• PNB Pranam Fixed Deposit Scheme

    The Punjab National Bank offers the Pranam fixed deposit scheme for individuals over the age of 55. The minimum deposit for this scheme is Rs.100. The minimum period of deposit for the scheme is 1 year while the maximum tenure is 10 years.

    Features of PNB Pranam Fixed Deposit Scheme

    The various features of PNB Pranam Fixed Deposit Scheme are mentioned below:

    Account type Single or jointly with others
    Deposit amount

    Minimum: Rs.100

    Maximum: Rs.1,99,99,999

    Tenure

    Minimum: 1 year

    Maximum: 10 years

    Rate of Interest 5.00% to 5.25%
    Overdraft facility Available
    Premature withdrawal Available

    Eligibility Criteria for PNB Pranam Fixed Deposit Scheme

    The primary eligibility criteria to open an account under the PNB pranam fixed deposit scheme are given below:

    • Individuals over the age of 55 and below the age of 60
    • Illiterate individuals
    • Visually impaired individuals

    Interest Rates of PNB Pranam Fixed Deposit Scheme for Deposits below Rs.2 crore

    The interest rates of PNB pranam fixed deposit schemes for deposits below Rs.2 crore are given below:

    Tenure Interest Rates (p.a.)
    1 year 5.00%
    Above 1 year to up to 2 years 5.00%
    Above 2 years to up to 3 years 5.10%
    Above 3 years to up to 5 years 5.25%
    Above 5 years to up to 10 years 5.25%

    Note: The interest rates mentioned above are effective since 1 October 2021 and can be changed as per the bank’s rules and regulations.

    How to Apply for PNB Pranam Fixed Deposit Scheme

    You can visit the nearby branch of Punjab national Bank, if you want to apply for the PNB Pranam fixed deposit account. There you will be guided through the process of opening an account by a bank’s representative.

    FAQs on PNB Pranam Fixed Deposit Scheme

    1. What is the minimum amount required to open a PNB pranam fixed deposit scheme?

      The minimum amount required to open a PNB pranam fixed deposit scheme is Rs.100.

    2. Is overdraft facility available for the PNB pranam fixed deposit scheme?

      Yes, overdraft facility is available for the PNB pranam fixed deposit scheme.

    3. Can an individual above the age of 60 eligible to open an account under the PNB pranam fixed deposit scheme?

      No, an individual above the age of 60 is not eligible to open an account under the PNB pranam fixed deposit scheme.

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