PNB usually offers a higher rate on its 400-day tenure; it appears as a separate row in the rate card above.
PNB FD Calculator
Punjab National Bank FD maturity at the latest rate card, cumulative vs income (payout) modes, senior-citizen rates, and a quick comparison with other banks' deposits.
Maturity amount
₹5,33,301
Total interest
₹33,301
Applicable rate
6.50%
1 year – 399 days
TDS deducted (if PAN linked)
₹0
Interest after TDS
₹33,301
Year-wise balance
| Year | Principal | Interest earned | Value |
|---|---|---|---|
| 1 | ₹5,00,000 | ₹33,301 | ₹5,33,301 |
- Interest compounded quarterly.
- Premature withdrawal typically attracts a 0.5–1% penalty on the applicable rate.
Punjab National Bank rates as on 2026-06-15 for deposits below ₹3 crore; indicative and subject to revision by the bank. TDS applies when interest exceeds ₹50,000 a year (₹1,00,000 for senior citizens).
Punjab National Bank FD interest rates
| Tenure | General (p.a.) | Senior citizen (p.a.) |
|---|---|---|
| 7 – 45 days | 3.50% | 4.00% |
| 46 – 90 days | 4.50% | 5.00% |
| 91 – 179 days | 5.50% | 6.00% |
| 180 – 270 days | 6.00% | 6.50% |
| 271 days – < 1 year | 6.25% | 6.75% |
| 1 year – 399 days | 6.50% | 7.00% |
| 400 days | 6.60% | 7.10% |
| 401 days – 2 years | 6.50% | 7.00% |
| > 2 years – 3 years | 6.50% | 7.00% |
| > 3 years – 5 years | 6.25% | 6.75% |
| > 5 years – 10 years | 6.00% | 6.50% |
Rates as on 2026-06-15; indicative for deposits below ₹3 crore. Verify on the bank's website before investing.
How the PNB FD Calculator works
Punjab National Bank pays interest on fixed deposits by tenure slab. Cumulative deposits compound quarterly and pay everything at maturity; payout deposits credit simple interest to your account monthly or quarterly.
Senior citizens get an extra 0.5% p.a. on most tenures. Interest is taxable at your slab; the bank deducts 10% TDS once interest in a financial year crosses the threshold (20% without PAN), which you can avoid with Form 15G/15H if your total income is below the taxable limit.
Maturity = P × (1 + r/4)^(4 × years) (quarterly compounding)
- P
- deposit
- r
- annual rate
Worked example
- Deposit amount: ₹5,00,000
- Tenure: 1 year
- Depositor: General
- Interest: Cumulative
₹5 lakh for 1 year at 6.5% compounded quarterly matures at about ₹5,33,301. The effective yield is slightly above the card rate because of quarterly compounding.