Punjab National Bank (PNB) has revised its fixed deposit (FD) interest rates for the 444-day tenure, offering attractive returns for general citizens and senior citizens. As of May 2026, the bank provides 7.25% per annum on FDs maturing in 444 days for the general public, while senior citizens receive a higher rate of 7.75% per annum. This special tenure FD is part of PNB's efforts to cater to investors seeking medium-term savings options with competitive yields.
Key Features of PNB 444-Day FD
The 444-day fixed deposit scheme is designed for customers who want to lock in their funds for a specific period exceeding one year. The scheme is available for both fresh deposits and renewals. Minimum deposit amount is Rs. 1,000, and there is no maximum limit. Interest is calculated on a quarterly compounding basis, and the maturity amount can be reinvested or transferred to a savings account.
Interest Rate Breakdown
- General Citizens: 7.25% per annum
- Senior Citizens: 7.75% per annum (0.50% higher than general rate)
- Super Senior Citizens (80+): 8.00% per annum (additional 0.25% over senior citizen rate)
These rates are applicable for FDs below Rs. 2 crore. For deposits above Rs. 2 crore, rates may vary based on the bank's bulk deposit policy.
PNB FD Calculation for 444 Days
To calculate the maturity amount for a PNB 444-day FD, use the formula for compound interest: A = P (1 + r/n)^(nt), where P is principal, r is annual interest rate, n is compounding frequency (quarterly, so 4), and t is time in years (444/365 ≈ 1.216 years). For example, a Rs. 1 lakh deposit by a general citizen at 7.25% would yield approximately Rs. 1,08,950 after 444 days. Senior citizens investing the same amount at 7.75% would get around Rs. 1,09,600.
Benefits of PNB 444-Day FD
This FD offers a balance between short-term and long-term deposits, providing higher returns than one-year FDs while maintaining liquidity. It is ideal for investors with a medium-term horizon, such as saving for a vacation, home renovation, or education expenses. The scheme is also eligible for loan against deposit up to 90% of the principal amount.
How to Open a PNB 444-Day FD
Customers can open this FD online via PNB's internet banking or mobile app, or by visiting any branch. For online account holders, the process is simple: log in, select 'Fixed Deposit', choose the 444-day tenure, enter the amount, and confirm. The deposit is automatically linked to the customer's savings account. Branch visits require a filled application form, ID proof, and address proof.
PNB's 444-day FD is a compelling option for risk-averse investors seeking guaranteed returns. With competitive rates and the security of a government-backed bank, it remains a popular choice in the Indian fixed-income market.
