Punjab National Bank, which ranks as India's second largest public sector bank by customer base after State Bank of India, offers fixed deposit products spanning tenures from a minimum of 7 days up to a maximum of 10 years. Overall interest rates across various maturities at the bank range from 3.00 percent to 7.40 percent per annum. For depositors seeking short term financial options, the 91-day fixed deposit tenure presents a structured return schedule that varies according to the age category of the account holder.
Yield Breakdown for 91-Day Fixed Deposits
For fixed deposits maturing in 91 days, Punjab National Bank has structured its interest rates to cater to regular depositors as well as elderly account holders. These published yield slabs apply specifically to retail deposits valued below 3 crore rupees.
- General Depositors (Up to 59 Years): Account holders aged up to 59 years receive an annual interest rate of 4.90 percent on a 91-day deposit.
- Senior Citizens (60 Years and Above): Individuals aged 60 years or older are eligible for an interest rate of 5.40 percent for the same tenure.
- Super Senior Citizens (80 Years and Above): Depositors aged 80 years and above earn the highest yield in this bracket at 5.70 percent per annum.
Senior Citizen Benefits and Deposit Rules
Punjab National Bank provides preferential interest rates for older depositors across its fixed deposit portfolio. Senior citizens aged 60 and above earn an additional premium of 0.50 percent over the standard rates offered to general depositors. Furthermore, super senior citizens aged 80 and above receive an extra 0.30 percent interest over and above the senior citizen rate, resulting in a total premium of 0.80 percent over general customer rates. Interest rate structures and margins for super senior citizens vary across different commercial banks in India.
Depositors can initiate fixed deposit accounts at Punjab National Bank for durations starting at just 7 days, extending up to long-term commitments of 10 years, providing flexibility for varying investment horizons and cash flow requirements.
Revision Timeline and RBI Monetary Policy Background
The current fixed deposit interest rates offered by Punjab National Bank reflect the adjustments implemented during its last interest rate revision on June 1, 2026. Deposit rates at major state-run lenders remain closely tied to the benchmark policy settings established by the central bank.
On August 5, 2026, the Reserve Bank of India announced its decision to maintain the benchmark repo rate unchanged for the fourth consecutive monetary policy review. The repo rate currently stands at 5.25 percent following a 0.25 percent rate reduction executed by the central bank in December 2025. With the central bank maintaining a steady monetary policy stance since late 2025, commercial banks have kept their interest rate structures relatively stable for retail fixed deposit investors.
