PNB Bank FD Calculator
PNB Domestic/NRO Term Deposit FD Rates Below Rs.2 Crore - General Public
| Tenure | Interest rate p.a. (General citizens) |
|---|---|
| 7 days to 14 days | 3% |
| 15 days to 29 days | 3% |
| 30 days to 45 days | 3% |
| 46 to 90 Days | 3.25% |
| 91 days to 179 days | 4.00% |
| 180 days to 270 days | 4.50% |
| 271 days to less than a year | 4.50% |
| 1 year | 5.50% |
| Above 1 year and up to 404 days | 5.50% |
| 405 days | 6.10% |
| 406 days to 2 years | 5.50% |
| Above 2 years and up to 3 years | 5.60% |
| Above 3 years and up to 5 years | 5.75% |
| Above 5 years and up to 10 years | 5.65% |
| 1,111 days | 5.75% |
Note: Interest Rates (% p.a.) w.e.f. 13 September 2022
PNB Domestic/NRO Term Deposit FD Rates Below Rs.2 Crore - Senior Citizens
| Tenure | Interest rate p.a. (General citizens) |
|---|---|
| 7 days to 14 days | 3.50% |
| 15 days to 29 days | 3.50% |
| 30 days to 45 days | 3.50% |
| 46 days to 90 days | 3.75% |
| 91 days to 179 days | 4.50% |
| 180 days to 270 days | 5.00% |
| 271 days to less than a year | 5.00% |
| 1 year | 6.00% |
| Above 1 year and up to 404 days | 6.00% |
| 405 days | 6.60% |
| 406 days to 2 years | 6.00% |
| Above 2 years and up to 3 years | 6.10% |
| Above 3 years and up to 5 years | 6.25% |
| Above 5 years and up to 10 years | 6.15% |
| 1,111 days | 6.25% |
Note: Interest Rates (% p.a.) w.e.f. 13 September 2022
PNB Domestic/NRO Term Deposit FD Rates Below Rs.2 Crore - Super Senior Citizens
| Tenure | Interest rate p.a. (General citizens) |
|---|---|
| 7 days to 14 days | 3.8 |
| 15 days to 29 days | 3.8 |
| 30 days to 45 days | 3.8 |
| 46 days to 90 days | 4.05 |
| 91 days to 179 days | 4.8 |
| 180 days to 270 days | 5.3 |
| 271 days to less than a year | 5.3 |
| 1 year | 6.3 |
| Above 1 year and up to 404 days | 6.3 |
| 405 days | 6.9 |
| 406 days to 2 years | 6.3 |
| Above 2 years and up to 3 years | 6.4 |
| Above 3 years and up to 5 years | 6.55 |
| Above 5 years and up to 10 years | 6.45 |
| 1,111 days | 6.55 |
Note: Interest Rates (% p.a.) w.e.f. 13 September 2022
PNB Domestic/NRO Term Deposit FD Rates Between Rs.2 Crore and Rs.10 Crore
| Tenure | Interest rate p.a. (General citizens) |
|---|---|
| 7 days to 14 days | 4.75% |
| 15 days to 29 days | 4.75% |
| 30 days to 45 days | 4.75% |
| 46 days to 90 days | 4.75% |
| 91 days to 179 days | 5.25% |
| 180 days to 270 days | 5.60% |
| 271 days to less than a year | 5.60% |
| 1 year | 6.25% |
| Above 1 year and up to 404 days | 6.25% |
| 405 days | 6.25% |
| 406 days to 2 years | 6.25% |
| Above 2 years and up to 3 years | 6.25% |
| Above 3 years and up to 5 years | 6.00% |
| Above 5 years and up to 10 years | 5.60% |
Note: The FD interest rates are effective as of 6 August 2022. It can change at the discretion of the bank.
PNB NRE Fixed Deposit Rates: Less than Rs.2 crore - General Citizens
| Tenure | Interest rate p.a. (General citizens) |
|---|---|
| 1 year | 5.75% |
| Above 1 year and up to 404 days | 5.75% |
| 405 days | 6.35% |
| 406 days to 2 years | 5.75% |
| Above 2 years and up to 3 years | 5.85% |
| Above 3 years and up to 5 years | 6.00% |
| Above 5 years and up to 10 years | 5.90% |
| 1,111 days | 6.00% |
Note: The FD interest rates are effective as of 9 August 2022. It can change at the discretion of the bank.
PNB NRE Fixed Deposit Rates: Rs.2 crore to less than Rs.10 crore - General Citizens
| Tenure | Interest rate p.a. (General citizens) |
|---|---|
| 1 year | 6.50% |
| Above 1 year and up to 404 days | 6.50% |
| 405 days | 6.50% |
| 406 days to 2 years | 6.50% |
| Above 2 years and up to 3 years | 6.50% |
| Above 3 years and up to 5 years | 6.25% |
| Above 5 years and up to 10 years | 5.85% |
Note: The FD interest rates are effective as of 6 August 2022. It can change at the discretion of the bank.
PNB FCNR (B) Deposit Rates
| Currency/Tenure | 1 year to less than 2 years | 2 years to less than 3 years | 3 years to less than 4 years | 4 years to less than 5 years | 5 years only |
|---|---|---|---|---|---|
| USD# | 4.25 | 3.93 | 4.18 | 4.28 | 4.38 |
| GBP# | 2.89 | 3.24 | 3.39 | 3.39 | 3.34 |
| EUR# | 0.57 | 0.62 | 0.67 | 0.67 | 0.67 |
| JPY | 0.11 | 0.11 | 0.11 | 0.11 | 0.16 |
| CAD | 3.5 | 4 | 4.25 | 4.25 | 4.25 |
| AUD | 2.6 | 3.1 | 3.35 | 3.35 | 3.35 |
PNB FCNR (B) Fixed Deposit Interest Rates w.e.f. 1 September 2022
PNB on Tax Saver Fixed Deposits
| Depositors | Up to 5 years Interest Rate (p.a.) | Above 5 years and up to 10 years (p.a.) |
|---|---|---|
| General Public | 5.75% | 5.65% |
| Senior Citizens | 6.25% | 6.15% |
| Staff Member | 6.75% | 6.65% |
| Retired Staff Member | 6.75% | 6.65% |
Note: The FD interest rates are effective 19 August 2022. It can change at the discretion of the bank.
PNB on PNB Uttam Term Deposit:
| Tenure bracket | Rs.15 lakh to Rs.2 crore(p.a.) | Rs.2 crore to Rs.10 crore(p.a.) |
| 91 days to 179 days | 4.05% | 5.30% |
| 180 days to 270 days | 4.55% | 5.65% |
| 271 days to less than 1 year | 4.55% | 5.65% |
| 1 year | 5.55% | 6.30% |
| Above 1 year and up to 404 days | 5.55% | 6.30% |
| 405 days | 6.15% | 6.30% |
| 406 days to 2 years | 5.55% | 6.30% |
| Above 2 years and up to 3 years | 5.65% | 6.30% |
| Above 3 years and up to 5 years | 5.80% | 6.05%% |
| Above 5 years and up to 10 years | 5.70% | 5.65% |
| 1,111 days | 5.80% | – |
Note: The FD interest rates are effective 19 August 2022. It can change at the discretion of the bank.
PNB Loan against FD
| Maturity Period Remaining when Granting Advances | Margin % |
|---|---|
| Advance against Term Deposit standing in the name of the borrower | |
| Up to 2 years | 5.00% |
| Above 2 years and up to 3 years | 7.50% |
| Above 3 years and up to 4 years | 10.00% |
| Above 4 years and up to 5 years | 12.00% |
| Above 5 years | 20.00% (Minimum) |
| Advance against third party deposits | 25.00% (Minimum) |
| Members of Staff/ honourably retired/ Voluntarily retired/ widow of Staff: | |
| Advance up to Rs. 3 Lacs | 5.00% |
| Advances Above 3 Lacs | As applicable to Public |
Advance Against Non-Resident Deposits (FCNR/NRO)
| Maturity Period Remaining when Granting Advances | Margin % |
|---|---|
| Advance against FCNR(B) Deposit to the Depositor | |
| Up to 1 year | 10.00% |
| Above 1 year but up to 2 years | 20.00% |
| Above 2 years | 30.00% |
| Advance against third party deposits | |
| Up to 2 years | 20.00% |
| Above 2 years | 30.00% |
| NRO Term Deposits | 25.00% |
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PNB FD Calculator
If you are planning to put your money in a risk-free investment scheme, you can opt for fixed deposits. These are secured investment options offered by renowned banks and NBFCs where you can earn considerable interest on your invested sum. PNB fixed deposit is one such investment option that offers attractive interest rates and various benefits.
You can start investing with a minimum of ₹1,000 for PNB Floating Rate FD scheme. However, the maximum investment amount can be as high as ₹10 crores. If you want to calculate the investment returns from PNB fixed deposit accurately, online FD calculator can be of great help.
Here’s more.
PNB Fixed Deposit (FD)
PNB offers a wide range of fixed deposit schemes such as Sugam FD, TaxSaver FD, Dugna FD and more. The minimum investment amount and interest rate can differ depending on the FD scheme you choose. As per recent updates, PNB offers a minimum of 3.50% interest rate on fixed deposits below ₹2 crores.
However, the accrued interest rate differs depending on your investment tenure. You can avail a higher PNB fixed deposit interest rate upon investing the money for a longer term. You should calculate the maturity amount before investing your money for better financial planning. As the manual calculation process is time-consuming and does not assure accuracy, you can take the help of an online FD calculator.
PNB FD calculator is a helpful online tool to compute the appropriate interest amount as per your chosen investment term. Besides, you can alter the figures to calculate the estimated returns for different investment amounts at different interest rates.
How Does the PNB FD Calculator Work?
PNB FD calculator is an easy-to-use online tool, designed for accurate results within a blink of an eye. Here are the easy steps you need to follow while calculating PNB fixed deposit maturity amount:
1. Start with entering the investment amount on “Total Investment” box
2. Enter the number of years you want to invest your money in PNB FD
3. Next, fill in the interest rate levied on your chosen tenure and investment amount
4. Check the result on the right side of the page
PNB FD calculator will display the payment break up for the invested amount, total maturity amount and estimated interest earned.
Generally, the FD interest amount is calculated using the compound interest formula. However, if you choose an investment term below 1 year, interest amount will be calculated using simple interest formula.
The compound interest formula goes as follows:
A = P (1 + r/n) ^ n*t
Here, “P” stands for the amount you have invested in your FD account
“r” denotes the PNB interest rate for fixed deposit
“n” represents the frequency of compounding FD interest (for instance, it will be 1 for yearly compounding, 2 for half-yearly, 4 for quarterly and 12 for monthly compounding)
“t” stands for the tenure of investment
“A” represents the total amount received on maturity
The above formula is illustrated with an example below:
Let’s assume Tina invested ₹1,00,000 for a tenure of 5 years at an interest rate of 6.5%.
Using the compound interest formula, the calculation goes as follows:
A = 1,00,000 (1 + 6.5%/1) ^ 1*5
So, A = 1,38,042
The interest amount Tina receives will be A – P = ₹1,38,042 – ₹1,00,000
So, the interest amount received is ₹38,042.
Let’s take a look at the simple interest formula:
M= P+ (PXRXT/100)
Here, “M” stands for the FD maturity amount
“P” is the principal amount you have invested
“R” represents the interest rate levied on your fixed deposit amount
“T” denotes the investment term
The online PNB fixed deposit calculator is the best option to avoid the hassles of this complex calculation process.
Benefits of An Online PNB FD Calculator
Here are some of the mention-worthy benefits of a PNB FD calculator:
- Helps achieve financial objectives
With this online tool, you can calculate the maturity amount before investing. So, you can choose a suitable FD plan as per your financial objective. It will help in planning your finances accordingly and achieving the desired objectives.Using this calculator, you can compare the interest rates levied on different investment terms and compute the returns. - User-friendly
Online FD calculator features a user-friendly interface to enhance your experience. Besides, they are free of cost and do not ask for your personal information to produce the result. - Accurate Calculations
The best thing is PNB FD calculator helps steer clear of miscalculation risks. It is programmed to produce an error-free result within seconds.
You can use the Upstox PNB fixed deposit calculator from anywhere at any time and calculate your FD returns quickly. It is a beneficial online tool to help you make crucial financial decisions in the least possible time.
Frequently Asked Questions
Do we have a premature withdrawal facility on PNB FD?
You can withdraw all PNB FDs before maturity but tax-saving FDs. However, you may not be eligible to receive the accrued interest rate if you withdraw FD early.
What is the penalty for early withdrawal in PNB FD?
PNB charges a penalty of 1% for premature withdrawal of fixed deposit. However, the penalty option may vary according to the chosen FD scheme.
In how many years has FD doubled in the PNB?
If you invest in the PNB Dugna Fixed Deposit scheme, your FD will be doubled in just 109 months. The accrued interest will be compounded quarterly for this scheme.
Can new customers open an FD online? If not, how can they do so?
New customers can only open an FD online when they have an internet banking facility.
Can I deposit an additional amount into my already existing FD?
No, the FD amount can be deposited initially during the investment. You cannot add an additional amount to an already existing FD account.
Can PNB FD account be closed online?
Yes, you can close your PNB FD account online if you have an internet banking facility available.
Does PNB provide an auto-renewal facility for fixed deposits?
Depositors can opt for an auto-renewal facility to renew their FD automatically after maturity.
What is the lock-in period for Tax Saving Scheme?
For Tax Saving FD schemes, the lock-in period is a minimum of 5 years.
What is the highest interest rate on PNB FD?
The highest interest rate on PNB FD is 7.25% for a tenure of 666 days for general citizens investing less than ₹2 crore. For senior citizens it is 7.75%.
Disclaimer:
This calculator is meant to be used for indicative purposes only. It is designed to assist you in determining the appropriate amount of prospective investments. This calculator alone is not sufficient and shouldn’t be used for the development or implementation of any investment strategy. Upstox does not take the responsibility/liability nor does it undertake the authenticity of the figures calculated therein. Upstox makes no warranty about the accuracy of the calculators/reckoners. The examples do not claim to represent the performance of any security or investments. In view of the individual nature of tax consequences, each investor is advised to consult his/her own professional tax advisor before making any investment decisions on the basis of the results provided through the use of this calculator.