The PNB Growth Fixed Deposit Scheme is a fixed-term investment option offered by Punjab National Bank (PNB), designed to provide safe and reliable returns. This scheme allows you to invest a lump sum amount for a predetermined period, earning attractive interest rates.
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Returns as high as 7.5%*
Includes life coverCompletely Tax free+
Maximum returns Offered byGuaranteed
Highest
7.5%*
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)
In-built life cover
Get Guaranteed returns upto 7.5%*
Invest in 100% Guaranteed Return Plans with Tax benefits under sec 80C & No Tax on returns*
The key features of PNB Growth Fixed Deposit Scheme are as follows:
Deposit Amount: Minimum deposit of Rs. 2.00 Crore, and in multiples of Re 1 thereafter, up to maximum Rs. 10.00 crore.
Period of Deposit:
Maturity Option: 7 days to 120 months.
Income Option: 6 months to 120 months.
Interest: Card Rate as per guidelines issued by HO: IRMD, (ALM Cell) from time to time.
Interest Option:
Income Option: Interest payable monthly/quarterly or at maturity. Monthly interest paid at discounted value; quarterly compounded for half-yearly and yearly payments.
Maturity Option (Re-investment): Interest compounded quarterly, payable at maturity. Incomplete quarters are counted at the end for interest calculation.
Conversion/ Change in Option:
Conversion allowed if the original FD period was 12 months or more, with the remaining period of at least 6 months.
Rate adjusted to the current scheme rate for the remaining period after conversion.
Interest accrued up to conversion date paid; any excess recovered before following depositor's instructions.
Part Withdrawal: Available only under Maturity Option. Depositors can withdraw multiples of Rs. 1,00,000/- before maturity, maintaining a minimum of Rs. 2 Crore core amount. Interest adjusted at contractual rate minus 1% or current scheme rate minus 1%, whichever is lower.
Advances/ Overdraft Facility: Available per HO: IRMD guidelines. Not available for accounts in the name of minors.
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
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
†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. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in