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Maximize Returns With Punjab National Bank 390-Day Fixed Deposit For Senior Citizens
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News18•19-10-2026, 14:43
Maximize Returns With Punjab National Bank 390-Day Fixed Deposit For Senior Citizens
- •Punjab National Bank offers a special 390-day fixed deposit scheme with varying interest rates based on age groups.
- •Senior citizens receive a higher annual interest rate of 6.80%, earning approximately Rs 37,300 in interest on a Rs 5 lakh investment.
- •Super senior citizens can earn an estimated interest of Rs 39,000 at a 7.10% annual rate, bringing total maturity to around Rs 5.39 lakh.
- •Regular customers earn 6.30% interest, yielding an estimated return of Rs 34,500 on the same principal amount.
- •Investors should check compounding methods, tax implications, and premature withdrawal rules before opening the fixed deposit.
Key Questions Answered
Senior citizens receive an annual interest rate of 6.80% on Punjab National Bank's 390-day fixed deposit tenure.
A regular customer can earn an estimated Rs 34,500 in interest on a Rs 5 lakh FD over 390 days at an annual rate of 6.30%.
Super senior citizens earning an annual interest rate of 7.10% can receive approximately Rs 39,000 in interest, bringing the total maturity amount to around Rs 5.39 lakh.
