What is Lakhpati deposit scheme?

What is Lakhpati deposit scheme?

The PNB Lakhpati Deposit Scheme is a two-in one deposit scheme where the customer can avail the benefits of it being a fixed deposit account as well as a recurring deposit account. On the basis of maturity period, the fixed deposit works where the recurring deposit at the end of the tenure becomes fixed deposit.

What is auto sweep account in PNB?

Punjab National Bank offers Prudent Sweep Deposit Scheme which provides the facility of automatic balance transfer from savings account to fixed deposit to help you earn higher rate of interest on your savings. Features & Benefits. Open PNB SF Prudent Sweep Deposit Account with an initial deposit as low as Rs. 500.

What is the interest of 50000 in PNB bank?

Punjab National Bank FD Returns Based on Investment Amount

Investment Amount	For 3 years with interest of 5.25%	For 5 years with interest of 5.25%
₹ 50,000	₹64972	₹64972
₹ 1 lakh	₹129943	₹129943
₹ 2 lakh	₹259886	₹259886
₹ 5 lakh	₹649716	₹649716

How can I open RD account in Bank of Maharashtra?

Log into your netbanking account online using your login credentials i.e. user name and password. After log into your Bank Of Maharashtra Netbanking Account, select E-Recurring Deposit option from the menu. Fill up the form and mention RD amount & tenure, etc.

What is UCO Sowbhagya?

UCO Sowbhagya Recurring Deposit Scheme (Scheme Code – RDUSS) The ‘UCO Sowbhagya RD Scheme’ offers all facilities of a Normal Recurring Deposit along with the flexibility of varying monthly installments for a higher yield on maturity.

Can I withdraw MIS before maturity?

Q10: Is Premature Withdrawal of the POMIS allowed? Ans. Yes, the premature withdrawal facility is allowed after 1 year. However, if you withdraw before 3 years a deduction of 2% on deposit and after 3 years a deduction of 1% on deposit is applicable.

What is Post Office MIS 2021 interest?

For the quarter ending 30 September 2021, the interest rate is 6.6% per annum, payable monthly. For instance, Mr Sharma has invested Rs. 4.5 lakh in the post office monthly investment scheme for 5 years.

What is the interest of 10 lakh in PNB?

Domestic & NRI Saving Account Interest Rates : (w.e.f. 16th February 2022)

	Rate of Interest
Saving Fund Account Balance below Rs.10 Lakh	2.75% p.a.
Saving Fund Account Balance of Rs.10 Lakh & above	2.80% p.a.

What is the interest of 1 lakh in PNB bank?

1 lakh for a period of 2 years in a PNB FD scheme at the rate of 5.10% per annum, with an annual compounding frequency, the total maturity value will be Rs. 1.1 lakh.

What is the Punjab National Bank Lakhpati scheme?

The Punjab National Bank provides a unique deposit product called the PNB Lakhpati Scheme, in this scheme the products has a special feature of being a recurring deposit as well as a fixed deposit.

What are the fixed deposit schemes of PNB in India?

PNB PRANAM FIXED DEPOSIT SCHEME Read more.. PNB Mibor Linked Notice Deposit Scheme MIBOR linked notice deposit scheme provides a deposit product with a Market determined interest rate linked to MIBOR (Mumbai Inter Bank Offer Rate)NSE Overnight Read more.. PNB Floating Rate Fixed Deposit Scheme Read more.. PNB GROWTH FIXED DEPOSIT SCHEME Read more..

What is the minimum deposit amount in PNB systematic Deposit Plan?

PNB Systematic Deposit Plan Minimum of Rs. 100/- or above in its multiples. However, monthly deposit will not exceed ten times of such core. Read more.. PNB Ordinary Term Deposit Scheme PNB Ordinary Term Deposit Scheme Read more.. PNB Varshik Aay Yojana (VAY) Deposit Scheme

What is PNB Varshik Aay Yojana deposit scheme?

PNB Varshik Aay Yojana (VAY) Deposit Scheme Minimum deposit of Rs.10, 000/- and in multiples of Rs. 1000 there of upto Rs. 1, 99, 99,000/- Read more.. PNB Tax Shield Fixed Deposit Scheme