| 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 Multi-Benefit Term Deposit Scheme
The PNB Multi-Benefit Term Deposit Scheme is a fixed deposit option offered by Punjab National Bank (PNB) that caters to a wide range of depositors. It provides several advantages compared to a standard fixed deposit. It offers a combination of attractive interest rates, potential loan access, and flexible terms, making it a well-rounded option for those seeking a secure investment with some additional benefits.
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 Multi-Benefit Term Deposit Scheme
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
People also read: PNB FD Interest Rates
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 |
Features of PNB Multi-Benefit Term Deposit Scheme
-
Maturity Option:
-
Interest is compounded quarterly.
-
Interest is payable on the deposit's maturity.
-
Interest is credited at the end of every calendar quarter (March 31, June 30, September 30, December 31).
-
Incomplete quarters are accounted for at the end for interest calculation.
-
-
Deposit Amount:
-
Minimum deposit: Rs.100.
-
Subsequent deposits: In multiples of Rupee one (Re.1).
-
Maximum deposit: Rs.1,99,99,999.
-
-
Period of Deposit:
-
Deposit tenure: 6 months to 120 months.
-
Tenure can be set in months and days, but not less than 180 days.
-
-
Interest:
-
Applicable card rate as per guidelines from HO: IRMD, ALM Cell.
-
Interest is compounded quarterly and payable on maturity.
-
-
Demand Loan/Overdraft Facility:
-
Available for deposits of Rs.10,000 and above upon written request.
-
People also read: FD Interest Rates
Eligibility of PNB Multi-Benefit Term Deposit Scheme
-
Individuals: Singly or jointly with others.
-
Minors: Age 10 years and above with proof of age.
-
Proprietorship/Partnership Firms: Business entities.
-
Commercial Organizations: Various business entities.
-
Companies/Corporate Bodies: Registered corporate entities.
-
Hindu Undivided Families (HUF): Eligible to open accounts.
-
Associations, Clubs, Societies, Trusts: Community and non-profit groups.
-
Religious/Charitable/Educational Institutions: Focus on religion, charity, or education.
-
Municipalities or Panchayats: Local government bodies.
-
Government or Quasi-Government Bodies: Various government entities.
-
Illiterate and Blind Persons: Inclusive eligibility for opening accounts.
FD interest rates India have fallen consistently over the last 12 years.
People also read: Which Bank is Best for Fixed Deposit
PNB Uttam (Non-Callable) Fixed Deposit Scheme Rates W.E.F. 10.06.2024
| Period | Rates For General Citizen W.E.F. 10.06.2024 (%) |
| 7 days to 14 days | NA |
| 15 days to 29 days | NA |
| 30 days to 45 days | NA |
| 46 days to 60 days | NA |
| 61 days to 90 days | NA |
| 91 to 179 days | 6.55 |
| 180 days to 270 Days | 6.70 |
| 271 days to 299 Days | 6.80 |
| 300 Days | 6.80 |
| 300 Days to < 1 Year | 6.80 |
| 1 Year | 7.30 |
| > 1 Year to 399 Days | 6.85 |
| 400 days | 6.85 |
| 401 days to 2 years | 6.85 |
| > 2 year to 3 years | 6.55 |
| > 3 year to 1203 days | 6.30 |
| 1204 days** | 6.20 |
| 1205 days to 5 years | 6.30 |
| > 5 years to 1894 days | 5.65 |
| 1895 days** | 5.50 |
| 1896 days to 10 years | 5.65 |
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 |
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People also read: FD Calculator
*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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