Saving and investing money in the right place is very important for a secure future. Many people in India prefer to keep their money in fixed deposits (FDs) because they are safe and provide guaranteed returns. Punjab National Bank (PNB), one of the largest public sector banks in India, offers different FD schemes with attractive interest rates. If you deposit Rs 2 lakh in PNB, you can earn a good amount depending on the tenure and interest rate you choose.
In this article, we will explain in simple words how much you can earn by depositing Rs 2 lakh in PNB, what are the available FD interest rates, and why it can be a good option for you.
What is a Fixed Deposit (FD)?
A fixed deposit is a type of investment where you put your money in the bank for a fixed time, like 1 year, 2 years, 3 years, or more. During this period, you cannot easily withdraw your money, but in return, the bank gives you a higher interest rate compared to a regular savings account. At the end of the FD period, you get your original amount plus the earned interest.
PNB FD Interest Rates 2025
PNB is currently offering attractive interest rates for both general customers and senior citizens. The interest rates can change from time to time, but on average:
- For general public: 3.50% to 7.25% per year (depending on tenure)
- For senior citizens: 0.50% extra (around 4.00% to 7.75% per year)
This means if you are a senior citizen, you will get slightly more returns compared to others.
How Much Will Rs 2 Lakh Earn in PNB FD?
Let’s take an example. Suppose you deposit Rs 2 lakh in PNB for different periods:
- 1 Year FD (Interest around 6.50%)
Your earning will be around Rs 13,000 in one year.
At maturity, you will get Rs 2,13,000. - 3 Year FD (Interest around 7.00%)
Your earning will be around Rs 45,000 after 3 years.
At maturity, you will get Rs 2,45,000. - 5 Year FD (Interest around 7.25%)
Your earning will be around Rs 85,000 after 5 years.
At maturity, you will get Rs 2,85,000. - Senior Citizen (5 Year FD at 7.75%)
Your earning will be around Rs 95,000.
At maturity, you will get Rs 2,95,000.
(Note: These figures are approximate and may change depending on the latest interest rates and compounding method used by the bank.)
Key Benefits of PNB Fixed Deposit
- Safe Investment – PNB is a government bank, so your money is secure.
- Guaranteed Returns – Unlike the stock market, FD gives fixed returns.
- Flexible Tenure – You can choose FD for 7 days to 10 years.
- Loan Facility – You can take a loan against your FD in case of emergency.
- Tax Saving FD – With a 5-year FD, you can also save tax under Section 80C of the Income Tax Act.
Things to Keep in Mind
- If you break your FD before maturity, the bank may deduct a small penalty.
- The interest earned is taxable as per your income tax slab.
- Always compare FD rates of different banks before investing.
- For higher returns, senior citizens should choose longer tenure FDs.
Who Should Invest in PNB FD?
PNB FD is suitable for:
- People who want safe and risk-free investment.
- Retired persons looking for fixed income.
- Young investors who want to save for future needs like marriage, education, or home.
- Anyone who wants to keep their money safe and earn better interest than a savings account.
Final Words
Depositing Rs 2 lakh in PNB can be a smart choice if you are looking for safe and steady returns. With interest rates going up to 7.25% (and even higher for senior citizens), you can earn a good amount over time. A 5-year FD can almost give you around Rs 85,000 to Rs 95,000 extra on your investment.
So, if you have some savings that you don’t need immediately, keeping it in a PNB FD can help your money grow securely. It is a reliable option for both young investors and senior citizens.
