overdraft facility of up to 90% of their FD value, providing liquidity without breaking the deposit. This feature helps meet urgent financial needs.
- Flexible Interest Payouts: PNB offers multiple interest payout options, including monthly, quarterly, or at maturity, allowing investors to choose based on their income requirements. The PNB Anupam Term Deposit, for instance, offers quarterly payouts.
- Online Application and Management: FDs can be opened and managed conveniently through PNB’s internet banking portal or the PNB One mobile app. This digital access simplifies the investment process.
- Deposit Insurance Coverage: Each PNB FD is covered by the RBI’s Deposit Insurance and Credit Guarantee Corporation (DICGC) for up to ₹5 lakh, ensuring safety even if the bank faces financial distress.
- Tax Saving Options: PNB offers Tax Saving FDs with interest rates ranging from 5.85%-6.25% p.a. (as of 2026), allowing investors to claim tax deductions under Section 80C of the Income Tax Act.
These benefits make PNB Fixed Deposits a versatile option for various investor profiles seeking stable growth and financial flexibility.
PNB FD vs Other PSU Bank FDs
Comparing PNB FD rates with other Public Sector Banks (PSBs) like SBI and Canara Bank reveals competitive offerings, especially for special tenures and senior citizens. As of February 24, 2026, PNB’s 444-day special FD offers up to 7.40% p.a. For super senior citizens, which is among the highest in the PSB segment for that tenure.
| Feature | PNB FD | SBI FD | Canara Bank FD |
|---|---|---|---|
| General Public FD Interest Rate (2-year tenure) | 6.30% p.a. (effective June 1, 2026, for 667 days to 2 years) | 6.25% p.a. (as of June 2026, for 2 years or less) | 6.25% p.a. (as of June 2026, for 2 years to less than 3 years) |
| Senior Citizen FD Interest Rate (2-year tenure) | 6.80% p.a. (effective June 1, 2026, for 667 days to 2 years) | 6.75% p.a. (as of June 2026, for 2 years or less) | 6.76% p.a. (as of June 2026, for 2 years to less than 3 years) |
| Super Senior Citizen FD Interest Rate (2-year tenure) | 7.10% p.a. (effective June 1, 2026, for 667 days to 2 years) | Not explicitly mentioned for 2-year tenure | Not explicitly mentioned for 2-year tenure |
| Highest FD Interest Rate (General Public) | 6.60% p.a. (for 444-day special FD, as of Feb 24, 2026) | Mid-6% range (standard FD rates, as of March 17, 2026) | 6.50% p.a. (for 444-day callable FD below ₹3 crore, as of April 2026) |
| Highest FD Interest Rate (Senior Citizens) | 7.10% p.a. (for 444-day special FD, as of Feb 24, 2026) | Up to 7.9% p.a. (for long-term tenures like 5 years, as of March 17, 2026) | 7.00% p.a. (for 444-day callable FD below ₹3 crore, as of April 2026) |
| Highest FD Interest Rate (Super Senior Citizens) | 7.40% p.a. (for 444-day special FD, as of Feb 24, 2026) | Not explicitly mentioned for 444-day tenure | Not explicitly mentioned for 444-day tenure |
| Minimum Deposit Amount | ₹100 | ₹1,000 | ₹1,000 |
| Loan/Overdraft Facility against FD | Up to 90% of FD value | Up to 90% of FD value | Up to 90% of FD value |
| Premature Withdrawal Penalty | 0.50% to 1% (exempt for senior citizens/staff) | 0.50% to 1% (typically 0.50% for deposits below ₹5 lakh) | 1% (for deposits below ₹2 crore) |
| Tax Saving FD Interest Rate | 5.85%-6.25% p.a. (as of 2026) | 6.50% p.a. (for general public, as of March 17, 2026) | 6.50% p.a. (for general public, as of April 2026) |
| Deposit Insurance Coverage | ₹5 lakh (DICGC, per RBI) | ₹5 lakh (DICGC, per RBI) | ₹5 lakh (DICGC, per RBI) |
| Online FD Creation | Available via Internet Banking/PNB One app | Available via Net Banking/YONO app | Available via Net Banking/Canara ai1 app |
FD Interest Rates Comparison (2-Year Tenure)
While PNB offers competitive rates, especially for its 444-day special FD, other PSBs like SBI and Canara Bank also provide attractive rates and features. Investors should compare specific tenures and categories to find the best fit for their financial goals, considering factors like premature withdrawal penalties and additional benefits for senior citizens. For more details on SBI’s offerings, you can check the SBI Interest Rates 2026.
PNB FD Premature Withdrawal & Penalty
Punjab National Bank (PNB) allows premature withdrawal of Fixed Deposits, but IT typically incurs a penalty. As of 2026, the bank charges a penal rate of 1% on the applicable interest rate for premature closures.
This penalty is applied to either the contractual rate or the rate applicable for the tenure the FD has actually run, whichever is lower. Certain categories of depositors are exempt from this penalty.
- Penalty Rate: PNB levies a 1% penalty on the interest rate for premature withdrawal of domestic term deposits (Source: lender’s website, 2026). This penal rate applies to the interest rate for the period the FD remained with the bank.
- Applicable Rate: The interest paid will be 1% less than either the contracted rate or the rate applicable for the actual duration the FD was held, whichever is lower.
- Exemptions for Senior Citizens: Senior citizens (60 to <80 years) and super senior citizens (80 years and above) are generally exempt from premature withdrawal penalties on their FDs.
- Staff Exemption: PNB staff members are also exempt from premature withdrawal penalties on their fixed deposits.
- High-Value FD Restriction: For high-value FDs above ₹10 crore, premature withdrawal is generally not permitted, except in cases of the depositor’s demise, winding up, bankruptcy, or court/regulatory directions.
Depositors should review the specific terms and conditions of their PNB FD scheme before initiating a premature withdrawal. You can also explore options like a loan against property if you need funds without breaking your FD.
PNB FD Interest Calculation & TDS
PNB Fixed Deposit interest is calculated based on the principal amount, tenure, and the applicable interest rate, compounded quarterly or annually depending on the scheme. As of 2026, interest earned on PNB FDs is fully taxable under the Indian Income Tax Act.
- Interest Calculation: PNB FD interest is typically compounded quarterly, with options for monthly, quarterly, or maturity payouts. An online FD interest rate calculator can help estimate returns.
- TDS for General Public: PNB deducts 10% TDS if the annual FD interest income exceeds ₹40,000 in a financial year (as of 2026).
- TDS for Senior Citizens: For senior citizens, the TDS threshold is higher, with 10% deducted if annual interest income surpasses ₹50,000 in a financial year (as of 2026).
- PAN Card Disclosure: If PAN card details are not provided to PNB, the TDS rate on FD interest increases to 20% (as of 2026).
- Form 15G/15H: Investors can submit Form 15G (for general citizens) or Form 15H (for senior citizens) to PNB to avoid TDS if their total income is below the taxable limit.
- Tax Saving FDs: PNB offers Tax Saving FDs with interest rates ranging from 5.85%-6.25% p.a. (as of 2026), which qualify for tax deductions under Section 80C of the Income Tax Act.
Understanding these tax implications is crucial for effective financial planning with PNB Fixed Deposits.
Key Takeaways
- PNB FD interest is typically compounded quarterly, with options for monthly, quarterly, or maturity payouts.
- TDS of 10% applies if annual interest exceeds ₹40,000 for general citizens and ₹50,000 for senior citizens (as of 2026).
- Non-disclosure of PAN card details results in a 20% TDS deduction on PNB FD interest.
Review PNB’s official website for the latest interest rates and tax guidelines before investing.
Frequently Asked Questions (FAQs)
What are the PNB FD interest rates for general citizens in 2026?
As of February 24, 2026, PNB FD interest rates for general citizens range from 3.00% to 6.60% p.a. for tenures between 7 days and 10 years. The highest rate of 6.60% p.a. is offered on the special 444-day tenure.
What are the PNB FD rates for senior citizens in 2026?
PNB offers senior citizens FD interest rates ranging from 3.50% to 7.10% p.a. as of February 24, 2026. The maximum rate of 7.10% p.a. is available for the 444-day special FD scheme.
What are the PNB FD rates for super senior citizens in 2026?
Super senior citizens (aged 80 years and above) can get PNB FD rates from 3.80% to 7.40% p.a. as of February 24, 2026. The highest rate of 7.40% p.a. applies to the 444-day special FD tenure.
What is the highest PNB FD interest rate in 2026?
The highest PNB FD interest rate in 2026 is 7.40% p.a. for super senior citizens on the special 444-day tenure. For general citizens, the highest rate is 6.60% p.a. on the same tenure, as per rates revised on February 24, 2026.
Can I prematurely withdraw my PNB FD in 2026?
Yes, PNB generally allows premature withdrawal of FDs, but IT may involve a penalty. The bank typically charges a 1% penal rate on the applicable interest rate for the period the FD was held. This penalty is communicated before closure.
What are the minimum and maximum tenures for PNB FDs?
PNB offers fixed deposit tenures ranging from a minimum of 7 days to a maximum of 10 years. These tenures apply to both general public and senior citizen deposits.
Does PNB offer any special FD schemes in 2026?
Yes, PNB offers several special FD schemes, including the 444-day special FD which provides the highest interest rates across all citizen categories. Other schemes include PNB Uttam, PNB Varshik Aay Yojana, and PNB Multi-Benefit Term Deposit Scheme.
