PNB’s 15-month fixed deposit scheme offers attractive interest rates, secure investment options, and flexibility for short-term investors in 2026
Overview of Punjab National Bank 15-Month FD
The Punjab National Bank (PNB) has launched a 15-month Fixed Deposit (FD) scheme to provide investors with higher returns on short-term deposits. This FD is designed for those who want secure, low-risk investment options with moderate liquidity.
It combines the benefits of capital safety, guaranteed interest, and competitive rates, making it suitable for both retail and senior citizen investors.
Interest Rates Offered in 2026
The PNB 15-month FD offers interest rates up to 7.75%, depending on the depositor category and account type. Senior citizens typically receive an additional 0.25% benefit, making it an attractive option for retirees seeking steady income.
Interest can be received either at maturity or through periodic payouts, depending on the depositor’s preference.
FD Features and Key Highlights
| Feature | Details |
|---|---|
| Tenure | 15 months |
| Interest Rate | Up to 7.75% |
| Minimum Deposit | ₹1,000 |
| Maximum Deposit | No upper limit |
| Interest Payout | Monthly, quarterly, or at maturity |
The scheme offers flexibility in deposit amount and interest payout options, catering to diverse investor needs.
Eligibility Criteria for Investors
The 15-month FD is open to:
- Resident individuals
- Senior citizens (additional interest benefit)
- HUFs and certain institutional investors
Applicants must have a valid PNB account or open one before investing. Senior citizens automatically qualify for the higher rate at the time of deposit.
Expected Returns and Maturity Value
For a deposit of ₹1 lakh at 7.75% for 15 months, the expected maturity value can be calculated using simple or compound interest, depending on payout mode.
PNB also provides an online FD calculator to help investors estimate returns based on deposit size, interest rate, and tenure.
Benefits of Investing in PNB 15-Month FD
- Guaranteed capital safety backed by a public sector bank
- Competitive interest rates, especially for short-term investors
- Flexible payout options for monthly income or lump sum at maturity
- Additional interest for senior citizens
- Ideal for conservative investors seeking predictable returns
Conclusion
The PNB 15-month FD 2026 is an excellent choice for those seeking short-term, low-risk investments with attractive returns. With up to 7.75% interest, flexibility, and guaranteed capital safety, it suits both new investors and retirees looking for steady income.
Investors should evaluate their cash flow needs and choose the appropriate payout option to maximize benefits.
Disclaimer: This article is for informational purposes only. Interest rates, terms, and conditions are subject to change as per Punjab National Bank policies. Investors should verify details with the bank before making any financial decisions.