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New Delhi: Amidst the ups and downs of the stock market, if you want to invest your hard-earned money in a place where the risk is zero and the returns are excellent, then Punjab National Bank (PNB) has brought a great opportunity for you. PNB’s new fixed deposit (FD) scheme has become a topic of discussion among investors these days. Through this special scheme, the bank is assuring customers of guaranteed and secure returns, which can prove to be very helpful in meeting future needs.
Mathematics of bumper returns on investment of ₹2 lakh
The interest rates in this special FD scheme of Punjab National Bank are so attractive that your money grows rapidly. If an investor fixes an amount of ₹2 lakh under this scheme for a fixed long term, he can get around ₹99,732 only as interest at the time of maturity. This means that while your principal amount remains safe, you are getting an additional profit of around 50% only through interest. This is a great option for those who want to save a huge amount for the future by depositing a lump sum.
Icing on the cake for senior citizens
PNB always takes special care of its elderly customers. In this scheme also, 0.50% to 0.75% more interest is being offered to senior citizens as compared to normal customers. This simply means that if you get this FD done in the name of the elders of your family, the return amount will increase even more. This is one of the most trusted schemes of PNB for people looking for a safe investment after retirement.
Your money is completely safe from market risks
Nowadays, where there is a fear of losing money in mutual funds and stock market, PNB’s FD gives you mental peace. Market decline has no effect on bank FD. Once you invest your money, the bank is obliged to pay you the decided interest rate. Being a government bank, your money remains completely safe in Punjab National Bank, due to which it remains the first choice of middle class families.
It is important to know these things before investing
Before taking advantage of this scheme, you should understand some important aspects. The longer the tenure of the investment, the higher the interest benefit. However, keep in mind that if you withdraw money before maturity, the bank may impose some penalty on it. Also, the bank keeps changing its interest rates from time to time, so make sure to check the latest rates for the day of investment from your nearest PNB branch or the bank’s website.
Why choose this special FD of PNB?
If your goal is to grow your money without any tension, then this scheme is made for you. In this you get fixed income, which you can use for big goals like children’s education, marriage or buying a house. Due to easy process and reliable banking services, this FD scheme of PNB is proving to be a superhit formula of investment in today’s time.