Punjab National Bank (PNB) has announced a revision of its fixed deposit (FD) rates, effective from 24 February 2026.
The move follows the Reserve Bank of India’s decision to keep the policy repo rate unchanged at 5.25% on February 6, 2026.
This update applies to both domestic and NRO deposits, including deposits below Rs. 3 crore and larger sums above Rs. 3 crore.
New FD Rates for Domestic Deposits Below Rs. 3 Crore
For deposits under Rs. 3 crore, PNB has increased interest rates across different tenures. Some key rates include:
7–14 days: 3.00% (Public), 3.50% (Senior Citizens), 3.80% (Super Senior Citizens)
1 year: 6.25% (Public), 6.75% (Senior Citizens), 7.05% (Super Senior Citizens)
2–3 years: 6.30% (Public), 6.80% (Senior Citizens), 7.10% (Super Senior Citizens)
5–10 years: 6.00% (Public), 6.80% (Senior & Super Senior Citizens)
Senior citizens get extra interest of 50–80 bps depending on tenure, while super senior citizens (80+) receive 80 bps extra.
Retired staff members receive higher benefits, up to 180 bps extra.
FD Rates for Deposits Above Rs. 3 Crore
For deposits above Rs. 3 crore, PNB’s revised rates are slightly lower compared to smaller deposits but still competitive:
7–45 days: 5.00% – 5.00%
1 year: 6.10% – 6.15%
2–3 years: 6.05% – 6.10%
5–10 years: 5.60% – 5.65%
These rates are applicable to both PNB Domestic Fixed Deposit Scheme and PNB Uttam Non-Callable FD Scheme.
Additional Guidelines
Interest on deposits is calculated on a 365-day year basis.
Deposits can be accepted for a maximum of 10 years.
In special cases such as court orders or regulatory requirements, deposits for more than 10 years can be accepted at the same rate as a 10-year FD.
PNB’s revised rates aim to provide better returns for investors while keeping senior citizens’ interests in mind.
