|Period||< 1 Cr|
|Interest Rate||Senior Citizen Rates|
|7 days to 14 days||5.70 %||6.20 %|
|15 days to 29 days||5.70 %||6.20 %|
|30 days to 45 days||5.70 %||6.20 %|
|46 days to 90 days||6.35 %||6.85 %|
|91 days to 179 days||6.35 %||6.85 %|
|180 days to 270 days||6.35 %||6.85 %|
|271 days to less than 1 year||6.35 %||6.85 %|
|1 Year||6.75 %||7.25 %|
|555 days**||6.85 %||7.35 %|
|Above 1 year & upto 3 years||6.75 %||7.25 %|
|Above 3 years & upto 5 years||6.25 %||6.75 %|
|Above 5 years & upto 10 years||6.25 %||6.75 %|
Desclaimer: We are trying our best to provide you correct and updated information about PNB FD rate but we can not guarantee that all the information on this page is 100% correct. If you find any mistake on this page then click here to inform us.
The Punjab National Bank is popularly known as PNB in the banking industry in India and is one of the oldest banks in the Indian history. The bank started its journey in 1894. The bank was also founded in Lahore and the opened the first branch in Rawalpindi in 1900. The bank has the legacy of being India’s first Swadeshi Bank. The bank had all the directors Indians when it started the operations.
After the partition between India and Pakistan, the bank shifted its headquarters from Lahore to New Delhi. The bank was nationalized in the year 1969 along with the 13 other banks. The bank started its business with the Rs 2.00 Lakh (USD 0.030 Million at present rate) and with the working capital of Rs 20000 only. The bank has grown ever since then and has never looked back and what we see now is one of the largest banks of India in the form of PNB.
The bank has grown from there and has reached the total number of 6760 branches with pan India presence. The bank has the total number of 4 overseas branches, 2 subsidiaries and 4 representative offices covering a total of 9 countries. The bank has its MD & CEO Mrs.Usha Ananthsubramanian, has two executive directors Shri KVB Rao and Dr. Ram S Sangapure presently.
The bank has the total business of Rs 965377 Crore which is equivalent to 142.07 billion USD. The Bank has the total Deposit base of Rs 553051 Crore which is equivalent to 81.39 billion USD. The bank has the advances (Loans) of 60.68 billion USD. The bank has the pan India presence barring few districts in the down south where the bank has no or very few branches. The bank has the major presence in the areas of Punjab and Rajasthan and in UP of course.
The bank has three layer functioning. The circle offices are the link of the head office to the branches. There are 76 circle offices as of now working. The bank is in the process of modifying this structure to have the better presence and would be doing so by introducing Zonal offices above the circle offices.
Along with the services being offered like any other Indian Bank, the bank also has become the new age bank and offers many services related to IT which is new platform for the banking nowadays. The bank has recently introduced the cheque book issue system through the PNB ATM. This is a rather new initiative in the banking industry. So if you are a PNB customer, please do not go to the bank for cheque book.
Utilize this facility available in your ATM and have the hassle free banking with PNB. The customer friendliness is one of the objectives of the bank. The bank operates with the slogan of "the name you can Bank upon” and the mission of the bank says “Banking for the unbanked”.
With the pan India presence and with a whopping workforce of 70801 employees, PNB is of course one of the largest bank in India. Of late, the bank has brought a drastic change in the age profile of the employees with the average age of employees being 49.29 years in the bank as on 31.03.2010, is now considerably reduced to 41.63 years in the year 2016. The main focus of the bank is thus on the customer services and if you are a PNB customer, you are sooner going to relish the experience of banking with PNB even if you have issues now.
The bank offers the loan services in every field where the other banks have the presence. The bank has adopted the MCLR system as per the RBI guidelines and has the MCLR rates ranging from 9.15% to 9.70% as of now. The MCLR of PNB is at par with the banking industry standards as of now.