New Delhi: Punjab National Bank (PNB) is considered a large institution with a significant number of account holders. People invest in PNB and receive substantial returns. Investments made here are secure and yield future profits. You can get significant benefits by opening a Fixed Deposit (FD) account with PNB, eliminating any uncertainty.
You can even open a 91-day FD with PNB and receive a bumper return upon maturity. If you want to earn substantial profits by opening a Fixed Deposit with Punjab National Bank, first understand some important details to avoid any confusion. You will need to read this article carefully.
Bumper Returns on PNB FDs
You can get significant benefits by opening a ₹40,000 FD with Punjab National Bank. You will receive a decent return upon maturity. Following the RBI’s reduction in the repo rate, all banks have revised their FD interest rates. PNB, a public sector bank, is offering its customers interest rates ranging from 3% to 7.30% on FD accounts.
You’ll be happy to know that you can open an FD account with the bank for periods ranging from 7 days to 10 years. For a 91-day FD, the bank offers 4.90% interest to general citizens, 5.40% to senior citizens, and 5.70% to super senior citizens.
How much return will you get on a ₹4 lakh deposit?
If you deposit ₹4 lakh in a 91-day FD with Punjab National Bank, general citizens will receive a total of ₹4,04,886 upon maturity. This amount will prove very useful.
For a ₹4 lakh deposit in a 91-day FD, senior citizens will receive ₹4,05,385 and super senior citizens will receive ₹4,05,684 upon maturity. People are easily receiving the benefit of bumper interest rates at Punjab National Bank. Punjab National Bank runs several welfare schemes, which generate considerable interest among people who wish to participate in them.