The Punjab National Bank offers its customers the Varshik Aay Yojana (VAY) deposit scheme where the depositor can open an account with a minimum deposit amount of Rs.10,000. The minimum duration for this deposit scheme is 24 months.
The various features of the PNB Varshik Aay Yojana deposit schemes are mentioned below:
|Account Type||Single or jointly with others|
Minimum amount: Rs.10,000
Maximum amount: Rs.1,99,99,000
|Tenure||24 months to 10 years|
|Rate of Interest||Interest rate as per HO: IRMD issued guidelines|
The basic eligibility criteria to open a PNB Varshik Aay Yojana deposit scheme are mentioned below:
If you want to apply for a PNB Varshik Aay Yojana deposit scheme, you can visit your nearby branch of Punjab National Bank. A bank’s representative will guide you through the process of opening a deposit account.
Yes, overdraft facility is available for the PNB Varshik Aay Yojana deposit scheme.
Yes, a minor over the age of 10 years can open an account under the PNB Varshik Aay Yojana after providing an age proof.
The minimum amount for opening an account under the PNB Varshik Aay Yojana deposit scheme is Rs.10,000.
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