Punjab National Bank (PNB) is one of India’s leading public sector banks.
Like other government banks, it offers safe and reliable fixed deposit (FD) options with assured returns.
Recently, after the RBI reduced the repo rate by 1.25%, many banks revised their FD interest rates.
Punjab National Bank has also updated its rates.
Even after the revision, PNB is offering attractive FD returns, especially for senior citizens.
Current FD Interest Rates at PNB
PNB allows customers to open FD accounts for a period starting from 7 days up to 10 years.
Interest rates currently range between 3.00% and 7.20%, depending on tenure and age group.
The bank’s 390-day FD scheme offers the highest interest:
6.40% for general citizens
6.90% for senior citizens
7.20% for very senior citizens
For long-term deposits of more than 3 years and less than 5 years, PNB offers:
6.10% to general citizens
6.60% to senior citizens
How ₹2 Lakh Can Grow in 5 Years
If a general citizen invests ₹2 lakh in a PNB FD for 5 years (60 months) at an interest rate of 6.10%, the maturity amount will be ₹2,70,701.
This includes a fixed interest of ₹70,701.
For senior citizens, the returns are even better.
A ₹2 lakh FD for 5 years at an interest rate of 6.60% will grow to ₹2,77,445, giving a guaranteed interest of ₹77,445.
Why PNB FDs Are a Safe Choice
PNB FDs are backed by a government-owned bank, making them a low-risk investment option.
They are ideal for investors who want stable returns, especially retirees and conservative savers looking for security over high risk.