The PNB FD Scheme 2025 is drawing significant attention from investors, especially with its latest offering of a 24-month fixed deposit (FD). As the need for safe and reliable investment options grows, PNB (Punjab National Bank) has come forward with an attractive FD scheme that promises high returns with a fixed tenure of just two years. This scheme is particularly appealing for investors looking to park their money safely while earning a good return on their deposits.
What is the PNB FD Scheme 2025?
The PNB FD Scheme 2025 is a new fixed deposit offering by Punjab National Bank designed to provide attractive interest returns over a 24-month period. Fixed deposits have always been a popular investment choice due to their safety and predictability. With this new scheme, PNB aims to provide its customers with a solid investment option where they can secure their capital while earning higher interest compared to regular savings accounts.
Unlike other investment options, an FD is a low-risk instrument, making it a suitable choice for conservative investors, especially those looking for a safe and steady income source.
Key Features of PNB FD Scheme 2025
Before diving deeper into how depositing ₹2 lakh in the PNB FD Scheme can fetch you high returns, let’s take a look at the key features that make this scheme attractive:
- Tenure: The FD is set at a 24-month duration, which provides a fixed income over two years.
- Interest Rate: The interest rates for the scheme range from 6.75% to 7.5% per annum, depending on the type of deposit and whether you are a senior citizen or not.
- Investment Amount: You can start investing in the PNB FD Scheme with as little as ₹1,000. However, for maximum returns, the ₹2 lakh deposit will be examined.
- Interest Payment Frequency: Interest is paid either quarterly or on maturity, based on your preference.
- Safety: Being a government-owned bank, PNB ensures the safety of your principal amount with up to ₹5 lakh insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC).
- Premature Withdrawal: Early withdrawal is allowed, but it comes with a penalty, which is generally 1% lower than the original interest rate.
How Much Will ₹2 Lakh Fetch You in Returns?
One of the key questions many investors ask is, how much can they expect to earn from a ₹2 lakh investment in the PNB FD Scheme 2025? Let’s break this down:
Interest Rate for ₹2 Lakh FD Investment
- For regular citizens, the interest rate on the PNB FD Scheme 2025 for a 24-month tenure is 6.75% per annum.
- For senior citizens, the rate is slightly higher at 7.5% per annum.
Quarterly Interest Calculation:
Assuming you are investing ₹2 lakh in the PNB FD Scheme, here’s the approximate interest payout based on the rates for regular and senior citizen accounts:
- Interest for Regular Citizens:
- Quarterly Interest: ₹2,00,000 × (6.75% ÷ 4) = ₹3,375 per quarter
- Annual Interest: ₹3,375 × 4 = ₹13,500
- Total Interest for 2 Years: ₹13,500 × 2 = ₹27,000
- Interest for Senior Citizens:
- Quarterly Interest: ₹2,00,000 × (7.5% ÷ 4) = ₹3,750 per quarter
- Annual Interest: ₹3,750 × 4 = ₹15,000
- Total Interest for 2 Years: ₹15,000 × 2 = ₹30,000
What You Earn Monthly from ₹2 Lakh Investment
- For Regular Citizens: ₹27,000 in 2 years equals approximately ₹1,125 per month in interest payouts.
- For Senior Citizens: ₹30,000 in 2 years equals approximately ₹1,250 per month in interest payouts.
It’s important to note that the interest is paid quarterly, so you’ll receive ₹3,375 every 3 months (for regular citizens) or ₹3,750 (for senior citizens).
Benefits of the PNB FD Scheme 2025
The PNB FD Scheme 2025 comes with several benefits that make it an attractive investment option for people looking for low-risk and stable returns:
- Guaranteed Returns: With the fixed interest rate and the government backing, the returns are guaranteed, making it a risk-free investment.
- Higher Interest Rates for Senior Citizens: Senior citizens can enjoy a higher interest rate, providing them with more income during retirement.
- Flexible Tenure: Although the scheme is set at 24 months, PNB also offers the option to extend the FD term, giving you flexibility in managing your investment.
- Loan Facility: You can avail of loans against your FD at competitive rates, should you require liquidity before maturity.
- Tax Benefits: The interest earned is taxable, but it can be offset through deductions under section 80C for investments in tax-saving FDs.
How to Invest in PNB FD Scheme 2025?
Investing in the PNB FD Scheme 2025 is a simple and hassle-free process. Here’s how you can go about it:
- Visit a PNB Branch or Online Portal: You can either visit the nearest PNB branch or log in to the official PNB net banking portal to initiate the process.
- Fill Out the Application Form: Complete the FD application form by providing details like your name, address, date of birth, PAN number, and bank account details.
- Deposit the Amount: You can deposit the amount through cash, cheques, or fund transfers (such as NEFT/RTGS) depending on the amount and mode of transaction.
- Choose Your Interest Payout Option: Select whether you want your interest paid out quarterly or on maturity.
- Submit the Form and Receive Receipt: After completing the formalities, you will receive an FD receipt confirming your investment.
Premature Withdrawal and Penalties
While the PNB FD Scheme 2025 is designed to lock in your funds for 2 years, premature withdrawal is allowed under specific conditions. However, it comes with a penalty:
- Penalty on Premature Withdrawal: If you withdraw your FD before the maturity date, you will incur a penalty of 1% lower interest than the promised rate. This means that if you invested at 7.5% but decide to withdraw early, you’ll earn 6.5% instead.
Frequently Asked Questions (FAQs)
Q1: What is the interest rate for the PNB FD Scheme 2025?
The PNB FD Scheme 2025 offers an interest rate of 6.75% per annum for regular citizens and 7.5% for senior citizens.
Q2: How much can I invest in the PNB FD Scheme 2025?
You can invest a minimum of ₹1,000 and up to a maximum of ₹2 crore (for individual accounts) in the scheme.
Q3: How is the interest paid in the PNB FD Scheme 2025?
Interest is paid quarterly or on maturity, depending on your choice when you open the FD.
Q4: Can I withdraw my FD before the maturity period?
Yes, premature withdrawals are allowed, but they attract a penalty of 1% on the applicable interest rate.
Q5: Are senior citizens eligible for higher interest rates on PNB FDs?
Yes, senior citizens are eligible for a higher interest rate of 7.5% per annum.
Conclusion: Is the PNB FD Scheme 2025 Worth It?
The PNB FD Scheme 2025 offers an attractive opportunity for both regular and senior citizens looking to invest their savings in a secure and stable manner. While the returns from a ₹2 lakh investment may not lead to an extremely high monthly income, the scheme provides a reliable source of quarterly interest payments that can add to your financial security. The 7.5% interest rate for senior citizens makes this FD an even more lucrative option, especially for those looking to supplement their income during retirement.