Opening an FD Account with Punjab National Bank

Ishita
Ishita
Jul 10, 2017 · 2 min read

Opening a bank account is a common practice nowadays. Every salaried or even a self-employed professional holds a bank account for the smooth transaction and easy management of finances. But the role of bank accounts is not limited to just transactions. A lot of accounts are held to reap benefits, the FD account being one of them.

What is an FD account?

A fixed deposit account can be opened with any bank. In this account, the customer fixes a certain amount of money for a certain period of time. Interest is earned that helps in getting a good amount of return. Different banks have a different rate of interests that have been set accordingly. Among many banks that offer a lucrative rate of interest, one should consider opening an FD account with PNB.

Why open an FD account with PNB?

There are various benefits of opening an FD account with PNB. Some of these are mentioned below:

1. Different types of FD accounts

2. Different tenure and minimum and maximum amount for these accounts

3. The PNB FD rates are higher than the savings account.

4. Fixed deposit is the easy way of saving an amount of money and also earning a good amount of return.

How to Open an FD account with PNB?

There are two options that are available to open an FD account with the PNB. Any Indian individual above 10 years of age can walk into the nearest PNB branch to open an account with all the KYC requirements.

Minors below 18 years of age would require parental guidance and authorization. Also, those who already have a net banking account and have a PAN card can directly open an FD account online. One would need to go to ‘manage my accounts’ tab after logging in to drop the request of opening a new account.

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