RD in PNB

My cousin wants to know all detailed info about Punjab National Bank Recurring Deposit Scheme, so would you like to provide here PNB RD details???

[Quick Sam]

Punjab National Bank Recurring Deposit Scheme details are as given below:

PNB RECURRING DEPOSIT SCHEME

Documents required:

The Bank requires a satisfactory introduction of the person/s opening the account by a person acceptable to the Bank.

Two recent photographs of the person/s opening the account, as per RBI directives

Permanent Account Number (PAN) or General Index Register (GIR) Number or alternatively obtain declaration in Form No.60 or 61 as per the Income Tax Act (vide Section 139A) from the person/s opening the account.

Terms & Conditions:

Period of RD - 6 months to 120 months in multiple of 3 months

Premature withdrawal is allowed.

No TDS is applicable.

Withdrawals on maturity or one month after deposit of last installment, whichever is later

No TDS applicable

Generally loans/overdrafts against deposits are allowed.

Interest on overdue deposit is paid as per prevalent policy of 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