Punjab National Bank Recurring Deposit Calculator
Calculate your RD returns and maturity amount with latest PNB interest rates
7.1% p.a.
Best available rate by PNB across all tenures
Jun 2026
Accurate interest rates synced with official schedules
The PNB Recurring Deposit (RD) offers competitive recurring-deposit interest rates, with a minimum monthly deposit of just ₹100. Interest is compounded quarterly, and your maturity amount depends on the monthly installment and tenure you choose — use the calculator below to see your exact returns. TDS applicable if interest exceeds ₹50,000 per annum (₹1,00,000 for senior citizens)
Minimum amount varies by bank (typically ₹100 - ₹500)
Used to calculate actual tax on RD interest. Select 0% if income below ₹3L
Maturity Amount
Total Investment
₹60,000
Interest Earned
+₹982
Current Interest Rate
PNB General Rate
3.00%
per annum
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
| Tenure | General Rate | General Maturity | Senior Citizen Rate | Senior Maturity |
|---|---|---|---|---|
| 7 to 14 Days | 3% | ₹5,012 | 3.5% | ₹5,015 |
| 15 to 45 Days | 3% | ₹5,012 | 3.5% | ₹5,015 |
| 46 to 90 Days | 4.5% | ₹15,112 | 5% | ₹15,125 |
| 91 to 154 Days | 4.9% | ₹25,307 | 5.4% | ₹25,338 |
| 155 Days | 5.55% | ₹25,347 | 6.05% | ₹25,379 |
| 156 Days to 179 Days | 4.9% | ₹30,430 | 5.4% | ₹30,474 |
| 180 to 270 Days | 5.6% | ₹46,058 | 6.1% | ₹46,153 |
| 271 Days to 302 Days | 5.6% | ₹51,295 | 6.1% | ₹51,412 |
| 303 Days | 5.55% | ₹51,284 | 6.05% | ₹51,400 |
| 304 Days to >1 Year | 5.6% | ₹61,843 | 6.1% | ₹62,010 |
| 1 Year | 6.25% | ₹62,060 | 6.75% | ₹62,227 |
| >1 Year to 389 Days | 6.3% | ₹67,427 | 6.8% | ₹67,623 |
| 390 Days | 6.3% | ₹67,427 | 6.8% | ₹67,623 |
| 391 Days to 443 Days | 6.3% | ₹78,211 | 6.8% | ₹78,471 |
| 444 Days | 6.6% | ₹78,367 | 7.1% | ₹78,628 |
| 445 Days to 665 Days | 6.3% | ₹1,16,855 | 6.8% | ₹1,17,417 |
| 666 Days | 6.5% | ₹1,17,079 | 7% | ₹1,17,643 |
| 667 Days to 2 Years | 6.3% | ₹1,28,157 | 6.8% | ₹1,28,829 |
| >2 to 3 Years | 6.3% | ₹1,98,500 | 6.8% | ₹2,00,059 |
| >3 Years to 1203 Days | 6.35% | ₹2,23,136 | 6.85% | ₹2,25,086 |
| 1204 Days | 6.3% | ₹2,22,942 | 6.8% | ₹2,24,890 |
| 1205 Days to 5 Years | 6.35% | ₹3,53,556 | 6.85% | ₹3,58,243 |
| >5 Years to 10 Years | 6% | ₹8,22,145 | 6.8% | ₹8,58,986 |
Important Notes
- Min monthly: ₹100
- Penalty: 1% on premature closure
- TDS if interest exceeds ₹50,000 a year (₹1 lakh for senior citizens)
- Late or missed instalments may attract a penalty
Key Benefits
- Disciplined monthly savings habit
- Higher rates than savings accounts
- Auto-debit facility available
- DICGC insurance up to ₹5,00,000
Tax & TDS on PNB Recurring Deposits
Understanding tax implications and deductions on your RD investments
Section 80C
RDs do not qualify for the ₹1.5 lakh Section 80C deduction (only 5-year tax-saving FDs do, under the old tax regime)
Senior Citizens
Higher TDS threshold of ₹1 lakh a year for those aged 60 and above, who can also deduct up to ₹50,000 of deposit interest under the old regime
• Interest income is fully taxable as per income tax slab
• Form 15G/15H can be submitted to avoid TDS
• For 80C, look at PPF, NSC or a 5-year tax-saving FD instead
TDS Rate
10%
TDS Threshold
₹50,000
TDS Calculation
TDS is deducted at 10% if your total deposit interest with PNB exceeds ₹50,000 in a financial year (₹1 lakh for senior citizens). It is a deduction threshold, not an exemption: all the interest is taxable.
TDS applies to interest earned each year, not to your deposits
No TDS on monthly installments
Form 26AS shows TDS deducted at maturity
Can be claimed as advance tax while filing ITR
₹5,000/month RD
At 6.6% for 3 years
₹19,434
Total Interest
Tax at 30% slab (before cess): ₹5,830
₹10,000/month RD
At 6.6% for 3 years
₹38,867
Total Interest
Tax at 30% slab (before cess): ₹11,660
₹25,000/month RD
At 6.6% for 3 years
₹97,168
Total Interest
Tax at 30% slab (before cess): ₹29,150
PNB Recurring Deposit FAQs
Everything you need to know about PNB Recurring Deposits, RD interest rates, and systematic savings planning
What is the minimum amount required for PNB RD?
What is the current highest RD rate offered by PNB?
Is the interest earned on PNB RD taxable?
Can I miss a monthly installment in PNB RD?
How is interest calculated on PNB RD?
What happens if I close my PNB RD before maturity?
Compare RD Rates Across Banks
Calculate Recurring Deposit returns with different banks and find the best rates
