PNB FD: When the market keeps going up and down, most people choose safe investments that give them fixed and guaranteed returns. One such reliable choice is a Fixed Deposit (FD). Punjab National Bank (PNB) India’s second-largest public sector bank, has been providing trustworthy FD services for decades.
PNB has launched a 390-day fixed deposit scheme that offers different interest rates for general, senior, and super senior citizens. If you plan to invest ₹3,00,000 understanding the maturity value is important to make an informed decision.
PNB Latest FD Interest Rates
After the recent RBI repo rate cut several banks have lowered their FD interest rates. PNB currently offers interest rates ranging from 3.25% to 7.50% depending on the tenure.
For the 390-day FD:
- General Citizens: 6.70%
- Senior Citizens: 7.20%
If you invest ₹3,00,000 in this scheme:
- General citizens will receive ₹3,22,073 at maturity.
- Senior citizens will get ₹3,23,768 at maturity.
PNB 24-Month FD: Maturity Amount for ₹2,00,000 Investment
If you deposit ₹2,00,000 for 24 months, here’s how much you will earn based on your age category:
For General Citizens
- Investment Amount: ₹2,00,000
- Interest Rate: 6.40%
- Total Interest Earned: ₹27,080
- Maturity Amount: ₹2,27,080
For Senior Citizens
- Investment Amount: ₹2,00,000
- Interest Rate: 6.90%
- Total Interest Earned: ₹29,325
- Maturity Amount: ₹2,29,325
For Super Senior Citizens
- Investment Amount: ₹2,00,000
- Interest Rate: 7.20%
- Total Interest Earned: ₹30,689
- Maturity Amount: ₹2,30,689
Why This FD Scheme Is a Good Choice
PNB’s fixed deposits are ideal for people looking for:
- Safe and low-risk savings
- Guaranteed and fixed returns
- A secure place to park their money
- Higher interest rates for senior and super senior citizens
With simple procedures, dependable returns, and the trust of a government-owned bank, PNB’s FD schemes are a strong option for building long-term financial security.
Disclaimer: This article is for informational purposes only. Always talk a financial advisor before making investment decisions.
[…] Read Also: PNB FD Calculator 2025: Check Returns for General, Senior & Super Senior Citizens […]