PNB RD Calculator

PNB RD Calculator

The PNB RD Calculator helps you estimate the maturity amount and total interest earned on your monthly investments in a Recurring Deposit (RD) with Punjab National Bank (PNB). Whether you’re saving for short-term goals or building long-term wealth through consistent contributions, this tool provides clear, reliable projections.

What Is a PNB Recurring Deposit?

A Recurring Deposit (RD) with Punjab National Bank allows you to invest a fixed amount every month for a chosen tenure and earn interest at a predetermined rate. It’s a secure and disciplined savings option for conservative investors.

Key Features

• Tenure: 6 months to 10 years
• Minimum deposit: ₹100 per month
• Interest rate: Ranges from 6.00% to 7.25% p.a., based on tenure and customer profile
• Senior citizen benefit: Additional 0.50% p.a. interest
• Compounding frequency: Quarterly
• Taxation: Interest is taxable; TDS applies if annual interest exceeds ₹40,000 (₹50,000 for senior citizens)

How the PNB RD Calculator Works

Inputs Required

• Monthly deposit amount
• Tenure (in months or years)
• Applicable interest rate (p.a.)

Formula Used

Maturity Amount = P × [(1 + r/n)nt – 1] / (1 – (1 + r/n)–1/3)

• P: Monthly deposit
• r: Annual interest rate (decimal)
• n: Number of compounding periods per year (typically 4)
• t: Tenure in years

Output Provided

• Total amount invested
• Total interest earned
• Maturity value at the end of the tenure

Example

If you invest ₹5,000 per month in a PNB RD for 3 years at 7% interest:

• Total investment = ₹1.8 lakh
• Interest earned ≈ ₹20,850
• Maturity amount ≈ ₹2.01 lakh

Benefits of Using the PNB RD Calculator

• Accurate Estimates: Quickly calculate maturity and interest
• Goal Planning: Plan savings for specific financial needs
• Flexible Comparison: Evaluate multiple tenures and rates
• Inclusive Use: Suitable for both regular and senior citizen investors

Disclaimer : The results given by the above calculator are for illustration purpose only. They are often based on a number of assumptions. The results given are in no way any guarantee of the returns that will be given. Investments in stock markets and securities markets are subject to market risks and other risks. There is no guarantee of the return that will be actually given. Investment in other financial products may also be subject to market risks and other risks. There is no guarantee of the returns that will be given by them. The calculator also does not make any recommendation directly or indirectly. Please consult a registered Financial Advisor before taking any investment decision.