The Reserve Bank of India (RBI) has cut the repo rate by 1% this year, due to which loans have become cheaper on one hand, while the interest rates of FD have come down. But, despite this, good interest is still being received on FD. Public sector Punjab National Bank (PNB) is giving excellent interest to its customers on FD. Today, we will know about such an FD scheme of PNB, in which a fixed interest of ₹ 23,872 can be obtained by depositing only ₹ 1 lakh.
Why is it special
Investing in an FD is a safe and beneficial option, especially for those who do not want to take risks. These schemes of PNB can give you a source of fixed income, which will make your future even more secure.
Know which FD scheme is the best
PNB’s 390-day special FD scheme is the most attractive. In this scheme:
General citizens get interest at the rate of 6.60%.
Senior citizens get interest at the rate of 7.10%.
Super Senior Citizens get interest at the rate of 7.40%.
PNB’s special offer on 3-year FD
PNB has different interest rates for general citizens, senior citizens, and super senior citizens on a 3-year FD. PNB is giving 6.40% interest to general citizens on a 3-year FD. Senior citizens above 60 years of age will get 6.90% interest. Super senior citizens above 80 years of age will get 7.20% interest.
How much return will you get on an investment of ₹ 1 lakh
If you invest ₹ 1 lakh in PNB’s 3-year FD scheme, let us know how much profit you will get on maturity:
Common citizen
On investing ₹ 1 lakh, you will get a total of ₹ 1,20,983 on maturity, which includes a fixed interest of ₹ 20,983.
Senior citizen
On investing ₹ 1 lakh, you will get a total of ₹ 1,22,781, which includes interest of ₹ 22,781.
Very senior citizen
On investing ₹ 1 lakh, you will get the highest profit. On maturity, you will get a total of ₹ 1,23,872, which includes a guaranteed interest of ₹ 23,872. In this way, PNB’s FD scheme is a very good option for those who want safe and guaranteed returns.