PNB Uttam - Non-Callable Deposit Scheme

PNB Uttam is a fixed deposit scheme offered by Punjab National Bank specifically for larger deposits. It's a "non-callable" scheme, meaning once your money is locked in for the chosen term, the bank cannot call it back early. This assures you of the full tenure and interest rate you agreed upon.

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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We are rated^~

7.7 Crore

Registered Consumer

Insurance Partners

4.2 Crore

Policies Sold

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%

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

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

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Features of PNB Uttam - Non-Callable Deposit Scheme

Deposit Amount:
- A single deposit of over Rs. 15 lakh, with additional deposits in multiples of Rs. 1.
Period of Deposit:
- For deposits ranging from above Rs. 15 lakh to Rs. 10 crore: The period and rates are as per the guidelines circulated by the Head Office (HO) IRMD-ALM.
  - Maturity Option: Available for any period from 91 days to 120 months.
  - Income Option: Available for any period from 6 months to 120 months.
- For deposits above Rs. 10 crore: The period and rates are as advised by the treasury division for DRI rates, with permission from the HO treasury.
  - Maturity Option: Available for any period from 91 days to 1 year.
  - Income Option: Available for any period from 6 months to 1 year.
- For interbank deposits above Rs. 10 crore: The period and rates are as advised by the treasury division for DRI rates, with permission from the HO treasury.
  - Maturity Option: Available for any period from 91 days to 1 year.
Interest Option:

Depositors must choose their preferred interest payment method at the time of making the deposit, which will be indicated on the fixed deposit receipt. Options include:
- Income Option (Outflow of interest): Interest can be paid monthly, quarterly, half-yearly, or yearly. Monthly interest is paid at a discounted rate, while interest for half-yearly and yearly payments is compounded quarterly.
- Maturity Option (Reinvestment of interest on a quarterly compounding basis): Interest is compounded quarterly and paid upon maturity. Any incomplete quarter at the end of the deposit term is included in the interest calculation.
Conversion:
- Conversion options are not available under this scheme.
Auto Renewal:
- Auto-renewal is not permitted, and auto-closure is marked in the system.
Premature Withdrawal/Part Withdrawal/Extension in the Period of Deposit:
- Premature withdrawal, part withdrawal, or extension of the deposit period is not allowed under this scheme, except in cases of the depositor's death (single/joint), bankruptcy, winding up, or directions by the court/regulators/receiver/liquidator. In such cases, premature withdrawal is permitted, and interest is paid at the card rate for the period the FD was active.
Advances/Overdraft Facility:
- The option for a demand loan or overdraft facility is available at the bank's discretion and according to existing guidelines.
Maturity Value:
- For deposits under the maturity option, the system calculates the maturity value based on quarterly compounding.

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

Invest in Plans that offer Guaranteed Returns for over 25 Years

Eligibility Criteria for PNB Uttam - Non-Callable Deposit Scheme

Individuals can open accounts either alone or jointly with others.
Minors aged 10 years or older can open accounts in their own names upon providing proof of age.
Accounts can be opened by proprietorships, partnership firms, commercial organizations, companies, or corporate bodies.
Hindu Undivided Families (HUF) are eligible to open accounts.
Associations, clubs, societies, trusts, and religious, charitable, or educational institutions can open accounts.
Accounts can also be opened by municipalities, panchayats, and government or quasi-government bodies.
Illiterate and blind individuals are eligible to open accounts.

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