Pnb Fd Rates Calculator

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PNB Fixed Deposit (FD) Calculator

Years
Months
Days

Maturity Details

Total Invested:
Interest Earned:
Maturity Amount:
function calculatePNBFD() { var principal = parseFloat(document.getElementById('depositAmount').value); var rate = parseFloat(document.getElementById('interestRate').value); var years = parseInt(document.getElementById('tenureYears').value) || 0; var months = parseInt(document.getElementById('tenureMonths').value) || 0; var days = parseInt(document.getElementById('tenureDays').value) || 0; if (isNaN(principal) || isNaN(rate) || (years === 0 && months === 0 && days === 0)) { alert("Please enter valid amount, rate, and tenure."); return; } // PNB Fixed Deposit Calculation: // 1. For tenures = 6 months, Compound Interest (Quarterly) is applied as per RBI guidelines. var totalDays = (years * 365) + (months * 30.44) + days; var maturityAmount = 0; var totalTenureYears = totalDays / 365; if (totalDays < 180) { // Simple Interest for short term maturityAmount = principal + (principal * (rate / 100) * (totalDays / 365)); } else { // Compound Interest (Quarterly) – n = 4 var n = 4; maturityAmount = principal * Math.pow((1 + (rate / 100) / n), (n * totalTenureYears)); } var totalInterest = maturityAmount – principal; document.getElementById('resInvested').innerText = "₹" + principal.toLocaleString('en-IN'); document.getElementById('resInterest').innerText = "₹" + totalInterest.toLocaleString('en-IN', {maximumFractionDigits: 2}); document.getElementById('resMaturity').innerText = "₹" + maturityAmount.toLocaleString('en-IN', {maximumFractionDigits: 2}); document.getElementById('pnbResult').style.display = 'block'; }

Understanding the PNB Fixed Deposit (FD) Calculator

Punjab National Bank (PNB) is one of India's oldest and most trusted public sector banks. Investing in a PNB Fixed Deposit is a secure way to grow your savings with guaranteed returns. Our PNB FD Rates Calculator helps you estimate the maturity value of your investment based on the latest interest rate structures provided by the bank.

How PNB Calculates FD Interest

The calculation of interest on a PNB FD depends on the duration of the deposit:

  • Short-Term Deposits (Less than 6 months): Interest is generally calculated as Simple Interest at the time of maturity.
  • Long-Term Deposits (6 months and above): As per banking norms, interest is compounded quarterly. This means you earn interest on your interest every three months, leading to a higher effective yield.

Current PNB Interest Rate Factors

PNB offers different interest rates based on several criteria:

  1. Tenure: Rates vary significantly for short terms (7 days to 1 year) versus long terms (up to 10 years). Generally, the "400-day" or "666-day" special buckets offer the highest yields.
  2. Category of Depositor:
    • General Citizens: Standard applicable rates.
    • Senior Citizens (60-80 years): Usually receive an additional 0.50% interest.
    • Super Senior Citizens (Above 80 years): Often receive an additional 0.80% interest compared to general rates.
  3. Deposit Amount: Rates for bulk deposits (above ₹2 Crore) differ from retail deposits.

Example Calculation

If you invest ₹1,00,000 in a PNB Fixed Deposit for 2 years at an interest rate of 7.00%:

Component Value
Principal Amount ₹1,00,000
Tenure 2 Years
Interest Rate 7.00% p.a.
Compounding Frequency Quarterly
Estimated Maturity Value ₹1,14,888.18

Benefits of Using the Calculator

Using an online PNB FD calculator saves you from complex manual calculations using the compound interest formula: A = P (1 + r/n)^(nt). It allows you to compare different tenures and interest rates instantly, helping you plan your financial goals like buying a car, planning a wedding, or building an emergency fund with precision.

Disclaimer: Interest rates are subject to change by Punjab National Bank. The calculator provides an estimate; please check with your PNB branch or the official website for the most accurate current rates and terms.

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