PNB Bank offers Recurring deposit schemes Swechha Jama Yojna at higher rate of interest on deposits, You can check eligibility, features, rates & minimum deposit amount with other important information.
Features
| Eligibility | · Any Individual/dependent(singly or jointly with others). · A minor of 10 years and above in his own name. · A minor who is below 10 years under his/her guardian or parents. · Proprietorship, Partnership Firm, Commercial Organization, Company, Corporate Body. · Hindu Undivided Family (HUF) · Association, Clubs, Society, Trusts or Religious Institution, Charitable and Educational Institutions · Municipality or Panchayat, Government or Quasi-Government body |
| Period of FDR | The minimum period is 6 months to maximum 120 months. |
| Penalty | No penalty charged for late deposit |
| Loan/Overdraft | Available |
| Interest | The interest is paid on a half yearly basis calculated on daily product basis. |
| Rate of Interest | The rate of interest would be the CARD rate (LINK) which is applicable to the time period of deposit as displayed on the website. It is subjected to change from time to time. |
| Nomination Facility | Available |
| TDS | Applicable as per guidelines. The bank will issue the TDS Certificate for the tax deducted. |