| TENURE | REGULAR RATES | SENIOR CITIZEN |
| 7 to 14 days | 3.50% | 4.00% |
| 15 to 29 days | 3.50% | 4.00% |
| 30 to 45 days | 3.50% | 4.00% |
| 46 to 90 days | 4.50% | 5.00% |
| 91 to 179 days | 4.50% | 5.00% |
| 180 to 270 days | 6.25% | 6.75% |
| 271 days to 299 days | 6.50% | 7.00% |
| 300 days | 7.05% | 7.55% |
| 301 days to less than 1 year | 6.50% | 7.00% |
| 1 year | 6.80% | 7.30% |
| Above 1 year to 399 days | 6.80% | 7.30% |
| 400 days | 7.25% | 7.75% |
| 401 days to 2 years | 6.80% | 7.30% |
| Above 2 years to 3 years | 7.00% | 7.50% |
| Above 3 years to 1203 days | 6.50% | 7.00% |
| 1204 days | 6.40% | 6.90% |
| 1205 days to 5 years | 6.50% | 7.00% |
| Above 5 years to 1894 days | 6.50% | 7.30% |
| 1895 days | 6.35% | 7.15% |
| 1896 days to 10 years | 6.50% | 7.30% |
PNB Balika Shiksha
PNB Balika Shiksha is a fixed deposit scheme offered by Punjab National Bank (PNB) specifically for girl's education. It aims to encourage and financially support families who want to ensure their daughters can pursue higher studies.
Returns as high
as 7.1%*
Includes life cover
Completely Tax free+
as 7.1%*
Includes life cover
Completely Tax free+
Maximum returns Offered by
Guaranteed
Highest
7.1%*
Guaranteed Plan
(by insurance companies)
(10 Years)
6.5%**
Fixed Deposits
(by SBI bank)
(5-10 Years)
7.1%***
Public Provident Fund
(other popular options)
(15 Years)
Get Guaranteed returns up to 7.1%*
Fully Tax-Free* (unlike FD), Life Cover Included
- Home
- FD Interest Rates
- PNB FD Interest Rates
- PNB Balika Shiksha
FD Interest Rates of Domestic/NRO (Below Rs. 3 Crore) W.E.F. 10.06.2024
Comparison Between
Guaranteed Return Plans
Returns Before Tax
7.5% (TAX-FREE)
Returns After Tax
7.5%
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
Still Better than FD’s and Debt Mutual Fund
Fixed Deposits
Returns Before Tax
7% (TAXABLE)
Returns After Tax
4.8%
Guaranteed Returns
Yes
Life Cover
No
Tax on Profit
Taxable
Risk
Low Risk
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
Returns After Tax
5.5%
Guaranteed Returns
No
Life Cover
No
Tax on Profit
Taxable
Risk
High Risk
*For annual premium upto ₹5 Lacs
FD Interest Rates of Domestic/NRO (Rs. 3 Crore and Above) W.E.F. 10.06.2024
| Period | Revised Rates For General Citizen W.E.F. 10.06.2024 (%) |
| 7 days to 14 days | 6.00 |
| 15 days to 29 days | 6.00 |
| 30 days to 45 days | 6.00 |
| 46 days to 60 days | 6.40 |
| 61 days to 90 days | 6.60 |
| 91 to 179 days | 6.50 |
| 180 days to 270 Days | 6.65 |
| 271 days to 299 Days | 6.75 |
| 300 Days | 6.75 |
| 300 Days to < 1 Year | 6.75 |
| 1 Year | 7.25 |
| > 1 Year to 399 Days | 6.80 |
| 400 days | 6.80 |
| 401 days to 2 years | 6.80 |
| > 2 year to 3 years | 6.50 |
| > 3 year to 1203 days | 6.25 |
| 1204 days** | 6.15 |
| 1205 days to 5 years | 6.25 |
| > 5 years to 1894 days | 5.60 |
| 1895 days** | 5.45 |
| 1896 days to 10 years | 5.60 |
Eligibility of PNB Balika Fixed Deposit Shiksha
-
Eligible Students:
-
All girls who pass class VIII from Kasturba Gandhi Balika Vidyalayas and enroll for class IX in State/UT Govt., Govt. aided, or local bodies schools from the academic year 2008-09 onwards, irrespective of their caste.
-
All SC/ST girls who pass class VIII and enroll for class IX in State/UT Govt., Govt. aided, or local bodies schools from the academic year 2008-09 onwards.
-
Additional Conditions:
-
The accounts must be for unmarried girls below 16 years of age as on 31st March of the year they join class IX.
-
Exclusions:
-
Students enrolled in private unaided schools.
-
Students enrolled in schools run by the Central Government.
This ensures that the scheme supports the education of girls from disadvantaged backgrounds, encouraging them to continue their studies beyond class VIII.
Features of PNB Balika Shiksha Fixed Deposit Scheme
Savings Account Opening:
-
Initial Deposit Amount: NIL.
-
Requirement: Application with birth certificate issued by the School Head based on enrollment record.
Fixed Deposit:
-
Deposit Amount: ₹3,000 deposited by the Government of India.
-
Eligibility for Withdrawal: Girl child can withdraw upon reaching 18 years of age.
-
Period of Deposit: From the deposit date to the date the girl child turns 18.
Withdrawal Process:
-
Pre-condition: Successful completion of Class X Board Examination.
-
Required Documents:
-
Xth class pass certificate.
-
Certificate from the Principal/Head of the School confirming continuation of studies for at least 2 years after enrollment in Class IX.
-
Study Requirement: Continuation of studies for at least 2 years in secondary school after enrollment in Class IX.
Automatic Renewal:
-
Renewal Duration: Auto renewal for 30 days until final disposal of funds.
-
Conditions: No auto renewal if directions are received from the implementing agency before the due date. In such cases, the implementing agency will authorize the bank to transfer the matured amount to the Savings account of the girl beneficiary.
Loan/Advance:
-
No loan or advance against these deposits.
Interest Rate:
-
CARD interest rate as applicable for normal Fixed Deposit schemes for various tenors.
Premature Cancellation:
-
Restriction: No premature withdrawal allowed.
-
Exception: In case of the student’s death before age 18, the amount will be transferred to the Central Government's account.
FD interest rates India have fallen consistently over the last 12 years.
PNB Tax Saver Deposit Scheme W.E.F. 12.04.2024
| Rates For General Citizens (%) | Rates For Sr. Citizen (%) | |
| 5 Years | 6.50 | 7.00 |
| > 5 Years to 1894 days | 6.50 | 7.00 |
| 1895 days | 6.35 | 6.85 |
| 1895 days to 10 years | 6.50 | 7.00 |
PNB FCNR Deposit Scheme W.E.F. 12.04.2024
| Currency | 1 yr< 2 yrs | 2 yrs< 3 yrs | 3 yrs< 4 yrs | 4 yrs< 5 yrs | 5 Yrs. only |
| USD* | 5.65 | 4.5 | 4.3 | 3.85 | 3.9 |
| GBP* | 5.1 | 4 | 3.8 | 3.7 | 3.5 |
| EUR* | 3.75 | 1.5 | 1.5 | 1.5 | 1.5 |
| JPY | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| CAD | 4.25 | 3.85 | 3.6 | 3.65 | 3.7 |
| AUD | 4.54 | 4.44 | 4.15 | 3.95 | 3.75 |
PNB NRE Deposit Scheme W.E.F. 12.04.2024
| Period | less than Rs. 3 Cr. | Rs. 3 Cr. To Rs. 10 Cr. |
| 1 year | 6.8 | 7.25 |
| > 1 year to 399 days | 6.8 | 6.8 |
| 400 days | 7.25 | |
| 401 days to 2 years | 6.8 | |
| > 2 years to 3 years | 7 | 6.5 |
| > 3 year to 1203 days | 6.5 | 6.25 |
| 1204 days** | 6.4 | 6.15 |
| 1205 days to 5 years | 6.5 | 6.25 |
| > 5 years to 1894 days | 6.5 | 5.6 |
| 1895 days** | 6.35 | 5.45 |
| 1896 days to 10 years | 6.5 | 5.6 |
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*All savings are provided by the insurer as per the IRDAI approved
insurance plan. Standard T&C Apply
+ Trad plans with a premium above 5 lakhs would be taxed as per
applicable tax slabs post 31st march 2023
#Discount offered by insurance company
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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