| TENURE | REGULAR RATES | SENIOR CITIZEN |
| 7 to 14 days | 3.50% | 4.00% |
| 15 to 29 days | 3.50% | 4.00% |
| 30 to 45 days | 3.50% | 4.00% |
| 46 to 90 days | 4.50% | 5.00% |
| 91 to 179 days | 4.50% | 5.00% |
| 180 to 270 days | 6.25% | 6.75% |
| 271 days to 299 days | 6.50% | 7.00% |
| 300 days | 7.05% | 7.55% |
| 301 days to less than 1 year | 6.50% | 7.00% |
| 1 year | 6.80% | 7.30% |
| Above 1 year to 399 days | 6.80% | 7.30% |
| 400 days | 7.25% | 7.75% |
| 401 days to 2 years | 6.80% | 7.30% |
| Above 2 years to 3 years | 7.00% | 7.50% |
| Above 3 years to 1203 days | 6.50% | 7.00% |
| 1204 days | 6.40% | 6.90% |
| 1205 days to 5 years | 6.50% | 7.00% |
| Above 5 years to 1894 days | 6.50% | 7.30% |
| 1895 days | 6.35% | 7.15% |
| 1896 days to 10 years | 6.50% | 7.30% |
PNB Annuity Term Deposit Scheme For Victims Of Road Accidents
The Annuity Term Deposit Scheme for Victims of Road Accidents is a financial aid program designed to provide regular income to individuals who have suffered injuries in road accidents. This scheme aims to offer financial stability and support to road accident victims over a period of time, easing their recovery and adjustment to life post-accident.
Returns as high
as 7.1%*
Includes life cover
Completely Tax free+
as 7.1%*
Includes life cover
Completely Tax free+
Maximum returns Offered by
Guaranteed
Highest
7.1%*
Guaranteed Plan
(by insurance companies)
(10 Years)
6.5%**
Fixed Deposits
(by SBI bank)
(5-10 Years)
7.1%***
Public Provident Fund
(other popular options)
(15 Years)
Get Guaranteed returns up to 7.1%*
Fully Tax-Free* (unlike FD), Life Cover Included
- Home
- FD Interest Rates
- PNB FD Interest Rates
- PNB Annuity Term Deposit Scheme For Victims Of Road Accidents
FD Interest Rates of Domestic/NRO (Below Rs. 3 Crore) W.E.F. 10.06.2024
People also read: PNB FD Interest Rates
FD Interest Rates of Domestic/NRO (Rs. 3 Crore and Above) W.E.F. 10.06.2024
| Period | Revised Rates For General Citizen W.E.F. 10.06.2024 (%) |
| 7 days to 14 days | 6.00 |
| 15 days to 29 days | 6.00 |
| 30 days to 45 days | 6.00 |
| 46 days to 60 days | 6.40 |
| 61 days to 90 days | 6.60 |
| 91 to 179 days | 6.50 |
| 180 days to 270 Days | 6.65 |
| 271 days to 299 Days | 6.75 |
| 300 Days | 6.75 |
| 300 Days to < 1 Year | 6.75 |
| 1 Year | 7.25 |
| > 1 Year to 399 Days | 6.80 |
| 400 days | 6.80 |
| 401 days to 2 years | 6.80 |
| > 2 year to 3 years | 6.50 |
| > 3 year to 1203 days | 6.25 |
| 1204 days** | 6.15 |
| 1205 days to 5 years | 6.25 |
| > 5 years to 1894 days | 5.60 |
| 1895 days** | 5.45 |
| 1896 days to 10 years | 5.60 |
Comparison Between
Guaranteed Return Plans
Returns Before Tax
7.5% (TAX-FREE)
Returns After Tax
7.5%
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
Still Better than FD’s and Debt Mutual Fund
Fixed Deposits
Returns Before Tax
7% (TAXABLE)
Returns After Tax
4.8%
Guaranteed Returns
Yes
Life Cover
No
Tax on Profit
Taxable
Risk
Low Risk
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
Returns After Tax
5.5%
Guaranteed Returns
No
Life Cover
No
Tax on Profit
Taxable
Risk
High Risk
*For annual premium upto ₹5 Lacs
What is the Annuity Term Deposit Scheme For Victims Of Road Accidents?
The Annuity Term Deposit Scheme for Victims of Road Accidents is a financial tool to help those who have received compensation from a court or tribunal after a road accident. It takes a lump sum amount and converts it into a predictable source of income. Imagine receiving the compensation in regular monthly installments, rather than a single large amount. This scheme lets you do it by depositing the award amount into a fixed deposit with a special payout structure. The deposit earns interest, and you get a portion of the principal and interest combined paid out to you each month. This can be a much more manageable way to use the compensation, especially for long-term financial security.
Features of Annuity Term Deposit Scheme For Victims Of Road Accidents
Here are the key features of Motor Accident Claims Annuity Deposit:
-
Purpose:
-
Convert a lump sum compensation amount into a steady stream of income.
-
You receive the money in EMIs that include a portion of the principal amount and interest earned.
-
-
Eligibility:
-
Open to individuals, including minors, through their legal guardians.
-
Only single account holders are allowed.
-
-
Deposit Amount:
-
No upper limit on the deposit amount.
-
Minimum deposit is determined by the desired monthly payout (Rs. 1,000 minimum) for the chosen tenure.
-
-
Tenure:
-
The deposit term ranges from 36 to 120 months (3 to 10 years).
-
Deposits exceeding 120 months can be made only with court approval.
-
-
Rate of Interest:
-
You will earn interest at the prevailing rate applicable to your chosen tenure.
-
-
Loan Facility:
-
Loans or advances are not allowed against this deposit.
-
-
Nomination:
-
You can nominate a beneficiary as per court directives. This ensures the money goes to your designated person in case of your passing.
-
-
Premature Closure:
-
Early withdrawal of funds typically requires court permission.
-
-
Tax Deducted at Source (TDS):
-
Interest earned on the deposit is subject to TDS as per income tax regulations.
-
People also read: FD Interest Rates
Annuity Term Deposit Scheme For Victims Of Road Accidents Savings Bank Account (MACT Claims Saving Bank Account)
-
Balance Requirements: No minimum or maximum balance is requiredÂ
-
Interest Rate: Applicable as per the savings bank accounts.Â
-
Cheque Book/Debit Card/ATM Card/Welcome Kit/Internet Banking/Mobile Banking Facility: Not applicable.
FD interest rates India have fallen consistently over the last 12 years.
PNB Uttam (Non-Callable) Fixed Deposit Scheme Rates W.E.F. 10.06.2024
| Period | Rates For General Citizen W.E.F. 10.06.2024 (%) |
| 7 days to 14 days | NA |
| 15 days to 29 days | NA |
| 30 days to 45 days | NA |
| 46 days to 60 days | NA |
| 61 days to 90 days | NA |
| 91 to 179 days | 6.55 |
| 180 days to 270 Days | 6.70 |
| 271 days to 299 Days | 6.80 |
| 300 Days | 6.80 |
| 300 Days to < 1 Year | 6.80 |
| 1 Year | 7.30 |
| > 1 Year to 399 Days | 6.85 |
| 400 days | 6.85 |
| 401 days to 2 years | 6.85 |
| > 2 year to 3 years | 6.55 |
| > 3 year to 1203 days | 6.30 |
| 1204 days** | 6.20 |
| 1205 days to 5 years | 6.30 |
| > 5 years to 1894 days | 5.65 |
| 1895 days** | 5.50 |
| 1896 days to 10 years | 5.65 |
People also read: Which Bank is Best for Fixed Deposit
PNB Tax Saver Deposit Scheme W.E.F. 12.04.2024
| Rates For General Citizens (%) | Rates For Sr. Citizen (%) | |
| 5 Years | 6.50 | 7.00 |
| > 5 Years to 1894 days | 6.50 | 7.00 |
| 1895 days | 6.35 | 6.85 |
| 1895 days to 10 years | 6.50 | 7.00 |
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*All savings are provided by the insurer as per the IRDAI approved
insurance plan. Standard T&C Apply
+ Trad plans with a premium above 5 lakhs would be taxed as per
applicable tax slabs post 31st march 2023
#Discount offered by insurance company
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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