PNB Recurring Deposit (RD) Calculator
Calculate your monthly deposit returns with Punjab National Bank Recurring Deposits.
Official Rate Formula & Benchmark:
Punjab National Bank Recurring Deposits compound interest quarterly on monthly instalments. For a 3-year RD, the rate is 6.80% p.a. (7.30% for seniors).
Current official starting rate: 6.80% p.a. (Range: 6.80% – 7.30% p.a.).
PNB RD Calculator
Interactive calculation engine using official PNB rates
Senior Citizen Benefit
PNB offers 7.30% p.a. (+0.50% extra) for age 60+
RD Accumulation Schedule
| Year | Deposited To Date | Cumulative Interest | Closing Balance |
|---|---|---|---|
| Year 1 | ₹1,20,000 | ₹4,487 | ₹1,24,487 |
| Year 2 | ₹2,40,000 | ₹17,658 | ₹2,57,658 |
| Year 3 | ₹3,60,000 | ₹40,118 | ₹4,00,118 |
Rate Verification & Official Notice
6.80% p.a.
6.80% – 7.30% p.a.
fixed RateRBI Repo Linked / Card Rate
Senior Citizens: up to 7.30% p.a.Applicable Conditions & Eligibility Factors:
- Quarterly compounding on monthly instalments
- Auto-debit from PNB account
Source: PNB RD Scheme Guidelines
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Quarterly compounding on monthly instalments.
- 2Automatic debit from PNB savings account.
Key Factors Influencing Your Rate
- •Senior citizen 0.50% premium
- •Flexible standing instructions
Worked Numerical Example: PNB RD Calculator
Depositing ₹10,000 monthly for 3 years (36 instalments) at 6.80% p.a. quarterly compounding yields ₹4,00,118 at maturity on total deposits of ₹3,60,000, earning ₹40,118 in interest.
Frequently Asked Questions: PNB RD Calculator
- Minimum tenure for PNB RD?
- 6 months.
- Can I open online?
- Yes, via PNB ONE app.