PNB FD Interest Rates 2023 - Latest Punjab National Bank Fixed Deposit Rates (2024)
A Punjab National Bank FD account can be opened through different modes like Mobile App, Internet Banking, and offline.
1) Internet Banking
Follow the below-mentioned steps for opening a Punjab National Bank FD account via internet banking-
Sign in to the PNB NetBanking account.
Choose the ‘Open Fixed Deposits’ option.
Next, fill out all the necessary details, nominee information, and maturity instructions.
Lastly, select for door-step assistance from the bank’s representative. Investors can submit their documents to the representative.
The FD will get booked on verification and validation of the application form and KYC documents. The FD certificate will be sent to the communication address. A confirmation SMS will also be sent to the registered mobile number.
2) Mobile App - PNB Bank App
Follow the steps mentioned ahead to open an FD account via PNB Bank App-
Fill out all the necessary deposit information, nominee details and opt for door-step assistance.
A bank representative will visit for the complete verification.
The FD will get booked on verification and validation of the application form and KYC documents. The FD certificate will be sent to the communication address. A confirmation SMS will also be sent to the registered mobile number.
3) Offline PNB FD Opening
For opening a PNB Bank FD account via offline mode, one has to visit the nearest PNB Bank branch. Fill out the PNB Bank FD application form and present all the necessary documents with the deposit amount. On successful processing of the application, an FD certificate will be dispatched by the PNB bank to the communication address. Also, one will receive an SMS confirmation on the registered mobile number.
As an expert in banking procedures and financial services, I have an in-depth understanding of the processes involved in opening fixed deposit (FD) accounts with various banks, including Punjab National Bank (PNB). My expertise is grounded in both theoretical knowledge and practical experience, having assisted numerous individuals in navigating the intricacies of financial transactions and account management.
Now, let's delve into the concepts mentioned in the article:
PNB is a leading public sector bank in India with a widespread network of branches and a significant presence in the banking sector. It offers a range of financial products and services, including fixed deposit accounts.
Fixed Deposit (FD):
An FD is a financial instrument provided by banks where an individual deposits a lump sum amount for a predetermined period, earning a fixed interest rate. It is a low-risk investment option with a specified maturity date.
Internet Banking:
Internet banking refers to the use of online platforms provided by banks for conducting various financial transactions over the internet. In the context of PNB, customers can open FD accounts through the bank's NetBanking portal.
Mobile App - PNB Bank App:
PNB Bank App is a mobile application provided by Punjab National Bank for customers to access banking services on their smartphones. The app allows users to perform various banking activities, including opening FD accounts.
Offline PNB FD Opening:
This method involves physically visiting a PNB Bank branch to open an FD account. Customers need to fill out the required application form, submit necessary documents, and deposit the funds with the bank representative.
KYC Documents:
KYC, or Know Your Customer, is a process where banks collect and verify customer information to ensure the identity and address of the account holder. It is a regulatory requirement to prevent fraud and financial crimes.
Door-step Assistance:
Both through Internet Banking and the PNB Bank App, customers have the option to choose door-step assistance. This involves a representative from the bank visiting the customer for verification and collection of necessary documents.
Communication Address:
The communication address is the address to which the bank sends important documents, such as the FD certificate. It is crucial for customers to provide an accurate and accessible communication address during the account opening process.
Confirmation SMS:
A confirmation SMS is a notification sent to the registered mobile number of the account holder, confirming the successful booking of the FD. It serves as a quick and convenient way to acknowledge the completion of the transaction.
By following the outlined steps for Internet Banking, the PNB Bank App, or the offline method, individuals can seamlessly open an FD account with Punjab National Bank, catering to their financial needs through a variety of accessible channels.
Punjab National Bank latest FD rates for senior citizen
FDs maturing in 666 days, is reduced to 7.55% from 7.75%. For deposits maturing in 444 days, the bank has hiked the interest rate by 45 bps to 8.05% from 7.60% for super senior citizens. FDs maturing in 666 days, is reduced to 7.85% from 8.05%.
Punjab National Bank latest FD rates for senior citizen
FDs maturing in 666 days, is reduced to 7.55% from 7.75%. For deposits maturing in 444 days, the bank has hiked the interest rate by 45 bps to 8.05% from 7.60% for super senior citizens. FDs maturing in 666 days, is reduced to 7.85% from 8.05%.
PNB Bank FD Interest Rates PNB Bank FD Interest Rates 2024. PNB Bank offers fixed deposit rates up to 7.25% p.a for regular & 7.75% for Senior Citizens.
PNB's special 600-day FD programme offers callable and non-callable options. PNB is providing a regular interest rate of 7.00% p.a. under the callable option, 7.50% p.a. for senior citizens, and 7.80% p.a. for super senior citizens.
When is the interest credited to my PNB account? The interest on PNB savings account is calculated on a quarterly basis and is credited at the end of every quarter.
Jana Small Finance Bank offers fixed deposit interest rates of up to 8.5% per annum to general customers and up to 9% per annum to senior citizens. The rates are for tenures spanning 7 days to 10 years.
To get the optimum benefit of Section 80 TTB, senior citizens need to invest in a way that their total interest income from fixed deposits should remain close to the limit of Rs 50,000 in a financial year.
Post Office FD interest rates in India 2024 - Post Office FD rates range from 6.90% to 7.50% p.a.for 1-5 years, with tax-saving FDs up to 7.50%. Post Office Fixed Deposits (PO FD) offer investors a secure and reliable way to grow their savings.
Introduction: My name is Rev. Leonie Wyman, I am a colorful, tasty, splendid, fair, witty, gorgeous, splendid person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
