Federal offers up to 6.70% p.a. · PNB up to 6.70% p.a. · Side-by-side across all tenures, general & senior citizen rates.
Highlighted cells show the higher rate for each tenure. Dataset refreshed 1 Oct 2026.
| Tenure | Federal | PNB | ||
|---|---|---|---|---|
| General | Senior | General | Senior | |
| 6 months | 5.50% | 6.00% | 5.85% | 6.20% |
| 1 year | 6.40% | 6.90% | 6.35% | 6.85% |
| 2 years | 6.50% | 7.00% | 6.40% | 6.90% |
| 3 years | 6.50% | 7.00% | 6.40% | 6.90% |
| 5 years | 6.40% | 6.90% | 6.45% | 6.95% |
Rates for retail deposits below ₹3 crore. Senior citizen rate typically +0.25–0.50% p.a. Green cells show the higher general rate for each tenure. Calculate your maturity amount →
Federal is a private sector bank; PNB is a public sector bank. Both are RBI-regulated with DICGC deposit insurance up to ₹5 lakh. Rates are currently similar between the two — branch access, digital banking experience, and existing account relationships may be the deciding factors.
This is informational only — always verify the current rate on the bank's official website and consult a financial adviser for personalised guidance.
Both banks offer a similar maximum FD rate of 6.70% p.a. (as of 1 Oct 2026). See the tenure table above for per-tenure differences.
Federal Bank offers 6.40% p.a. for general depositors on 1-year FDs, and 6.90% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on Federal Bank's official website before investing.
Punjab National Bank offers 6.35% p.a. for general depositors on 1-year FDs, and 6.85% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on Punjab National Bank's official website before investing.
Yes. Both Federal Bank and Punjab National Bank are regulated by the Reserve Bank of India (RBI). Deposits at both banks are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5,00,000 per depositor per bank, covering principal and interest combined. Amounts above ₹5 lakh are not covered by deposit insurance.
Yes, both banks offer additional interest for senior citizens (aged 60 and above), typically 0.25%–0.50% p.a. above the general rate. Federal Bank's 1-year senior rate: 6.90% p.a. Punjab National Bank's 1-year senior rate: 6.85% p.a.
The highest rate between the two is 6.70% p.a. from Federal Bank for the 48 months tenure (general public, retail deposits below ₹3 crore, as of 1 Oct 2026).
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