This is called a bumper return! Invest in this scheme of PNB for less than 1 year. Earn interest up to 7.85%
If you like safe investments and want bumper returns, Punjab National Bank (PNB) has a special scheme option for you. The special thing is that in this scheme you don’t need to invest your money for a long time, but you will also get a good profit in a short time. We are talking about PNB’s fixed deposit scheme, on which PNB has recently increased the interest rate. The new interest rates are effective from January 8.
Punjab National Bank has increased the interest on this FD by 80bps i.e. 0.80%. With rising interest rates, now general public, senior citizens and super senior citizens will all benefit from increased interest rates on these FDs. In such a situation, interest up to 7.85% can now be charged on this FD. Know how much profit everyone from common man to super senior citizen can earn on investment of 1 lakh, 2 lakh and 5 lakh.
These are increased interest rates
In this fixed deposit scheme of PNB, general public is getting interest at the rate of 7.05%, up from 6.25% earlier, while senior citizens will get 7.55% interest up from 6.75% earlier. Super senior citizens can get the best interest on this. Now they will get interest at the rate of 7.85% which was earlier 7.05%.
How much profit on an investment of 1 lakh
General People: Interest Rate 7.05%, Profit Rs. 6,362 = Amount after maturity Rs. 1,06,362
Senior Citizen: Interest Rate 7.55%, Profit Rs. 6,405 = Amount after maturity Rs. 1,06,405
Super Senior Citizens: Interest rate 7.85%, Profit Rs 6,665 = Amount after maturity Rs. 1,06,665
How much profit on an investment of 2 lakhs
General People: Interest Rate 7.05%, Profit Rs. 12,723 = Amount after maturity Rs. 1,12,723
Senior Citizen: Interest Rate 7.55%, Profit Rs. 12,810 = Amount after maturity Rs. 1,12,810
Super Senior Citizens: Interest Rate 7.85%, Profit Rs. 13,330 = Amount after maturity Rs. 1,13,330
How much profit on an investment of 5 lakhs
General People: Interest Rate 7.05%, Profit Rs. 31,808 = Amount after maturity Rs. 1,31,808
Senior Citizen: Interest Rate 7.55%, Profit Rs. 32,024 = Amount after maturity Rs. 1,32,024
Super Senior Citizens: Interest Rate 7.85%, Profit Rs. 33,326 = Amount after maturity Rs. 1,33,326