Latest PNB Bank RD Interest Rates: All You Need to Know

Saving regularly can feel tough, but an RD makes it simple. You just fix a small monthly amount and let it grow with assured returns. Among public sector banks, Punjab National Bank stands out for its trust and wide reach. 

The current PNB RD interest rates 2025 range from 6.00% to 6.50% p.a. for tenures between 6 months and 10 years, with seniors earning up to 0.80% extra as per the bank’s card rates. This makes PNB a safe choice for anyone looking to build wealth steadily without market risks.

Read on to learn more about the rates, features, eligibility and how you can open an RD with ease.

What is a PNB RD Scheme?

A PNB RD is a savings plan where you deposit a fixed sum monthly for a chosen tenure. At maturity, you get back your deposits plus interest. The PNB RD scheme is designed for steady savers who prefer security and predictable growth over market risks. It is backed by PNB’s official terms and conditions, ensuring clarity on rules.

PNB RD Interest Rates 2025

The table shows how different monthly deposits and tenures can help you reach a maturity value of ₹1 lakh under PNB RD interest rates 2025:

Tenure	Monthly Deposit (₹) For ₹1 Lakh Maturity	Rate of Interest (%)	Maturity Value (₹)
1 Year	8,051	6.4	1,00,009
2 Years	3,898	6.4	1,00,016
3 Years	2,515	6.4	1,00,002
4 Years	1,822	6.5	1,00,038
5 Years	1,409	6.5	1,00,026
6 Years	1,153	6.0	1,00,032
7 Years	958	6.0	1,00,089
8 Years	812	6.0	1,00,106
9 Years	699	6.0	1,00,127
10 Years	609	6.0	1,00,137

You can also calculate maturity values for higher deposits like ₹5 lakh or ₹10 lakh using the same PNB RD interest rates 2025. As the rates remain the same while the maturity amount scales up. These PNB Bank RD interest rates are official card rates and may change whenever the bank revises them.

PNB RD Interest Rates for Senior Citizens

Senior citizens between 60 and 80 years old get 0.50% extra on the PNB Bank RD interest rates for deposits up to 5 years. They get 0.80% extra for longer tenures on deposits below ₹3 crore. Super senior citizens over 80 years old get 0.80% extra across all maturity buckets. The PNB RD rates are designed to give retirees better returns.  

Key Features of PNB RD

Apart from the Punjab National Bank RD interest rates, these features also decide how much you ultimately earn:

• Minimum deposit: ₹100 per month, in multiples of ₹1
• Maximum deposit: ₹25 lakh per customer per month
• Flexible tenure: From 6 months to 120 months, in multiples of 1 month
• Standing instruction: Auto-debit option available from your PNB account
• Loan facility: You can borrow up to 90% of your RD balance if needed
• Premature withdrawal: Allowed with a 1% penalty on the PNB recurring deposit rate
• Payment due: The RD amount is paid at maturity or 1 month after the last instalment, whichever is later
• Delayed instalments: You pay ₹1 per ₹100 per month as penalty. But the amount still earns interest with half-yearly compounding

How to Apply for a PNB RD?

A PNB RD can be opened by individuals, minors, families, firms, companies or institutions. And you can apply online through net banking or at a branch with basic KYC documents. 

• Online: Use PNB’s net banking or mobile banking app to set up your RD instantly
• Branch: Visit your nearest PNB branch, fill out the RD form and provide the required KYC documents

Tax Rules on PNB RD

The interest you earn on a recurring deposit is taxable. TDS is applied if your interest in a financial year crosses ₹40,000 or ₹50,000 for senior citizens. If your income is below the tax limit, you can submit Form 15G or 15H to avoid TDS on your RD interest.

The PNB Bank RD interest rates for regular citizens can give you steady growth. And the PNB RD rates offer even better returns for senior citizens. This makes recurring deposits a safe option to save for future goals or to park extra money without risk.

With Fibe, you also have more ways to grow your wealth. You can open an FD starting at just ₹1,000, enjoy attractive fixed interest and grow your savings with ease. Just download the Fibe App and book an FD in a few clicks!

FAQs on PNB RD Interest Rates

How much interest will I get on a ₹1 lakh RD in PNB?

The return on a ₹1 lakh RD depends on the tenure you choose. For shorter terms like 1-3 years, the PNB RD rates are around 6.4%. For longer tenures of 4 to 5 years, the rate goes up to 6.5%. And for 6-10 years, it’s around 6.0%. Senior and super senior citizens get higher rates over and above these card rates.

Does PNB offer higher RD interest rates for senior citizens?

Yes, senior citizens get an additional 0.50% to 0.80% over regular rates. Super senior citizens get 0.80% extra across all tenures.

How do I get tax benefits on PNB RD?

RD interest itself does not qualify under special tax exemption clauses. But you can avoid TDS by submitting Form 15G / 15H if your total income is below the taxable thresholds. Just ensure your PAN and address proofs are updated.