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PNB Sugam Plus & PNB Uttam- 444 DEPOSIT SCHEME

PNB SUGAM PLUS - 444 DAYS

PARAMETER FEATURES*
Eligibility Individual (singly or jointly) with others
  Minors who have attained the age of 10 years and above in his own name on giving proof of age
  Minors under guardianship of natural/legal guardian
  Proprietorship/partnership firm, commercial organization, company/ corporate body.
  Hindu Undivided Family
  Association, club, society, trust or religious / charitable or educational institution.
  Municipality or Panchayat, Government or quasi – government body.
Deposit Amount Minimum deposit of Rs.10, 000/- and thereafter in multiples of Rs.1, 000/- with maximum amount of Rs.10.00 Crore.
Rate of Interest As circulated from time to time by HO: IRMD(ALM Cell)
Period of Deposit 444 Days
Auto Renewal Default period of Renewal has been set as 12 months
Part Withdrawal Not Allowed
Tax Deducted At Source The extant guidelines issued by Finance & Taxation Cell, Finance Division, HO from time to time shall be applicable.
Premature Closure 1% penal interest shall be charged at the time of premature cancellation/part withdrawal of domestic term deposits for all tenors and interest rate payable would be contractual rate minus 1% or the rate under the scheme on the contractual date applicable for the tenor for which the deposit has actually run minus 1%, whichever is lower.
  No penalty is to be levied if the deposit is prematurely closed for the purpose of investment to any other term deposit scheme of the bank provided that the deposit remains with the bank after the re-investment for a period longer than the remaining period of the original contract.
  Staff members/Senior Citizen (except their term deposit, if any, accepted by Bank on Differential Rate of Interest basis), instances of death of the depositor before maturity, and are exempted from the levy of 1% penal interest.

* Other terms and conditions as per general guidelines

PNB UTTAM TERM DEPOSIT SCHEME – 444 DAYS (NON-CALLABLE DEPOSIT SCHEME OFFERING PREFERENTIAL RATE)

PARAMETER FEATURES*
Eligibility Individual (singly or jointly) with others
  Minors who have attained the age of 10 years and above in his own name on giving proof of age
  Minors under guardianship of natural/legal guardian
  Proprietorship/partnership firm, commercial organization, company/ corporate body
  Hindu Undivided Family
  Association, club, society, trust or religious / charitable or educational institution.
  Municipality or Panchayat, Government or quasi – government body.
Deposit Amount Above Rs.15.00 lakh and thereafter in multiples of Rs.1000/- with maximum amount of Rs.10.00 Crore.
Rate of Interest As circulated from time to time by HO:IRMD(ALM Cell)
Period of Deposit 444 Days
Auto Renewal Default period of Renewal has been set as 12 months
Part Withdrawal Not Allowed
Tax Deducted At Source The extant guidelines issued by Finance & Taxation Cell, Finance Division, HO from time to time shall be applicable.
Premature Closure Not Allowed

*Other terms and conditions as per general guidelines

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