Punjab National Bank (PNB) offers several FD schemes at attractive interest rates for the general public, staff members, and senior citizens. Many benefits are attached to FD schemes that help the account holders make a safe and effective investment for yielding guaranteed returns.
Save upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD+
The rate of interest varies based on the investment amount, tenure, and type of applicant. Senior citizens are offered an additional interest rate of 0.5% on their fixed deposits. PNB 5-year FD is a smart investment option with a higher interest rate for 3 to 5 years of tenure.
Period |
Domestic/NRO ROI p.a. for less than Rs 2Cr |
Domestic/NRO ROI p.a. for Rs 2 Cr to Rs 10 Cr |
NRE TD ROI for less than Rs 2 Cr |
NRE TD ROI Rs 2 Cr to 10 Cr |
|||
General |
Annual Yield |
Senior Citizens |
General |
Annual Yield |
General |
General |
|
3 to 5 years |
5.25% |
5.65% |
5.75% |
3.50% |
3.67% |
5.25% |
3.50% |
To apply for PNB 5-year FD, you must be one of the following:
The following documents have to be submitted for verification for opening an FD account at PNB:
The major perks of opening a PNB Bank 5-year FD account include:
You can open a PNB Bank 5-year FD by using both offline or online methods.
You can make an appointment and visit the nearest PNB bank branch personally along with all the necessary KYC documents and photographs and fill an application form to open the 5-year FD account. An executive of the bank will guide you on the entire process. After the verification is completed and the bank is satisfied, your new 5-year FD account is activated after depositing your desired investment amount.
Please follow the below steps to avail of PNB Bank 5-year FD online:
*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
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ