PNB 666-Day FD: Is Your 7.30% Rate Locked In?

PNB's 666-day fixed deposit offers 6.50% for regular customers, 7.00% for seniors, and 7.30% for super-seniors above 80. But TDS rules and DICGC limits can quietly eat into what you actually take home.

Here's what happened: PNB's 666-day fixed deposit currently offers 6.50% per annum for regular depositors, 7.00% for senior citizens (60–79 years), and 7.30% for super-senior citizens aged 80 and above.. Interest earned above ₹40,000 per year (₹50,000 for seniors) attracts 10% TDS under Section 194A; depositors with income below the taxable limit must submit Form 15G or 15H to avoid the deduction.. DICGC guarantees up to ₹5 lakh per depositor per bank — covering both principal and accrued interest — so large deposits beyond this ceiling carry uninsured risk if the bank faces financial stress..

What you should do: Submit Form 15G (below 60) or Form 15H (senior/super-senior) to PNB before your first interest credit date to stop unnecessary TDS deductions on your FD earnings.. Check your total FD balance across all PNB accounts — if principal plus expected interest at maturity crosses ₹5 lakh, split the deposit across a second bank to stay within DICGC cover.. Confirm your age category in writing at the branch or via PNB's net banking while booking — the higher senior or super-senior rate is applied only if the bank has your DOB on record at booking time..

If you're just under 60 and your birthday falls within the 666-day FD window, book after your birthday — PNB applies the senior rate from day one, adding up to ₹2,500 more on a ₹5 lakh deposit.