The Punjab National Bank (PNB) Anupam Term Deposit Scheme has taken the financial world by storm. With an attractive interest rate of up to 8.05%, this fixed deposit (FD) scheme has become a popular choice among investors looking for safe, high-return investments. In this article, we will break down the details of the scheme, its benefits, eligibility, and how you can make the most of this opportunity.
PNB’s 8.05% Interest Fixed Deposit Scheme
| Feature | Details |
|---|---|
| Bank Name | Punjab National Bank (PNB) |
| Scheme Name | PNB Anupam Term Deposit Scheme |
| Interest Rate | Up to 8.05% (for senior citizens) |
| Minimum Deposit | ₹10,000 |
| Maximum Deposit | ₹1,99,99,000 |
| Tenure | 6 months to 10 years |
| Interest Payout | Quarterly (March, June, September, December) |
| Eligibility | Individuals, partnership firms, trusts, companies, and HUFs |
| Official Website | PNB Official Website |
PNB’s Anupam Term Deposit Scheme is an excellent choice for investors seeking safe, high-return investments with guaranteed income. With an interest rate of up to 8.05%, it outperforms traditional savings accounts while offering security and flexibility. Whether you are a retiree, salaried employee, or business owner, this FD can be a smart addition to your portfolio.
Why Is This PNB Scheme So Popular?
With inflation on the rise and market volatility causing uncertainty, investors are looking for low-risk, high-return investment options. This PNB FD scheme provides a stable and predictable income stream, making it an ideal choice for:
- Retirees seeking safe investments.
- Salaried professionals looking to park their savings.
- Business owners who want to earn higher returns on idle funds.
- Risk-averse investors who prefer safety over stock market fluctuations.
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Understanding Fixed Deposits & Why They Matter
A fixed deposit (FD) is a type of investment where you deposit a lump sum of money with a bank for a fixed period, and in return, the bank pays you interest. Unlike stocks or mutual funds, FDs offer guaranteed returns, making them a preferred choice for conservative investors.
Benefits of Fixed Deposits:
- Assured Returns – Unlike stock markets, FDs are not affected by market volatility.
- Flexible Tenure – Investors can choose between 6 months to 10 years.
- Loan Against FD – You can borrow up to 90% of your FD amount.
- Tax Benefits – 5-year tax-saving FDs qualify for Section 80C deductions.
- No Market Risk – Your principal amount is 100% safe.
Breakdown of Interest Rates
The interest rate depends on the tenure and category of depositors. Here’s how it looks:
| Tenure | General Public Interest Rate | Senior Citizens Interest Rate |
|---|---|---|
| 7 Days to 1 Year | 5.50% | 6.00% |
| 1 Year to 2 Years | 6.75% | 7.25% |
| 2 Years to 5 Years | 7.00% | 7.50% |
| 5 Years and Above | 7.25% | 8.05% |
Super senior citizens (80+ years) get an additional 0.25% interest over the senior citizen rate.
How to Open a PNB Fixed Deposit Account?
Step 1: Choose Your Investment Amount & Tenure
Decide how much you want to invest and for how long. Higher tenures usually yield better interest rates.
Step 2: Visit the PNB Website or Branch
You can open an FD through:
- PNB Internet Banking
- PNB One Mobile App
- Nearest PNB Branch
Step 3: Fill Out the FD Application Form
Provide essential details like name, PAN card, Aadhaar, mobile number, and nominee details.
Step 4: Deposit Your Money
Transfer funds online or submit a cheque at the branch.
Step 5: Receive FD Receipt & Start Earning Interest
After processing, you will receive an FD receipt as proof of your investment.
Who Can Invest in PNB’s Anupam Term Deposit Scheme?
The scheme is open to a wide range of investors, including: Individuals (Indian residents). Hindu Undivided Families (HUFs). Partnership firms. Trusts and societies. Sole proprietors. Limited companies
Is PNB’s 8.05% FD a Good Investment?
Best for Retirees: Higher interest rates ensure a steady income flow. Great for Diversification: Helps balance high-risk investments like stocks. Tax Planning: Opt for a 5-year FD to avail tax benefits under Section 80C. Beats Regular Savings Account Returns: A standard savings account offers only 2.70%-3.50% interest.
PNB’s 8.05% Interest Fixed Deposit Scheme FAQs
1. What is the maximum interest rate offered in PNB’s Anupam FD Scheme?
The highest rate is 8.05% for senior citizens on long-term deposits.
2. Can I withdraw my FD before maturity?
Yes, but premature withdrawal may attract penalties and lower interest rates.
3. Can NRIs invest in this scheme?
No, this scheme is only for Indian residents.
4. How is the interest paid?
Interest is paid quarterly (March, June, September, December) or reinvested for compound growth.
5. Is this FD taxable?
Yes, FD interest is taxable under “Income from Other Sources”. TDS applies if annual interest exceeds ₹40,000 (₹50,000 for senior citizens).
