Punjab National Bank has rolled out a new 271-day Fixed Deposit scheme, and it is quickly gaining attention among conservative investors looking for higher returns in a short tenure. At a time when savers want safety without locking money away for years, this limited-tenure FD offers a practical balance between return, liquidity, and trust.
For investors tracking special FD windows, this launch is worth immediate attention.
What Is the PNB 271-Day Fixed Deposit Scheme
The 271-day FD is a special short-term deposit introduced by Punjab National Bank. Unlike standard 1-year or multi-year deposits, this scheme is designed for investors who want to earn higher interest within less than one year.
Once booked, the interest rate remains fixed till maturity, protecting investors from future rate fluctuations.
Latest Interest Rates Offered Under the 271-Day FD
PNB has positioned this scheme with attractive interest rates compared to regular short-term FDs. Senior citizens receive an additional rate benefit, making it especially appealing for retirees and conservative savers.
The exact rate depends on the category of investor and prevailing bank notifications, but it is higher than most savings accounts and comparable short-term deposits.
Why PNB’s 271-Day FD Is Gaining Popularity
Short-tenure special FDs are popular because they allow investors to earn better returns without long lock-ins. With interest rates expected to remain uncertain, many savers prefer such schemes to reassess options at maturity.
This FD suits investors who want to park surplus funds safely while earning predictable returns.
Who Should Consider This FD Scheme
This scheme is ideal for salaried individuals with short-term surplus, senior citizens seeking stable income planning, retirees avoiding market risk, and investors waiting to reinvest in long-term options later.
It also fits well for those who do not want to commit funds for multiple years.
Key Benefits of the PNB 271-Day FD Scheme
• Short 271-day tenure with higher interest than regular FDs, fixed returns with zero market risk, extra interest benefit for senior citizens, backed by a public sector bank, and suitable for short-term financial planning.
PNB 271-Day FD Scheme Snapshot
| Feature | Details |
|---|---|
| Tenure | 271 days |
| Deposit Type | Fixed Deposit |
| Risk Level | Very low |
| Interest | Higher than regular short-term FD |
| Eligibility | General & Senior Citizens |
| Issuer | Punjab National Bank |
Premature Withdrawal and Tax Rules
Premature withdrawal is allowed as per PNB’s standard FD rules, usually with a small penalty on interest. Interest earned is taxable under income tax laws, and TDS may apply if interest crosses the applicable threshold.
Investors should consider post-tax returns while planning.
Why This Scheme Matters Right Now
With market volatility and uncertain rate cycles, short-term high-interest FDs provide clarity and peace of mind. The 271-day tenure allows investors to benefit from current rates without long-term commitment, making it a smart parking option in 2025.
For risk-averse investors, such schemes remain one of the safest choices.
Conclusion: The PNB 271-Day Fixed Deposit Scheme stands out as a timely opportunity for investors seeking safe, short-term, and higher returns. Backed by Punjab National Bank’s credibility, this FD offers predictable income, flexibility, and security. For those looking to grow idle funds without market exposure, this scheme deserves serious consideration.
Disclaimer: Interest rates, tenure availability, and scheme terms are subject to change as per bank policy. Investors should verify the latest rates and conditions with PNB before investing.