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Wednesday, 31 March 2021

PNB launches 'Excellent Fixed Deposit' scheme, find out how much interest is being earned


FD Scheme:PNB launches 'Excellent Fixed Deposit' scheme, find out how much interest is being earned





FD can be done from 7 days to 10 years

5.35 per cent interest for 5 to 10 years and 6.09 per cent interest for senior citizens.
Even today for many people the first option for savings is bank FD. As such, it is one of the safest investment options. Even though interest rates on FDs have dropped in recent times, they are still popular. In such a scenario, many banks have raised interest rates on fixed deposits at this time. Along with that many banks have also launched new FD schemes. Punjab National Bank (PNB), the second largest bank in the country in terms of consumer interest in FDs, has come up with a special FD scheme.

FD can be done from 7 days to 10 years FD can be done in

banks from 7 days to 10 days. It is up to the customers to make short or long term FDs as per their convenience to suit short term or long term financial goals.

PNB Uttam Fixed Deposit The

specified annual FD rate is from PNB's non-collapsible FD scheme 'Uttam Fixed Deposit Scheme'. Term deposits of more than Rs 15 lakh but less than Rs 2 crore can be made in this scheme. This rate is applicable from January 1, 2021.
ગુજરાતીમાં વાન્ચવામાટે અહીંયા ક્લિક કરો 

Interest rate

4.05 per cent for 91-179 day period, 4.05 per cent for senior citizens
4.45 per cent for 180-270 day period, 4.47 per cent for senior citizens
275 to 4.55 per cent for periods less than 1 year, 4.60 per cent for senior citizens
5.25 per cent for 1 year period, 5.35 per cent for senior citizens
5.25 per cent for 1 to 2 years, 5.35 per cent for senior citizens
5.25 per cent for a period of 2 years to 3 years, 5.50 per cent for a senior citizen
5.35 per cent for periods ranging from 3 to 5 years, 5.76 per cent for senior citizens
5.35 per cent for periods ranging from 5 to 10 years, 6.09 per cent for senior citizens

Maturity Period The maturity period of

PNB Excellent Fixed Deposit is 91 days to 120 months.

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