PNB Saksham Deposit Scheme
PNB Saksham Deposit schemes is a very reliable fixed deposit product that takes care of the recurring financial needs of the individual depositing over and above the particular interest income earned on term deposit through regular monthly payout that consists of interest along with the partial amount of the principal.
Eligibility Criteria for Applying for PNB Saksham Scheme
Account Type: Type of individual (singly or jointly), Association, Club, Society, Trust or Religious/ Charitable and Educational Institutions, etc.
Others: Illiterate or visually handicapped can also have this fixed deposit account
Type of Payment: Regular monthly payout consisting of interest plus part of principal.
Features of PNB Saksham Scheme
Account Type | Single and Joint for Association, Club, Society, Trust or Religious/ Charitable and Educational Institutions, etc. available |
Amount | Minimum Amount:Rs.25000/-Maximum Amount: Thereafter in multiple of Re.1/- subject to maximum of Rs. 10 Crore |
Rate of Interest | As per card rate of the term deposit of various tenors, given below in the Interest Rate section.0.50% additional interest to Senior Citizens over and above the normal interest applicable. |
Period (Multiple of 3 months) | Minimum: 12 monthsMaximum: 120 months |
TDS | None mentioned |
Loan against FD | N.A. |
Nomination (if any) | N.A. |
Auto Renewals | N.A. |
Other Fixed Deposit Schemes Offered by PNB
FAQs on PNB Saksham Scheme
- Is the PNB Saksham Scheme usable for handicapped people?
Yes, visually challenged people can apply for this loan.
- What is the minimum time period for a term deposit?
12 months is the minimum time period for a term deposit.
- What is the maximum time period for a term deposit?
120 months is the maximum time period for a term deposit.
- What is the minimum amount that may be deposited?
The minimum amount that can be deposited is Rs. 25,000
- What is the maximum amount that may be deposited?
Rs. 1 crore is the maximum amount that may be deposited.
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