PNB FD Interest Rates 2026 – Latest Punjab National Bank Fixed Deposit Rates, Features & Eligibility
Punjab National Bank (PNB) Fixed Deposits remain a popular choice in 2026 for investors looking for safe and predictable returns. As one of India’s leading public sector banks, PNB offers competitive FD interest rates across short-term and long-term tenures.
If you’re planning to invest, here’s a complete guide covering PNB FD interest rates 2026, features, eligibility, tax rules, and how to open an FD.
Quick Summary: PNB FD 2026
| Feature | Details |
|---|---|
| Bank Name | Punjab National Bank (PNB) |
| Tenure | 7 days to 10 years |
| Minimum Deposit | ₹1,000 (may vary by scheme) |
| Maximum Deposit | No upper limit |
| Senior Citizen Benefit | +0.50% (typically) |
| Interest Payout | Monthly / Quarterly / On Maturity |
| Premature Withdrawal | Allowed with penalty |
| Loan Against FD | Available |
PNB FD Interest Rates 2026
PNB FD interest rates vary depending on tenure and customer category (general or senior citizen). Rates are subject to revision as per RBI policy and bank notifications.
PNB FD Rates for General Public (Indicative 2026)
| Tenure | Interest Rate (p.a.) |
|---|---|
| 7 – 45 days | 3.50% |
| 46 – 90 days | 4.50% |
| 91 – 179 days | 5.00% |
| 180 – 270 days | 6.00% |
| 271 days – 1 year | 6.25% |
| 1 year | 6.75% |
| 444 days (special tenure, if available) | 7.25% |
| 2 – 3 years | 7.00% |
| 3 – 5 years | 6.75% |
| 5 – 10 years | 6.50% |
PNB FD Rates for Senior Citizens (60+ Years)
Senior citizens usually receive an additional 0.50% interest over regular rates.
Example: If the general rate is 7.00%, seniors may earn 7.50%.
Special limited-period schemes may offer slightly higher returns. Always check the latest rates in the PNB mobile app or at your nearest branch.
Key Features of PNB Fixed Deposit
1. Flexible Tenure
A. Choose from 7 days up to 10 years.
2. Guaranteed Returns
A. Interest rate is fixed at the time of booking.
3. Multiple Payout Options
A.
Cumulative FD (interest paid at maturity)
Non-cumulative FD (monthly/quarterly income)
4. Loan Against FD
A. Avail overdraft or loan up to 80–90% of deposit amount.
5. Premature Withdrawal Facility
A. Allowed before maturity with penalty.
6. Auto-Renewal Option
A. FD can automatically renew on maturity.
Types of PNB FD Schemes
PNB offers various FD options:
- Regular Fixed Deposit
- Tax Saver FD (5-year lock-in)
- Senior Citizen FD
- NRE/NRO FD (for eligible NRIs)
- Special Tenure FD Schemes (limited-time offers)
PNB Tax Saver FD 2026
If you are planning tax savings:
- Lock-in period: 5 years
- Eligible under Section 80C (up to ₹1.5 lakh)
- Premature withdrawal not allowed
- Interest is taxable
This option is suitable for salaried individuals looking to reduce taxable income.
Eligibility Criteria
You can open a PNB FD if you are:
- Resident Indian (18+ years)
- Senior citizen (60+ years)
- Minor (through guardian)
- Joint account holders
- HUF, firms, or companies (as per bank norms)
NRIs can open NRE/NRO deposits subject to eligibility.
How to Open PNB FD (Step-by-Step)
Option 1: Online via PNB Net Banking
- Login to PNB net banking or mobile app
- Go to “Accounts” → “Open Fixed Deposit”
- Enter deposit amount
- Select tenure
- Choose payout option
- Confirm and submit
FD receipt is generated instantly.
Option 2: Visit PNB Branch
- Fill FD application form
- Submit KYC documents (Aadhaar, PAN)
- Deposit cheque/cash
- Collect FD certificate
Premature Withdrawal Rules
- Allowed before maturity
- Penalty typically 0.5%–1% lower interest
- Tax Saver FD cannot be closed before 5 years
Penalty rules may vary by deposit type, so confirm before closing.
Taxation on PNB FD Interest
Important tax points for 2026:
- Interest earned is fully taxable
- TDS applies if interest crosses prescribed limit
- Senior citizens have higher TDS threshold
- Submit Form 15G/15H (if eligible) to avoid TDS
Always report FD interest in your Income Tax Return.
Who Should Invest in PNB FD?
PNB FD is suitable for:
✔ Risk-averse investors
✔ Senior citizens seeking regular income
✔ Individuals looking for tax-saving FD
✔ Short-term and medium-term savers
It may not suit investors looking for market-linked returns.
FAQs – PNB FD Interest Rates 2026
1. What is the highest PNB FD interest rate in 2026?
A. Mid-term special tenures (like 444 days, if available) often offer higher rates. Check the latest update in PNB app.
2. Is PNB FD safe?
A. Yes. PNB is a public sector bank regulated by RBI.
3. Can I break PNB FD before maturity?
A. Yes, except Tax Saver FD. Penalty may apply.
4. What is the minimum amount to open PNB FD?
A. Typically ₹1,000.
5. Does PNB offer monthly interest payout?
A. Yes, under non-cumulative FD option.
Troubleshooting & Common Issues
FD Not Visible in Account?
Refresh net banking or contact PNB customer care.
TDS Deducted?
Check PAN update and Form 15G/15H submission status.
Auto-Renewal Not Working?
Visit branch to update maturity instructions.
Security Tips Before Investing
- Verify interest rate and tenure before confirmation
- Update nominee details
- Avoid sharing OTP or banking credentials
- Keep FD receipt saved digitally
- Use official PNB app or branch only
Conclusion
PNB FD interest rates in 2026 remain competitive across short-term and medium-term tenures. With flexible payout options, senior citizen benefits, and government-backed credibility as a public sector bank, PNB Fixed Deposits continue to be a reliable investment option.
Before investing, compare tenure-wise returns and check the latest interest rates in the PNB mobile app or branch for accurate details.
