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Punjab National Bank

Recurring Deposit Calculator

Calculate your Recurring Deposit returns with latest PNB interest rates. Plan your monthly savings and get accurate maturity amounts.

Highest Rate: 7.35% for Senior Citizens
Best Rate: 6.85% for General Citizens
Min Monthly: ₹100 only
Senior Citizen Benefit: Additional 0.5% on all tenures
Disciplined Savings: Monthly investment habit
Flexible Tenure: 6 months to 10 years
Auto-Debit Available
Premature Closure Allowed
Safe Investment with Guaranteed Returns
Start Your SIP Journey
Heritage bank
Wide network
Government backing
Affordable banking
Rural presence
Highest Rate: 7.35% for Senior Citizens
Best Rate: 6.85% for General Citizens
Min Monthly: ₹100 only
Senior Citizen Benefit: Additional 0.5% on all tenures
Disciplined Savings: Monthly investment habit
Flexible Tenure: 6 months to 10 years
Auto-Debit Available
Premature Closure Allowed
Safe Investment with Guaranteed Returns
Start Your SIP Journey
Heritage bank
Wide network
Government backing
Affordable banking
Rural presence
₹500₹1,00,000

Minimum amount varies by bank (typically ₹100 - ₹500)

Typical RD terms: 6 months to 10 years

%

Current RD rates: 6.0% - 8.0%

Your Tax Slab Rate

Used to calculate actual tax on RD interest

Select 0% if income below ₹3L

New Tax Regime (Budget 2023)

Higher exemption limit (₹3L vs ₹2.5L). Select the rate based on your total annual income.

Important Notes:

• This is your personal income tax rate, not TDS

• TDS (10%) is deducted separately if interest exceeds ₹40,000

• You can claim TDS as advance tax while filing returns

RD Maturity Summary
Premature Closure Analysis
6 months2 years 0 months59 months

PNB Recurring Deposit Calculator Results

Year-wise breakdown of your monthly investments and returns

PNB Recurring Deposit Interest Rates

Latest interest rates for different tenures

Current RD Rates
TenureGeneral RateSenior Citizen Rate
1 year
6.25%
6.75%
2 years
6.8%
7.3%
3 years
6.85%
7.35%
5 years
6.85%
7.35%

Important Notes

  • • Min monthly: ₹100
  • • Penalty: 1% on closure
  • • TDS if interest > ₹40,000
  • • 15 days grace for missed EMI

Key Benefits

  • • Disciplined monthly savings
  • • Higher than savings rates
  • • Auto-debit facility
  • • Loan against RD available

Tax & TDS on PNB Recurring Deposits

Understanding tax implications and deductions on your RD investments

Tax Deductions Available

Section 80C

Tax-saving RDs (5-year lock-in) qualify for deduction up to ₹1.5 lakh under Section 80C

Senior Citizens

Higher TDS exemption limit of ₹50,000 for citizens above 60 years

• Regular RDs don't qualify for Section 80C deduction

• Interest income is fully taxable as per income tax slab

• Form 15G/15H can be submitted to avoid TDS

• NSC and other alternatives also qualify for 80C

TDS (Tax Deducted at Source)

TDS Rate

10%

Exemption Limit

₹40,000

TDS Calculation

TDS is deducted at 10% if total interest from all RDs with PNB exceeds ₹40,000 in a financial year

• TDS is calculated on maturity amount

• No TDS on monthly installments

• Form 26AS shows TDS deducted at maturity

• Can be claimed as advance tax while filing ITR

RD Tax Impact Calculator

₹5,000/month RD

At 6.85% for 3 years

22,194

Total Interest

TDS: ₹0

₹10,000/month RD

At 6.85% for 3 years

44,388

Total Interest

TDS: ₹438.8

₹25,000/month RD

At 6.85% for 3 years

110,970

Total Interest

TDS: ₹7,097

PNB RD at a Glance

Key information and features about Punjab National Bank Recurring Deposits

Punjab National Bank logoPNB Quick Info
Best Rate:7.35%
Min Monthly:100
Penalty:1%
Key Features
  • Heritage bank
  • Wide network
  • Government backing
  • Affordable banking
  • Rural presence

PNB Recurring Deposit FAQs

Everything you need to know about lumpsum investments

The minimum amount required to start a Punjab National Bank Recurring Deposit is ₹100 per month.