PNB Capital Gain Account Scheme

PNB Capital Gain Account Scheme is a special deposit program offered by Punjab National Bank (PNB) to help you manage capital gains tax efficiently. When you sell an asset like property or stocks for a profit, you incur capital gains tax. This scheme allows you to deposit the capital gains amount into a fixed deposit account.

Returns as high
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

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FD Interest Rates of Domestic/NRO (Below Rs. 3 Crore) W.E.F. 10.06.2024

TENURE	REGULAR RATES Current 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%

Comparison Between

Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund

Guaranteed Return Plans, Fixed Deposits &
Debt Mutual Fund

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

Tax on Profit

Taxable

Risk

Low Risk

Debt Mutual Fund

Returns Before Tax

8% ^(TAXABLE)

Returns After Tax

5.5%

Guaranteed Returns

Life Cover

Tax on Profit

Taxable

Risk

High Risk

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*For annual premium upto ₹5 Lacs

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

Features of PNB Capital Gain Account Scheme

Deposit Amount: The Capital Gain Term Deposit account under PNB can be opened with a minimum deposit of Rs. 1,000. Subsequent deposits can be made in multiples of Re. 1, with no upper limit on the maximum amount that can be deposited.
Period of Deposit

Maximum Tenor
- 24 Months: For capital gains under sections 54, 54B, and 54F of the Income Tax Act (as declared in Form A by the depositor).
- 36 Months: For capital gains under sections 54, 54D, 54F, 54G, and 54GB of the Income Tax Act (as declared in Form A by the depositor).
Minimum Tenor
- Maturity Option: 7 days
- Income Option: 6 months
After the specified tenor, the fixed deposit will be auto-closed.
- Interest Rate: The interest rate applicable to the Capital Gain Term Deposit will be the card rate as per the bank's circulars from time to time. No additional interest will be provided to senior citizens or staff members under this scheme.
- Premature Withdrawal of Deposit: If the deposit is withdrawn prematurely, a penal interest rate of 1% will be charged. The interest rate payable will be the lower of:
  - The contractual rate minus 1%, or
  - The rate under the scheme on the contractual date is applicable for the tenor for which the deposit has actually run minus 1%.
- Fixed Deposit Under Income Option: Depositors can choose to receive interest on a quarterly basis or upon maturity. Interest payments will be credited to the Savings Bank Capital Gain account. If the depositor has a Savings Fund Capital Gain account, they may apply for withdrawal at any time after the initial subscription using Form C, along with the Passbook, subject to the scheme's provisions.
- Loan Facility: No loan facility is available against this deposit.
- Interest Certificate: An interest certificate can be issued to the depositor, reflecting the amount credited or accrued in the depositor’s account during the year.
- Tax Deduction at Source: Branches are required to deduct income tax, if applicable, at the time of interest payment or credit, as per instructions issued by the Finance Division, HO from time to time.
- Branch Availability: The account can be opened at all branches except rural branches. Single Capital Gains Term Deposits of over Rs. 25 crore are accepted only at identified branches.

FD interest rates India have fallen consistently over the last 12 years.

Invest in Plans that offer Guaranteed Returns for over 25 Years

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Eligibility of PNB Capital Gain Account Scheme

The PNB Capital Gain Account Scheme is available to depositors who qualify under specific sections of the Income Tax Act. This includes individuals eligible to make deposits under Sections 54, 54B, 54D, 54F, 54GB, and 54G. These sections pertain to various conditions and exemptions related to capital gains. By meeting the criteria outlined in these sections, eligible depositors can open an account under this scheme to manage and benefit from their capital gains effectively.

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