If you deposit ₹2 lakh in PNB, you will get the Fix Interest of ₹81,568, Know the Details
Deposit ₹2,00,000 in PNB and get a fixed interest of ₹81,568, Here the calculation: Punjab National Bank (PNB), one of India’s largest public sector banks, is offering attractive interest rates on its fixed deposit (FD) schemes. Even after the Reserve Bank of India (RBI) reduced the repo rate by 1.25 percent last year, PNB continues to provide good returns on FDs.
PNB FD Interest Rates: PNB offers FD interest rates ranging from 3.00 percent to 7.20 percent. Customers can open an FD for a period starting from 7 days up to 10 years.
PNB gives its highest interest rate on the 390-day special FD scheme:
-General citizens earn 6.40 percent
-Senior citizens earn 6.90 percent
-Super senior citizens earn 7.20 percent
On a 5-year FD scheme, PNB offers:
6.10 percent interest to general citizens
6.60 percent interest to senior citizens
6.90 percent interest to super senior citizens
Returns on ₹2 Lakh FD:
If a general citizen invests ₹2 lakh in a 5-year FD with PNB, the bank pays ₹2,70,701 at maturity. This amount includes ₹70,701 as interest.
If a senior citizen deposits ₹2 lakh for 5 years, PNB pays ₹2,77,445 at maturity, which includes ₹77,445 as interest.
If a super senior citizen invests ₹2 lakh in the same scheme, PNB pays ₹2,81,568 at maturity. This amount includes a fixed interest of ₹81,568.
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