PNB PALAASH GREEN DEPOSIT

PARAMETERSFEATURES*
EligibilityPNB 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.
Deposit AmountMinimum deposit of Rs.5000.00 and thereafter in multiples of Re.1/- with maximum deposit amount less than Rs.10.00 Cr.
TypeCumulative and non-cumulative
CurrencyIndian Rupees only (INR)
Period of DepositThe tenors of PNB PALAASH GREEN DEPOSIT:Days30350612041895
Interest OptionThe 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.
Conversion from PNB PALAASH GREEN DEPOSIT to any other term depositNot allowed.
Auto Renewal/Closure FlagTo be as per customer mandate.
Renewal/ Extension (or premature renewal/ extension) of period of existing PNB PALAASH GREEN DEPOSITYes allowed to be done with in the scheme of PNB PALAASH GREEN DEPOSIT.
Premature Withdrawal (Closure) during the Period of DepositYes allowed but penalty will be levied.
Demand Loan/Overdraft FacilityAllowed
Nomination FacilityAvailable.