PNB Recurring Deposit Calculator 2025

PNB RD Interest Rates

Tenure	Interest Rates (% p.a.)
Regular Citizens	Senior Citizens*	Super Senior Citizens*
180 to 270 days	6.00	6.50	6.80
271 days to 299 days	6.25	6.75	7.05
300 days	7.05	7.55	7.85
301 days to less than 1 year	6.25	6.75	7.05
1 year	6.75	7.25	7.55
Above 1 year to 399 days	6.80	7.30	7.60
400 days	7.25	7.75	8.05
401 days to 2 years	6.80	7.30	7.60
Above 2 years and up to 3 years	7.00	7.50	7.80
Above 3 years and up to 5 years	6.50	7.00	7.30
Above 5 years and up to 10 years	6.50	7.30	7.30

Note: The additional interest rates for senior citizens do not apply to NRO (Non-Resident Ordinary) deposits. Do note that the individuals aged 60 years and above fall under the senior citizens category and individuals aged 80 years and above fall under the super senior citizens category. 

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How to Calculate Maturity Using the PNB RD Calculator

You can easily calculate your maturity amount by entering details like tenure, monthly investment amount, and the rate of interest rate into the PNB RD calculator.

Your compound interest on a recurring deposit with PNB is added after the first quarter has been completed.

Quarter 1- April to June

Quarter 2- July to September

Quarter 3- October to December

Quarter 4- January to March

The formula which is used for calculating the recurring deposit interest rate

M=R[(1+i) (n-1)]/1-(1+i)(-1/3))

1. M is the maturity value
2. R represents the monthly Installment
3. i is the rate of interest divided by 4
4. n is the tenure (in quarters)

Here is an example to give you a better understanding:

Let us assume that you open an RD account with PNB and your monthly deposit is Rs.2,000 for a period of 2 years. The interest rate offered by the bank is 7%. Let us now put these values into the formula:

M = 2000[(1+7/400)(8-1)]/1-(1+7/400)(-1/3)

M = Rs. 51,640

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Factors That Affect Your RD Earnings

Tenure	The time period for which you invest your money will affect the interest rate of your recurring deposit.
Age	A lot of financial institutions and banks offer customers a higher interest rate to senior citizens. If you are a senior citizen, you can earn 0.50% to 0.75% additional interest.
Current Economic Environment	The interest rates provided by banks on their recurring deposits depend on the changes in the economic environment. Factors like inflation will affect the interest rate.
Repo Rate	The repo rate is the rate at which the commercial banks borrow from the Reserve Bank of India (RBI). A reduction in the repo rate will mean that the banks will reduce their interest rate for recurring deposits.

Know -  PNB FD Calculator  

Why Choose PNB RD Calculator?

1. You do not have to carry out any hefty and complicated calculations for finding out the maturity value of your recurring deposit.
2. Get quick results with just a few clicks.
3. This is an easy-to-use online tool and you can use it multiple times.

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FAQs on PNB RD Calculator

• What is the minimum amount of deposit I should put in for opening a recurring deposit account with PNB?

  You should deposit a minimum of Rs.100 for opening a recurring deposit account with PNB.

• When will I get the interest on my PNB recurring deposit account?

  If there is a periodic payout option that has been determined by you, the bank will transfer the interest amount that you have accumulated over the tenure to your bank account.

• What will be the highest interest rate offered by PNB on my recurring deposit?

  You can earn a maximum interest rate of 5.80% on a recurring deposit with PNB.

• How does the PNB RD Calculator work?

  The PNB RD Calculator, which stands for Punjab National Bank Recurring Deposit Calculator, functions by allowing users to input key details such as the monthly investment amount, tenure, and interest rate. It then computes the interest earned on the principal amount invested in a Punjab National Bank recurring deposit account over the chosen tenure. 

• What details are required to use the PNB RD Calculator?

  To utilize the PNB RD Calculator effectively, you need to provide essential information including the monthly investment amount, tenure (duration of the RD), and the prevailing interest rate offered by Punjab National Bank for recurring deposits. 

• Can I calculate the maturity amount for different tenures using the PNB RD Calculator?

  Yes, the PNB RD Calculator facilitates the calculation of the maturity amount for varying tenures. Users can input different durations to determine the maturity value of their recurring deposit investments with Punjab National Bank. 

• Is the interest rate fixed or variable in the PNB RD Calculator?

  The interest rate used in the PNB RD Calculator is typically fixed based on the prevailing rates offered by Punjab National Bank for recurring deposits. However, it's important to note that these rates may be subject to change over time. 

• Are there any fees or charges associated with using the PNB RD Calculator?

  No, there are no fees or charges associated with using the PNB RD Calculator. It's a free online tool provided by Punjab National Bank to help customers estimate the interest earnings and maturity value of their recurring deposit investments. 

• How to Calculate PNB Maturity Amount using PNB RD Calculator?

  Calculating the maturity amount using the PNB RD Calculator is straightforward. You simply input key details such as the monthly investment amount, tenure, and interest rate, and the calculator instantly provides you with the maturity amount. 

• What is the formula to calculate the maturity value of your recurring deposit using the PNB RD Calculator?

  The formula used for calculating the maturity value on your recurring deposit, as employed by the PNB RD Calculator, involves compounding interest after each quarter. The formula incorporates factors such as the monthly investment amount, tenure, and interest rate to determine the final maturity amount. 

• What factors affect RD earnings according to the PNB RD Calculator?

  According to the PNB RD Calculator, several factors influence RD earnings, including the chosen tenure, depositor's age (with senior citizens often receiving higher interest rates), the current economic environment (including inflation and repo rate changes), and any updates in the interest rates by Punjab National Bank. 

• What are the benefits of using the PNB RD Calculator?

  The PNB RD Calculator offers several benefits, including ease of use, accurate calculations of interest and maturity amounts, the ability to explore different tenure options, and no associated fees or charges. It provides customers with a convenient tool to plan and manage their recurring deposit investments with Punjab National Bank. 

• How does the PNB RD Calculator help investors in financial planning?

  The PNB RD Calculator assists investors in financial planning by allowing them to estimate the potential returns on their recurring deposit investments with Punjab National Bank. By inputting various parameters such as investment amount and tenure, investors can make informed decisions about their savings goals and future financial commitments.