PNB FD Calculator

Estimate your fixed deposit maturity with real-time quarterly compounding

Deposit Amount

₹10 Thousand ₹1 Crore

Interest Rate (p.a)

3% 12%

Tenure (Compounded Quarterly)

1 Year 20 Years

Maturity Amount

Deposit Amount

Interest Earned

Total at Maturity

Interest assumed compounded quarterly. Your bank’s actual rate depends on tenure and its current rate card.

About the PNB FD Calculator

Punjab National Bank (PNB) is one of the oldest public sector banks in India and offers term deposits across tenures from 7 days to 10 years. PNB FD interest compounds quarterly, and the bank generally offers extra rate benefits for senior citizens and staff. This PNB FD calculator helps you estimate the maturity amount before booking.

What is an FD Calculator?

An FD calculator estimates the maturity amount of a fixed deposit from three inputs: the deposit amount, the annual interest rate, and the tenure. Banks in India compound fixed deposit interest quarterly on most schemes, which means interest earns interest every quarter and the effective yield is slightly higher than the quoted rate.

How Does the PNB FD Calculator Work?

The calculator uses the compound interest formula with quarterly compounding:

A = P x (1 + r/4/100)^(4 x t)

A is the maturity amount.
P is the deposit amount.
r is the annual interest rate.
t is the tenure in years.

Example

For a deposit of Rs. 1,00,000 for 5 years at an assumed 6.8% per year compounded quarterly, the maturity value works out to about Rs. 1,40,094, which includes roughly Rs. 40,094 in interest. Your actual rate depends on the current rate card for your tenure, so treat this as an illustration.

Estimated growth of Rs. 1,00,000 at an assumed 6.8% rate

Maturity Value
1 year	Rs. 1,06,975	Rs. 6,975
2 years	Rs. 1,14,437	Rs. 14,437
3 years	Rs. 1,22,420	Rs. 22,420
5 years	Rs. 1,40,094	Rs. 40,094
10 years	Rs. 1,96,263	Rs. 96,263

How to Use the PNB FD Calculator

Enter the deposit amount you plan to invest.
Enter the annual interest rate offered for your chosen tenure.
Set the tenure in years.
Read the estimated maturity value and total interest instantly.

Benefits of Using the PNB FD Calculator

Compare tenures and rates before locking your money.
See the effect of quarterly compounding on your deposit.
Plan laddered deposits across maturities with clear numbers.
Free, instant, and available without registration.

Frequently Asked Questions

Can I take a loan against my PNB fixed deposit?

Yes. Punjab National Bank offers overdraft or loan facilities against term deposits, usually up to 90% of the deposit value, so you can meet short term needs without breaking the FD.

How is FD interest calculated?

Most banks compound FD interest quarterly, so the formula is A = P x (1 + r/4/100)^(4t). Quarterly compounding adds a small yield advantage over simple interest at the same nominal rate, which the calculator reflects in the maturity value of Rs. 1,40,094.

Is FD interest taxable?

Yes. FD interest is added to your income and taxed at your slab rate. Banks deduct TDS when annual interest crosses the current threshold, which is higher for senior citizens under the latest budget rules. Submit Form 15G or 15H if your total income is below the taxable limit.

Can I withdraw my FD before maturity?

Yes, banks allow premature closure, but they pay interest at the rate applicable to the period the deposit actually stayed, often with a small penalty. Deposit insurance covers up to Rs. 5 lakh per depositor per bank through DICGC.

Disclaimer: The PNB FD Calculator provides estimates for educational purposes only and is not investment advice. Actual returns, rates, and charges depend on the product provider and market conditions. Verify details on the official website and consult a financial advisor before investing.

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