|Tenure||Normal Citizen RD Rate||Senior Citizen RD Rate|
|3 Months to 6 Months||4.40%||4.90%|
|6 Months to 9 Months||4.40%||4.90%|
|9 Months to 1 Year||5.00%||5.60%|
|1 Year to 2 Years||5.00%||5.60%|
|2 Years to 3 Years||5.25%||5.75%|
|3 Years to 5 Years||5.25%||5.75%|
|5 Years to 10 Years||6.50%||7.30%|
Note: All interest rates shown above are as on 1st November 2023
6 Months - 10 Years
Public Interest Rates
4.40% to 6.50%
Senior Citizen Interest Rates
4.90% to 7.30%
Minimum Deposit Amount
Highest Rates for Public
Highest Rates for Senior Citizen
|Investment Amount||For 3 years with interest of 5.25%||For 5 years with interest of 6.50%|
|₹ 50,000||₹ 1,51,311||₹ 2,54,070|
|₹ 1 lakh||₹ 3,02,621||₹ 5,08,140|
|₹ 2 lakh||₹ 6,05,242||₹ 10,16,279|
|₹ 5 lakh||₹ 15,13,106||₹ 25,40,698|
|₹ 10 lakh||₹ 30,26,212||₹ 50,81,397|
|Maturity Amount||₹ 3,02,621||₹ 3,03,120|
|Total Investment Amount||₹ 3,00,000||₹ 3,00,000|
|Total Interest Gained||₹2,621||₹ 3,120|
|Bank Name||RD Interest Rates|
|City Union Bank||5.75% to 6.50%|
|BOI Bank||4.50% to 6.50%|
|Canara Bank||5.25% to 6.90%|
|Indian Bank||3.50% to 6.70%|
|BOB Bank||4.50% to 7.05%|
|Central Bank of India||4.50% to 6.75%|
|Karur Vysya Bank||6.00% to 7.00%|
|Union Bank of India||4.30% to 6.70%|
|Tamilnad Mercantile Bank||5.75% to 7.00%|
|Karnataka Bank||5.25% to 7.00%|
|Dhanlaxmi Bank||6.50% to 6.75%|
|South Indian Bank||4.50% to 6.50%|
|Federal Bank||5.00% to 7.30%|
|Bank of Maharashtra||4.50% to 6.00%|
|Indian Overseas Bank||4.50% to 6.80%|
|UCO Bank||4.50% to 6.50%|
|RBL Bank||4.75% to 7.50%|
|State Bank of India||4.50% to 7.00%|
|IDBI Bank||4.50% to 6.80%|
|Axis Bank||4.75% to 7.10%|
|HDFC Bank||4.50% to 7.10%|
|ICICI Bank||4.75% to 7.00%|
|Indusind Bank||4.75% to 7.50%|
|Kotak Mahindra Bank||4.00% to 7.10%|
|Yes Bank||5.00% to 7.75%|
|Bandhan Bank||4.50% to 7.25%|
|IDFC First Bank||5.00% to 7.50%|
|Equitas Small Finance Bank||7.25% to 8.20%|
|Capital Small Finance Bank||4.75% to 7.15%|
|Ujjivan Small Finance Bank||4.75% to 7.50%|
|Fincare Small Finance Bank||5.75% to 8.25%|
|ESAF Small Finance Bank||5.25% to 8.50%|
|North East Small Finance Bank||4.00% to 7.50%|
|Suryoday Small Finance Bank||5.00% to 8.50%|
|Utkarsh Small Finance Bank||6.50% to 8.00%|
|Jana Small Finance Bank||4.00% to 8.50%|
|DBS Bank||3.00% to 7.50%|
|Post Office||6.90% to 7.50%|
Frequently Asked Questions
What is the current interest rate of RD in Punjab National Bank?
How to open rd account in Punjab National Bank?
How to close rd in Punjab National Bank?
How to calculate maturity and interest in Punjab National Bank recurring deposit ?
What is Punjab National Bank RD interest rates for 1 year in 2023 ?
Punjab National Bank recurring deposit scheme is an investment scheme that allows investors to invest in small amounts for a fixed tenure. The tenure of PNB RDs ranges between 6 months and ten years. The Punjab National Bank recurring deposit rate is around 5.50% to 6.50% p.a. for normal citizen and 6.00% to 7.30% p.a. for senior citizen with different tenures. PNB also offers additional interest rates 25 bps for super senior citizens on their RD investments.
The interest rates offered by Punjab National Bank RD are in the range of 5.50% to 6.50% p.a. for a tenure of 6 months to 10 years for regular citizens. For the same tenure, the senior citizen RD rates range between 6.00% to 7.30% p.a.. PNB offers senior citizens additional interest of 0.5% on their RD investments. The interest is compounded half yearly. Returns from the bank recurring deposits can be estimated using the recurring deposit calculator. Also, the RD rates of PNB are higher than their savings account. PNB RD rates are dependent on the tenure of the investment, age of the investor, Reserve Bank of India policies and the current economic conditions in the country.
PNB offers the following recurring deposit schemes:
PNB RDs is an excellent investment alternative for investors who want to save small amounts regularly. Also, since PNB RDs guarantee returns, they are low risk investments. Hence investors looking for guaranteed returns can invest in PNB RDs. However, the interest income from PNB RD investments is subject to TDS and taxes. Therefore, investors have to consider taxes before investing in these investments.
The PNB RD account can be opened with as low as INR 100 per month. Furthermore, there is no limit on the maximum investment amount.
Yes, one can open a PNB RD account on behalf of a minor. Any minor who is above ten years can provide their ID proof and open the account. Also, any minor who is below or equal to 10 years of age can open the account with a guardian.
One can open a PNB RD account through offline and online modes. For online mode, one has to visit their website. And for offline mode, one has to visit the nearest branch of Punjab National Bank.
To be able to invest in PNB RD, one needs to have all valid documents. For identity proof, one needs to have an Aadhar Card, Passport, PAN Card, and any government ID proof. For address proof, one needs to have a Passport, Aadhar Card, utility bills, and bank statement with a cheque.
No, it is not possible to renew a PNB RD account.