The PNB Special Term Deposit Scheme is a financial offering by Punjab National Bank (PNB) designed to provide you with competitive FD interest rates on Fixed Deposits (FD) for specific durations. This scheme aims to cater to individuals seeking stable returns on their investments with the security and reliability associated with PNB's banking services.
The key features of the PNB Special Term Deposit Scheme are as follows:
Deposit Amount: The minimum deposit required is Rs. 1,000, with increments in multiples of Rs. 1,000 up to Rs. 1,99,99,000.
Period of Deposit: You can choose a deposit period ranging from 1 year to 10 years, including options for incomplete quarters.
Interest: Interest rates are determined by the Card Rate as per guidelines issued by HO: IRMD, ALM Cell.
Interest Payment Frequency: Interest can be paid monthly (at a discounted rate), quarterly (at a simple rate), or annually (with quarterly compounding).
Demand Loan/Overdraft Facility: Deposits of Rs. 10,000 and above are eligible for a Demand Loan or overdraft facility upon written request.
NOTE:Tax Deducted at Source (TDS) applies if the interest income exceeds â‚ą10,000 in a financial year.
FD interest rates India have fallen consistently over the last 12 years.
Invest in Plans that offer Guaranteed Returns for over 25 Years
*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
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†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