PNB’s 8.10% Strong Interest Rate FD Scheme, Get Higher Returns
400 Days Special Fixed Deposit, Punjab National Bank
Since the Reserve Bank of India (RBI) raised the repo rate by 0.35%, all banks have increased their loan rates and also raised the interest rates on their fixed deposit (FD) schemes, launching new FD schemes. In this regard, Punjab National Bank (PNB) has increased its FD interest rates from 01-01-2023 and launched a new PNB 400 Days Special Fixed Deposit scheme. By investing in this scheme, you will get an interest rate of 8.10%. You can also apply for this scheme online.
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PNB 400 Days FD
Punjab National Bank 400 Days Fixed Deposit Scheme & Interest Rates
PNB 400 Days FD | Punjab National Bank 400 Days Special Fixed Deposit Scheme
If you open an FD with a deposit amount between ₹1 lakh to ₹10 lakh, you may want to know how much maturity amount you will get in 666 days. This article explains the maturity amounts for general public, senior citizens (ages 60-80), and super senior citizens (above 80 years old) if they invest in the PNB 666 Days Special Fixed Deposit scheme.
FD Interest Rate for 400 Days
For a 400 day FD in Punjab National Bank, the interest rates are as follows:
- General Public: 7.30%
- Senior Citizens (60 to 80 years old): 7.80%
- Super Senior Citizens (above 80 years old): 8.10%
Maturity Amount for General Public (7.30% Interest Rate for 400 Days)
- For ₹1 lakh deposit: ₹1,08.250
- For ₹2 lakh deposit: ₹2,16.501
- For ₹2.5 lakh deposit: ₹2,70,626
- For ₹3 lakh deposit: ₹3,24,751
- For ₹5 lakh deposit: ₹5,41,253
Maturity Amount for Senior Citizens (7.80% Interest Rate for 400 Days)
- For ₹1 lakh deposit: ₹1,08,834
- For ₹2 lakh deposit: ₹2,17,668
- For ₹2.5 lakh deposit: ₹2,72,085
- For ₹3 lakh deposit: ₹3,26,503
- For ₹5 lakh deposit: ₹5,44,171
- For ₹10 lakh deposit: ₹10,88,343
Maturity Amount for Super Senior Citizens (8.10% Interest Rate for 400 Days)
- For ₹1 lakh deposit: ₹1,09,185
- For ₹2 lakh deposit: ₹2,18,371
- For ₹2.5 lakh deposit: ₹2,72,964
- For ₹3 lakh deposit: ₹3,27,557
- For ₹5 lakh deposit: ₹5,45,928
- For ₹10 lakh deposit: ₹10,91,857
Important Information:
If you are under 60 years old and earn more than ₹40,000 interest from your FD, 10% TDS will be deducted. If you do not file income tax, you can avoid tax by submitting Form 15H to the bank.
If you are over 60 years old and earn more than ₹50,000 interest from your FD, 10% TDS will be deducted. However, you can save tax by submitting Form 15H to the bank if you do not file income tax.
Download the 400 Days FD Maturity Amount Calculator
If you want to download the 400 Days FD Maturity Amount Calculator for free, you can click the link below to generate it.
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