Fixed deposits continue to remain the preferred investment choice for everyday investors across the country when looking for secure investment options and guaranteed returns. As one of the premier public sector banks in the nation, Punjab National Bank offers attractive interest rates to its customers on fixed deposit schemes ranging from seven days up to a ten-year tenure. A notable aspect of these offerings is that the interest rates vary depending on the age bracket of the depositor, providing different benefits across demographics. Let us examine the exact returns being offered on a one-year fixed deposit for individuals below the age of sixty.
Interest Rate Offered on 1-Year FD for Regular Customers
For customers below the age of sixty years, the applicable interest rate on a one-year fixed deposit with Punjab National Bank stands at 6.25 percent per annum. This implies that if a regular customer deposits an amount of less than three crore rupees for a tenure of one year in a fixed deposit, the funds will accumulate interest at the rate of 6.25 percent. Meanwhile, senior citizens are entitled to a higher interest rate for the exact same duration, enhancing their overall earnings.
Highest Returns Extended to Super Senior Citizens Aged 80 and Above
Punjab National Bank provides an enhanced interest rate of 7.05 percent on a one-year fixed deposit to super senior citizens, defined as customers who are eighty years of age or older. Consequently, the financial returns generated from the fixed deposit increase progressively in alignment with the advancing age of the account holder, offering substantial support during retirement years.
Breakdown of PNB 1-Year Fixed Deposit Interest Rates
The structured interest rates applicable across different age categories for a one-year fixed deposit with the institution are clearly demarcated. For customers below sixty years of age, the rate is fixed at 6.25 percent. For individuals aged sixty years or older, the rate increases to 6.75 percent. Furthermore, for super senior citizens aged eighty years and above, the bank offers the peak rate of 7.05 percent.
Additional Benefits for Senior Citizens and Super Seniors
Punjab National Bank grants an additional 0.50 percentage point of interest on fixed deposits to senior citizens when compared against regular retail customers. In addition to this, super senior citizens receive an extra 0.30 percentage point over the senior citizen interest rate, rewarding older depositors with maximum compounding benefits on their savings.
Recent Revision in Bank Interest Rates
Punjab National Bank carried out its most recent revision regarding fixed deposit interest rates on June 1, 2026. At present, the banking institution provides interest rates ranging from 3.00 percent up to 7.40 percent across various maturity tenures, catering to diverse financial planning requirements of its customer base.
