| 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 Systematic Deposit Plan
The PNB Systematic Deposit Plan (SDP) is an investment product by Punjab National Bank (PNB) to help you systematically build savings over a fixed period. It allows you to invest a predetermined amount at regular intervals, same as a Recurring Deposit (RD), but with the flexibility to choose tenure and frequency of deposits. This plan is structured to offer stable returns while promoting disciplined savings habits among investors.
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 Systematic Deposit Plan
PNB FD Interest Rates for Domestic/NRO Term Deposits (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
PNB FD Interest Rates for Domestic/NRO Term Deposits (Rs. 3 Crore – 10 Crore) 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 |
People also read: FD Interest Rates
Features of PNB Systematic Deposit Plan
The key features of PNB Systematic Deposit Plan are as follows:
-
Minimum Monthly Installment: You can start your monthly installments with a minimum of Rs. 100 or more.
-
Monthly Deposit Limit: Monthly deposits are capped at ten times the core amount of the deposit.
-
Deposit Tenure: The deposit tenure ranges from 6 months to 60 months, providing you with flexibility.
-
No Penalty for Late Deposits: There is no penalty for late deposits, offering flexibility in payment schedules.
-
Loan and Overdraft Facilities: You can access funds through a loan or overdraft against your deposit. For detailed information, please refer to the "Loan against Term Deposit" section.
-
Interest Rate: The interest rate applied to the deposit is based on the card rate applicable to its tenure, as displayed on the website. These rates are subject to change periodically.
-
Interest Calculation and Payment: Interest is calculated daily and paid half-yearly according to the payment schedule.
-
Nomination Facilities: Nomination facilities are available for account holders, ensuring a smooth transfer of funds in case of unforeseen circumstances.
-
Tax Deduction at Source (TDS): Tax Deduction at Source (TDS) is applicable as per regulations, and the bank will issue TDS certificates for the deducted taxes.
FD interest rates India have fallen consistently over the last 12 years.
People also read: Which Bank is Best for Fixed Deposit
Eligibility Criteria for PNB Systematic Deposit Plan
-
Individuals (singly or jointly with others).
-
Minors aged 10 years and above, with proof of age.
-
Minors below 10 years under the guardianship of a natural or legal guardian.
-
Other entities such as firms, clubs, associations, trusts, educational institutions, municipal corporations, panchayats, government and quasi-government bodies, cooperative societies, religious or charitable institutions, Hindu Undivided Families (HUFs), and corporations.
PNB Interest Rates for Tax Saver Fixed 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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*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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