Punjab National Bank (PNB) FD Rates 2024

Punjab National Bank (PNB) offers competitive Fixed Deposit (FD) interest rates and a wide Range of other benefits such as flexible tenure options, nomination Facility, loan/overdraft option, etc.

Fixed Deposit of FD refers to an investment avenue which is generally offered by banks and Post Office. In case of FD, people need to deposit a considerable amount as a one-time payment for a fixed time frame. Here, people get back their investment amount at the end of the tenure. However, people cannot break the FD during the tenure and if they try to break they need to pay some charges to the bank. The FD Income earns interest on the investment. This interest income earned is taxable in the hands of investors.

PNB FD Interest Rates

PNB Housing FD Interest Rates for deposits Deposit below Rs. 2 Crore are as follows:

Please note that interest rates are subject to change at the discretion of the bank without any prior notice.

PNB FD Account Features

Some of the features of PNB Fixed Deposit account are:

1. Investment amount

The minimum deposit for the PNB FD account is INR 10,000, and the maximum is INR 99,99,000

2. Tenure

The minimum tenure for the PNB FD account is about seven days and the maximum tenure one can invest for is up to 10 years

3. Banking opportunities for differently abled

Punjab National Bank welcomes the differently abled persons to open fixed deposit accounts and grow their money

4. Auto-renewal

PNB offers an auto-renewal option for your term deposits once it matures

Documents Required to Open FD Account in PNB

1. Identity proof

• PAN Card
• Voter ID Card
• Driving License
• Passport

2. Address proof

• Telephone Bill
• Electricity Bill
• Bank statement With Cheque

Are you Looking for Alternative to Banks Savings Account in Mutual Funds?

Investors who are thinking of parking their money for the short term, you can also consider liquid Mutual Funds. Liquid Funds are an ideal alternative to FDs as they invest in low-risk debt and money market securities.

Here are some features of liquid funds you should know:

• These funds come with no lock-in period
• The money is invested in money Market instruments like a certificate of deposits, commercial papers, treasury bills, and term deposits
• You can exit from the scheme anytime you want. Also, the funds have no entry load and exit loads
• The Underlying assets have low maturity period and provide you low-interest rates
• Most times, you may also get returns higher than bank Savings Account

Best Liquid Funds to Invest 2024