PNB FD: Earn ₹2,49,943 on a ₹2 Lakh Investment – Know All the Latest Updates
Punjab National Bank (PNB), the third-largest public sector bank in India by market capitalization, continues to offer highly secure investment avenues. One such avenue is its Fixed Deposit (FD) scheme, where investors can earn assured returns without worrying about market volatility. With its latest updates effective April 7, 2025, a ₹2 lakh FD can grow to ₹2,49,943 under optimal conditions.
PNB FD Interest Rates: Quick Highlights
For those looking at guaranteed income, here are the key highlights of PNB’s FD interest rates:
- Highest slab rate: 7.25% p.a. for 400 days
- 1-year FD: 6.80% p.a.
- 2-year FD: 6.80% p.a.
- 3-year FD: 7.00% p.a.
- 4-5 years: 6.50% p.a.
- Tax-Saving FD: 6.35% to 6.50% p.a.
These returns are available for deposits under ₹3 crore, and are updated as of 7 April 2025.
How to Earn ₹49,943 Interest on a ₹2 Lakh Deposit
If a senior citizen invests ₹2 lakh in a 3-year FD, the amount at maturity will be ₹2,49,943,
- giving an interest income of ₹49,943 at 7.50% p.a. rate.
A general customer, on the other hand, earns ₹46,287,
- reaching a maturity amount of ₹2,46,287 at 7.00% p.a..
The higher rate for senior citizens makes a significant difference in earnings, especially over longer terms.
Detailed PNB FD Rates (Below ₹3 Crore, Domestic/NRO) – Effective Jan 1, 2025
| Tenure | General (%) | Senior (%) | Super Senior (%) |
|---|---|---|---|
| 7 – 14 days | 3.50 | 4.00 | 4.30 |
| 91 – 179 days | 5.50 | 6.00 | 6.30 |
| 180 – 270 days | 6.25 | 6.75 | 7.05 |
| 300 days | 7.05 | 7.55 | 7.85 |
| 303 days | 7.00 | 7.50 | 7.80 |
| 1 year | 6.80 | 7.30 | 7.60 |
| 400 days (highest rate) | 7.25 | 7.75 | 8.05 |
| 3 years | 7.00 | 7.50 | 7.80 |
| 5 years | 6.50 | 7.00 | 7.30 |
Note: These rates do not apply to NRO deposits for senior citizen benefits.
PNB FD vs Other Bank FD Rates (Top Scheduled Banks)
PNB offers competitive returns, but here’s how it stacks up:
| Bank | Highest Rate | 1-Yr FD | 3-Yr FD | 5-Yr FD |
|---|---|---|---|---|
| North East SFB | 9.00% | 7.00% | 9.00% | 6.25% |
| Unity SFB | 8.60% | 7.25% | 8.15% | 8.15% |
| PNB | 7.25% | 6.80% | 7.00% | 6.50% |
| YES Bank | 7.75% | 7.75% | 7.25% | 7.25% |
| IDFC First Bank | 7.90% | 6.50% | 6.80% | 6.75% |
While small finance banks may offer higher interest, PNB ensures greater stability and lower risk.
PNB Tax Saver FD and Bulk Deposits
- For tax-saving FDs, rates range from 6.35% to 6.50% (general) and 7.00% to 7.30% (senior citizens).
- For bulk FDs between ₹3 crore and ₹10 crore, interest rates vary from 5.45% to 7.25% depending on the tenure.
This makes PNB’s FD offering flexible for both retail and institutional investors.
Special Schemes for NRIs and FCNR (B) Deposits
NRI FDs (less than ₹3 crore) as of Jan 1, 2025:
- 1-year to 3-year tenure: Up to 7.00%
- 5-year and above: Around 6.50%
FCNR (B) FDs as of April 1, 2025 (USD):
- 1 to <2 years: 5.39%
- 5 years: 3.64%
These options help NRIs manage currency risks while earning stable returns.
Credit Card Against FD: PNB’s Extra Benefit
PNB also offers credit cards against FDs, such as:
| Card | Limit | Min FD | Annual Fee |
|---|---|---|---|
| Visa Signature | Up to 80% | ₹1.6 lakh | ₹2,000 (waiver available) |
| Rupay Millennial | Up to 80% | ₹65,000 | ₹999 (waiver available) |
These are great tools for credit-building without income proof.
Final Thoughts
Whether you’re a general investor, a senior citizen, or a bulk depositor, PNB’s FD products cater to every need. With an investment of ₹2 lakh, one can earn up to ₹49,943 in guaranteed interest under current rates. Combined with tax-saving options, NRI flexibility, and credit card benefits, PNB proves to be a well-rounded bank for secure investments.
