PNB Bank FD Scheme : In such a volatile market environment, where investors are faced with escalating market uncertainty, Fixed Deposits provide investors certainty and return and at the same time, it mitigates the risk of losing their capital.
When it comes to FDs, the 390 Days FD scheme of Punjab National Bank is one of the most popular FD options which is being preferred by regular investors and senior citizens who wish to get the best returns on their savings.
This specific tenure provides with one of the highest interest earned on FD portfolio of PNB, so let us check out the best investment option.
Why 390 Days FD Scheme is the Standout Choice
The world of finance is a strange place, but some things do not change. Fixed deposits have always been a core of the risk-averse investment portfolios in India, and with good reason.
Punjab National Bank 390 Days FD This one seems to be a sweet spot on the tenure vs returns front.
Such a scheme gives a powerful interest rate of 7.10% for civilian applicants, which is far higher than most other options available with the bank as of May 2025.
It is an even more tempting deal for senior citizens with the 7.60% interest rate, and in an exceptional offering to their senior- most citizens (aged 80 and above), they are assured 7.90% return on their investments.
These are the rates which help place 390 Days FD among the most competitive fixed deposit products in the Indian banking industry.
PNB Bank FD Scheme Making Sense of the Numbers Game
Here’s a closer look at what these percentages really mean. If an average citizen invests ₹1,00,000 in the 390 Days FD scheme, they would receive about ₹7,610 as interest on maturity (on quarterly compounding basis).
For senior citizens, the same would earn about ₹8,180, and for super senior citizens about ₹8,530.
This discrepancy becomes even more pronounced at higher deposition sides. For a deposit of ₹10,00,000, the maturity amount will be around ₹10,76,100 for regular citizens, ₹10,81,800 for senior citizens, and ₹10,85,300 for super senior citizens.
Yeah, when you compare than to few other investment options out there, such as savings account (typically 2.5-3.5% interest) or even relatively short term FDs inside PNB (a lot of them at less than 6.5%), you end up getting much better returns, while being attached to similar levels of security and guarantee.
PNB Bank FD Scheme The Hidden Perks Beyond Interest Rates
Although attractive interest rates are the most apparent benefit, there are quite a few other advantages this tenure enjoys:
Ideal Lock-in period: The 390-days tenure is painful sweet liquidity vs return trade-off. It is long enough to lock in the higher interest rates but not so long that your money is tied up for years.
Tax Efficiency: While not really a tax saving fixed deposit (like the 5-year Tax Saving scheme), 390 Days FD can still be used strategically as one of your tax planning instruments.
Spread the interest income between financial years by timing your investments so as to minimise the tax in conceivable manner.
Loan Facility: PNB offers loan facility against fixed deposits, up to 90% of the deposit amount at attractive interest rates to the investors. This gives emergency liquidity without losing the higher returns of the FD.
Facility of Nomination: The scheme has the facility of nomination and the funds can be smoothly transferred to a nominated beneficiary on the death of the account holder.
Deposit Insurance: The 390 Days FD, just like all PNB deposits is covered under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme (up to ₹5,00,000 per depositor).
Who Should Think About This Plan?
The 390 Days FD scheme will be ideal for:
Defensive Investors: Capital is in the first place: + Better return than savings, but be implied i.
Senior Citizens: Retired individuals who are seeking the optimal regular income on their savings.
Medium-Term Planners: Those who have finances targets set 1-1.5 years from now.
Tactical Asset Allocators: Investors who want to sit on the sidelines for a short time as they wait for more attractive investment returns in another asset class.
Loan Planners: For those who’ll want to access a secure loan at some point in the future.
Procedure to open 390 Day(s) FD account in PNB
This FD is easy to open and has a lot of channels:
Online Method
Login to PNB’s NetBanking portal or mobile banking app
Go to the section “Open Fixed Deposit.”
Choose Months 390 Days tenure from the dropdown menu.
Put the amount that you want to deposit, as well as other requested information
Finish up by confirming with OTP
Offline Method
Visit your nearest PNB branch
Complete the FD application form
Specify the 390 days tenure
upload required KYC documents
Make the deposit payment
The minimum deposit is only ₹100, meaning even the common man can invest in this scheme.
Strategic Position for Maximal Profit
In order to maximize your returns on the 390 Days FD scheme, use these tactical moves.
Laddering: Rather than investing invested 1,00,000 in a single FD, invest in 5 different 390 Days FD with different maturities. And it offers some liquidity along the way, while you still benefit from the higher interest rate.
Auto-Renewal Option: Automatic renewal instructions will be set up to renew the account at maturity; interest rate will not change. But be mindful of rate shifts at renewal.
Interest Payout Modality: Select between regular interest payouts (monthly/quarterly) or reinvestment based on your cash flow demand.
Combining With Other Instruments: The 390 Days FD is good as part of a larger portfolio, best suited to complement other more aggressive investments such as equity mutual funds or stocks.
PNB Bank FD Scheme The Fine Print: Beware These Details
There are appealing advantages of the 390 Days FD, however, here are things investors should consider, too:
Penalty on premature withdrawal: PNB imposes a penalty of 1% on applicable interest for premature withdrawals. That could eat into real returns in a big way.
TDS Implications: You will have to pay tax on interest earned (TDS is currently 10% if interest income exceeds ₹40,000 in a year for non-senior citizens, or ₹50,000 for senior citizens). You can also prevent TDS if you are eligible by submitting Form 15G/15H.
Renewal Rate Volatility: Interest rates can fluctuate. What’s profitable now won’t necessarily be so at renewal time.
No Further Deposits: You cannot deposit more money into your existing FD, unlike some recurring deposit schemes. If you want to invest more, you will have to open a fresh FD.
PNB Bank FD Scheme Conclusion: Financial Portfolio Addendum
In the current investment scenario, where inflation threats could dampen market sentiments, the PNB 390 Days FD serves as a sensible investment option for those looking for a mix of security and returns.
Being one of the best FD tenure in PNB’s offering kneels down at the entire high yielding caravans across to plan investment of fixed incomes.
And as no financial product is the perfect fit for every investment requirement, the 390 Days FD fills a gap in an overall investment plan.
Just by understanding its pros and cons, investors can optimize this tool in their quest to firm up the financial bedrock that will support the edifice of their long-term wealth-creation plans.
For those who are craving for assured returns and don’t want to stress about stock market swings, PNB’s 390 Days FD scheme deserve serious thought, especially in today’s unpredictable economic environment.