Punjab National Bank has introduced a brand-new 24-month Fixed Deposit Scheme, offering attractive interest rates and secure returns for investors. With rising demand for safe investment options, this 2-year FD from PNB is drawing attention, especially for those planning to deposit ₹2 lakh or more. The scheme provides predictable earnings, stability and higher returns compared to short-term deposits, making it ideal for salaried individuals, senior citizens and risk-averse investors.
What Is the New 24-Month PNB FD Scheme?
The newly launched fixed deposit comes with a fixed tenure of 24 months, offering consistent returns throughout the period. Being a public-sector bank, PNB ensures complete safety of funds along with competitive interest rates. Investors choosing this scheme can lock in their money for two years and enjoy guaranteed earnings without worrying about market fluctuations.
Expected Interest Rates & Returns
Under this 24-month FD scheme, PNB is offering attractive interest rates that generally range around 6.40% per annum for regular depositors, while senior citizens may receive 6.90% to 7.20% depending on the branch and current policy.
If an investor deposits ₹2 lakh for 24 months, the maturity amount can rise significantly due to compound interest. Senior citizens stand to earn even higher returns, making this FD especially beneficial for retirees seeking a safe monthly income or lump sum maturity.
Why This FD Is Getting Popular
This deposit scheme offers a perfect mix of safety and profitability. Investors prefer it because it ensures guaranteed returns, protects capital and allows medium-term financial planning without locking money for too long. The 24-month tenure also provides better interest than many shorter-term options, making it an attractive choice for those who want assured growth.
Benefits of the PNB 24-Month FD
The scheme provides complete capital protection, predictable earnings and higher interest rates for senior citizens. Investors can choose cumulative or non-cumulative payout options based on their financial needs. Since it is offered by a trusted PSU bank, depositors enjoy peace of mind and strong security for their savings.
Key Points to Keep in Mind
Before investing, depositors should check the exact interest rate at their nearest PNB branch, as rates may vary. Premature withdrawal rules, penalties and tax implications should also be reviewed. Interest earnings are taxable, and TDS may apply if the yearly income crosses the limit. Choosing between monthly, quarterly or maturity payouts depends on individual needs.
Who Should Invest?
This FD is best suited for individuals who want a low-risk investment with guaranteed returns. It is ideal for working professionals, senior citizens, homemakers and anyone looking to grow their savings safely over a two-year period. Investors who prefer stability over market-linked volatility will find this FD highly appealing.
Conclusion: PNB’s 24-month Fixed Deposit Scheme is a strong investment option for 2025, especially for those planning to deposit ₹2 lakh or more. With attractive interest rates, strong safety and guaranteed returns, this FD helps build financial security in a stable and predictable manner. If you are seeking a reliable savings plan, this scheme deserves your attention.
Disclaimer: Interest rates and terms may change based on PNB’s latest updates. Always verify the current rates and conditions with your local branch before opening the FD.
