Punjab National Bank latest savings bank, Fixed Deposit, Recurring deposit and housing loan interest rate

Deposit Interest Rates

Domestic & NRI Saving Account Interest Rates : (W.E.F. 1st September 2020)

Rate Of Interest
Savings Fund Account Balance upto Rs. 50 Lac 3.00% p.a.
Savings Fund Account Balance of above Rs. 50 Lac 3.00% p.a.

Rate Of Interest On Single Domestic / NRO / NRE Term Deposits (TD) Up To Rs.10 Cr. (Callable)

Domestic/NRO $ TD Less Than Rs.2 Cr.
W.E.F. 01.07.2020
Domestic/NRO $ TD Rs. 2 Cr To Rs. 10 Cr.#
W.E.F. 01.09.2020
NRE TD $ Less Than Rs.2 Cr.
W.E.F. 01.07.2020
NRE TD $ Rs.2 Cr. To Rs. 10 Cr.
W.E.F. 01.09.2020
PNB Tax Saver FD
Sl. No Period ROI (% p.a.) A.Y.* For Senior Citizen ROI (% p.a.)** ROI (% p.a.) A.Y.* ROI (% p.a.) ROI (% p.a.) ROI (% p.a.)
1 7 to 14 days 3.00 3.00 3.75 3.00 3.00 NA NA NA
2 15 to 29days 3.00 3.00 3.75 3.00 3.00 NA NA NA
3 30 to 45 days 3.00 3.00 3.75 3.00 3.00 NA NA NA
4 46 to 90 days 3.25 3.25 4.00 3.00 3.00 NA NA NA
5 91 to 179 days 4.00 4.00 4.75 3.00 3.00 NA NA NA
6 180 days to 270 Days 4.40 4.42 5.15 3.10 3.11 NA NA NA
7 271 days to less than 1 year 4.50 4.55 5.25 3.10 3.12 NA NA NA
8 1 year 5.25 5.35 6.00 3.10 3.14 5.25 3.10 NA
9 above 1 year & upto 2 years 5.25 5.35 6.00 3.00 3.03 5.25 3.00 NA
10 above 2 year & upto 3 years 5.25 5.50 6.00 3.00 3.08 5.25 3.00 Public (General)- 5.30 (for 5 years) 5.30 ( for above 5years to 10 years)

Sr. Citizen (General)- 5.80 (for 5 years) 5.80 ( for above 5years to 10 years)

Staff member- 6.30 (for 5 years) 6.30 ( for above 5years to 10 years)

Retired Staff (Sr. Citizen)- 6.30 (for 5 years) 6.30 ( for above 5years to 10 years)

11 above 3 year & upto 5 years 5.30 5.70 6.05 3.00 3.13 5.30 3.00
12 above 5 years & upto 10 years 5.30 6.02 6.05 3.00 3.22 5.30 3.00

“PNB UTTAM FIXED DEPOSIT SCHEME” (Non-Callable) @ With Effect From 01.09.2020 (For Deposit Above 15 Lakh)

Domestic TD More Than Rs 15 Lakh To Less Than Rs.2cr W.E.F. 01.07.2020 Domestic TD Rs.2 Cr. To Rs 10 Cr. W.E.F. 01.09.2020
Period ROI (% p.a.) A.Y.* ROI (% p.a.) A.Y.*
91 to 179 days 4.05 4.05 3.05 3.05
180 days to 270 Days 4.45 4.47 3.15 3.16
271 days to less than 1 year 4.55 4.60 3.15 3.17
1 year 5.30 5.41 3.15 3.19
above 1 year & upto 2 years 5.30 5.41 3.05 3.09
above 2 year & upto 3 years 5.30 5.55 3.05 3.13
above 3 year & upto 5 years 5.35 5.76 3.05 3.18
above 5 years & upto 10 years 5.35 6.09 3.05 3.28

Gold Monetization Scheme (GMS)

Period Rate of Interest PA
Short Term Bank Deposit (STBD)
1 year 0.50%
Above 1 year up to 2 years 0.60%
Above 2 years up to 3 years 0.75%
Medium and Long Term Government Deposit (MLTGD)
Medium Term Government Deposit 2.25%
Long Term Government Deposit 2.50%

BASE RATE (BR) – 9.25 % ( W.E.F 01.06.2018)

Housing Finance To Individuals Including NRIs / Flexible Housing Scheme @

S.No. Scheme
A. Under Floating Rate Option BR
B. Under Fixed Rate Option BR+0.50%
C. OD Facility to Existing Housing Loan Borrowers BR+0.50%

Loan Against Mortgage Of Immovable Property

Less Than 3 Yrs
BR+1.65% to BR+5.40% depending on Risk Rating /PNB Score

For Term Loans repayable in 3 years & above, Term premium of 0.50% shall be added.

Concession in Rate of interest will be given on the basis of realizable value of Immovable property offered as security as given hereunder

Available Realizable Value Of IP Concession In ROI Concession In ROI
Above 200% & upto 250% of loan amount 0.25%
Above 250% & upto 300% of loan amount 0.50%
Above 300% of loan amount 0.75%%

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Base Rate System
Parameter Repayment Period Interest Rate
a. floating rate of interest option:
To individuals/ corporate where PNB Score is 60 &above OR where collateral security is available upto 100% orabove in the form of Mortgage of Immovable Property (IP)&/or liquid security for PROSPECTIVE BORROWERS. Up to 7 years BR+0.25%
to women borrowers Up to 7 years BR+0.15%
others Less than 3 BR+0.50%
3 years & above BR+0.50%
fixed rate of interest option:
ALL Up to 7 years BR+0.40%, (Fixed with a reset clause of 3 years)*.

Two-Wheeler Loans (PNB SARTHI) @

Less Than 3 Yrs 3 Yrs & Above
Salary is being disbursed through the concerned branch and/or under check-off facility BR+3.00% BR+3.00%+TP
Other including Business concern BR+4.00% BR+4.00%+TP

Two-Wheeler Loan To Women (PNB Power Ride) BR+1.50%

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Rate Of Interest:

For Loans Up To Rs.10 Lac:

Individuals, whose salary is being disbursed through our branches only (including Defence Personnel)

Base Rate+3%

For Loans Up To Rs.5 Lac:

Individuals who are availing the loan under check-off facility (including Defence Personnel)

Base Rate +5%
For others up to Rs.5 lac Base Rate +6%

Education Loan

PNB Saraswati & Pnb Kaushal & Pnb Udaan

Amount Of Loan Rate Of Interest
Loans upto Rs 4 lac BR+2.00%
Loans over Rs 4 lac & upto Rs 7.50 lac BR+3.00%
Loans over Rs.7.50 lac (where 100% tangible collateral security in the shape of IP, enforceable under SARFAESI Act, and/or liquidsecurity is available) BR+1.00%*
Loans over Rs 7.50 lac Other cases BR+2.50%
Loan for pursuing education from premier foreign Universities and educational Institutes(201) under PNB UDAAN BR

*w.e.f. 01.06.2015, BR+1.00% ROI to be charged for all education loans,irrespective of amount, where 100% tangible collateral security in the shape of IP, enforceable under Sarfeasi act, and/or liquid security is available.

PNB Pratibha

Amount Of Loan
Loans up to Rs 20 lac BR

PNB Honhaar (Education Loan Scheme Delhi Government)

Loans up to Rs 10 lac BR+2%

Advance Against Jewellery & Ornaments

Productive Purposes for Agriculture UPTO Rs. 10 Lacs BR+1.50%
Productive Purposes (other than agriculture) BR+2.50%
Non-productive purposes Public (Ceiling Rs.10.00 lacs) BR+2.50%
Staff (Non-productive purposes) BR+2.50%

PNB BAGHBAN (Reverse Mortgage Scheme)

Reverse Mortgage Scheme for Senior Citizens BR+2.50%
(Fixed, subject to re-set clause of 05 years)

FIXED DEPOSITS INTEREST RATE

PNB Housing FD interest rates are summarized below:

Rate change is effective from 10.09.2020

Fixed Deposit Interest Rates (upto ₹5 crore)
Tenure (Months) Cumulative Option* ROI (p.a.) Non-Cumulative Option ROI  (p.a.)
  ROI (p.a.) Tentative yield to maturity Monthly Quarterly Half Yearly Annual
12 – 23 6.20% 6.20% 6.03% 6.06% 6.11% 6.20%
24 – 35 6.45% 6.66% 6.27% 6.30% 6.35% 6.45%
36 – 47 6.60% 7.05% 6.41% 6.44% 6.49% 6.60%
48 – 59 6.60% 7.28% 6.41% 6.44% 6.49% 6.60%
60 -71 6.70% 7.66% 6.50% 6.54% 6.59% 6.70%
72 – 84 6.70% 7.93% 6.50% 6.54% 6.59% 6.70%
120 6.70% 9.13% 6.50% 6.54% 6.59%6 6.70%

 

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