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Punjab National Bank Recurring Deposit

Punjab National Bank · Bank Savings & Fixed Deposits

A fixed sum deposited every month, earning the bank's term rate for the chosen period.

Rate set by the bank, by tenure Not published as a number here — it varies by provider, tenure or plan.

RD rates track the bank's fixed-deposit rate for the same tenure.

Check the official page

Source Punjab National Bank — official page

www.pnbindia.in/recurring-deposit.html

Rate and account rules are set by the bank and change; check its page.

How it works

Punjab National Bank Recurring Deposit is a bank deposits product from Punjab National Bank, in the guaranteed category: fixed by contract. A fixed sum deposited every month, earning the bank's term rate for the chosen period.

Because the return type is guaranteed, the questions that matter most are: Is the rate fixed for the whole tenure, or revised during it? Who is actually promising to pay, and what happens if they don't?

  • A monthly saving habit with a fixed end date
  • A known expense a few years away

Key facts

Provider
Punjab National Bank
Source
Punjab National Bank — official page ↗ https://www.pnbindia.in/recurring-deposit.html
Rate
Rate set by the bank, by tenure ↗
Category
Bank Savings & Fixed Deposits
Minimum investment
— Typical minimum ₹500–₹1,000 a month; varies by bank
Tenure
6 months to 10 years
Payout
Lump sum at maturity
Eligibility
Resident individuals, singly or jointly. Minors through a guardian.
Getting your money back
Premature closure is allowed with a penalty on the applicable rate.
Protection
Insured by the DICGC up to the statutory limit per depositor per bank.
Tax
Interest is taxable at your slab, and TDS may apply above the threshold.

What can go wrong

  • Missing an instalment can attract a penalty.
  • The rate is fixed for the term, so you lose out if rates rise.
  • Breaking it early reduces the rate you earn.

Before you decide anything

  • The penalty for a missed instalment
  • What rate applies if you close it early

These are questions to take to the provider, not a checklist that makes a product suitable. Whether something fits your situation is a decision only you — or an adviser you choose — can make.

Official sources

These link to the regulator or provider where the rules for this type of product are set out. They are the pages worth checking before you act, because they are the ones that get updated.

Other products in this category

The same rules and the same kind of trade-offs, described the same way.