18 Oct 2026
- 46 to 90 days · General4.75% → 4.50% 0.25 pp
- 46 to 90 days · Senior5.25% → 5.10% 0.15 pp
Rates verified from official source
Punjab Gramin Bank interest rates · November 2026
PGB FD rates
All tenures, calculator and comparison →What will my FD earn at PGB?
Estimated value after 1 year · before tax
₹5,32,252
6.30% p.a. · ₹32,252 interest · quarterly compounding
Overview
Punjab Gramin Bank (PGB) is a regional rural bank (RRB), headquartered in Kapurthala, established in 2019. Its headline 1-year FD rate of 6.30% is 0.17% below the regional rural bank average of 6.47%, ranking #729 of 1033 banks on RateScan.in.
Headquarters
Kapurthala
Established
2019
Monitored since
22 Sept 2026
Ownership
GoI 50%, Punjab National Bank 35%, Govt of Punjab 15%
Operates in
Punjab
Rates as of 22 Jul 2026, verified from official source. Regional rural bank, jointly owned by the Government of India, the state government and a sponsor bank: deposits insured by DICGC up to ₹5,00,000.
RBI record
Every RBI press release since 1 Jan 2024 that names Punjab Gramin Bank, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.
A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.
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RBI fined the bank ₹36.40 lakh
RBI's reason: “for contravention of provisions of Section 26A read with Section 51(1) of the Banking Regulation Act, 1949 (BR Act)”
What RBI found
“The bank had failed to transfer eligible unclaimed amounts to the Depositor Education and Awareness Fund within the prescribed time.”
RBI says: “This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”
This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.
Branches
Branches across Punjab
A regional rural bank serves its whole state. RBI's IFSC directory doesn't give a count for each district.
Head office from the bank's RBI registration.
PGB rates
Every rate, tenure by tenure, and what your money grows to.
Fixed Deposit6.80%Senior citizens 7.40% · 399 daysSee rates →NRE Fixed Deposit6.80%399 daysSee rates →
Compare PGB FD rates with banks near you →
PGB Fixed Deposit rate changes
Changes to PGB's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 22 Sept 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.
Good to know
- Deposits with Punjab Gramin Bank are insured by DICGC up to ₹5,00,000 per depositor per bank (principal and interest combined, across all its branches). Anything above that is not insured.
- PGB is a regional rural bank, jointly owned by the Government of India, a sponsor bank and a state government, and supervised by the RBI and NABARD.
- Senior citizens (60+) earn up to 0.60% p.a. more than general customers at PGB, depending on the tenure.
- PGB's FD table includes 3 special schemes; check eligibility and end dates.
Informational only. Always confirm the current rate on the official PGB website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.
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