In this era of inflation and fluctuations in interest rates, finding a safe and great return-giving investment is a big challenge. If you are also looking for such an option, then a leading public sector bank, Punjab National Bank (PNB), has brought a great opportunity for you. PNB is offering attractive interest ranging from 3.25% to 7.40% on its Fixed Deposit (FD) scheme. Let us know the features of this FD scheme and how it can increase your savings manifold.
Why is PNB’s 390-day FD the most special
Although you can get an FD from 7 days to 10 years in PNB, at this time, the bank is giving the highest interest on a 390-day FD. General citizens will get 6.60% interest on 390 day FD. Senior Citizens will get 7.10% interest.
Super Senior Citizens, whose age is more than 80 years, will get a great interest of 7.40%. Apart from this, PNB is also giving good interest on 2-year FD, which is 6.40% for general citizens, 6.90% for senior citizens, and 7.20% for super senior citizens.
How much will be the profit on an investment of ₹ 2 lakh
Let us understand with an example how much profit you will get by investing ₹ 2 lakh in PNB FD. If you are a general citizen and deposit ₹ 2 lakh on a 2-year FD, then after 2 years, you will get a total of ₹ 2,27,080, which will have an interest of ₹ 27,080. If you are a senior citizen and deposit ₹ 2 lakh, then after 2 years, you will get a total of ₹ 2,29,325, which will have an interest of ₹ 29,325.
If you are a super senior citizen and deposit ₹2 lakh, after 2 years, you will get a total of ₹2,30,681, including interest of ₹30,681. This scheme not only keeps your savings safe but also gives you guaranteed returns. If you want to grow your savings without any risk, then PNB’s FD scheme can be a great option for you.