PNB Recurring Deposit Interest Rates 2026
A PNB recurring deposit is one of the best RDs available if you are thinking to make a significant corpus, in the long run. The tenure for a PNB RD account ranges from 6 months to 10 years. The tenures are further categorized as short-term, medium-term and long-term.
A Punjab National Bank (PNB) recurring deposit account has a term span of 6 months to 10 years. The tenures are grouped into three categories short-term, medium-term, and long-term.
Short-term category is defined as 6 months to a year, medium-term category is defined as more than a year to 5 years, and long-term category is defined as more than 5 years to fewer than 10 years.
Recurring Deposit Rates Below Rs.3 Crore
The following table shows the Recurring Deposit (RD) interest rates offered by PNB for deposits below Rs.3 crore:
Period | General Rate (%p.a.) | Senior Citizens Rate (%p.a.) | Super Senior Citizens Rate (%p.a.) |
180 to 270 Days | 5.60 | 6.10 | 6.40 |
271 Days to 302 Days | 5.60 | 6.10 | 6.40 |
303 Days | 5.55 | 6.05 | 6.35 |
304 Days to less than 1 Year | 5.60 | 6.10 | 6.40 |
1 Year | 6.10 | 6.60 | 6.90 |
More than 1 Year to 389 Days | 6.30 | 6.80 | 7.10 |
390 days to 443 days | 6.30 | 6.90 | 7.20 |
444 days | 6.60 | 7.10 | 7.40 |
445 days to 665 days | 6.30 | 6.80 | 7.10 |
666 days | 6.50 | 7.00 | 7.30 |
667 Days to 2 Years | 6.30 | 6.80 | 7.10 |
More than 2 Years to 3 Years | 6.30 | 6.80 | 7.10 |
More than 3 Years to 1203 Days | 6.35 | 6.85 | 7.15 |
1204 Days | 6.30 | 6.80 | 7.10 |
1205 Days to 5 Years | 6.35 | 6.85 | 7.15 |
More than 5 Years to 10 Years | 6.00 | 6.80 | 6.80 |
Note: The interest rates are effective from 1 June 2026 and are subject to change as per the bank's rules and regulations.
Recurring Deposit Interest Rates Above Rs.3 Crore
Here are the recurring deposits interest rates for the amount more than Rs.3 crore:
Period | General Rate (%p.a.) |
180 days to 270 days | 5.80 |
271 days to 302 days | 6.00 |
303 days | 5.95 |
304 days to less than 1 year | 6.00 |
1 year | 6.10 |
More than 1 year to 389 days | 6.15 |
390 days | 6.20 |
391 days to 443 days | 6.15 |
444 days | 6.15 |
445 days to 2 years | 6.15 |
More than 2 years to 3 years | 6.05 |
More than 3 years to 1203 days | 5.35 |
1204 days | 5.30 |
1205 days to 5 years | 5.35 |
More than 5 years to 10 years | 5.60 |
Note: The interest rates are effective from 14 March 2026 and are subject to change.
Important Information for PNB Recurring Deposit Scheme
Some of the important details regarding an PNB recurring deposit account are mentioned in the table below:
Minimum Amount to be Deposited | Rs.100 |
Tenure | 180 days to 10 years |
Additional Interest Rate for Senior Citizen | 0.50% |
What is the Maximum Interest Rate offered by the bank and for which tenure? | The maximum interest rate offered is for the term period ranging from 5 years to 10 years. The rate offered is 6.50% p.a. for regular citizens and 7.30% p.a. for senior citizens. |
Loan Against Deposit | Available |
TDS on RD | The TDS deductible will depend on the income slab to which the applicant belongs. |
Nomination Facility | Most types of RD offered by PNB have nomination facility. |
Eligibility criteria |
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Documents required |
ID Proof:
Address Proof:
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Steps to Open a Punjab National Bank Recurring Deposit (RD)?
You can open a PNB Recurring Deposit (RD) either online or by visiting a branch. Here are the steps for both the methods:
Online Process
Step 1: Log in to PNB Internet Banking or the PNB ONE Mobile App.
Step 2: Go to the section ‘Deposits’ and select ‘Open Recurring Deposit’.
Step 3: Enter the monthly deposit amount, tenure, and other required details.
Step 4: Select the savings or current account from which your monthly instalments will be auto debited.
Step 5: Review the details, accept the terms and conditions, and submit the request.
Step 6: Your RD account will be opened instantly, and you will receive confirmation.
Offline Process
Step 1: Visit your nearest PNB branch and collect the RD account opening form.
Step 2: Fill in the required details, including the deposit amount and tenure.
Step 3: Submit the completed form along with the required documents, if applicable.
Step 4: Choose your preferred payment mode, such as standing instructions or manual deposits.
Step 5: Pay the first instalment.
Step 6: The bank will open your RD account and provide the account details.
Types of Recurring Deposits Offered By PNB
Here are the types of Recurring Deposits accounts that are offered by PNB:
1. PNB Kalpnidhi Recurring Deposit Scheme: The scheme allows deposits from Rs.100 up to Rs.25 lakh per month for a tenure of 6 to 120 months. It offers standing instruction, loan, premature withdrawal, and nomination facilities. Interest is paid at the prevailing PNB rates, with additional interest benefits for senior and super senior citizens. TDS and other terms are applicable as per bank rules.
2. PNB Kalpnidhi Plus Flexi Recurring Deposit Scheme: It is a flexible recurring deposit scheme in which customers can start saving with a minimum monthly deposit of Rs.100 and have the option to deposit more whenever they want, up to the maximum limit allowed. The deposit period ranges from 6 months to 60 months. The scheme also provides facilities such as automatic monthly deposits through standing instructions, loans against the deposit, and nomination
3. PNB PRANAM Recurring Deposit Scheme: This saving plan scheme is for individuals, minors, HUFs, firms, companies, trusts, and other institutions. It allows monthly deposits from Rs.100 up to Rs.25 lakh with tenures ranging from 6 to 120 months. The scheme offers standing instruction for automatic deposits, loan facility against the RD, nomination, and premature withdrawal with 1% penalty. Maturity is payable at tenure end or one month after the last installment, and TDS is applicable.
4. PNB Special Recurring Deposit Product: This RD account can be opened by PNB internet banking users only. This e-RD account also has benefits like nominations which are available in regular RD accounts. Upon maturity, the benefit will be credited to the same account through which the term deposit was deposited.
5. PNB Special Recurring Deposit Product: This is a salary-linked RD scheme for employees of government, private, PSU, and corporate institutions. It offers deposits from Rs.10, flexible tenures of 6 to 120 months, no penalty on missed installments, interest at applicable card rates, loan facility and premature withdrawal with employer approval, along with nomination facility and TDS as per rules.
PNB Recurring Deposit (RD) Calculator
- Most people opt for recurring deposits to maximise their savings.
- The maturity amount on your RD depends on various factors like the RD deposit amount, rate of interest offered by the bank, tenure of the RD, TDS, and other such factors.
- There are many websites that offer Recurring Deposit Calculators.
- You can use PNB RD Calculator to calculate the interest you would earn on your recurring deposit.
More RD Resources
- Recurring Deposit Vs. Chit Fund
- Miss to Pay the Recurring Deposit Due
- Difference Between Recurring Deposit and SIP
- Open RD Account through HDFC NetBanking
- RD Account in SBI
- Advantages of Recurring Deposit
- Flexi RD
- SBI Flexi RD Schemes
- Indian Bank Recurring Deposit
- Union Bank Recurring Deposit
- UCO Bank Recurring Deposit
FAQs on PNB Recurring Deposit Rates
- What type of account should I have to open an RD account?
You can open an RD account with a savings account, current account, or OD account. The only rule is that the account should not be in stopped, locked, or dormant status while you are opening an RD account.
- Can I open a recurring deposit online through my netbanking?
Yes. If you are an existing PNB account holder, you can use your internet banking credentials to access your netbanking and open an e-RD account. However, please note that you should at least have one transaction that is mapped with your internet banking username to open an e-RD.
- How is the maturity amount on my RD account calculated?
There many factors like the installment amount, tenure of the RD, interest rate, and type of account that decides the maturity amount on your RD. However, after calculating, the maturity amount is rounded off to the nearest Rupee and will become payable maturity date.
- Will I be allowed to add nominees to my RD account?
Yes. While opening an RD account online, you will be asked to provide your nominee details.
- Can I close my RD account online?
If you have opened an e-RD online, you will have an option called "Close Account" under e-RD when you log in to your netbanking. However, RDs that are not created online cannot be closed using this option.
Annie Jangam is a financial writer with a unique background in biotechnology and eight years of genomics research experience, culminating in 6 international publications. She combines her analytical and communication skills to simplify complex financial concepts, delivering precise and creatively engaging content in the fintech industry. She covers various financial products such as banking, insurance, credit cards, tax, commodities, and more. Outside of the financial realm, she dabbles in poetry. Her extracurricular passions include organizing events like One Billion Rising and Human Rights Day. She is committed to the equality of all people, a principle rooted in her Christian faith. Annie strives to embody the values of faith, hope, and love in both her work and her life.
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