PNB RD Scheme : There are many ways to invest nowadays, but if you are looking for a safe and easy way, then the Recurring Deposit (RD) scheme can be a great option. This scheme gives you a chance to collect a large amount by depositing small amounts. If you also want to increase your savings, then Punjab National Bank (PNB)’s RD scheme can be a good option for you.
What is PNB’s RD scheme?
PNB’s Recurring Deposit (RD) scheme is for those who want to make a big amount by depositing a small amount every month. In this scheme, you have to deposit a fixed monthly amount regularly. Recently PNB has increased the interest rates of its RD scheme, which will now give you even better returns. In this scheme, you can invest for a period of 6 months to 10 years.
This is how you can start investing.
Investment in PNB RD scheme can start from only ₹ 100. There is not much limit in this; that is, you can invest as much as you want. The advantage of this is that you can start investing with a small amount as per your convenience. To open an account in this scheme, you can go to the nearest PNB branch, or you can also (PNB RD Scheme) open an account online.
You will get so many lakhs by depositing Rs 4500 every month.
If you invest ₹ 4,500 per month in PNB’s RD scheme, then after one year your deposit amount will be ₹ 54,000. Similarly, after 5 years your total amount will be ₹ 270,000. Now, PNB gives you a 6.5% interest rate on this amount, so that you will get a total of ₹ 319,464 on maturity. That is, if you deposit money regularly, then you can get good returns.
How can an RD account be opened?
If you want to invest in this scheme, first of all, you have to apply by going to any branch of PNB. To open an account, you have to bring some important documents (PNB RD Scheme) with you, like your Aadhar card, PAN card, and bank account details. Apart from this, PNB also gives you the facility of a loan, which can benefit you even more.
Conclusion
PNB’s recurring deposit scheme is a safe and convenient way to increase your savings. By investing small amounts in it, you can get good returns in the long run. Its interest rates are also attractive, and this scheme is suitable for everyone. So if you want to increase your savings, then definitely consider investing in PNB RD scheme.
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