Many banks currently provide traditional fixed deposit (FD) options along with special FDs. These special FDs are available for a limited time, and if they receive a positive response from investors, banks may extend the investment period. A key feature of special FDs is that they typically offer higher interest rates compared to standard FDs. It’s important to note that special FDs are non-callable, meaning investors can only access their funds upon maturity. One such offering is the PNB Palaash Green Deposit, which has a tenure of 1204 days. Let’s explore the details.
PNB Palaash Green Deposit 1204 Days Special FD
For this FD, the interest rate for regular citizens is set at 6.45 percent, while senior citizens enjoy a rate of 6.95 percent. If a regular citizen invests Rs 5 lakh, they can expect to earn approximately Rs 1,17,495.99 in interest over 1204 days, resulting in a total maturity amount of Rs 6,17,495.99. On the other hand, if a senior citizen invests the same amount, their estimated interest will be Rs 1,27,594.35, leading to a maturity amount of Rs 6,27,594.35.
PNB Palaash Green Deposit 1204 Days Special FD: Maturity amount for regular citizens on a Rs 9 lakh investment. According to the bank, the estimated return will be Rs 2,11,492.78, bringing the total maturity amount to Rs 11,11,492.78.
PNB Palaash Green Deposit 1204 Days Special FD: Maturity amount for senior citizens on a Rs 9 lakh investment.
The estimated interest for this investment will be Rs 2,29,669.83, resulting in a total maturity amount of Rs 11,29,669.83.
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