एकीकृत जोखिम प्रबंधन प्रभाग, प्रधान कार्ाालर्,

प्लाट सं .4, सेक्टर 10, द्वारका, नई दिल्ली- 110075

INTEGRATED RISK MANAGEMENT DIVISION- ASSET LIABILITY MANAGEMENT
HEAD OFFICE, PLOT NO.4, SECTOR-10, DWARKA, NEW DELHI-110075
TO ALL OFFICES Date: 09-04-2025
In Supersession of ALM-IRMD
Circular No. 03/2025 dated 28.02.2025
ALM - IRMD CIRCULAR NO. 06/2025
REVISION IN RATE OF INTEREST ON DOMESTIC TERM DEPOSIT (CALLABLE)
& PNB UTTAM (NON-CALLABLE)
The rates of interest on Domestic/NRE/NRO Term Deposits were last published vide ALM
–IRMD Circular No. 03/2025 dated 28.02.2025.

ALCO in its meeting dated 09.04.2025 has reviewed the interest rates on Domestic Term
Deposits (callable) & PNB UTTAM (Non-Callable) Including NRE & NRO Deposits and

:20
decided to revise the interest rates w.e.f. 10.04.2025 as under.

Revised Interest rates on Single Domestic Term Deposits (TD) (Callable)

25 7
General TD
12 General TD Senior Citizen* Super Senior
-20 35

Period < Rs.3 cr. Rs.3 cr. to < Rs.3 cr. Citizen#
Rs.10 cr. < Rs.3 cr.
-04 211

Existing Revised Existing Revised Existing Revised Existing Revised

(% p.a.) (% p.a.) (% p.a.) (% p.a.) (% p.a.) (% p.a.) (% p.a.) (% p.a.)
01.01.25 10.04.25 01.03.25 10.04.25 01.01.25 10.04.25 01.01.25 10.04.25
7 to 14 days 3.50 3.50 4.00 4.00 4.30 4.30
15 to 29 days 3.50 3.50 5.25 5.25 4.00 4.00 4.30 4.30
5

30 to 45 days 3.50 3.50 4.00 4.00 4.30 4.30

46 to 60 days
4.50 4.50 6.25 5.50 5.00 5.00 5.30 5.30
61 to 90 days
91 to 179 days 5.50 5.50 6.50 5.50 6.00 6.00 6.30 6.30
10

180 to 270
6.25 6.25 6.65 6.25 6.75 6.75 7.05 7.05
days
271 D to 299 D 6.50 6.50 7.00 7.00 7.30 7.30
300D 7.05 6.50 6.75 6.50 7.55 7.00 7.85 7.30
301 D to 302 D 6.50 6.50 7.00 7.00 7.30 7.30
303D** 7.00 6.40 7.00 6.40 7.50 6.90 7.80 7.20
304D to < 1 yr 6.50 6.50 6.75 6.50 7.00 7.00 7.30 7.30
1 yr 6.80 6.80 7.25 6.80 7.30 7.30 7.60 7.60
>1yr to 389 D 6.80 6.80 7.30 7.30 7.60 7.60
390 D 6.80 7.10 6.80 6.80 7.30 7.60 7.60 7.90
391 D to 399 D 6.80 6.80 7.30 7.30 7.60 7.60
400 D 7.25 6.80 6.80 6.80 7.75 7.30 8.05 7.60
401 D to 505 D 6.80 6.80 6.80 6.80 7.30 7.30 7.60 7.60
506D** 6.70 6.70 6.70 6.70 7.20 7.20 7.50 7.50
507D-2yr 6.80 6.80 6.80 6.80 7.30 7.30 7.60 7.60

Page 1 of 5
ALM IRMD Cir. no. 06/2025 Interest Rate on Domestic Term Deposits (callable) & PNB UTTAM (Non-Callable)
(Confidential. Strictly for Internal Circulation only)
 पंजाब नैशनल बैंक
एकीकृत जोखिम प्रबंधन प्रभाग, प्रधान कार्ाालर्,
PUNJAB NATIONAL BANK
INTEGRATED RISK MANAGEMENT DIVISION- ASSET LIABILITY MANAGEMENT
HEAD OFFICE
>2-3 yr 7.00 6.75 6.50 6.50 7.50 7.25 7.80 7.55
>3yr-1203D 6.50 6.25 6.25 6.25 7.00 6.75 7.30 7.05
1204D** 6.40 6.15 6.15 6.15 6.90 6.65 7.20 6.95
1205D-5yr 6.50 6.25 6.25 6.25 7.00 6.75 7.30 7.05
>5yr-1894D 6.50 6.00 5.60 5.60 7.30 6.80 7.30 6.80
1895D** 6.35 5.85 5.45 5.45 7.15 6.65 7.15 6.65
1896D-10yr 6.50 6.00 5.60 5.60 7.30 6.80 7.30 6.80
* Senior Citizen- Age ≥ 60Year to < 80 Year, # Super Senior Citizen- Age 80 Year & above

Revised Interest rates on Single NRO & NRE Term Deposits (TD) (Callable)

NRO NRE $
Term Deposits Term Deposits Term Deposits Term Deposits

:20
Period < Rs.3 cr. Rs.3 cr. to Rs.10 < Rs.3 cr. Rs.3 cr. to Rs.10
cr. cr.
Existing Revised Existing Revised Existing Revised Existing Revised
(% p.a.) (% p.a.) (% p.a.) (% p.a.) (% p.a.) (% p.a.) (% p.a.) (% p.a.)
25 7
01.01.25 10.04.25
1201.03.25 10.04.25 01.01.25 10.04.25 01.01.25 10.04.25
-20 35

7 to 14 days 3.50 3.50 NA NA NA NA

15 to 29 days 3.50 3.50 5.25 5.25 NA NA NA NA
30 to 45 days 3.50 3.50 NA NA NA NA
-04 211

46 to 60 days NA NA NA NA
4.50 4.50 6.25 5.50
61 to 90 days
91 to 179 days 5.50 5.50 6.50 5.50 NA NA NA NA
5

180 to 270 NA NA NA NA
6.25 6.25 6.65 6.25
days
271 D to 299 D 6.50 6.50 NA NA NA NA
300 D 7.05 6.50 6.75 6.50 NA NA NA NA
301 D to 302 D 6.50 6.50 NA NA NA NA
10

303D** 7.00 6.40 7.00 6.40 NA NA NA NA

304D to < 1 yr 6.50 6.50 6.75 6.50 NA NA NA NA
1 yr 6.80 6.80 7.25 6.80 6.80 6.80 7.25 6.80
>1yr to 389 D 6.80 6.80 6.80 6.80
390 D 6.80 7.10 6.80 6.80 6.80 7.10 6.80 6.80
391D-399D 6.80 6.80 6.80 6.80
400 D 7.25 6.80 6.80 6.80 7.25 6.80 6.80 6.80
400 D to 505 D 6.80 6.80 6.80 6.80 6.80 6.80 6.80 6.80
506D** 6.70 6.70 6.70 6.70 6.70 6.70 6.70 6.70
507D-2yr 6.80 6.80 6.80 6.80 6.80 6.80 6.80 6.80
>2-3 yr 7.00 6.75 6.50 6.50 7.00 6.75 6.50 6.50
>3yr-1203D 6.50 6.25 6.25 6.25 6.50 6.25 6.25 6.25
1204D** 6.40 6.15 6.15 6.15 6.40 6.15 6.15 6.15
1205D-5yr 6.50 6.25 6.25 6.25 6.50 6.25 6.25 6.25
>5yr-1894D 6.50 6.00 5.60 5.60 6.50 6.00 5.60 5.60

Page 2 of 5
ALM IRMD Cir. no. 06/2025 Interest Rate on Domestic Term Deposits (callable) & PNB UTTAM (Non-Callable)
(Confidential- Strictly for Internal Circulation only)
 पंजाब नैशनल बैंक
एकीकृत जोखिम प्रबंधन प्रभाग, प्रधान कार्ाालर्,
PUNJAB NATIONAL BANK
INTEGRATED RISK MANAGEMENT DIVISION- ASSET LIABILITY MANAGEMENT
HEAD OFFICE
1895D** 6.35 5.85 5.45 5.45 6.35 5.85 5.45 5.45
1896D-10yr 6.50 6.00 5.60 5.60 6.50 6.00 5.60 5.60

Single Domestic Term deposit under PNB UTTAM (Non- Callable) Fixed Deposit
Scheme” @ (for deposits above Rs. 1 Crore)
Domestic TD Domestic TD Super Senior
Senior Citizen*
Period >1 Crore to < Rs. 3cr to Rs. Citizen#
>1 Crore to <
Rs.3 cr. 10 cr. >1 Crore to <
Rs.3 cr.
Rs.3 cr.
Existing Revised Existing Revised Existing Revised Existing Revised
(% p.a.) (% p.a.) (% p.a.) (% p.a.) (% p.a.) (% p.a.) (% p.a.) (% p.a.)
01.01.25 10.04.25 01.03.25 10.04.25 01.01.25 10.04.25 01.01.25 10.04.25
91 to 179 days 5.55 5.55 7.05 5.55 6.05 6.05 6.35 6.35
180 to 270
6.30 6.30 7.30 6.30 6.80 6.80 7.10 7.10

:20
days
271 D to 299 D 6.55 6.55 7.30 6.55 7.05 7.05 7.35 7.35
300 D 7.10 6.55 7.30 6.55 7.60 7.05 7.90 7.35
25 7
301 D to 302 D 6.55 6.55 12
7.30 6.55 7.05 7.05 7.35 7.35
303D** 7.05 6.45 7.05 6.45 7.55 6.95 7.85 7.25
-20 35

304D to < 1 yr 6.55 6.55 7.30 6.55 7.05 7.05 7.35 7.35
1 yr 6.85 6.85 7.55 6.85 7.35 7.35 7.65 7.65
-04 211

>1yr to 389 D 6.85 6.85 7.35 7.35 7.65 7.65

390 D 6.85 7.15 6.85 6.85 7.35 7.65 7.65 7.95
391D-399D 6.85 6.85 7.35 7.35 7.65 7.65
400 D 7.30 6.85 6.85 6.85 7.80 7.35 8.10 7.65
5

401 D to 505 D 6.85 6.85 6.85 6.85 7.35 7.35 7.65 7.65
506D** 6.75 6.75 6.75 6.75 7.25 7.25 7.55 7.55
507D-2yr 6.85 6.85 6.85 6.85 7.35 7.35 7.65 7.65
>2-3 yr 7.05 6.80 6.55 6.55 7.55 7.30 7.85 7.60
>3yr-1203D 6.55 6.30 6.30 6.30 7.05 6.80 7.35 7.10
10

1204D** 6.45 6.20 6.20 6.20 6.95 6.70 7.25 7.00

1205D-5yr 6.55 6.30 6.30 6.30 7.05 6.80 7.35 7.10
>5yr-1894D 6.55 6.05 5.65 5.65 7.35 6.85 7.35 6.85
1895D** 6.40 5.90 5.50 5.50 7.20 6.70 7.20 6.70
1896D-10yr 6.55 6.05 5.65 5.65 7.35 6.85 7.35 6.85
* Senior Citizen- Age ≥ 60Year to < 80 Year, # Super Senior Citizen- Age 80 Year & above
**Four buckets’ of 303 days, 506 days, 1204 days & 1895 days have been specifically
identified under the PNB Palaash scheme.

➢ The rates for Rs.3 Cr. to Rs.10 Cr. are not to be loaded with additional rate of interest
for Sr. Citizens, staff accounts, etc.
➢ Senior citizens of age 60 years and above to below 80 years shall get an additional
rate of interest of 50 bps over applicable card rates for a period up to 5 years and
80bps for a period above 5 years on domestic deposits of less than Rs. 3 Crore. In
case of retired staff members who are also Senior Citizens, maximum rate of interest

Page 3 of 5
ALM IRMD Cir. no. 06/2025 Interest Rate on Domestic Term Deposits (callable) & PNB UTTAM (Non-Callable)
(Confidential- Strictly for Internal Circulation only)
 पंजाब नैशनल बैंक
एकीकृत जोखिम प्रबंधन प्रभाग, प्रधान कार्ाालर्,
PUNJAB NATIONAL BANK
INTEGRATED RISK MANAGEMENT DIVISION- ASSET LIABILITY MANAGEMENT
HEAD OFFICE
to be allowed over applicable card rate shall be 150 bps for a period up to 5 years
and 180bps for period above 5 years.

➢ Super Senior Citizens of age 80 years & above shall get an additional rate of interest
of 80 bps over applicable card rate across all maturity buckets. In case of retired
staff members who are also Super Senior Citizens, maximum rate of interest to be
allowed over applicable card rate shall be 180 bps over applicable card rate across
all maturity buckets.

➢ In case of PNB Tax Saver Fixed deposit scheme, staff members as well as retired
staff members (including Senior as well as Super Senior Citizens), maximum rate
of interest to be allowed over applicable card rate is 100 bps.

➢ @For all other operative guidelines regarding “PNB Uttam Fixed Deposit Scheme”
(Non- Callable), Retail Banking Division (Resources) Circular no. 15/2020 dated

:20
30.03.2020, BA & RM DIVISION Circular no 32/2023 dated 31.10.2023 or as
amended, and subsequent guidelines regarding the scheme may be referred to.
25 7
12
➢ $ For all other terms and conditions regarding NRE/NRO Term Deposits, operative
International Banking Division (IBD) circulars may be referred to.
-20 35

➢ Deposit shall be accepted for maturity up to 10 years only. But under

-04 211

Regulatory/Statutory/Enforcement/Other Legal Agencies/Court Orders, deposit for

tenor more than 10 years can be accepted and the rate of interest applicable on
deposits of tenor 10 years shall be applied on the same.
5

1. All other interest rates shall remain unchanged.

2. The revised interest rates will be applicable to fresh Deposits and renewal of
existing deposits with effect from 10.04.2025.
10

3. The interest table for PNB Tax Saver Fixed deposit scheme is enclosed as
Annexure-A

4. All Incumbents are advised to note the above-mentioned interest rates for
compliance and conspicuously display the rates at the branch premises.

GENERAL MANAGER
(RAJNISH KUMAR)

Index-
➢ Interest rates under PNB Tax Saver Fixed Deposit Scheme (Annexure-A).

Page 4 of 5
ALM IRMD Cir. no. 06/2025 Interest Rate on Domestic Term Deposits (callable) & PNB UTTAM (Non-Callable)
(Confidential- Strictly for Internal Circulation only)
 पंजाब नैशनल बैंक
एकीकृत जोखिम प्रबंधन प्रभाग, प्रधान कार्ाालर्,
PUNJAB NATIONAL BANK
INTEGRATED RISK MANAGEMENT DIVISION- ASSET LIABILITY MANAGEMENT
HEAD OFFICE
ANNEXURE “A”
“PNB TAX SAVER FIXED DEPOSIT SCHEME” with effect from 10.04.2025

Public Sr. Citizen Retired Staff*

Staff Members
(General) (General) (Sr. Citizen)
Existing Revised Existing Revised Existing Revised Existing Revised
(% p.a.) (%p.a.) (% p.a.) (%p.a.) (% p.a.) (%p.a.) (% p.a.) (%p.a.)
10.06.2024 10.04.2025 10.06.2024 10.04.2025 10.06.2024 10.04.2025 10.06.2024 10.04.2025
5 Years 6.50 6.25 7.00 6.75 7.50 7.25 7.50 7.25
>5yr-
6.50 6.00 7.00 6.50 7.50 7.00 7.50 7.00
1894D
1895D 6.35 5.85 6.85 6.35 7.35 6.85 7.35 6.85
>1895D

:20
to 10 6.50 6.00 7.00 6.50 7.50 7.00 7.50 7.00
years
*Note: In case of staff members as well as retired staff members who are also Senior Citizens,
25 7
12
maximum rate of interest to be allowed is 100 bps over the applicable card rates.
-20 35
-04 211
5
10

Page 5 of 5
ALM IRMD Cir. no. 06/2025 Interest Rate on Domestic Term Deposits (callable) & PNB UTTAM (Non-Callable)
(Confidential- Strictly for Internal Circulation only)