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Punjab National Bank Domestic Term Deposits Scheme
The Punjab National Bank Domestic Term Deposits tenure ranges from min 7 Days to max 10 Year 2 Days . The ROI ranges from 3.50% to 7.00 % for the general public. The lock-in period for this scheme is 5 Year
Punjab National Bank Domestic Term Deposits Scheme for amount ranging from ₹ 1,000 to ₹ 2.0 Cr
The rate of interest for deposited amount ranging from ₹ 1,000 to ₹ 2.0 Cr is as below
Tenure | Interest Rate for General Public (p.a.) | Interest Rates for Senior Citizens (p.a.) |
|---|---|---|
| 7 Days Upto 14 Days | 3.50% p.a. | 3.50% p.a. |
| 15 Days Upto 29 Days | 3.50% p.a. | 3.50% p.a. |
| 1 Months Upto 1 Months 15 Days | 3.50% p.a. | 3.50% p.a. |
| 1 Months 16 Days Upto 3 Months | 4.50% p.a. | 3.75% p.a. |
| 3 Months 1 Days Upto 5 Months 29 Days | 4.50% p.a. | 4.50% p.a. |
| 6 Months Upto 9 Months | 6.00% p.a. | 5.00% p.a. |
| 9 Months 1 Days Upto 1 Year | 6.75% p.a. | 5.00% p.a. |
| 1 Year 1 Days Upto 1 Year 1 Months 9 Days | 6.80% p.a. | 6.00% p.a. |
| 1 Year 1 Months 11 Days Upto 2 Year | 6.80% p.a. | 6.00% p.a. |
| 2 Year 1 Days Upto 3 Year | 7.00% p.a. | 6.10% p.a. |
| 3 Year Upto 5 Year 1 Months 7 Days | 6.50% p.a. | 6.20% p.a. |
| 5 Year 1 Months 7 Days Upto 10 Year 2 Days | 6.50% p.a. | 6.15% p.a. |
| Upto 1 Year 1 Months 10 Days | 6.10% p.a. | 6.60% p.a. |
| Upto 1 Year | 6.75% p.a. | 6.00% p.a. |
| Upto 3 Year 16 Days | 7.00% p.a. | 6.25% p.a. |
Key features of Punjab National Bank Domestic Term Deposits Scheme
Summary of Punjab National Bank Domestic Term Deposits Scheme features :
| Mutual Fund Schemes | Domestic Term Deposits |
| CRISIL Rating | AA+CRISIL Rating |
| Lock-in Days | 5 Year |
| Loan Against FD | NA |
| Pre-mature Withdrawal | Available |
| FD Nominee | Yes |
| Tenure | 7 Days to 10 Year 2 Days |
| General Public | 3.50% to 7.00 % |
| Senior Citizen | 3.50% to 6.60 % |
| Amount | Rs.1,000 to Rs.200,00000 |
*Interest rates are subject to change at the discretion of the bank. These Interest rates are with effect from 10 November 2021.
Looking for an ideal solution that helps you secure your hard-earned money and offers attractive interest rates? Punjab National Bank Domestic Term Deposits Scheme can be a great choice. Punjab National Bank Domestic Term Deposits Scheme provides attractive interest rates with additional interest rates for senior citizens. The bank provides competitive interest rates with add-ons like flexible tenures, nominations and over-drafting options, etc.
There are various deposit products with varied interest rates offered by Punjab National Bank, discover the product offerings before making an investment decision.
What is a Punjab National Bank Domestic Term Deposits Scheme?
Punjab National Bank Domestic Term Deposits Scheme offers deposits for rates within the 3.50% p.a. to 7.25% p.a. range. Punjab National Bank provides deposits on tenure ranging from seven days to 10 years.
Eligibility Criteria:
In order to open/obtain Punjab National Bank Domestic Term Deposits Scheme with ease, the below-mentioned criteria should be taken into consideration.
- Indian Resident
- Non – Indian Resident
- HUF (Hindu Undivided Family)
- Trusts, registered societies and associations
- Public and private limited companies
Documents Required to Open Punjab National Bank Domestic Term Deposit FD
Identification Proof:
- Aadhaar card
- PAN card
- Driving licence
- Voter ID card
Address Proof:
- All KYC related documents and utility bills such as electricity bills, gas bills, etc.
- Passport size photographs/Bank account statements
Punjab National Bank Domestic Term Deposit: Key Attractions
Stay safe with your deposits, as your investment is insured by the Reserve Bank of India (RBI) for up to ₹5 lakhs.
Enjoy premature withdrawal on your FD schemes, except for tax-saving FD.
The Punjab National Bank Domestic Term Deposits Scheme offers a nomination facility that enables investors to designate beneficiaries for their FDs.
Features and Benefits of Punjab National Bank Domestic Term Deposit FD
In a myriad of investment opportunities for your hard-earned money, the Punjab National Bank Domestic Term Deposits Scheme offers many features and advantages that can boost your income. Below are the benefits associated with the Domestic Term Deposits Scheme.
- Enjoy the risk-averse characteristics of the Domestic Term Deposits Scheme as the fixed deposit interest rates are independent of market fluctuations.
- The minimum deposit amount is ₹100/- and thereafter in multiples of ₹1/-
- Punjab National Bank Domestic Term Deposit FD offers higher financial returns and competitive rates on interest on FD.
- The interest rate ranges available for FD schemes varies around 3.50% p.a. To 7.30% p.a.
- The Domestic Term Deposits Scheme comes with a tenure ranging from 7 days to 10 years.
How to Apply for Punjab National Bank Domestic Term Deposits Scheme
To start with the Domestic Term Deposits Scheme, you must first open a savings account with Punjab National Bank. Further, based on your convenience, you can choose between online and offline banking. You could avail yourself of the benefit of opening an FD account from the comfort of your home by visiting the official website or mobile application.
You can apply for the FD account in the below-mentioned ways:
- Online Banking
- Offline Banking
- By visiting the bank
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Other FD Schemes By Punjab National Bank
FAQs
What is the term ‘deposit’ in PNB bank?
Punjab National Bank Domestic Term Deposit offers various FDs with various tenures and different rates of interest. One can opt-in for investment in FD schemes through online and offline modes.
What is the PNB fixed deposit interest rate?
Punjab National Bank offers different interest rates lying within the range of 3.5 % p.a. and 7.30% p.a.
What is the PNB Pranam Fixed Deposit Scheme?
PNB Param Fixed Deposit is an FD scheme specifically designed for people over 55 years of age. The minimum deposit to avail of the scheme is ₹100 and the deposit tenure ranges from 1 year (minimum) to 10 years (maximum).
What is the interest on 5 lakh in PNB?
The interest rate offered would be subject to the tenure of the investment.
