PNB FD Scheme : Punjab National Bank (PNB) is one of India’s leading public sector banks, working under the supervision of the Central Government. In terms of market capitalization, PNB stands as the third-largest government bank in India. Over the years, it has introduced several saving and investment schemes for its customers, offering secure returns and financial growth.
One of the most popular and reliable options among these is the Fixed Deposit (FD) Scheme, which provides guaranteed returns with zero risk. In this article, we will discuss how you can invest ₹2 lakh in PNB’s FD and receive ₹49,943 as fixed and guaranteed interest.
Why Choose PNB Fixed Deposit?
Even in today’s era of stock markets and mutual funds, a large section of Indian investors still trusts fixed deposits as the safest investment option. Unlike market-linked instruments, FDs are risk-free and provide guaranteed returns. With PNB’s FD, customers can enjoy flexible tenure options ranging from 7 days to 10 years, making it suitable for both short-term and long-term financial planning.
Interest Rates on PNB Fixed Deposits
PNB offers attractive interest rates on its FD schemes. The rates differ for general citizens and senior citizens:
- For General Citizens: 3.50% to 7.25% per annum
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For Senior Citizens: 4.00% to 7.75% per annum
This means senior citizens enjoy an additional 0.50% interest benefit compared to regular depositors.
3-Year FD Scheme with PNB
For those looking to lock in their funds for a medium-term investment, PNB’s 3-year FD scheme is an excellent choice.
- For General Citizens: PNB offers 7.00% interest.
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For Senior Citizens: PNB offers 7.50% interest.
This ensures that investors not only secure their principal but also enjoy a significant return at maturity.
Example : Investment of ₹2 Lakh in PNB FD
Let’s take a practical example to understand the returns:
For General Citizens
- Investment Amount: ₹2,00,000
- Tenure: 3 Years
- Interest Rate: 7.00%
- Maturity Value: ₹2,46,287
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Total Interest Earned: ₹46,287
For Senior Citizens
- Investment Amount: ₹2,00,000
- Tenure: 3 Years
- Interest Rate: 7.50%
- Maturity Value: ₹2,49,943
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Total Interest Earned: ₹49,943
This clearly shows that senior citizens gain additional benefits and higher returns with PNB’s FD scheme.
Benefits of PNB Fixed Deposit Scheme
- Guaranteed Returns – Unlike shares or mutual funds, FD ensures fixed interest.
- Risk-Free Investment – Market fluctuations do not impact FD earnings.
- Flexible Tenure – Customers can choose from 7 days to 10 years.
- Additional Benefits for Senior Citizens – Higher interest rates ensure better maturity value.
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Loan Against FD – PNB also offers the option to avail a loan against your FD without breaking it.
Why FDs Remain Popular in India
Despite the rise of digital investments, stock trading, and mutual funds, fixed deposits remain the backbone of traditional Indian investments. The key reason is the security and assurance of returns, which attracts middle-class families, retired individuals, and risk-averse investors.
For senior citizens especially, PNB’s FD scheme acts as a steady source of income, making it an ideal choice for post-retirement financial stability.
Final Words
PNB’s Fixed Deposit Scheme is a reliable and safe investment option for those who prefer guaranteed returns over market-linked risks. By investing ₹2 lakh for 3 years, a senior citizen can earn ₹49,943 in interest, making the total maturity value ₹2,49,943.
If you are planning to secure your money and want assured growth, PNB’s FD scheme is definitely worth considering.
