PNB Recurring Deposit Scheme

Features:

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.
Fixed Monthly Installment – Minimum Rs.100 per month and thereafter in in multiples of Rs.1
Maximum Monthly Installment - Rs.25 lakh per customer per month
Flexible Tenures: Between 6 months to 120 months in multiple of 1 months.
Standing Instruction facility available for deposit of monthly installment.
Loan facility available against RD balance.
Premature withdrawal option available with 1% penal interest.
Nomination facility available.

Payment of RD will be due on maturity or one month after deposit of last installment, whichever is later.
TDS is applicable as per rules.
Delayed installments can be deposited before maturity, by paying a nominal penalty of Rs.1 per Rs.100 per month.
In case of pending installments at maturity, interest is applied on daily balances with half-yearly compounding.
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 and 80bps for a period above 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.

Tenor	Monthly Core Amount(In Rs.)	RoI	Maturity Value(In Rs.)
To get Rs.10 lakh on Maturity, invest Monthly as per the chart illustrated below:
1 Year	80503	6.4	1000005
2 Year	38974	6.4	1000003
3 Year	25150	6.4	1000017
4 Year	18214	6.4	1000047
5 Year	14087	6.5	1000048
6 Year	11527	6	1000061
7 Year	9572	6	1000055
8 Year	8112	6	1000076
9 Year	6982	6	10000128
10 Year	6082	6	1000057

Tenor	Monthly Core Amount(In Rs.)	RoI	Maturity Value(In Rs.)
To get Rs.5 lakh on Maturity, invest Monthly as per the chart illustrated below:
1 Year	40255	6.4	500046
2 Year	19490	6.4	500078
3 Year	12575	6.4	500009
4 Year	9110	6.4	500188
5 Year	7044	6.5	500059
6 Year	5765	6	500161
7 Year	4790	6	500446
8 Year	4060	6	500531
9 Year	3495	6	500637
10 Year	3041	6	500029

Tenor	Monthly Core Amount(In Rs.)	RoI	Maturity Value(In Rs.)
To get Rs.1 lakh on Maturity, invest Monthly as per the chart illustrated below:
1 Year	8051	6.4	100009
2 Year	3898	6.4	100016
3 Year	2515	6.4	100002
4 Year	1822	6.4	100038
5 Year	1409	6.5	100026
6 Year	1153	6	100032
7 Year	958	6	100089
8 Year	812	6	100106
9 Year	699	6	100127
10 Year	609	6	100137