Punjab National Bank Fixed Deposit Account

Please provide me the brief feature of the PNB Tax Saver Fixed Deposit Scheme

[Pathak]

PNB Tax Saver Fixed Deposit Scheme

Brief features of the product:

Individuals (including illiterate, blind persons), singly or jointly, and HUF
Minimum Deposit Rs100/- or in multiples thereof, subject to maximum deposit of Rs. 1.00 lac per financial year

Terms & Conditions:

Min deposit period 5 years & Max deposit period 10 years.
Rebate on income tax under Sec. 80 c
Nomination facility Available
Lock in period of 5 years.
Loan available after lock in period of 5 years against Deposit
Premature withdrawals are allowed after the completion of 5 years of deposit.
Interest on deposits is payable either monthly at discounted value or quarterly or compounded quarterly (i.e., reinvestment of interest) or on the date of maturity at the option of the depositor as applicable under particular deposit scheme.
Interest on overdue deposit is paid if the deposit is renewed, as decided by the Bank from time to time.
Interest on bank deposits is exempt from income tax up to a limit specified by Income Tax authorities from time to time. The Bank will issue TDS Certificate for the tax deducted.

I am here by providing you the image that contain the details of the interest rate