Features
| Eligibility | Individuals for crediting amount from Capital Gain |
| Deposit | The minimum deposit time period is 7 days to a maximum of 10 years |
| Deposit Account | There are two types of Deposit Account under this scheme, the deposits may be made under the arrangements of Section 54, 54B, 54D, 54F or 54G of the I.T. Act.
· Deposit A : this types of account will be in the form of PNB existing saving fund account. · Deposit B : this types of account will be in the form of PNB existing Term deposit account |
| Premature Withdrawal | Premature withdrawal is allowed before the expiry of the time period for which deposit was made. |
| Utilization of amount of withdrawal | Any withdrawal made from the Deposit Account A at any time, other than the initial withdrawal the depositor shall furnish in Form D in duplicate the details concerning the manner and the extent of utilization of the amount of immediately preceding withdrawal. |
| Closure of Account | Any depositor who is planning for the closure of his/her account has to apply to deposit office on Form’G’ along with the approval of the Assessing Officer with the Passbook/Deposit Receipt in order to receive the amount including interest occurred to the depositor. |
| Nomination Facility | Available |
| TDS | TDS is applicable as per rules. The bank will issue TDS certificate of the tax deducted. |
| Additional Features | The account under this scheme can be opened in all the branches except for rural branches |
