Punjab National Bank Savings Scheme: The Reserve Bank of India has cut the repo rate by 1.00 percent this year. While loans became cheaper due to the cut in repo rate, on the other hand, the interest rates on FDs also came down.
However, despite the cut in interest rates, FDs are still offering excellent interest. Public sector Punjab National Bank (PNB) is offering excellent interest on FDs to its customers. Today, we will learn about one such FD scheme of PNB, in which by depositing just Rs 1 lakh, one can get a guaranteed fixed interest of Rs 23,872.
Punjab National Bank is offering 7.40 percent interest on FDs.
You can open an FD account in Punjab National Bank for a minimum period of 7 days and a maximum period of 10 years. Punjab National Bank is a government bank, which is offering interest ranging from 3.00 percent to 7.40 percent on FD. Punjab National Bank is giving the highest interest of 6.60 percent to general citizens, 7.10 percent to senior citizens and 7.40 percent to super senior citizens on its 390 days special FD scheme. On FD of 3 years in Punjab National Bank, general citizens are getting 6.40 percent interest, senior citizens are getting 6.90 percent interest and super senior citizens are getting 7.20 percent interest.
If you deposit Rs 1 lakh, you will get Rs 1,23,872 on maturity.
If you are a general citizen and deposit Rs 1 lakh in a 3-year FD with Punjab National Bank, you will receive a total of Rs 1,20,983 on maturity, with a fixed interest of Rs 20,983. If you are a senior citizen and deposit Rs 1 lakh in a 3-year FD with Punjab National Bank, you will receive a total of Rs 1,22,781 on maturity, with a fixed interest of Rs 22,781. Similarly, if you are a super senior citizen and deposit Rs 1 lakh in a 3-year FD with PNB, you will receive a total of Rs 1,23,872 on maturity, with a fixed interest of Rs 23,872.
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