Punjab National Bank has come up with another exclusive term deposit product for its customers. The PNB Lakhpati Deposit Scheme is a two-in one deposit scheme where the customer can avail the benefits of it being a fixed deposit account as well as a recurring deposit account. On the basis of maturity period, the fixed deposit works where the recurring deposit at the end of the tenure becomes fixed deposit.
For the recurring deposit, the minimum amount can vary from Rs.1000, Rs.1200, Rs.1500, and Rs.2100.
Rate of Interest
9% per annum
Minimum: 57 Months
Maximum: 10 Years
The bank will issue a TDS certificate for the tax deducted
Loan against Punjab National Bank - PNB Lakhpati Scheme
Nomination (if any)
Not until any amount is withdrawn from the bank, the scheme remains active.
Period of Deposit
The maximum of 10 years is what available for deposit. Moreover, you can choose the recurring deposit to be a period of 2, 3, 4 or 5 years.
Tenure in Years
Kindly Note: The above-mentioned interest rates on the deposits are subject to change without giving any prior notice.
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