In this current trend of the economy and where investments are supposed to secure your future financially, everyone looks for a place that can take that risk with high yield security. While you are thinking about where to put your money, keep Punjab National Bank as one of the best destinations to turn to when you wish to establish a fixed deposit (FD) account.
It would be offering the highest interest rates of 8.05% for FD accounts, making it a best-selling product for risk-averse investors. The FD schemes at PNB are a blend of flexibility, safety, and outstanding return, whether you want short-term gains or want to rely on the future.
What Makes PNB Fixed Deposits a Wise Investment?
As the new calendar year kicks in with revised rates of interest and benefits at PNB, effective from January 1, 2025, these super competitive FD rates will be opened between 7 days and up to 10 years, giving every investor the option of liquidity in the face of short to long-term growth.
Key Highlights of PNB FD Interest Rates 2025:
- 400-day tenure offers the highest interest rate of 8.05%.
- Senior citizens (60+ years) enjoy an additional 0.5% to 0.75% interest, making their returns even more lucrative.
- Short-term FDs (7-14 days) provide 3.5% to 4.3% interest, ideal for emergency funds.
- Tax-saving FDs under Section 80C allow deductions of up to ₹1.5 lakh, helping you save while you earn.
Why Choose PNB FD Over Other Investments?
- Government-Backed Security – As a trusted public sector bank, PNB ensures 100% safety of your principal amount, free from market volatility.
- Higher Returns Than Savings Accounts – With rates surpassing regular savings accounts, FDs help your money grow faster without risk.
- Flexible Tenures – Whether you need funds in 7 days or 10 years, PNB offers multiple investment periods to match your financial goals.
- Special Benefits for Senior Citizens – Retirees can rely on extra interest earnings, making PNB FD a reliable pension supplement.
- Loan Against FD – In case of emergencies, you can avail a loan up to 90% of your FD value, ensuring liquidity without breaking the deposit.
Frequently Asked Questions (FAQs)
1. Is PNB FD 100% safe?
Yes, PNB is a government-owned bank, and its FDs are risk-free, ensuring capital protection and guaranteed returns.
2. What is the highest interest rate on PNB FD in 2025?
The highest rate is 8.05% for a 400-day tenure, making it one of the best FD options available today.
3. Do senior citizens get extra benefits?
Absolutely! Senior citizens receive an additional 0.5%, while super senior citizens (80+ years) get 0.75% extra, maximizing their earnings.
4. Are FD interest earnings taxable?
Yes, but investing in a 5-year tax-saver FD allows deductions under Section 80C, reducing your taxable income.
5. Can I withdraw my FD before maturity?
Yes, but early withdrawals may attract a small penalty. Alternatively, you can take a loan against your FD without breaking it.