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PARAMETERS |
FEATURES* |
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Eligibility |
PNB PALAASH GREEN DEPOSIT can be opened by Individuals /Proprietorship firms/ Partnership firms / Private and Public Limited Companies / HUFs / Specified Associates / Societies / Trusts, Departments of Authority created by Government (Central or State),Limited Liability Partnership, etc. |
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Deposit Amount |
Minimum deposit of Rs.5000.00 and thereafter in multiples of Re.1/- with maximum deposit amount less than Rs.10.00 Cr. |
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Type |
Cumulative and non-cumulative |
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Currency |
Indian Rupees only (INR) |
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Period of Deposit |
The tenors of PNB PALAASH GREEN DEPOSIT:
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Period |
1204 Days |
1895 Days |
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Interest Option |
The interest on PNB PALAASH GREEN DEPOSIT is payable to customer either on maturity option or on income option The interest compounding will be done as per existing norms. |
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Conversion from PNB PALAASH GREEN DEPOSIT to any other term deposit |
Not allowed. |
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Auto Renewal/Closure Flag |
To be as per customer mandate. |
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Renewal/ Extension (or premature renewal/ extension) of period of existing PNB PALAASH GREEN DEPOSIT |
Yes allowed to be done with in the scheme of PNB PALAASH GREEN DEPOSIT. |
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Premature Withdrawal (Closure) during the Period of Deposit |
Yes allowed but penalty will be levied. |
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Demand Loan/Overdraft Facility |
Allowed |
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Nomination Facility |
Available. |
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Additional ROI to Senior Citizen, Super Senior Citizen , Staff, Retired staff etc. |
As applicable in existing term deposit scheme. |