PNB FD Scheme : Every person in India wants to invest their hard-earned money in a place where it remains safe and earns good returns. That’s why most people prefer bank Fixed Deposit (FD) schemes. If you are also among those people, then through this article, we’ll tell you how much return you can get from Punjab National Bank (PNB) if you invest ₹2,00,000 in their FD scheme — and how it can grow to ₹2,76,000 after a few years. Read the full article for complete details.
PNB FD Scheme: A Powerful Fixed Deposit Option
Punjab National Bank (PNB) is a government-owned bank in India that offers several schemes and financial products to its customers. For those who have accounts with PNB, there’s a great opportunity to earn a handsome return through its FD schemes.
PNB offers Fixed Deposit plans with different tenures and interest rates. Currently, the bank has a special FD scheme that provides attractive returns to customers after a fixed tenure.
In recent times, the Indian stock market has been witnessing major fluctuations, making it risky for small investors. If you are looking for a safe investment option, a Fixed Deposit (FD) can be a reliable choice. FD is a traditional investment instrument that has been trusted by people for decades. Although the interest rates have gradually declined over the years, FD schemes still offer stability and assured returns. Today, we’ll discuss the returns you can get from PNB’s FD scheme.
PNB FD Scheme: Interest Rates and Tenure Details
PNB offers FDs ranging from 7 days to 10 years. The bank provides different interest rates for general citizens, senior citizens, and super senior citizens.
- Maximum Interest Rate: 6.60% for 390-day tenure (for general customers)
- Senior Citizens: 7.10%
- Super Senior Citizens: 7.40%
These rates may vary slightly depending on the deposit amount and term chosen.
How ₹2,00,000 Becomes ₹2,76,000 in PNB FD Scheme
For a 5-year PNB FD, the interest rates are as follows:
- General citizens: 6.50%
- Senior citizens: 7.00%
- Super senior citizens: 7.30%
If a general citizen invests ₹2,00,000, then at the end of 5 years, the maturity amount will be ₹2,76,084.
This means you will earn ₹76,084 as interest over the 5-year period.
This calculation shows that PNB’s FD scheme not only provides safety for your money but also ensures decent returns, especially compared to volatile investments like the stock market.
Keep Inflation in Mind Before Investing
Before investing in any FD scheme, it’s important to consider the inflation rate. If the return on your investment is lower than the average inflation rate, the real value of your money will decrease over time.
Therefore, your investment returns should ideally outpace inflation to maintain your purchasing power in the long term.
If you invest ₹2,00,000 in PNB’s 5-year FD scheme offering up to 7.40% interest, your maturity amount will be around ₹2,70,000–₹2,76,000, depending on your category (general, senior, or super senior citizen).
Conclusion
PNB’s Fixed Deposit scheme is a secure and reliable investment option for those who prefer steady and guaranteed returns over risky market-linked investments. With flexible tenures and attractive interest rates, the PNB FD Scheme is ideal for both short-term and long-term savers.
If you’re looking for a safe, government-backed investment that offers stable returns, then Punjab National Bank’s FD scheme can be a smart financial choice.
