PNB Special Recurring Deposit Product

The PNB Special Recurring Deposit (RD) product is designed specifically for institutions like government bodies, companies, and PSUs (Public Sector Undertakings) to manage employee savings. Unlike a regular RD account for individuals, this scheme allows for deposits on behalf of employees.

Guaranteed Returns

Includes Life Cover

Completely Tax Free+

3 Benefits, 1 Plan

Maximum returns offered by:

6.9%^* (Tax-Free)

Guaranteed Plan

(By Insurance companies)

4.6%^* (After Tax)

Fixed Deposit

(Offered by Banks)

4.0%^*

Savings Account

(Post Office)

Get Guaranteed returns upto 6.9%*

Fully Tax-Free, Life Cover Included

+91

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FD Interest Rates of Domestic/NRO (Below Rs. 3 Crore)

FD Interest Rates of Domestic/NRO (Rs. 3 Crore and Above)

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

Features of PNB Special Recurring Deposit Product

Minimum Deposit: Rs. 10 (or multiples of Rs. 1 thereafter) - similar to employee PF deductions.
Deposit Period: 6 months to 120 months (longer terms require opening a new account at prevailing rates).
No Penalty for missed Installments.
Interest:
- CARD rate for deposits below Rs. 1 crore.
- Calculated daily, credited half-yearly (March/September).
Premature Withdrawal: Requires permission from the institution.
Loan/Advance: Available as per bank's lending guidelines.
Nomination: Available.
TDS: Applicable as per government regulations. Bank will provide a TDS certificate.

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

Invest in Plans that offer Guaranteed Returns for over 25 Years

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Eligibility of PNB Special Recurring Deposit Product

For Institutions Only: This account is not available for individuals.
Eligible Institutions:
- Government Institutions
- Private Institutions
- Public Sector Undertakings (PSUs)
- Corporate Bodies
Minimum Employee Participation:
- Institutions must open the account for a minimum of 10 employees.
- OR
- At least 75% of eligible employees (whichever is lower).

PNB Tax Saver Deposit Scheme

	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