Punjab National Bank, one of the country's prominent public sector lenders, provides a wide interest rate spectrum ranging from 3.00 percent to 7.40 percent across various term deposit plans. For depositors seeking a balanced horizon between short-term liquidity and long-term capital preservation, the 665-day deposit tenure has emerged as an appealing structured avenue. Under this specific duration, the lender has calibrated distinct yield brackets based on investor age categories, ensuring predictable growth on savings while safeguarding capital.
Overview of Tenures and Deposit Parameters
Account holders can structure their term deposits across an expansive timeframe starting from a minimum duration of 7 days up to a maximum ceiling of 10 years. This wide bracket accommodates both immediate reserve parking and extended wealth-building requirements. Within the 665-day placement bucket, the bank offers interest yields starting at 6.30 percent and reaching up to 7.10 percent annually, based on age eligibility. All these structured payout parameters strictly govern domestic deposits aggregating below the value of 3 crore rupees.
Payout Structure Across Age Brackets for 665 Days
General category customers aged up to 59 years receive an annual interest yield of 6.30 percent on their 665-day deposits. For senior citizens who have attained 60 years of age or older, the rate is elevated to 6.80 percent per annum. Furthermore, depositors in the super senior bracket aged 80 years and above are granted the highest return of 7.10 percent on the exact same tenure. This structured tiering ensures that older savers gain incremental cash flows from their locked funds without exposing their capital to market volatility.
Incremental Return Margins for Senior Depositors
The lending institution maintains dedicated premium margins above standard card rates to aid retired and elderly individuals with steady earnings. Senior citizens aged 60 and above receive an extra margin of 0.50 percent interest compared to general depositors across term schemes. Super senior citizens receive an additional 0.30 percent on top of the senior citizen rate, translating to an effective 0.80 percent enhancement over standard regular rates. The bank implemented its most recent revision across these fixed deposit interest slabs on June 1, 2026.
