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Old March 28th, 2016, 03:23 PM
Sumit Bhardwaj
Super Moderator
 
Join Date: Nov 2011
Posts: 34,143
Default Re: PNB Tax Saver FD Interest Rate

Hello, here I am providing you the details of the PNB tax saver fixed deposits account interest rates as under:

The interest rates for deposits less than Rs.1 crore is:
1 year- 8.25%
Above 1 year to 2 years- 8.25%
Above 2 years to 5 years- 8.25%
Above 5 years to 10 years- 8%

The interest rates for deposits between Rs.1 crore to Rs.10 crores is:
1 year- 8.25%
Above 1 year to 2 years- 8.50%
Above 2 years to 5 years- 8 %
Above 5 years to 10 years- 8%

The senior citizens will bet an additional 0.5% interest per annum.

Brief features of the product:
Individuals (including illiterate, blind persons), singly or jointly, and HUF
Minimum Deposit Rs100/- or in multiples thereof, subject to maximum deposit of Rs. 1.50 lac per financial year

Terms & Conditions:
Min deposit period 5 years & Max deposit period 10 years.
Rebate on income tax under Sec. 80 c
Nomination facility Available
Lock in period of 5 years.
Loan available after lock in period of 5 years against Deposit
Premature withdrawals are allowed after the completion of 5 years of deposit.

Documents required:
The Bank requires a satisfactory introduction of the person/s opening the account by a person acceptable to the Bank.
The Bank is required to obtain two recent photographs of the person/s opening the account, as per RBI directives.
The Bank is required to obtain Permanent Account Number
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