If you are looking for safe and stable investment options, PNB FD interest rates continue to attract risk-averse investors in India. Fixed Deposits offered by Punjab National Bank are known for reliability, flexible tenures, and competitive returns—especially for senior citizens.
In this detailed guide, we explain the latest PNB FD interest rates (February 2026), tenure-wise returns, benefits, eligibility, and how to choose the best FD option based on your financial goals.
What Is a PNB Fixed Deposit?
A PNB Fixed Deposit (FD) is a term investment where you deposit a lump sum amount with the bank for a fixed tenure and earn guaranteed interest. The interest rate remains unchanged throughout the tenure, making FDs one of the safest investment choices in India.
PNB offers FD tenures ranging from 7 days to 10 years, catering to both short-term and long-term investors.
PNB FD Interest Rates – February 2026 (Latest)
As of February 2026, PNB FD interest rates for deposits below ₹3 crore generally fall within the following range:
PNB FD Rate Highlights
- General Public: ~3.50% to 6.40% p.a.
- Senior Citizens: ~4.00% to 6.90% p.a.
- Super Senior Citizens: Up to 7.20% p.a. on select tenures
Senior citizens usually receive an additional 0.50% interest, while super senior citizens may get up to 0.80% extra on specific FD schemes.
Tenure-Wise PNB FD Interest Rate Overview
| FD Tenure | Interest Rate (General) |
|---|---|
| 7–45 days | 3.50% p.a. |
| 46–90 days | 4.50% p.a. |
| 91–179 days | 4.90% p.a. |
| 180–270 days | 5.60% p.a. |
| 271 days – <1 year | 5.60% p.a. |
| 1 year – 2 years | 6.25%–6.40% p.a. |
| 2 years – 3 years | 6.25% p.a. |
| 3 years – 5 years | 6.10% p.a. |
| 5 years – 10 years | 6.00% p.a. |
Rates may vary slightly depending on scheme and deposit size.
PNB FD Rates for Senior Citizens
Senior citizens (aged 60 years and above) enjoy higher interest rates on PNB FDs. This makes PNB a popular choice for retirees seeking regular and risk-free income.
| FD Tenure | Senior Citizen Rate (% per annum) |
|---|---|
| 7 to 14 days | 3.50% |
| 15 to 29 days | 3.50% |
| 30 to 45 days | 3.50% |
| 46 to 90 days | 5.00% |
| 91 to 154 days | 5.40% |
| 155 days | 6.05% |
| 156 to 179 days | 5.40% |
| 180 to 270 days | 6.10% |
| 271 to 302 days | 6.10% |
| 303 days | 6.05% |
| 304 days to <1 year | 6.10% |
| 1 year | 6.60% |
| Above 1 year to 389 days | 6.80% |
| 390 days | 6.90% |
| 391 days to 2 years | 6.80% |
| Above 2 years to 3 years | 6.80% |
| Above 3 years to 1203 days | 6.60% |
| Tax-Saver FD – 5 years | 6.60% |
Benefits for Senior Citizens
Extra 0.50% p.a. interest over the general public rate is typically offered on most tenures.
Best returns for senior citizens usually come on medium-term tenures around 1–2 years and special tenures like 390 days.
PNB also offers a Tax-Saver FD (5-year lock-in) for seniors with rates generally slightly higher than regular FDs.
These interest rates are guaranteed and fixed for the FD tenure you choose and credited as per payout frequency (e.g., quarterly/monthly/cumulative).
PNB Tax-Saving Fixed Deposit
PNB also offers a 5-year Tax Saver FD, which qualifies for deduction under Section 80C of the Income Tax Act.
Key Features
- Lock-in period: 5 years
- Tax deduction up to ₹1.5 lakh
- Stable returns with government-backed safety
Premature withdrawal is not allowed for tax-saving FDs.
Special PNB FD Schemes
From time to time, Punjab National Bank introduces special tenure FDs (such as 400-day or 444-day schemes) offering higher interest rates compared to regular deposits. These schemes are particularly attractive during periods of stable or falling interest rates.
How to Open a PNB Fixed Deposit?
You can open a PNB FD through multiple channels:
- Visit your nearest PNB branch
- Internet Banking (PNB One App)
- Official PNB website
Documents Required
- PAN Card
- Aadhaar Card / KYC documents
Why Choose PNB Fixed Deposits?
- Government-owned bank
- Guaranteed returns
- Flexible tenures
- Senior citizen benefits
- Loan/overdraft against FD available
PNB FDs are ideal for conservative investors, retirees, and anyone looking to preserve capital while earning steady interest.
Things to Consider Before Investing in PNB FD
- Interest earned is taxable
- TDS applies if interest exceeds ₹40,000 (₹50,000 for seniors)
- Premature withdrawal may attract a penalty
With competitive rates and strong credibility, PNB FD interest rates in 2026 continue to make Fixed Deposits a dependable investment choice. Whether you are saving for short-term goals or planning long-term financial security, PNB offers FD options to suit every need.
Before investing, always compare tenures and choose the option that maximizes returns while matching your liquidity needs.
FAQ – PNB FD Interest Rates
Rajil M P is a seasoned banking professional with over eight years of experience in the Indian banking sector. He has successfully completed the JAIIB and CAIIB examinations conducted by the Indian Institute of Banking & Finance (IIBF), reflecting his strong academic foundation and practical expertise in banking, finance, and risk management. He is the founder and editor of IndianBanker.com, a trusted platform focused on banking news, exam preparation, financial updates, and practical tools for banking aspirants, professionals, and informed readers. Drawing from real-world banking experience, Rajil simplifies complex topics such as interest rates, loans, deposits, RBI policies, and government schemes, making them easy to understand and apply.
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