With a view to give more benefits on FD schemes to senior citizens category, Punjab National Bank has decided to increase the interest on FD schemes for senior citizens.
New Delhi: The best and most effective way to increase your savings is to invest it somewhere. However, sometimes risk factors are also involved in investing, due to which many people shy away from investing their money somewhere. In such a situation, people’s trust increases more on such tools where there is no risk factor or very less. Because of which bank FD has always been one of the most preferred means of investment.
People’s trust is working on FD
Even though bank FDs fetch less interest and returns than other investment instruments, but this is one of the investment instruments with the lowest risk. Especially the senior citizen category people rely on the bank’s FD schemes the most to deposit their money.
This government bank is giving the benefit of more interest on FD
With a view to give more benefits on FD schemes to senior citizens category, Punjab National Bank has decided to increase the interest on FD schemes for senior citizens. The special thing is that after this increase, senior citizens are getting the benefit of maximum interest in Punjab National Bank.
Getting so much interest
Punjab National Bank has decided to increase the interest payable on FDs of senior citizens by 0.80 percent. However, this benefit is available only to those people whose age is more than 80 years. PNB offers its customers the facility to get FDs from 7 days to 10 years, where they get interest ranging from 3 percent to 6.10 percent. This interest rate ranges from 3.50 percent to 6.60 percent for senior citizens and from 3.80 percent to 6.90 percent for super senior citizens (above 80 years of age).
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