Punjab National Bank FD Rates Calculator

Calculate the maturity value of your term deposits with Punjab National Bank (PNB). This tool helps you estimate returns based on the principal amount, tenure, and applicable interest rates, using the quarterly compounding logic standard in Indian banking.

INR
%
Years
Months
Days
General Public Senior Citizen (+0.50%) Super Senior Citizen (+0.80%)
Note: Changing category does not auto-fill the rate. Please enter the specific rate provided by PNB.
Quarterly (Standard for PNB) Monthly Half-yearly Yearly

Calculation Summary

Principal Amount: ₹0
Interest Earned: ₹0
Maturity Value: ₹0
* Figures are estimates. Actual returns may vary slightly due to rounding or leap years. TDS is not deducted in this calculation.

Understanding PNB Fixed Deposit Schemes

Punjab National Bank (PNB) is one of India's leading public sector banks, offering a variety of term deposit options for savers. Fixed Deposits (FDs) are a secure investment avenue where you deposit a lump sum for a fixed tenure and earn interest at a pre-determined rate.

How PNB Calculates Interest

Like most Indian banks, PNB typically calculates interest on term deposits on a quarterly compounding basis. This means the interest earned in one quarter is added to the principal, and interest for the next quarter is calculated on this increased amount. This "interest on interest" effect significantly boosts your returns over long tenures.

The formula used for quarterly compounding is:

A = P × (1 + r/400)(4 × t)

  • A: Maturity Amount
  • P: Principal Deposit
  • r: Annual Interest Rate
  • t: Tenure in Years

Special Rates for Senior Citizens

PNB offers preferential rates to older demographics:

  • Senior Citizens (60-80 years): Usually receive an additional interest rate of 0.50% over the standard card rates.
  • Super Senior Citizens (80+ years): May receive an additional interest rate of 0.80% over standard card rates.

Tax Implications (TDS)

Interest earned on Fixed Deposits is fully taxable. Banks are required to deduct Tax Deducted at Source (TDS) if the interest income exceeds ₹40,000 in a financial year (₹50,000 for senior citizens). However, submitting Form 15G or 15H can prevent TDS deduction if your total income is below the taxable limit.