People looking for a safe and tension-free investment often choose PNB FD (Punjab National Bank Fixed Deposit). This option is popular among salaried employees, families, retired people, and small business owners because it gives fixed returns without market risk. If you invest ₹2 lakh in a PNB FD for 5 years, it is important to know how much money you will get at maturity.
How Interest is Given on PNB FD
In a PNB Fixed Deposit, the bank currently offers around 6.5 percent interest per year for a 5-year period. The interest is added every year to your main amount. This means next year’s interest is calculated on a bigger amount. This helps your money grow slowly and safely. The best part of a PNB FD is that returns are fixed from the start & do not change with the market.
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₹2 Lakh PNB FD 5-Year Calculation
If you invest ₹200,000 in a PNB FD for 5 years at 6.5 percent interest the total amount after maturity will be around ₹2,76,084. This means you earn about ₹76,084 as interest in five years. Since PNB fixes the interest rate on the first day, your money remains completely safe till maturity.
Who Should Choose PNB FD
A PNB FD investment is best for people who want guaranteed returns. Working professionals invest their savings or bonuses in fixed deposits. Senior citizens prefer PNB FD because of stable income. Families also invest to save money for children’s education or home expenses. Small business owners use PNB FD to safely park extra funds.
How You Can Use the PNB FD Maturity Amount
After 5 years the PNB FD maturity amount of ₹2.76 lakh can be used for home repairs, school fees, medical needs, business expenses or emergency savings. Many people also renew their PNB FD to earn more interest in the future.
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PNB allows early closure of fixed deposits but the interest may be lower & a small penalty can be charged. To get full benefit it is better to keep the PNB FD till the end of 5 years. This article is only for information. PNB FD interest rates can change so always check the latest rates with the bank before investing.
You can also read more different types of PNB FD Schemes on Visiting there Official Website.
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