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PNB launches special 600 days FD scheme

November 12, 2022

PNB launches special 600 days FD scheme
The nation’s main public sector financial institution, Punjab National Bank (PNB), has launched a special 600 Days FD Scheme. For aged individuals 60 years of age and older and tremendous senior residents 80 years of age and older, the scheme is offered for single deposit time period deposits underneath ₹2 crore.

PNB’s special 600-day FD programme provides callable and non-callable choices. PNB is offering a common interest rate of 7.00% p.a. underneath the callable choice, 7.50% p.a. for senior residents, and seven.80% p.a. for tremendous senior residents.

Whereas the financial institution is guaranteeing a common interest rate of 7.05% each year underneath the non-callable choice, 7.55% each year for senior residents, and seven.85% for tremendous senior residents. As a end result, PNB is now providing a maximum interest rate of 7.85% on its special FD scheme.

Speaking on the supply, Shri Atul Kumar Goel, MD & CEO, Punjab National Bank, mentioned “Our intention is to supply the best-in-class schemes to our useful clients and we’re happy to supply a greater interest rate to customers in order that they earn extra on their saving. For additional ease, our current clients can avail this scheme on-line additionally by way of PNB ONE app and web banking.”

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