• PNB Sugam Term Deposit Scheme

    If you are a customer of the Punjab National Bank (PNB), then you can apply for PNB Sugam Term Deposit fixed deposit scheme which would allow you to maximise your savings over a period of time. The tenure offered ranges from 46 days to 10 years for which the interest rate offered will be between 3.25% p.a. and 5.30% p.a.

    Features of PNB Sugam Term Deposit Scheme

    Deposit Amount
    • Minimum of Rs.10,000
    • Maximum of Rs.10 crore
    Tenure from 46 days to 10 years
    Rate of Interest The rate of interest applicable will be at the discretion of the lender. Currently the interest rate offered ranges between 3.25% p.a. and 5.30% p.a.
    Demand Loan or Overdraft Facility
    • Facility available only if the deposit is Rs.10,000 and above. A written letter is to be submitted to the bank to avail the facility.
    • This facility cannot be availed if the account is opened in the name of a blind or an illiterate person.
    Premature Withdrawal Minimum withdrawal of Rs.1,000 permitted at a time.

    Eligibility Criteria

    Given below are the eligibility criteria one will have to fulfill to apply for this FD scheme:

    • The account can be opened individually or jointly.
    • The account can be opened in the name of minors who are aged 10 years and above.
    • Proprietorship, partnership firm, commercial organization, company or corporate body.
    • Hindu Undivided Family (HUF).
    • Association, club, society, trust or religious bodies, educational institutions, municipality or panchayat, government or quasi-government body.
    • Blind and illiterate people can also avail this FD scheme.

    How to apply for PNB Sugam Term Deposit Scheme

    You can visit the nearest PNB branch along with all the relevant documents where a representative from the bank will help you with the application process.

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