BANKS

PNB’s special 600-day FD scheme offers maximum interest of 7.85%

Punjab National Bank has introduced a special 600-day fixed deposit scheme, offering interest rates of up to 7.85% per annum. 

Punjab National Bank has introduced a special 600-day fixed deposit scheme, offering interest rates of up to 7.85% per annum. 

Only elderly persons 60 years of age and older and super senior citizens 80 years of age and above are eligible for this scheme. 

The bank said that the scheme is applicable on single deposit term deposits of below Rs 2 crore. 

For the general public, the bank is offering a regular interest rate of 7% per annum under the callable option, 7.50% for senior citizens (aged 60 and above) and 7.80% for super senior citizens (aged 80 and above). 

Under the non-callable option (no premature withdrawal option), the bank is offering a regular interest rate of 7.05% per annum, 7.55% per annum for senior citizens, and 7.85% for super senior citizens.