Fixed Deposit Scheme : In an era of financial uncertainty, Fixed Deposits (FDs) remain one of the safest and most preferred investment choices for conservative investors in India. Punjab National Bank (PNB), one of the country’s leading public sector banks, has recently introduced a 3-year Fixed Deposit scheme that offers attractive returns. With just ₹3 lakh investment, depositors can now earn over ₹49,000 in three years — making it an excellent opportunity for risk-averse individuals looking to grow their savings securely.
This article offers a detailed breakdown of the new PNB FD scheme, interest rates, maturity amounts, and eligibility – along with how it compares with similar schemes in the market.
What is the PNB 3-Year Fixed Deposit Scheme?
Punjab National Bank’s 3-Year Fixed Deposit (FD) scheme is designed to offer higher returns with assured security of capital. The scheme offers a competitive interest rate and is particularly attractive to senior citizens, who can benefit from additional interest benefits.
Key Features:
- Duration: 3 Years
- Minimum Investment: ₹1,000
- Maximum Limit: No upper limit
- Interest Payout: Quarterly, Monthly, or at Maturity
- Interest Rate: Varies based on age group (regular/senior citizens)
- Premature Withdrawal: Permitted with applicable penalty
- Nomination Facility: Available
- Taxability: Interest earned is taxable under Income Tax Act
PNB 3-Year FD Interest Rates for 2025
PNB offers tiered interest rates based on the customer’s age. Below are the current rates:
| Customer Type | Interest Rate (Annual) |
|---|---|
| Regular Customers | 7.00% p.a. |
| Senior Citizens | 7.50% p.a. |
| Super Senior (80+) | 7.80% p.a. |
Earnings Calculation: How ₹3 Lakh Grows in 3 Years
Here’s how your investment will grow over a period of 3 years under this FD scheme:
| Customer Type | Investment (₹) | Interest Rate | Maturity Amount (Approx.) | Total Interest Earned |
|---|---|---|---|---|
| Regular | ₹3,00,000 | 7.00% | ₹3,49,215 | ₹49,215 |
| Senior Citizen | ₹3,00,000 | 7.50% | ₹3,51,776 | ₹51,776 |
| Super Senior (80+) | ₹3,00,000 | 7.80% | ₹3,53,979 | ₹53,979 |
Note: The above maturity values are approximations and can vary slightly based on interest compounding frequency and bank policies.
See more : RBI’s New Rules on Damaged Notes
Benefits of Investing in PNB’s 3-Year FD
- Guaranteed Returns: No market-linked risks; the return is fixed at the time of investment.
- Flexible Payout Options: Monthly/quarterly interest payout or cumulative return at maturity.
- Senior Citizen Advantage: Higher interest rates for individuals aged 60+.
- Liquidity Support: Premature withdrawal option available (penalty applicable).
- Safe Investment: Backed by one of India’s top public sector banks.
Comparison with Other Bank FDs
Let’s see how PNB’s offering compares with other leading banks:
| Bank Name | Tenure | Interest Rate (General) | Senior Citizen Rate | Max Maturity Amount on ₹3L |
|---|---|---|---|---|
| PNB | 3 Years | 7.00% | 7.50% | ₹3.49L – ₹3.52L |
| SBI | 3 Years | 6.75% | 7.25% | ₹3.44L – ₹3.47L |
| HDFC Bank | 3 Years | 7.00% | 7.50% | ₹3.49L – ₹3.52L |
| ICICI Bank | 3 Years | 6.90% | 7.40% | ₹3.47L – ₹3.50L |
| Axis Bank | 3 Years | 7.10% | 7.60% | ₹3.50L – ₹3.53L |
| Union Bank | 3 Years | 6.70% | 7.20% | ₹3.43L – ₹3.46L |
| Bank of Baroda | 3 Years | 6.85% | 7.35% | ₹3.45L – ₹3.49L |
Eligibility Criteria and Required Documents
Anyone meeting the following criteria can open a 3-year FD with PNB:
Eligibility:
- Indian Resident Individuals
- Hindu Undivided Families (HUFs)
- Sole Proprietorships, Companies, Partnerships
- Senior Citizens (60+)
- Minors (through guardian)
Documents Required:
- PAN Card
- Aadhar Card or other address proof
- Passport-size photograph
- Duly filled FD application form
How to Open a PNB FD Account?
There are multiple ways to open a PNB FD account:
- Online: Through PNB Internet Banking or Mobile App
- Offline: Visit the nearest PNB branch with KYC documents
- PNB One App: PNB’s official mobile application allows secure FD bookings
Who Should Consider This FD?
- Retirees and Senior Citizens: Looking for fixed income
- First-time Investors: Wanting to avoid stock market volatility
- Conservative Savers: Seeking capital protection
- Parents: Saving for child’s future education or marriage
Points to Consider Before Investing
- Tax Deducted at Source (TDS): Interest above ₹40,000/year (₹50,000 for seniors) is subject to TDS unless Form 15G/15H is submitted.
- Premature Withdrawal Penalty: A small deduction in interest rate applicable if withdrawn before maturity.
- Inflation Impact: Fixed returns may be lower than inflation-adjusted growth in the long term.
PNB’s 3-Year Fixed Deposit Scheme is a solid, low-risk investment option offering over ₹49,000 in returns for a ₹3 lakh investment. With higher interest rates for senior citizens, assured returns, and flexibility in tenure and payout, this FD scheme stands as a reliable choice in 2025 for anyone looking to safeguard and grow their savings.
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The interest rates mentioned in this article are subject to change as per the bank’s discretion. Investors are advised to check the latest rates on the official PNB website or consult with the branch before investing.
