What is Tax Saver Fixed Deposit in PNB?
The PNB Tax Saver Fixed Deposit Interest rate for a deposit that is less than Rs. 2 crore is 5.30% p.a. for general public and 5.80% p.a. for senior citizens….PNB Tax Saver FD Interest Rates.
| Depositors | Up to 5 years Interest Rate (p.a.) | Above 5 years and up to 10 years (p.a.) |
|---|---|---|
| Retired Staff Member | 6.30% | 6.30% |
What is FD interest rate in PNB?
PNB medium-term fixed deposits offer a rate of interest ranging from 4.50% p.a. to 5.30 percent per annum for anytime between 1 and 5 years. For 1-year deposits, the PNB FD interest rate is 5.25 percent. And for deposits between 3 and 5 years, the applicable rate of interest is 5.30 percent.
What is the interest rate in PNB saving account?
Domestic & NRI Saving Account Interest Rates : (w.e.f. 1st December 2021)
| Rate of Interest | |
|---|---|
| Saving Fund Account Balance below Rs. 10 Lakh | 2.80% p.a. |
| Saving Fund Account Balance of Rs. 10 Lakh & above | 2.85% p.a. |
What is the interest of 5 lakh in PNB?
Punjab National Bank Fixed Deposit Returns Based on Investment Amount
| Investment Amount | For 3 years with interest of 5.25% | For 5 years with interest of 5.25% |
|---|---|---|
| ₹ 50,000 | ₹64972 | ₹64972 |
| ₹ 1 lakh | ₹129943 | ₹129943 |
| ₹ 2 lakh | ₹259886 | ₹259886 |
| ₹ 5 lakh | ₹649716 | ₹649716 |
Can I break 5 year tax saver FD before the completion of 5 years?
Investors are not allowed to liquidate tax-saver FDs before the completion of 5-year maturity period and there is no auto-renewal facility. Also, loans or overdrafts against tax-saver FDs are not allowed. However, in the case of joint holding, only the first holder can claim tax deduction benefits for the investments.
What is the interest rate of FD in PNB for 1 year?
PNB Domestic/NRO Term Deposit FD Rates Below Rs. 2 Crore
| Tenure | Regular FD Rates (p.a) | Senior Citizen FD Rates (p.a) |
|---|---|---|
| 180 days to 270 days | 4.40% | 4.90% |
| 271 days to less than a year | 4.40% | 4.90% |
| 1 year | 5.00% | 5.50% |
| Above 1 year and up to 2 years | 5.00% | 5.50% |
What is the interest rate for fixed deposit?
Fixed Deposit Interest Rates for 5 Years
| Name of Bank | General Citizens Interest Rate (per annum) | Senior Citizens Interest Rate (per annum) |
|---|---|---|
| Axis Bank | 5.40% | 6.05% |
| Canara Bank | 5.25% | 5.75% |
| IDFC First Bank | 5.20% | 5.70% |
| State Bank of India | 5.30% | 5.80% |
What was the interest rate in 2013?
Monthly Average Commitment Rate And Points On 30-Year Fixed-Rate Mortgages Since 1971
| 2017 | 2013 | |
|---|---|---|
| October | 3.90 | 4.19 |
| November | 3.92 | 4.26 |
| December | 3.95 | 4.46 |
| Annual Average | 3.99 | 3.98 |
What is the interest rate of PNB tax Saver FD?
Given below are the revised and latest interest rates offered on the PNB Tax Saver FD Scheme for regular and senior citizens with effect from 1 January 2021: The PNB Tax Saver Fixed Deposit Interest rate for a deposit that is less than Rs.2 crore is 5.30% p.a. for general public and 5.80% p.a. for senior citizens.
Which is the best tax Saver scheme in Punjab National Bank?
If you are looking for some good options to invest your money and save income tax as well, then Punjab National Bank’s five years fixed deposit is good option to get higher returns on your invested money. PNB’s five years tax saver deposit offers dual benefits to the investor.
What happens to term deposit under PNB fixed deposit scheme?
The term deposit receipt issued under the scheme shall NOT be lien/pledged to secure a loan or as security to any other loan, before the expiry of the Lock in Period of 5 years. However, after the expiry of lock in period, the loan can be availed by the depositor (s), under the scheme.
Is there additional interest for senior citizen in PNB?
In case of Senior citizen, 0.50% additional interest (Subject to change as per bank guidelines from time to time)and in case of staff member, 1% additional interest shall be paid over and above the Interest applicable to the scheme, inclusive of additional interest payable to Sr. Citizen under the Scheme.