This article offers a brief summary of the key aspects of the Punjab National Bank‘s Floating Rate Fixed Deposit schemes. Since these details are subject to frequent updates, please refer to the bank’s official website for the most current information on features and interest rates.
PNB India – Floating Rate Fixed Deposit Features:
- Accepting a minimum deposit of Rs. 1000/- or multiples thereof.
- However, FDRs exceeding Rs. 10 crores require explicit approval from the Treasury Division at the Head Office.
- Deposits are accepted for durations ranging from 7 days up to a maximum of 10 years, even for incomplete quarters.
- The interest rate on the FD is subject to change during its tenure, making it impossible to pre-calculate the interest payable till maturity and the maturity value.
How to invest?
Click here to invest in the Punjab National Bank’s Floating Rate Fixed Deposit schemes.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank/institution.