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Fixed & recurring deposits

PNB Tax Shield Fixed Deposit Scheme

A five-year tax-saving fixed deposit with ₹100 minimum and ₹1.50 lakh annual maximum, no premature withdrawal before five years except death, and published senior/staff interest additions.

General rate6.10% p.a. public rate for the five-year slab (revised 01.02.2026).Senior-citizen rate6.60% p.a. for senior citizens; staff and retired staff additions are governed by PNB rules.Tenure / programmeFive-year lock-in; premature/part withdrawal before five years is not allowed except on depositor death under rules.
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Quick eligibility check

PNB Tax Shield Fixed Deposit Scheme

0 of 2 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Eligible depositors complying with the scheme and / requirements?

Published source: Eligibility

2Do you meet this requirement: joint holding and tax treatment follow the scheme rules?

Published source: Eligibility
0 of 2 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byPunjab National Bank

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Tenure / programmeFive-year lock-in; premature/part withdrawal before five years is not allowed except on depositor death under rules.View source
Five-year lock-in; premature/part withdrawal before five years is not allowed except on depositor death under rules.
Source
PNB Tax Shield Fixed Deposit Scheme
Page / section
Period of Deposit
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
General rate6.10% p.a. public rate for the five-year slab (revised 01.02.2026).View source
6.10% p.a. public rate for the five-year slab (revised 01.02.2026).
Source
PNB Deposit Interest Rates
Page / section
Current rate table
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Senior-citizen rate6.60% p.a. for senior citizens; staff and retired staff additions are governed by PNB rules.View source
6.60% p.a. for senior citizens; staff and retired staff additions are governed by PNB rules.
Source
PNB Deposit Interest Rates
Page / section
Senior-citizen rate table
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Minimum / deposit amountMinimum ₹100 and multiples thereof; maximum ₹1,50,000 per financial year.View source
Minimum ₹100 and multiples thereof; maximum ₹1,50,000 per financial year.
Source
PNB Tax Shield Fixed Deposit Scheme
Page / section
Deposit Amount
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Withdrawal / refund termsPremature cancellation/part withdrawal before the five-year lock-in is not allowed; death exception applies under rules.View source
Premature cancellation/part withdrawal before the five-year lock-in is not allowed; death exception applies under rules.
Source
PNB Tax Shield Fixed Deposit Scheme
Page / section
Withdrawal and closure
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Payout / redemptionInterest payment option is selected at deposit opening; receipt bears PAN and depositor details.View source
Interest payment option is selected at deposit opening; receipt bears and depositor details.
Source
PNB Tax Shield Fixed Deposit Scheme
Page / section
Interest and payout
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Account typeTax-saving fixed depositView source
Tax-saving fixed deposit
Source
PNB Tax Shield Fixed Deposit Scheme
Page / section
Product heading
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
EligibilityEligible depositors complying with the scheme and KYC/PAN requirements; joint holding and tax treatment follow the scheme rules.View source
Eligible depositors complying with the scheme and / requirements; joint holding and tax treatment follow the scheme rules.
Source
PNB Tax Shield Fixed Deposit Scheme
Page / section
Eligibility
Accessed
30 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Tax-saving deposit with five-year lock-in
  • No loan or pledge as collateral; no advance under the scheme
  • Senior citizen and staff interest additions subject to PNB rules

Eligibility

  • Eligible depositors complying with the scheme and / requirements; joint holding and tax treatment follow the scheme rules.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • PNB deposit application, / and scheme-specific documents

Related official documents

PNB Interest Rates — Depositofficial-rate-table · current · accessed 30 Aug 2026
↗
PNB Tax Shield Fixed Deposit Schemeofficial-product-page · current · accessed 30 Aug 2026
↗

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Deposit maturity estimate

See how much the deposit may be worth at the end. You can change the bank's published rate to test another case.

Money at maturity₹1,35,351one lakh thirty-five thousand three hundred fifty-one rupees
Money you put in₹1,00,000one lakh rupees
Interest earned₹35,351thirty-five thousand three hundred fifty-one rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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PNB Ordinary Term Deposit Scheme · EligibilityIndividuals singly or jointly, minors aged 10+, firms, companies, , associations, government bodies and illiterate/blind customers.

This value is copied from PNB deposit products — published terms. Check the table notes before relying on it.

Source: PNB Interest Rates — Deposit and product pages · Current deposit-rate tables and linked scheme pages Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 3 rows · 6 columnsPNB deposit products — published termsDeposit amount, tenure, rates and withdrawal terms from current PNB pages and rate table.View tableHide table

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PNB deposit products — published terms
ProductEligibilityDeposit amountTenureRateWithdrawal / payout
PNB Ordinary Term Deposit SchemeIndividuals singly or jointly, minors aged 10+, firms, companies, , associations, government bodies and illiterate/blind customers.Minimum ₹100 and thereafter in ₹1 multiples; maximum ₹2,99,99,999.7 days to 179 days.Card rate under PNB guidelines; current published rate table is linked and varies by tenor and customer category. Senior-citizen rates vary by tenor in PNB's current rate table.Premature withdrawal follows PNB general term-deposit rules; the reviewed scheme page does not state a numeric penalty. Interest at card rate; payout option is governed by the selected term-deposit instruction.
PNB Tax Shield Fixed Deposit SchemeEligible depositors complying with the scheme and / requirements; joint holding and tax treatment follow the scheme rules.Minimum ₹100 and multiples thereof; maximum ₹1,50,000 per financial year.Five-year lock-in; premature/part withdrawal before five years is not allowed except on depositor death under rules.6.10% p.a. public rate for the five-year slab (revised 01.02.2026). 6.60% p.a. for senior citizens; staff and retired staff additions are governed by PNB rules.Premature cancellation/part withdrawal before the five-year lock-in is not allowed; death exception applies under rules. Interest payment option is selected at deposit opening; receipt bears and depositor details.
PNB Growth Fixed Deposit SchemeIndividuals, minors aged 10+, firms, companies, , associations, trusts, institutions, municipalities and government bodies.Single deposit minimum ₹3,00,00,000 and maximum ₹10,00,00,000, in ₹1 multiples.Maturity option 7–120 months; income option 6–120 months.Card rate under PNB guidelines; current large-value rate schedule is linked. Additional senior-citizen rates are not applicable to deposits of ₹3 crore and above under the current rate table.Part withdrawal is allowed under maturity option in ₹1,00,000 multiples while maintaining a ₹2 crore core; withdrawn amount earns the lower applicable rate minus 1%. Maturity option compounds quarterly and pays at maturity; income option pays periodically.
PNB Interest Rates — Deposit and product pages · Current deposit-rate tables and linked scheme pages · accessed 30 Aug 2026Open official source ↗

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PNB Ordinary Term Deposit Scheme

A callable term deposit open to individuals, entities and institutions from ₹100 to ₹2,99,99,999 for 7–179 days, with demand-loan/overdraft availability from ₹10,000.

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