PNB Offers Highest FD Interest on 444-Day Scheme
Punjab National Bank (PNB) has increased its Fixed Deposit (FD) interest rates for deposits below Rs 3 crore, making its 444-day FD scheme the most lucrative option available. The changes come into effect February 24, 2026, and are currently at the highest point among other public sector banks.
Highlights
- •PNB increases interest rates for deposits below Rs 3 crore with the introduction of a 444-day FD scheme, offering rates ranging from 6.60% to 7.40%.
- •Compared to Bank of Baroda and Indian Bank, PNB's rates are the highest among these three banks.
- •PNB's FD rates also differ for senior and super senior citizens, with 7.10% and 7.40% interest rates, respectively.
- •The impact of these changes is significant, as PNB now offers the best returns amongst other public sector banks.
Punjab National Bank (PNB) has recently revised its Fixed Deposit (FD) interest rates with a significant move, making its 444-day FD scheme the most attractive option for customers seeking high returns on their investments.
Effective from February 24, 2026, PNB has set new rates for deposits less than Rs 3 crore. For general customers, they now receive 6.60% interest on FDs with a maturity of 444 days. Senior citizens will receive 7.10%, and super senior citizens will earn 7.40% interest on this scheme, marking the highest levels among other public sector banks.
To compare, Bank of Baroda's BOB Square Drive 444-day FD scheme offers 6.45% interest for general customers, 6.95% for senior citizens, and 7.05% for super senior citizens. Indian Bank's Ind Secure 444-day FD scheme has rates of 6.45% for general customers, 6.95% for senior citizens, and 7.20% for super senior citizens.
State Bank of India (SBI) and Canara Bank also offer different interest rates for their respective 444-day FD schemes. SBI's Amrit Vrishti scheme offers 6.45% for general customers, 6.95% for senior citizens, and 7.05% for super senior citizens, while Canara Bank's rates are 6.45% for general customers and 6.95% for senior citizens on 444-day FDs.
The significant increase in interest rates on PNB's 444-day FD scheme makes it an attractive option for customers looking to secure better returns on their investments, surpassing what other banks offer.
The interest changes have been implemented, ensuring that customers understand the current interest rates and tax implications before making any investments. With PNB now offering the highest rates on the 444-day FD scheme, investors have valuable insights for planning their financial strategies and securing their future.
