How to Open Punjab National Bank Fixed Deposit Account

Overview FD Interest Rates FD Calculator Open FD Close FD Tax Saving FD Senior Citizen FD Rates

Updated 03 Sep 2023

Fixed Deposits (FD) have always been a popular investment option, known for their safety and assured returns. Punjab National Bank (PNB), with its rich history and extensive network, offers attractive FD schemes.

Whether you're a seasoned investor or just stepping into banking investments, opening an FD account with PNB is straightforward. This blog delves into the steps to open an FD account, eligibility criteria, the required documents, and answers to some frequently asked questions.

How to Open an FD account in Punjab National Bank

Through Mobile App

Step1- Download the PNB mobile application from the app store or play store and log in.
Step3- Select the ‘Open Fixed Deposit’ option.
Step4- Enter all the personal details, enter the nominee details, and opt for door service assistance.
Step5- After that bank’s representative will visit for verification.
Step 6- Once the application form and KYC documents are verified and approved, the PNB FD will be processed and booked. Subsequently, the FD certificate will be sent to the designated communication address. A confirmation SMS will also be sent to the mobile number registered with the account.

Offline Method

Step1- Visit the bank branch.
Step2- Take the FD application form.
Step3- Fill the required details and submit the necessary documents.
Step4- Submit the form to the branch.
Step5- PNB will provide an FD receipt on successfully processing the application.
Step6- Also, one will receive an SMS confirmation on the registered mobile number.

Through Internet banking

Step1- Login to the PNB NetBanking account.
Step2- Select the ‘Open Deposit’ option.
Step3- Enter all the information, nominee details and maturity instruction
Step4- Finally, opt for door-to-door service instructions, After that bank’s representative will visit for verification
Step 5- Once the application form and KYC documents are verified and approved, the PNB FD will be processed and booked. Subsequently, the FD certificate will be sent to the designated communication address. A confirmation SMS will also be sent to the mobile number registered with the account.

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Eligibility Criteria

Resident individuals, including minors. Minors can invest in PNB FDs only when an adult jointly opens an account with them.
Sole proprietorship
Partnership firms
Public and private companies
HUFs
Trusts, associations and societies

Documents Required

Identity Proofs

PAN Card or a declaration in Form No. 60 or 61 of the Income-tax Act, 1961
Aadhar Card
Passport
Driving license, etc.

Address Proofs

Electricity bills
Telephone bill
Aadhar card
Bank statement

FAQs

Can you get a loan against PNB Bank FD?

Yes, investors can get loans against PNB bank's FD.

How many FDs can be opened in PNB?

There is no limit on the number of FDs, you can open as many FDs as you want.

What are the available FD tenures in Punjab National Bank?

Punjab National Bank (PNB) offers FD interest rates of 3.50-7.25% p.a. to the general public and 4.00-7.75% p.a. to senior citizens on tenures ranging from 7 days to 10 years.

What is the senior citizen fixed deposit interest rates in Punjab National Bank?

The senior citizen fixed deposit interest rates in PNB range between 4.00-and 7.75%. for an available minimum and maximum investment duration.

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