If you are a customer of Punjab National Bank (PNB), then one of the products that you can avail from them is opening a fixed deposit (FD) account. Opening an PNB FD account can be a very good idea as it allows you to maximize your savings over a period of time so that you can take care of your financial needs in the future. The risk involved is very low and the returns are also decent. However, you will need to open a bank account with PNB before you can open an FD account with them.
Hence, we will list down the methods through which you can open an FD account with PNB.
Through mobile app
You can visit the nearest PNB branch along with all the necessary documents to open an FD account. A representative from the bank will help you with the process of opening an FD account. Duly fill and sign the application form and submit it along with the required documents. The lender will verify them and if they are found to be correct, an FD account will be opened in your name after which you can start depositing a certain amount in it on a monthly basis until your tenure comes to an end.
The minimum tenure of a fixed deposit account opened with Punjab National Bank is 7 days.
The maximum tenure of a Punjab National bank FD is ten years.
You can open a fixed deposit account with just Rs.100 with Punjab National Bank.
Yes, Punjab National Bank allows its customers to take a loan against their FDs. Punjab National Bank’s FD investors can borrow up to 90% of their deposit amount as a loan against their investment.
Yes, Punjab National Bank’s FD investors can nominate beneficiaries for their funds.
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