Our Country’s one of leading public sector banks, Punjab National Bank or PNB, has released a 600 days special FD scheme. This is applicable for the term deposit plans valuing below ₹2 Cr for senior citizens of age 60 years or older, and super senior citizens of age 80 years or older. This latest FD scheme can be or cannot be broken before the maturity period.
PNB Offers 7.85% Interest Rate On 600 Days FD Scheme
On the new 600 days FD scheme, PNB is offering a regular interest rate of 7% on the plans that are allowed to be broken before maturity, for senior citizens the bank is offering 7.50% and for super senior citizens 7.80 per cent. Whereas, on the FD plans that cannot be broken before maturity the bank is offering a 7.05% interest rate for the regulars and 7.55% for senior citizens and 7.85% for super senior citizens. Thus, the max interest rate offered by PNB for investing in 600 days FD scheme is 7.85%.
“We aim to offer the best-in-class schemes to our valuable customers and we are pleased to offer a higher interest rate to consumers so that they earn more on their savings. For further ease, our existing customers can avail of this scheme online also through PNB ONE app and internet banking”, said Shri Atul Kumar Goel, CEO of Punjab National Bank.
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Additional Interest Rate for Seniors
“Senior citizens who are 60 years of age and over, but up to 80 years old, would receive an additional rate of interest of 50 basis points (bps) over and above the standard rates for a term up to 5 years and an additional rate of 80 bps on a maturity bucket of more than 5 years on domestic deposits of less than Rs. 2 crores. Furthermore, for all tenors, super senior citizens who are above 80 years of age will get an additional rate of interest that is 80 basis points higher than the standard rates applicable to the general public”, mentioned by livemint.
