PNB FD Scheme: For many people, the first thought that comes to mind when they think of safe investment is a Fixed Deposit (FD). It’s simple it’s guaranteed and you don’t need to worry about daily ups and downs like in the stock market. Among different banks, Punjab National Bank (PNB) continues to be a trusted name for families who want security along with steady growth. Now here’s the real question if you put ₹5 lakh in a PNB FD, how much will it grow? The answer is impressive at maturity, you’ll receive nearly ₹6,81,770. Let’s break down how this works.
How PNB FD Works
An FD is like a deal with the bank. You give them a fixed amount for a fixed period, and in return, they promise you interest at a fixed rate. PNB offers different FD tenures, but if you choose a 5-year FD, you lock in your money at the prevailing interest rate. Currently, PNB provides around 7.25% per annum (compounded quarterly) for long-term deposits. That means your ₹5 lakh keeps multiplying quietly every three months.
Read more: Post Office RD Scheme: Invest ₹20k Today, Get ₹14.27 Lakh in 5 Years
Calculation of ₹5 Lakh in PNB FD
| Deposit Amount | Tenure | Interest Rate | Maturity Amount | Total Interest Earned |
|---|---|---|---|---|
| ₹5,00,000 | 5 Years | 7.25% (Quarterly Compounded) | ₹6,81,770 | ₹1,81,770 |
So, you invest ₹5 lakh, and in five years, you get back nearly ₹6.82 lakh. That extra ₹1.81 lakh is your reward for trusting your money with PNB.
Why Families Prefer FD Over Risky Options
Not everyone wants to take chances with shares or mutual funds. For many middle-class households, FDs feel like a safe box where money not only stays protected but also grows. Retired parents often choose FD because they want peace of mind, not stress about market crashes. Think of FD as planting money in the soil of a strong tree (PNB). You don’t water it daily, yet when the season ends, you find the tree has grown and given you extra fruit in this case, guaranteed interest.
Conclusion
The PNB Fixed Deposit scheme is perfect for those who value safety and steady growth. By investing ₹5 lakh, you can build a maturity fund of nearly ₹6,81,770 in 5 years. It’s simple, risk-free, and a reliable way to strengthen your financial future.
Disclaimer
This article is for educational and general knowledge purposes only. FD interest rates change from time to time depending on bank policies. Please verify the latest rates from Punjab National Bank’s official sources or consult a financial advisor before investing.
