#1
| |||
| |||
Punjab National Bank Tax Saver Fixed Deposit |
#3
| |||
| |||
Re: Punjab National Bank Tax Saver Fixed Deposit
Punjab National Bank (PNB) offers its customers an option to open a fixed deposit account that allows them to benefit from preferential interest rates and also saves the investment thus made from incurring any extra taxation at the time of its maturity. PNB Tax Saver Fixed Deposit Scheme Features Individuals (including illiterate, blind persons), singly or jointly, and HUF Minimum Deposit Rs100/- or in multiples thereof, subject to maximum deposit of Rs. 1.50 lac per financial year Deposit Amount- Minimum deposit is INR 100 Maximum deposit per financial year will be INR 150000 Eligibility Criteria - Customer must be above 18 years of age Customer must be either salaried or self-employed Customer must have existing banking relationship with Punjab National Bank (PNB) or must come with proper introductions Period- Minimum duration 5 years Maximum duration 10 years Terms & Conditions: Min deposit period 5 years & Max deposit period 10 years. Rebate on income tax under Sec. 80 c Lock in period of 5 years. Loan available after lock in period of 5 years Premature withdrawals are allowed after the completion of 5 years of deposit. However, in case of death of the depositor before the maturity of term deposit, levy of penalty would be exempted and nominee/legal heir will be allowed premature payment even before the lock-in-period as per rules. Interest on deposits is payable at card rate either monthly at discounted value or quarterly or compounded quarterly (i.e., reinvestment of interest) on the date of maturity at the option of the depositor as applicable under particular deposit scheme. Nomination facility is available. TDS is applicable as per rules. The Bank will issue TDS Certificate for the tax deducted. Contact- Corporate Office: PNB Plot No 4, Sector -10 Dwarka New Delhi -110075 |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Loan Against Fixed Deposit State Bank Of India | Unregistered | Main Forum | 1 | 3rd February 2018 04:05 PM |
Fixed Deposit Interest Rates in Abhyudaya Bank | Unregistered | Main Forum | 1 | 7th December 2016 05:15 PM |
Central Bank Of India Tax Saver Fixed Deposit | Unregistered | Main Forum | 1 | 11th November 2016 09:50 AM |
Punjab National Bank Fixed Deposit Rates | Unregistered | Main Forum | 1 | 28th October 2016 12:52 PM |
Punjab National Bank Term Deposit Rates | Unregistered | Main Forum | 1 | 28th October 2016 08:51 AM |
State Bank Of Patiala Fixed Deposit Rates | Unregistered | Main Forum | 1 | 4th October 2016 06:16 PM |
Bank Of India Schemes Fixed Deposit | Unregistered | Main Forum | 1 | 4th October 2016 08:30 AM |
Bank of Baroda Fixed Deposit Schemes | Unregistered | Main Forum | 1 | 20th November 2015 05:09 PM |
Punjab National Bank fixed deposit rates interest | Unregistered | Online MBA Discussions | 1 | 18th November 2015 12:53 PM |
State Bank of India Tax Saver Fixed Deposit | Unregistered | Main Forum | 0 | 17th July 2015 09:12 AM |
Fixed Deposit in Syndicate Bank | Unregistered | Main Forum | 0 | 16th July 2015 03:26 PM |
Punjab National Bank Deposit Form | Unregistered | Main Forum | 0 | 16th July 2015 10:51 AM |
Fixed Deposit in Punjab National Bank | Unregistered | Main Forum | 0 | 14th July 2015 05:00 PM |
Ing Vysya bank fixed deposit interest rate | Unregistered | Main Forum | 0 | 14th July 2015 10:49 AM |
Abhyudaya bank loan against fixed deposit | Unregistered | Main Forum | 0 | 13th July 2015 03:12 PM |
Punjab National Bank Of India Fixed Deposit Rates | Unregistered | Main Forum | 0 | 9th July 2015 09:26 AM |
Bank of India Fixed Deposit Rates Latest | Arun Boxer | Main Forum | 1 | 5th April 2013 02:16 PM |
Punjab national bank fixed deposit rates | kdeoras | Main Forum | 1 | 22nd January 2013 04:26 PM |
Union Bank of India Fixed Deposit Rates | ritukesari.der | Main Forum | 1 | 15th October 2012 08:34 PM |
Vijaya Bank Interest Rates on Fixed Deposit | Unregistered5 | Main Forum | 1 | 25th August 2012 03:48 PM |
|