Punjab National Bank Savings Scheme: The Reserve Bank of India has cut the repo rate by 1.00 percent this year. Due to the reduction in repo rate, on one hand the loan became cheaper, while on the other hand the interest rates of FD came down.
However, despite the reduction in interest rates, FD is still getting great interest. Public sector Punjab National Bank (PNB) is offering excellent interest on FD to its customers. Today we will know the details of such an FD scheme of PNB, in which by depositing only Rs 1 lakh, fixed interest of Rs 23,872 can be obtained with guarantee.
Punjab National Bank is giving 7.40 percent interest on FD
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. On the 390 days special FD scheme, Punjab National Bank is offering maximum interest of 6.60 percent to general citizens, 7.10 percent to senior citizens and 7.40 percent to super senior citizens. On 3 year FD 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 normal citizen and deposit Rs 1 lakh in a 3-year FD in Punjab National Bank, you will get a total of Rs 1,20,983 on maturity, which has a fixed interest of Rs 20,983. If you are a senior citizen and deposit Rs 1 lakh in a 3-year FD in Punjab National Bank, you will get a total of Rs 1,22,781 on maturity, which has 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 in PNB, you will get a total of Rs 1,23,872 on maturity, which has a fixed interest of Rs 23,872.
