PNB Uttam - Non-Callable Deposit Scheme

The PNB Uttam FD is a specialized, non-callable deposit for larger deposits, ensuring the bank cannot prematurely withdraw the funds and guaranteeing the full agreed-upon interest rate and tenure. Rates generally range from 4.95% to 6.45% p.a. for general citizens, and 5.45% to 6.95% p.a. for senior citizens, an ideal choice for investors seeking rate certainty and stability on high-value deposits.

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Fixed Deposit

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4.0%^*

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Get Guaranteed returns upto 6.9%*

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PNB Uttam (Non-Callable) Fixed Deposit Scheme(above Rs. 1 Crore to less than Rs 3 Crore)

Period	General Public Interest Rates	Senior Citizens Interest Rates
91 to 154 days	4.95	5.45
155 days	5.60	6.10
156 days to 179 Days	4.95	5.45
180 Days to 270 Days	5.65	6.15
271 days to 302 days < 1 yr	5.65	6.15
303 days	5.60	6.10
304 days to >1 Years	5.65	6.15
1 Year	6.15	6.65
>1 Year to 389 Days	6.35	6.85
390 Days	6.45	6.95
391 Days to 2 years	6.35	6.85
> 2 years to 3 years	6.35	6.85
> 3 years to 1203 days	6.15	6.65
1204 days	6.10	6.60
1205 days to 5 years	6.15	6.65
> 5 years to 10 Years	6.05	6.85

PNB Uttam - Non-Callable Deposit Scheme interest rates w.e.f. February 02, 2026. You can also read the PNB FD interest rates.

PNB Uttam (Non Callable) Fixed Deposit Scheme (Rs. 3 Crore and Above)

Period	General Public Interest Rates
7 days to 14 days	NA
15 days to 45 days	NA
46 days to 90 days	NA
91 days to 154 days	5.05
155 days	5.60
156 to 179 days	5.05
180 days to 270 Days	5.85
271 days to 302 Days	6.05
303Days	6.00
304 Days to < 1 Year	6.05
1 Year	6.15
> 1 Year to 389 Days	6.20
390 Days	6.25
391 Days to 2 Years	6.20
>2-3 Years	6.10
>3 Years to 1203 Days	5.40
1204 Days	5.35
1205 days to 5 Years	5.40
1204 days	5.35
1205 days to 5 years	5.40
> 5 years to 10 Years	5.65

*PNB Uttam - Non-Callable Deposit Scheme interest rates w.e.f.February 02, 2026, Senior Citizens are not liable for any additional rates for deposits above 3 crore.

Features of PNB Uttam - Non-Callable Deposit Scheme

The PNB Uttam Non-Callable Fixed Deposit Scheme's central characteristic is that it is non-callable, meaning the bank is contractually prevented from withdrawing the funds before maturity, thereby guaranteeing the full interest rate and tenure initially agreed upon.

Minimum Deposit: This scheme requires a substantial minimum single deposit of above ₹1 Crore with subsequent amounts accepted in multiples of ₹1.
Eligibility: The scheme is widely accessible, catering to individuals (singly or jointly), minors (10 years), Proprietorship/Partnership Firms, HUFs, Associations, Trusts, and Government bodies.
Tenure: The typical tenure ranges from 91 days to 120 months (10 years) for deposits up to ₹10 Crore. Deposits exceeding ₹10 Crore have shorter maximum tenures.
Interest Options: Depositors can choose between two main options:
- Income Option (Non-Cumulative): Interest is paid out regularly (monthly at a discounted value, or quarterly, half-yearly, or yearly).
- Maturity Option (Cumulative): Interest is compounded quarterly and paid out along with the principal only upon the maturity of the deposit.
Liquidity: The non-callable nature enforces strict restrictions on liquidity. No premature or partial withdrawals are permitted, with the only exceptions being extreme circumstances such as the depositor's death, bankruptcy, or specific court/regulatory directions.
Advances: The scheme does allow for an OD or loan facility against the FD, subject to the bank's existing guidelines and discretion.

Eligibility Criteria for PNB Uttam - Non-Callable Deposit Scheme

The PNB Uttam Non-Callable FD Scheme is available to a broad range of depositors, including:

Individuals: Both singly and jointly.
Minors: Those aged 10 years and above.
Business Entities: Proprietorship/Partnership Firms, Commercial Organizations, Company/Corporate Bodies.
Other Entities: Hindu Undivided Families (HUF), Associations, Clubs, Societies, Trusts, Religious/Charitable, or Educational Institutions.
Government/Quasi-Government Bodies: Including Municipalities and Panchayats.
Special Categories: Illiterate and blind persons are also eligible to open an account.

Conclusion

The PNB Uttam Non-Callable Deposit Scheme offered by PNB guarantees the investor the full interest rate and tenure. The interest rates range from 4.95% to 6.45% p.a for the general public and 5.45% to 6.95% for senior citizens. While premature withdrawal is highly restricted, the deposit can typically be used as collateral for a loan or overdraft facility with a minimum single deposit of above ₹1 Crore, with subsequent amounts accepted in multiples of ₹1.

FAQs

What is the interest rate for PNB Uttam - Non-Callable Deposit Scheme?

The PNB Uttam - Non-Callable Deposit Scheme interest rate starts from from 4.95% to 6.45% p.a. for general citizens, and 5.45% to 6.95% p.a. for senior citizens for deposits of 1 crore to less than 3 crore.
Is PNB Uttam FD Non-Callable?

Yes, the PNB Uttam scheme is non-callable. This means that once the deposit is made for the chosen tenure, the bank cannot prematurely call it back or close it. This feature is a guarantee to the investor, assuring them of the full agreed-upon interest rate and tenure.
Can we take a loan against a non-callable FD?
Yes, generally you can take a loan or an overdraft facility against a non-callable FD. While the bank is restricted from prematurely withdrawing the funds, the deposit itself remains a valuable asset. Therefore, banks often permit the use of non-callable FDs as collateral for both:
- Fund-Based Loans: Such as a Demand Loan.
- Non-Fund-Based Loans: Such as an Overdraft Facility.
The maximum loan amount and specific terms will depend entirely on the bank's internal lending policies and the principal value of the FD.