PNB Saksham Deposit Scheme
Those looking for a reliable product to invest in, Punjab National Bank has come with a term deposit scheme termed as PNB Saksham Deposit Scheme where it will take care of all your recurring financial needs and will avail you with a supplementary income on a monthly basis in form of interest.
PNB Saksham Deposit Scheme Eligibility Criteria:
- The account can be opened as a single account (single individual) or a joint account (two or more individuals).
- Other than individuals, certain groups and organizations like educational institutions, Society, Club, Charitable Institutions, etc. can apply for the scheme.
- Handicapped and illiterate individuals can also apply for the term deposit scheme.
- The interest generated will be credited in the form of monthly payout along with a part of the principal amount.
PNB Saksham Deposit Scheme Features:
Account Type |
Single /Joint Association, Club, Society, Trust or Religious/ Charitable and Educational Institutions, etc. can also have this term deposit account. |
Amount |
Minimum: Rs.25,000/- Maximum: Subsequently in multiple of Re.1/- subject to maximum of Rs.10 Crore |
Rate of Interest |
As mentioned in the term deposit card rate regarding different tenures. The senior citizens can avail an additional 0.5% interest on the provided deposits. |
Period (Multiple of 3 months) |
Minimum: 1 Year Maximum: 10 Years |
TDS |
None mentioned |
Loan against Bank Scheme |
N.A. |
Nomination (if any) |
N.A. |
Auto Renewals |
N.A. |
PNB Saksham Deposit Scheme Interest Rates:
|
|
Domestic TD Less than Rs.1 cr. |
Domestic TD Rs.1 cr. To Rs 10 cr # |
NRE TD Less than Rs. 1 cr |
NRE TD Rs. 1 cr. To Rs. 10 cr. |
PNB Tax Saver FD |
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Period |
ROI (% p.a.) |
A.Y.* |
For Senior Citizen ROI (% p.a.) |
ROI (% p.a.) |
A.Y.* |
ROI (% p.a.) |
ROI (% p.a.) |
ROI (% p.a.) |
|
|||
1 to 2 Weeks |
4.25 |
4.25 |
4.75 |
4.00 |
4.00 |
NA |
NA |
NA |
|
|||
15 to 29 Days |
4.25 |
4.25 |
4.75 |
4.00 |
4.00 |
NA |
NA |
NA |
|
|||
1 Month to 45 Days |
4.75 |
4.75 |
5.25 |
4.00 |
4.00 |
NA |
NA |
NA |
|
|||
46 Days to 3 Months |
6.25 |
6.25 |
6.75 |
5.00 |
5.00 |
NA |
NA |
NA |
|
|||
91 to 179 Days |
6.50 |
6.50 |
7.00 |
5.75 |
5.75 |
NA |
NA |
NA |
|
|||
6 Months to 9 Months |
7.00 |
7.06 |
7.50 |
6.50 |
6.55 |
NA |
NA |
NA |
|
|||
271 days to less than 365 Days |
7.00 |
7.12 |
7.50 |
6.50 |
6.61 |
NA |
NA |
NA |
|
|||
1 year & upto 730 Days |
7.50 |
7.71 |
8.00 |
7.00 |
7.19 |
7.50 |
7.00 |
NA |
|
|||
above 2 Years & upto 60 Months |
7.25 |
7.73 |
7.75 |
6.75 |
7.16 |
7.25 |
6.75 |
7.25 |
|
|||
above 60 Months & upto 120 Months |
7.25 |
8.65 |
7.75 |
6.75 |
7.95 |
7.25 |
6.75 |
|