Punjab National Bank (PNB) is known as a large institution and its customer base is also large. People invest in PNB and get good profits. The investments made here are safe and profitable in the future. By opening a Fixed Deposit (FD) account in PNB, you can get significant benefits and eliminate any uncertainty.
You can open an FD in PNB for 91 days and get bumper returns on maturity. If you want to earn good profits by opening a Fixed Deposit in Punjab National Bank, then first know some important things to avoid any confusion. For this, you need to read this report carefully.
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You can get significant benefits by opening an FD of Rs 40,000 in Punjab National Bank. You will get a good return on maturity. After the RBI cut the repo rate, all banks have revised their FD interest rates. As a state-owned bank, PNB offers interest ranging from 3 percent to 7.30 percent per annum on its FD accounts.
You can open an FD account in this bank for a tenure ranging from 7 days to 10 years. For 91-day FDs, the bank offers 4.90 percent interest to general citizens, 5.40 percent to senior citizens and 5.70 percent to super senior citizens.
Also Read –SIP or lump sum, which gives more returns, read details before investing
How much return will you get if you deposit Rs 4 lakh?
If you deposit Rs 4 lakh in a 91-day FD with Punjab National Bank, then the general citizen will get a total of Rs 4,04,886 on maturity. This amount of money will be very helpful.
By depositing Rs 4 lakh in a 91-day FD, senior citizens will get Rs 4,05,385 and super senior citizens will get Rs 4,05,684 on maturity. People are easily getting the benefit of bumper interest at Punjab National Bank. Punjab National Bank runs several welfare schemes, which creates a lot of interest among people who want to participate in these schemes.