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PSB THE POWER OF 400 DAYS

PSB THE POWER OF 400 DAYS

  • The salient features of the scheme are placed as under-
  • Name of the scheme: “ PSB THE POWER OF 400 DAYS”
  • Who can open this account:
    1. Individuals: Resident Individuals including minors, Body of individuals.
    2. Non-Individuals: Non-individuals like Hindu Undivided Family (HUF), Sole Proprietorship firms; Partnership firms, Companies, Association of persons etc.
  • Tenure of Deposit: For a Period 400 Days only.
  • Scheme Validity: Upto 31ST December, 2022.
  • Rate of interestSpecial Rate of Interest i.e. flat 5.80 % (Per annum).
  • Auto Renewal: After maturity the eligible maturity amount will be renewed for a period of one year at a time (at every incident of maturity) in General Term Deposit Product of the Bank at the prevailing rate of interest (as applicable) without any additional interest thereupon.  
  • Whether Staff benefit in terms of additional rate of interest Available under this scheme: Yes, as per the extant guidelines of the Bank.
  • Whether Senior Citizen benefit in terms of additional rate of interest Available under this scheme: Yes.
  • Where these Accounts can be opened: All branches are authorized to open accounts under this scheme.
  • Nomination facility: Available. In case, the account holder is minor, the nomination shall be made by a person lawfully entitled to act on behalf of the minor.
  • Minimum Deposit in the Account : Rs 25,000/-

    (Above Rs 25,000/- in multiple of Rs 5000/-, Rs 10,000/-)

  •  Maximum Deposit in the Account: Rs 1,50,00,000/- 

 

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