- The account can be either as single or joint account
- Under this scheme, the Non-Resident Indian can open a Non-Resident Ordinary Savings Account
- To keep the account active and running, you need to keep a minimum balance of Rs.5,000
- This scheme can be opened by small groups or organisations, such as trusts, HUFs, charitable institutions, education institutions, etc.
- For Minors below 10 years, guardians can open this scheme on behalf of them
Note: In case the minor is above 10 years, additional documents as specified by the bank will have to be provided by the guardian.
Features of Punjab National Bank - PNB Dugna Fixed Deposit Scheme
The following are the key features of PNB Dugna fixed deposit scheme:
Account Type | Joint/Single/Organisation |
Amount | The minimum amount for the recurring deposit can be from Rs. 5000 in multiples of Re. 1 and up to Rs. 1 crore per day per customer |
Rate of Interest | The rate of interest will be 7.75% per annum compounded quarterly |
Period | The tenure can be from a minimum of 99 months |
TDS | The bank will issue a TDS certificate for the tax deducted |
Loan against Punjab National Bank - PNB Dugna Fixed Deposit Scheme | The Punjab National Bank - PNB Dugna Fixed Deposit Scheme offers the facility of a loan or overdraft facility available under this scheme. |
Nomination (if any) | NA |
Auto Renewals | This scheme will remain active until the amount is withdrawn from the bank. |
Period of Deposit | The total periods for which this deposit is available under this scheme is a maximum 109 months |
Punjab National Bank - PNB Dugna Fixed Deposit Scheme interest rates
Tenure | Interest rate for senior citizens | Interest rate for others |
1 year but less than 2 years | 7.75% + 0.50% | 7.75% |
More than 2 years but less than 5 years | 7.75% + 0.50% | 7.75% |
More than 5 years but less than 10 years | 7.75% + 0.50% | 7.75% |
* The interest rates mentioned are at the discretion of the bank and are subject to change
