PNB UTTAM TERM DEPOSIT SCHEME (NON-CALLABLE DEPOSIT SCHEME OFFERING PREFERENTIAL RATE)|Punjab National Bank Fixed Deposit Rates-– Interest Rate, Calculator & Benefits

Fixed Deposit Details

Bank Name

Punjab National Bank

Eligibility

Individuals (singly or jointly) with others Minor who have attained the age of 10 years and above in his own name on giving proof of age Proprietorship/Partnership Firm, Commercial Organization, Company /Corporate Body HINDU Undivided Family Association, Club, a Society, Trust or Religious/Charitable or Educational Institutions Municipality or Panchayat, Government or Quasi-Government Body. Illiterate and blind persons can also open the account.

Interest Rate

5.55 to 7.30% per annum.

Tenure

91 days to 120 months.

Fixed Deposit Type

Non- Callable

PNB UTTAM TERM DEPOSIT SCHEME (NON-CALLABLE DEPOSIT SCHEME OFFERING PREFERENTIAL RATE)

Tax Benefits

Credit Ratings

IND AAA, ICRA AAA

Interest Payment Frequency

monthly, quarterly, half-yearly, yearly or at maturity. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.

Cummulative/Non-Cummulative

Both

Features

• Flexibility in interest credit frequency on a monthly, quarterly, half-yearly, annually or at-maturity.
• Flexible tenure as per convenience.
• Premature withdrawal is not allowed.
• Overdraft facility is available.

Minimum Investment Amount

15 lakh

Features & Benefits

Pros

• Flexibility in interest credit frequency on a monthly, quarterly, half-yearly, annually or at-maturity.
• Overdraft facility is available.
• Maximum deposit amount of Rs 10 crore.

Cons

• A minimum deposit of Rs 15 lakhs is required.
• No tax saving options.

Pros & Cons

How to Open?

Online:

• Visit the PNB website: Go to https://www.netpnb.com/
• Log in to your PNB account: Enter your user ID and password.
• Look for the "Fixed Deposits" section: This is usually under "Deposits" or "Products."
• Choose the FD option: Select the type of FD you want to open (e.g., regular, cumulative, step-up).
• Enter details: Fill in the required information, such as deposit amount, tenure, interest payout frequency, and nominee details.
• Submit the application: Review your details and submit the application online.

In-Branch:

• Visit a PNB branch: Find a branch near you using their branch locator.
• Gather necessary documents: Bring along your identification proof (Aadhaar card, PAN card), address proof, and income proof (if required).
• Fill out the application form: Complete the FD application form provided by the bank.
• Submit documents and deposit funds: Hand over the completed form, documents, and the desired deposit amount to the bank representative.

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