Rates verified from official source

Punjab National Bank interest rates · November 2026

Top FD rate
6.80%
680 days
Senior citizen FD
7.30%
680 days
Top RD rate
6.80%
680 days
Savings rate
4.25%
Above ₹2,000 crore
Top NRE FD rate
6.80%
680 Days
Top FCNR(B) rate
5.00%
USD · 1 yr

PNB FD rates

1 year6.25%Senior 6.75%3 years6.30%Senior 6.80%5 years6.35%Senior 6.85%
All tenures, calculator and comparison →

What will my FD earn at PNB?

Estimated value after 1 year · before tax ₹5,31,990 6.25% p.a. · ₹31,990 interest · quarterly compounding
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Plan your recurring deposit at PNB

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Before opening an RD

Estimates assume on-time monthly installments and quarterly compounding. Confirm the term, minimum installment, late payment rules, and early closure terms with the bank.

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Overview

Punjab National Bank (PNB) is a nationalised public sector bank, headquartered in New Delhi, established in 1894. Its headline 1-year FD rate of 6.25% is in line with the public sector average of 6.26%, ranking #739 of 1033 banks on RateScan.in.

Headquarters
New Delhi
Established
1894
Branches
~10,000 approx.
ATMs
~12,000 approx.
Total business
~₹24 lakh crore approx.
Monitored since
18 Sept 2026
Ownership
Government of India (majority stakeholder)
Operates in
All India (nationwide)

Figures marked “approx.” are rounded public estimates as of 2024.

Financial health
CRAR
14.84%
Capital adequacy
Net NPA
0.41%
Bad loans (net)
Credit rating India Ratings, ICRA
AAA
Rating details ↓

Health indicators sourced from official 2025 disclosures. CRAR ≥ 16% = strong · Net NPA < 1% = healthy · Verify before investing.

Rates as of 5 Nov 2026, verified from official source. Majority Government-of-India owned: deposits insured by DICGC up to ₹5,00,000.

RBI record

Every RBI press release since 1 Jan 2024 that names Punjab National 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.

  1. RBI fined the bank ₹29.60 lakh

    RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Customer Service in Banks’”

    What RBI found

    “The bank levied penal charges for non-maintenance of minimum balance in inoperative accounts.”

    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.”

    RBI press release 2025-2026/135

  2. RBI fined the bank ₹1,31,80,000

    RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’, and ‘Reserve Bank of India (Know Your Customer (KYC) Direction, 2016’”

    What RBI found

    “The bank (i) sanctioned working capital demand loans to two State Government owned Corporations against amounts receivable from Government by way of subsidies/ refunds/ reimbursements, and (ii) failed to preserve the records pertaining to the identification of customers and their addresses obtained during the course of business relationship in certain accounts.”

    RBI says: “The action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transactions or agreement entered into by the bank with its customers.”

    RBI press release 2024-2025/642

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

12,446 branches in 597 districts

Most branches: Delhi 450, Kolkata 310, Mumbai 178

From RBI's IFSC directory (updated 1 Nov 2026). Counts can include recently merged or closed branches; check the bank's branch locator before visiting.

PNB Fixed Deposit rate changes

Changes to PNB's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 18 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.

9 Nov 2026
▼ 25 cut▲ 14 raised−0.05 to +0.40 pp
  • above 3 years to 1203 days · ₹3 crore to ₹10 crore · General5.35% → 5.75% 0.40 pp
  • above 3 years to 1203 days · ₹3 crore to ₹10 crore · General5.40% → 5.80% 0.40 pp
  • 1204 days · ₹3 crore to ₹10 crore · General5.30% → 5.70% 0.40 pp
Show all 39 changesShow fewer
  • 1204 days · ₹3 crore to ₹10 crore · General5.35% → 5.75% 0.40 pp
  • 1205 days to 5 years · ₹3 crore to ₹10 crore · General5.35% → 5.75% 0.40 pp
  • 1205 days to 5 years · ₹3 crore to ₹10 crore · General5.40% → 5.80% 0.40 pp
  • 444 days · Below ₹3 crore · General6.60% → 6.70% 0.10 pp
  • 444 days · ₹3 crore to ₹10 crore · General6.60% → 6.70% 0.10 pp
  • 444 days · Above ₹1 crore to below ₹3 crore (non-callable) · General6.70% → 6.80% 0.10 pp
  • 444 days · ₹3 crore to ₹10 crore · General6.65% → 6.75% 0.10 pp
  • 444 days · Senior7.10% → 7.20% 0.10 pp
  • 444 days · Senior · Above ₹1 crore to below ₹3 crore (non-callable)7.20% → 7.30% 0.10 pp
  • above 5 to 10 years · Senior6.80% → 6.75% 0.05 pp
  • above 5 to 10 years · Senior · Above ₹1 crore to below ₹3 crore (non-callable)6.90% → 6.85% 0.05 pp
  • above 3 years to 1203 days · Super senior7.15% → 7.10% 0.05 pp
  • above 3 years to 1203 days · Super senior · Above ₹1 crore to below ₹3 crore (non-callable)7.25% → 7.20% 0.05 pp
  • 1204 days · Super senior7.10% → 7.05% 0.05 pp
  • 1204 days · Super senior · Above ₹1 crore to below ₹3 crore (non-callable)7.20% → 7.15% 0.05 pp
  • 1205 days to 5 years · Super senior7.15% → 7.10% 0.05 pp
  • 1205 days to 5 years · Super senior · Above ₹1 crore to below ₹3 crore (non-callable)7.25% → 7.20% 0.05 pp
  • 15 to 45 days · Super senior3.80% → 3.75% 0.05 pp
  • 180 to 270 days · Super senior6.80% → 6.75% 0.05 pp
  • 180 to 270 days · Super senior · Above ₹1 crore to below ₹3 crore (non-callable)6.90% → 6.85% 0.05 pp
  • above 5 to 10 years · Super senior6.80% → 6.75% 0.05 pp
  • above 5 to 10 years · Super senior · Above ₹1 crore to below ₹3 crore (non-callable)6.90% → 6.85% 0.05 pp
  • 271 to 302 days · Super senior6.80% → 6.75% 0.05 pp
  • 271 to 302 days · Super senior · Above ₹1 crore to below ₹3 crore (non-callable)6.90% → 6.85% 0.05 pp
  • 303 days · Super senior6.75% → 6.70% 0.05 pp
  • 303 days · Super senior · Above ₹1 crore to below ₹3 crore (non-callable)6.85% → 6.80% 0.05 pp
  • 304 days to less than 1 year · Super senior6.80% → 6.75% 0.05 pp
  • 304 days to less than 1 year · Super senior · Above ₹1 crore to below ₹3 crore (non-callable)6.90% → 6.85% 0.05 pp
  • 1 year · Super senior7.05% → 7.00% 0.05 pp
  • 1 year · Super senior · Above ₹1 crore to below ₹3 crore (non-callable)7.15% → 7.10% 0.05 pp
  • 444 days · Super senior7.40% → 7.45% 0.05 pp
  • 444 days · Super senior · Above ₹1 crore to below ₹3 crore (non-callable)7.50% → 7.55% 0.05 pp
  • 46 to 90 days · Super senior6.30% → 6.25% 0.05 pp
  • 7 to 14 days · Super senior3.80% → 3.75% 0.05 pp
  • above 2 to 3 years · Super senior7.10% → 7.05% 0.05 pp
  • above 2 to 3 years · Super senior · Above ₹1 crore to below ₹3 crore (non-callable)7.20% → 7.15% 0.05 pp
Bank's rate page ↗
1 Nov 2026
▲ 45 raised+0.20 to +1.00 pp
  • 46 to 90 days · Below ₹3 crore · General4.50% → 5.50% 1.00 pp
  • 46 to 90 days · Senior5.00% → 6.00% 1.00 pp
  • 46 to 90 days · Super senior5.30% → 6.30% 1.00 pp
Show all 45 changesShow fewer
  • 156–179 days · General4.90% → 5.75% 0.85 pp
  • 156–179 days · General5.00% → 5.85% 0.85 pp
  • 91–154 days · General4.90% → 5.75% 0.85 pp
  • 91–154 days · General5.00% → 5.85% 0.85 pp
  • 156–179 days · Senior5.40% → 6.25% 0.85 pp
  • 156–179 days · Senior5.50% → 6.35% 0.85 pp
  • 91–154 days · Senior5.40% → 6.25% 0.85 pp
  • 91–154 days · Senior5.50% → 6.35% 0.85 pp
  • 156–179 days · Super senior5.70% → 6.55% 0.85 pp
  • 156–179 days · Super senior5.80% → 6.65% 0.85 pp
  • 91–154 days · Super senior5.70% → 6.55% 0.85 pp
  • 91–154 days · Super senior5.80% → 6.65% 0.85 pp
  • 180 to 270 days · Below ₹3 crore · General5.60% → 6.00% 0.40 pp
  • 180 to 270 days · Above ₹1 crore to below ₹3 crore (non-callable) · General5.70% → 6.10% 0.40 pp
  • 271 to 302 days · Below ₹3 crore · General5.60% → 6.00% 0.40 pp
  • 271 to 302 days · Above ₹1 crore to below ₹3 crore (non-callable) · General5.70% → 6.10% 0.40 pp
  • 303 days · Below ₹3 crore · General5.55% → 5.95% 0.40 pp
  • 303 days · Above ₹1 crore to below ₹3 crore (non-callable) · General5.65% → 6.05% 0.40 pp
  • 304 days to less than 1 year · Below ₹3 crore · General5.60% → 6.00% 0.40 pp
  • 304 days to less than 1 year · Above ₹1 crore to below ₹3 crore (non-callable) · General5.70% → 6.10% 0.40 pp
  • 180 to 270 days · Senior6.10% → 6.50% 0.40 pp
  • 180 to 270 days · Senior · Above ₹1 crore to below ₹3 crore (non-callable)6.20% → 6.60% 0.40 pp
  • 271 to 302 days · Senior6.10% → 6.50% 0.40 pp
  • 271 to 302 days · Senior · Above ₹1 crore to below ₹3 crore (non-callable)6.20% → 6.60% 0.40 pp
  • 303 days · Senior6.05% → 6.45% 0.40 pp
  • 303 days · Senior · Above ₹1 crore to below ₹3 crore (non-callable)6.15% → 6.55% 0.40 pp
  • 304 days to less than 1 year · Senior6.10% → 6.50% 0.40 pp
  • 304 days to less than 1 year · Senior · Above ₹1 crore to below ₹3 crore (non-callable)6.20% → 6.60% 0.40 pp
  • 180 to 270 days · Super senior6.40% → 6.80% 0.40 pp
  • 180 to 270 days · Super senior · Above ₹1 crore to below ₹3 crore (non-callable)6.50% → 6.90% 0.40 pp
  • 271 to 302 days · Super senior6.40% → 6.80% 0.40 pp
  • 271 to 302 days · Super senior · Above ₹1 crore to below ₹3 crore (non-callable)6.50% → 6.90% 0.40 pp
  • 303 days · Super senior6.35% → 6.75% 0.40 pp
  • 303 days · Super senior · Above ₹1 crore to below ₹3 crore (non-callable)6.45% → 6.85% 0.40 pp
  • 304 days to less than 1 year · Super senior6.40% → 6.80% 0.40 pp
  • 304 days to less than 1 year · Super senior · Above ₹1 crore to below ₹3 crore (non-callable)6.50% → 6.90% 0.40 pp
  • 155 days · General5.55% → 5.75% 0.20 pp
  • 155 days · General5.65% → 5.85% 0.20 pp
  • 155 days · Senior6.05% → 6.25% 0.20 pp
  • 155 days · Senior6.15% → 6.35% 0.20 pp
  • 155 days · Super senior6.35% → 6.55% 0.20 pp
  • 155 days · Super senior6.45% → 6.65% 0.20 pp
Bank's rate page ↗

See all PNB rate changes →

Compare PNB with other banks

See PNB FD rates side by side against India's top banks.

PNB vs SBIPNB vs BoBPNB vs CanaraPNB vs UnionPNB vs BOIPNB vs HDFCPNB vs ICICIPNB vs AxisPNB vs KotakPNB vs IndusIndPNB vs YesPNB vs IDFC FirstPNB vs FederalPNB vs BandhanPNB vs RBLPNB vs AUPNB vs EquitasPNB vs Ujjivan

Credit rating

What independent credit rating agencies say about Punjab National Bank. Every rating links to the document it comes from, so you can check it yourself.

AAA
Headline rating
Fixed deposits · India Ratings, ICRA
Highest safety: lowest credit risk
Latest rating action: 11 Dec 2025
AgencyInstrument RatingOutlook PublishedSource
India Ratings Fixed deposits
Fixed Deposit programme, as listed by PNB (outstanding as on 5 Feb 2026)
 AAA – Listed by bank
11 Dec 2025
 Bank's page
ICRA Fixed deposits
Fixed Deposit programme, as listed by PNB
 AAA – Listed by bank
5 Dec 2025
 Bank's page
CRISIL Basel III Tier II bonds
Basel III Tier II series, as listed by PNB
 AAA – Listed by bank
12 Dec 2025
 Bank's page
India Ratings Basel III Tier II bonds AAA – Listed by bank
11 Dec 2025
 Bank's page
CARE Basel III Tier II bonds AAA – Listed by bank
8 Dec 2025
 Bank's page
CRISIL Basel III Tier I (AT1) bonds AA+ – Listed by bank
12 Dec 2025
 Bank's page
India Ratings Basel III Tier I (AT1) bonds AA+ – Listed by bank
11 Dec 2025
 Bank's page
CARE Basel III Tier I (AT1) bonds AA+ – Listed by bank
8 Dec 2025
 Bank's page
ICRA Basel III Tier I (AT1) bonds AA+ – Listed by bank
5 Dec 2025
 Bank's page

Note: Dates are the agencies' latest rationale dates that PNB lists against its AT-1 series; the page does not date each series separately.

How to read these ratings
  • Scale: AAA is the highest long-term grade (lowest credit risk), then AA (very low risk), A (low risk) and BBB (moderate risk, the lowest investment grade). A + or − moves a grade up or down a notch. Short-term ratings such as A1+ cover obligations of up to a year.
  • Outlook: Stable, Positive or Negative is the agency's view of where the rating is likely to go over the next one to two years. Rating watch means the agency is reviewing the rating after a specific event, such as a change of owner.
  • Instrument: a rating belongs to a specific instrument, not to the whole bank. Tier I (AT1) and Tier II bonds can be written down if the RBI declares a bank non-viable, so they are usually rated no higher than the bank's deposits.
  • Headline grade: we use the rating on fixed deposits where an agency gives one; otherwise the issuer or Tier II rating. We take each agency's latest rating and show the lowest, so the headline is never more generous than any agency's latest view.
  • A rating is an opinion about the ability to repay on time. It is not a guarantee or a recommendation. Whatever the rating, deposits in a bank are insured by DICGC up to ₹5 lakh per depositor per bank (principal and interest together).

Sources: we list a rating only when we can point to the document that states it: the agency's own rating rationale, the bank's Regulation 30 filing on the NSE or BSE, a rating letter, or the bank's own rating page. A weekly automated check re-opens each linked document to confirm it still shows the grade and scans stock-exchange announcements for new rating filings. Last checked: 9 Nov 2026.

Check it yourself: CRISIL · ICRA · CARE · India Ratings · Infomerics · PNB Bank Ratings page

Ratings change. Confirm the current rating with the agency before you invest. This is information, not investment advice.

Good to know

  • Deposits with Punjab National 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.
  • PNB is a public sector bank, majority owned by the Government of India. Deposit insurance is still the DICGC cover above.
  • Senior citizens (60+) earn up to 0.75% p.a. more than general customers at PNB, depending on the tenure.
  • PNB's FD table includes 2 special schemes; check eligibility and end dates.
official Effective 5 Nov 2026 · Ingested 18 Oct 2026 · Verified 13 Nov 2026 · View source

Informational only. Always confirm the current rate on the official PNB 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.