Punjab National Bank - Fixed Deposit Interest Rates

As of August 2026, Punjab National Bank offers a highest interest rate of 6.60% p.a. for general citizens and 7.10% p.a. for senior citizens on fixed deposits.

Yes, Punjab National Bank is a registered bank regulated by the RBI. Your deposits (up to ₹5 Lakhs per depositor) are insured by DICGC, which covers both principal and accrued interest.

The minimum tenure for a fixed deposit with Punjab National Bank starts from 7 Days. Longer tenures may offer higher interest rates.

Yes, Punjab National Bank offers an additional benefit of up to 0.80% p.a. over the general citizen rate for senior citizens (aged 60 and above).

Yes, interest earned on fixed deposits is taxable as per your income tax slab. TDS is deducted at 10% if total interest exceeds ₹40,000 per year (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.

Punjab National Bank charges a flat 1% penalty. Interest is recalculated at the card rate applicable — on the booking date — for the period the deposit actually stayed, or the contracted rate, whichever is lower, and 1% is deducted from that. Deposits closed within 7 days earn no interest.

As of August 2026, Punjab National Bank offers special FD rates for 390 days at 6.3% (6.8% for Seniors), 444 days at 6.6% (7.1% for Seniors), and 666 days at 6.5% (7% for Seniors).