PNB Systematic Deposit Plan

Brief features of the product:

Eligible Customers - Individual (singly or jointly) with others/ Minors/ Hindu Undivided Family/ Proprietorship/ Partnership Firm/ Commercial Organization/ Company / Corporate Body/ Association/ Club/ Society/ Trust / Religious/ Charitable Educational Institutions/ Municipality/ Panchayat/ Government/ Quasi-Government body.
Flexible Monthly Installment – Minimum Rs.100 per month and thereafter in in multiples of Rs.1, with flexibility of depositing up to ten times the core monthly deposit in a month.
Maximum Monthly Installment - Rs.2,50,000 per customer per month (max. Rs. 25 lakhs i.e. 10 times of the core monthly installment)
Flexible Tenures: Between 6 months to 60 months.
Standing Instruction facility available for deposit of monthly instalment.
Loan facility available against RD balance.
Nomination facility available.

TDS is applicable as per rules.
No penalty for delayed instalments.
Interest will be paid half yearly calculated on daily product basis
Rate of interest would be card rate as applicable to all the tenors of deposit as displayed on website, subject to change from time to time.
Senior citizens of age 60 years and above to below 80 years shall get an additional rate of interest of 50 bps over applicable card rates for a period up to 5 years on domestic deposits of less than Rs. 3 Crore.
Super Senior Citizens of age 80 years & above shall get an additional rate of interest of 80 bps over applicable card rate across all maturity buckets.