PNB Bank’s New FD Plan : The Punjab National Bank (PNB) has introduced an attractive Fixed Deposit (FD) plan in 2025 that’s catching the attention of investors. With rising inflation and market uncertainties, many savers are turning towards fixed-income instruments. This new FD scheme promises to generate ₹50,000 interest on an investment of ₹2 lakh, offering a secure and high-yield option. Here’s a comprehensive look into PNB’s latest FD plan, its features, interest rates, tenure, and how you can benefit.
Key Highlights of PNB’s New Fixed Deposit Plan
- Earn up to ₹50,000 on ₹2 lakh FD investment
- Higher interest rates for senior citizens
- Multiple tenure options available
- Safe and secure investment with guaranteed returns
- Ideal for short-term and medium-term financial goals
Interest Rates on PNB Fixed Deposits in 2025
Punjab National Bank is currently offering attractive FD interest rates across various tenures. The interest rates vary based on the duration and investor type (general public vs. senior citizens). Here’s a breakdown of the current FD interest rates:
| Tenure | Interest Rate (General) | Interest Rate (Senior Citizens) | Effective Yield |
|---|---|---|---|
| 1 year | 6.75% | 7.25% | Moderate |
| 2 years | 7.00% | 7.50% | Good |
| 2 years 11 months | 7.25% | 7.75% | High |
| 3 years | 7.00% | 7.50% | Good |
| 5 years | 6.80% | 7.30% | Stable |
| 1111 days (Special FD) | 7.25% | 7.75% | Highest |
| 10 years | 6.50% | 7.00% | Long-term |
Note: Interest rates are subject to change based on bank policies.
How ₹2 Lakh Can Earn ₹50,000 in Interest
To earn ₹50,000 in interest on a ₹2 lakh deposit, investors can opt for the special 1111-day FD at a 7.25% interest rate. The power of compounding and the duration makes this possible.
| Investment Amount | Tenure | Interest Rate | Total Interest Earned | Maturity Amount |
|---|---|---|---|---|
| ₹2,00,000 | 1111 days | 7.25% | ₹50,000 (Approx.) | ₹2,50,000 |
| ₹2,00,000 | 3 years | 7.00% | ₹45,000 (Approx.) | ₹2,45,000 |
| ₹2,00,000 | 2 years 11 mo. | 7.25% | ₹49,500 (Approx.) | ₹2,49,500 |
Benefits of Investing in PNB Fixed Deposits
- Guaranteed Returns: No market risks or volatility
- Flexible Tenures: Choose tenure from 7 days to 10 years
- Tax Saving Option: 5-year tax-saving FDs under 80C
- Senior Citizen Benefits: Additional 0.50% interest rate
- Premature Withdrawal: Allowed with nominal penalty
- Loan Facility: Avail loan against FD
See more : Indian Railways Offers Free Services
Who Should Invest in This FD Scheme?
PNB’s new FD plan is suitable for:
- Retirees looking for steady income
- Risk-averse investors
- Parents planning for children’s education or marriage
- Salaried individuals looking to save tax and grow capital
- Anyone with idle cash seeking safe returns
How to Open an FD in PNB?
Opening an FD in PNB is simple and convenient. You can do it:
- Online: Through PNB net banking or mobile app
- Offline: Visit your nearest PNB branch
- Documents Required:
- PAN Card
- Aadhaar Card
- Passport-size photo
- Existing PNB account (optional but preferred)
| Mode of Opening | Steps |
|---|---|
| Online | Login > Deposit > Fixed Deposit > Choose Plan > Confirm |
| Branch Visit | Fill FD form > Submit documents > Deposit cash/cheque > Get receipt |
Tax Implications on FD Returns
- Interest earned on FDs is taxable under ‘Income from Other Sources’.
- If interest exceeds ₹40,000 in a financial year (₹50,000 for senior citizens), TDS will be applicable at 10%.
- Submit Form 15G/15H to avoid TDS if your income is below the taxable limit.
| Annual Interest | Taxable? | TDS Applicable | Form 15G/15H Needed |
|---|---|---|---|
| ₹30,000 | Yes | No | Not Required |
| ₹55,000 | Yes | Yes | Yes |
| ₹50,000 (Sr. Citizen) | Yes | No (if exempt) | Form 15H Recommended |
Comparison with Other Bank FDs (2025)
| Bank Name | Max FD Rate (General) | Max FD Rate (Senior) | Special Scheme Available |
|---|---|---|---|
| PNB | 7.25% | 7.75% | 1111 days FD |
| SBI | 7.10% | 7.60% | Amrit Kalash |
| HDFC Bank | 7.00% | 7.50% | Senior Citizen Care FD |
| ICICI Bank | 7.10% | 7.60% | Golden Years FD |
| Bank of Baroda | 7.25% | 7.75% | Baroda Tiranga Plus |
Punjab National Bank’s latest FD plan is an excellent opportunity for those seeking safe and stable returns. With competitive interest rates and special schemes like the 1111-day FD, investors can maximize returns without market risks. A ₹2 lakh investment yielding ₹50,000 is a strong case for exploring this option.
