IDFC First vs PNB FD Rates October 2026

IDFC First offers up to 7.10% p.a. · PNB up to 6.70% p.a. · Side-by-side across all tenures, general & senior citizen rates.

FD Rate Comparison — All Tenures

Highlighted cells show the higher rate for each tenure. Dataset refreshed 1 Oct 2026.

1-year FD winner IDFC First 6.50% vs 6.35%
Savings account PNB
Tenure IDFC First PNB
GeneralSenior GeneralSenior
6 months 6.50% 6.75% 5.85% 6.20%
1 year 6.50% 6.75% 6.35% 6.85%
2 years 7.10% 7.35% 6.40% 6.90%
3 years 7.10% 7.35% 6.40% 6.90%
5 years 6.75% 7.00% 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 →

Savings Account Rates

IDFC First
—
vs
PNB
4.25% p.a.

Which bank should you choose?

IDFC First is a private sector bank; PNB is a public sector bank. Both are RBI-regulated with DICGC deposit insurance up to ₹5 lakh. IDFC First holds a slim rate advantage right now. For most depositors the difference is modest; branch proximity and existing banking relationships are equally worth weighing.

This is informational only — always verify the current rate on the bank's official website and consult a financial adviser for personalised guidance.

About These Banks

IDFC First Bank

Type
Private Sector Bank
HQ
Mumbai
Est.
2015
Best FD rate
7.10% p.a.
DICGC insured
Yes (up to ₹5 lakh)
Full profile
IDFC First deposit rates →

Punjab National Bank

Type
Public Sector Bank
HQ
New Delhi
Est.
1894
Best FD rate
6.70% p.a.
DICGC insured
Yes (up to ₹5 lakh)
Full profile
PNB deposit rates →

Frequently Asked Questions

Which bank gives a higher FD interest rate — IDFC First Bank or Punjab National Bank?

IDFC First Bank currently offers a higher maximum FD rate of 7.10% p.a., compared to 6.70% p.a. from Punjab National Bank (as of 1 Oct 2026).

What is IDFC First Bank's current 1-year FD interest rate?

IDFC First Bank offers 6.50% p.a. for general depositors on 1-year FDs, and 6.75% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on IDFC First Bank's official website before investing.

What is Punjab National Bank's current 1-year FD interest rate?

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.

Are fixed deposits with IDFC First Bank and Punjab National Bank safe?

Yes. Both IDFC First 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.

Do IDFC First Bank and Punjab National Bank offer higher FD rates for senior citizens?

Yes, both banks offer additional interest for senior citizens (aged 60 and above), typically 0.25%–0.50% p.a. above the general rate. IDFC First Bank's 1-year senior rate: 6.75% p.a. Punjab National Bank's 1-year senior rate: 6.85% p.a.

What is the highest FD rate available between IDFC First Bank and Punjab National Bank?

The highest rate between the two is 7.10% p.a. from IDFC First Bank for the 500 days – 3 years tenure (general public, retail deposits below ₹3 crore, as of 1 Oct 2026).