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  #2  
October 29th, 2019, 08:44 AM
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Re: Punjab National Bank One Year Bond

Can you tell me about the interest rate for FD (Fixed Deposit) in PNB (Punjab National Bank) for an investment for 1 year?
  #3  
October 29th, 2019, 08:44 AM
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Join Date: Mar 2012
Re: Punjab National Bank One Year Bond

PNB (Punjab National Bank) offers multiple FD (Fixed Deposit) options to its customers. One needs to make a deposit once into the FD account at the time of opening the account. One is not allowed to deposit more money and withdraw any money in the account during the tenure of the deposit.


Punjab National Bank (PNB) Fixed Deposit -Interest Rates


PNB FD interest rates range from 4.50% p.a. to 6.00% p.a. for deposits with a tenure of 7 days to less than 365 days. These deposits are known as short term deposits as they have tenure of less than 1 year. Short term PNB FD rates for senior citizens range from 5.00% to 6.50% p.a.


PNB FD interest rates for long term deposits with tenure of 5 years to 10 years offer good returns. PNB fixed deposit rates for deposits with tenure of 10 years is 6.50%. Senior citizens are offered deposit rates of 7.00% p.a. for long termed FDs.


Investment Period FD rates for Regular deposits FD rates for Senior Citizen

7 days to 14 days 5.70% 6.20%

15 days to 29 days 5.70% 6.20%

30 days to 45 days 5.70% 6.20%

46 days to 90 days 6.35% 6.85%

91 days to 179 days 6.35% 6.85%

180 days to 270 days 6.35% 6.85%

271 days to 364 days 6.35% 6.85%

1 year 6.75% 7.25%

1 year 1 day to 2 years 6.75% 7.25%

3 years 1 day to 10 years 6.25% 6.75%


Benefits of opening an FD account in PNB are:

The auto renewal facility is not available
Nomination facility is available
Loan or overdraft up to 90% of the deposit is available
Income option can range from 6 months to 120 months


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