PNB New FD Schemes – When it comes to saving money with zero risk and guaranteed returns, fixed deposits (FDs) remain a top choice for Indians. For decades, they’ve been seen as a dependable way to grow your money without worrying about market ups and downs. Banks—both government and private—understand this love for FDs and keep launching new schemes to attract customers. Now, Punjab National Bank (PNB) has jumped into the game with two fresh FD offers that look quite promising.
New PNB FDs with 303 and 506 Days Tenure
PNB has introduced two new fixed deposit options for those looking for solid returns over a relatively short period. You can invest up to ₹3 crore in these FDs, which come with tenures of 303 days and 506 days. This makes them a good choice for investors who want a safe, mid-term option that isn’t locked in for years. The new interest rates came into effect from January 1, 2025, so these schemes are already available.
Interest Rates for Regular Customers
If you’re a regular customer, you’ll earn 7% interest on the 303-day deposit and 6.7% on the 506-day deposit. These are quite attractive, especially for tenures that don’t exceed a year and a half. The 303-day option, in particular, offers a great return in under a year—making it ideal for short-term financial planning or emergency savings.
Better Rates for Senior Citizens
PNB is offering even better deals for senior citizens. If you’re 60 or older, you can earn 7.5% on the 303-day FD and 7.2% on the 506-day FD. That half-a-percent extra may not seem like much at first glance, but over time, it adds up—especially for those relying on regular interest income during retirement.
Very Senior Citizens Get the Highest Returns
For those aged 80 and above, PNB is offering some of the best FD rates in the market right now. You’ll get 7.85% interest on the 303-day FD and 7.5% on the 506-day FD. These rates are hard to beat and are especially beneficial for people looking to earn more from their savings without taking any market risk.
Other Attractive FD Options Across Tenures
PNB’s FD options don’t stop there. For general customers, the bank offers FD tenures ranging from 7 days to 10 years, with interest rates between 3.50% and 7.25%. The highest return of 7.25% is available on FDs with a 400-day tenure. That makes the 400-day deposit another solid pick if you’re not opting for the newly introduced 303-day or 506-day schemes.
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Wider Interest Rate Range for Senior Citizens
PNB provides senior citizens with interest rates ranging from 4% to 7.75% across tenures from 7 days to 10 years. The highest return—7.75%—is available on FDs with a 400-day term. This rate beats many other banks’ offerings and makes PNB’s FDs a very appealing option for older investors.
Very Senior Citizens Enjoy Premium Rates
For very senior citizens (aged 80+), the interest rates range from 4.30% to a whopping 8.05%. Like with the other age groups, the 400-day tenure currently offers the highest return at 8.05%. These are among the most generous rates in the fixed deposit market, giving elderly investors an excellent opportunity to make their money work harder.
Whether you’re a general customer, a senior citizen, or a very senior citizen, PNB’s latest FD offerings are certainly worth a look. The new 303-day and 506-day tenures provide solid returns in a short time frame, and the special interest rates for older investors make them especially appealing. With PNB’s trusted name and guaranteed returns, these schemes offer a great balance of safety and earning potential.
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Disclaimer
The fixed deposit interest rates mentioned above are as of January 1, 2025, and are subject to change at the bank’s discretion. Investors are advised to confirm the latest rates and terms directly with Punjab National Bank before making any financial decisions.
