PNB Bank Fixed Deposit Calculator

The PNB bank fixed deposit calculator is known to have attractive features. The use of PNB bank fixed deposit calculator is very easy. You do not need to have any technical knowledge or experience using FD calculator. You just need to enter the relevant detail and the desired result will be available in front of you in seconds.

How to use PNB BANK FD Calculator?

It will display the maturity amount and the amount of interest you will earn.

How is the PNB FD interest calculated?

The interest here is the income you earn on your principal invested in the bank FD. The interest is calculated using the Compounding Frequency. The interest can be compounded monthly, quarterly, half-yearly or annually. PNB FD Calculator help you calculate the interest on your deposits prior to your opening of a fixed deposit account in the bank.

Know which is beneficial FD monthly or quarterly?

In PNB, you get the benefit of interest on FD that has the compounding effect. Hence, the total paid interest on a cumulative FD upon maturity would certainly be on the higher side in comparison to the interest paid monthly/quarterly on a non-cumulative FD of the same amount assuming the same rate of interest per annum for both.

PNB TERM DEPOSIT SCHEME 405 DAYS (Domestic/NRO)

Deposit Amount

• 1. Term Deposit less than Rs. 2 crores at ROI 6.10 % quarterly compounding
• 2. Term Deposit Rs. 2 crores to Rs.10 crore at ROI 6.25 % quarterly compounding

Tenure of Deposit
405 Days

Eligibility

• Individual (singly or jointly) with others
• Minor who have attained the age of 10 years and above in his own name on giving proof of age
• Minor under Guardianship of natural/legal guardian
• Proprietorship, Partnership Firm, Commercial Organization, Company /Corporate Body
• Hindu Undivided Family
• Association, Club, Society, Trust or Religious, Charitable or Educational Institutions
• Municipality or Panchayat, Government or Quasi Government Body
• Illiterate and blind persons can also open the account NRI - Individual (singly or jointly)
• NRI - Individual (singly or jointly) (exclusively for NRO account)

Maturity Option
Yes

Auto Renewal
No

Premature Withdrawal of Deposit
Yes

PNB TERM DEPOSIT SCHEME 1111 DAYS (Callable)

Deposit Amount
A minimum deposit of Rs.100/- and thereafter in multiples of Rupee one (Rs.1/-) with maximum amount of Rs.1,99,99,999/- (less than 2 crores).

Period of Deposit
1111 Days

Interest
Presently 5.75%
As per guidelines issued by HO: IRMD, ALM Cell from time to time. Interest is compounded quarterly and is payable on maturity of the deposit.

Eligibility

• Individual (singly or jointly) with others
• Minor who have attained the age of 10 years and above in his own name on giving proof of age
• Minor under Guardianship of natural/legal guardian
• Proprietorship, Partnership Firm, Commercial Organization, Company /Corporate Body
• Hindu Undivided Family
• Association, Club, Society, Trust or Religious, Charitable or Educational Institutions
• Municipality or Panchayat, Government or Quasi Government Body
• Illiterate and blind persons can also open the account

Auto Renewal
No

Maturity Option

The interest shall be compounded on quarterly basis and is payable on maturity of deposit. The interest inflow in the account shall be on every calendar quarter end i.e., 31/3, 30/6, 30/9 & 31/12.

• The incomplete quarter of such deposit shall be reckoned at the end, for the purpose of calculation of interest