Punjab National Bank (PNB) has launched a new fixed deposit scheme for 24 months for the year, with a view to wooing those investors who wish to inject their funds in bank-sured transactions for short or medium term, attempts to garner good business attention to this deposit with risk-free and assured returns.
About Investors of PNB 24-Month FD
This scheme accommodates a large investor base. The product is open for residents, seniors, joint account owners, and also HUFs. Both old and new customers of the parent Punjab National Bank are eligible to book deposits at their nearest PNB branch or through any digital banking channel.
Rates Offered for the Updated FDs
The bank leveraged its competitive interest rates to market the 24-month Fixed Deposit in 2026. Sr. citizens are given a somewhat higher rate of return against scheme payment, making it a better buy for pensioners and anyone else looking to live off interest.
How Much Is ₹2 Lakh Going to Make in 24 Months?
From the first month itself, an investment in this 2-year FD could appreciably increase due to the compound interest. So, the final maturity sum of the investor-whether she be a regular citizen or a senior citizen-depends on the investor’s holding till maturity.
- Type of Investor Deposit Interest Rate (Approx.) Maturity Amount (24 Months)
- Regular Citizens ₹2,00,000 7.25% ~₹2,30,000
- Senior Citizens ₹2,00,000 7.75% ~₹2,33,000
Please bear in mind that these figures are indicative only, with actuals varying slightly based on the frequency of compound interest and bank policy.
Why Is This FD Excellent for 2026?
In a time of uncertain and unsteady financial fluctuations, this FD offers assurance. The 24-month tenure fits nicely for investors who are not willing to lock away their capital for a long time and yet want to enjoy a higher return than that of saving accounts. This scheme also benefits from PNB’s strong government-linked credibility.
Premature Withdrawal and Penalties
The bank allows premature withdrawal with a small penalty on interest. This is good, as it gives some flexibility in cases of emergency, yet encourages the investor to stay invested till maturity for maximum growth.
Tax on Returns from FD
Interest earned from this FD is technically taxable. The tax will be applied at the rates determined according to the concern of the fields within which the investor falls. If the interest that was prescribed exceeds a certain limit, Tax Deducted at Source (TDS) will apply. Investors are entitled to submit relevant forms for managing TDS-Deduction.
Should You Invest in A PNB FD?
Protecting capital and meeting fixed expenses form the uppermost objectives of stepping into capital markets. This FD is ideal for conservative fellows, old-aged fellows looking to stabilize income, and persons with transparent short-term financial goals. This may not give any significant inflation-beating return, but definitely guarantees safety, stability, and peace.
Final Call
PNB’s 24-month FD for 2026 is a solid choice for those looking to make an investment of about ₹2 lakh and earn assured returns without the accompanying market risk. It’s characterized by a high interest rate and less stringent rules and seems to be quite a preferable fixed-income investment.