PNB's Best FD Scheme: Earn 8.05% Interest in Just 400 Days – Here's How to Invest
PNB Best FD Scheme: Punjab National Bank always starts some special savings schemes from time to time for its customers. All these are special fixed deposit schemes which are started for a fixed period. A lot of interest is also given on investing in these special savings schemes.
PNB has also started a 400-day FD scheme at this time, in which a very high interest rate is being offered after investment. If you are looking for such a scheme for yourself which is of short duration and gives you the benefit of high interest rate on investment, then this scheme is going to be very useful for you. Let us know how much return you are going to get after investing in this scheme.
PNB 400 Days FD Scheme
Punjab National Bank gives the benefit of different interest rates to common citizens, senior citizens and super senior citizens in this FD scheme. The investment period in the scheme is the same for all but the interest rate is different. Money has to be invested in it for only 400 days and after that the benefit of maturity is given.
Investment rules and process
Only a permanent citizen of India can invest in this 400 days FD scheme of PNB Bank, so if you are a permanent citizen of India, then you can invest anytime. To invest, the age must be at least 18 years. Apart from this, you have to keep in mind that you have to invest the entire money in lump sum at the time of opening the account.
There are two ways to invest in this fixed deposit scheme of Punjab National Bank, one of which is the way to invest online and the other can invest offline. To invest offline, you will have to go to the bank with your necessary documents like Aadhaar card, PAN card and residence certificate and fill the application form there and submit it along with the money and documents. If you want to invest online, then you must have a PNB savings account. You can invest in this FD scheme through online internet banking.
What is the interest rate in 400 FD scheme?
Punjab National Bank is giving the benefit of 7.25 percent interest to the common citizens on investing in its 400-day FD scheme. Apart from this, if a senior citizen invests, then he is being offered an interest rate of 7.75 percent by the bank. If any super senior citizen invests in this scheme, then he is given the benefit of the highest interest of 8.05 percent.
How much return will you get on investing
If you invest 5 lakhs in PNB's 400 days FD scheme, then let's calculate how much return you will get. See, if a common citizen invests 6 lakhs in it, then after 400 days he will get ₹5,41,554 return which is available with 7.25 percent interest rate.
Apart from this, if a senior citizen invests 5 lakhs in this scheme, then the bank gives him ₹5,44,515 by calculating with 7.75 percent interest. If a super senior citizen invests 5 lakhs in it, then the bank is going to give him ₹5,46,298 return by calculating at the rate of 8.05 percent.
Higher interest is also available in this scheme of PNB
Punjab National Bank is also giving higher interest rate to the customers in its 300 days FD scheme. If a common citizen invests in this, he is being given 7.05 percent interest. Apart from this, senior citizens are being offered 7.55 percent interest and super senior citizens are being offered 7.85 percent interest by the bank after investing.