PNB Bank offers fixed deposit schemes for Shikshak / Teachers at higher rate of interest on deposits, You can check eligibility, features, rates & minimum deposit amount with other important information.
Features
| Eligibility | This scheme is particularly for school/college teachers or any person belonging or teaching in an educational institution. |
| Saving Fund Balance | Zero |
| QAB | Zero |
| Sweep In-Out | · After the cut-off level of Rs 15,000 sweep in and out shall take place in your Saving Account, with the minimum sweep out.
· Sweep-In of Rs 1000 and afterward in multiples of Rs 1000 to/from Fixed Deposit. |
| Tenure | 7-179 days |
| Interest | Prevailing FD Card Interest Rates (less than Rs 15 lacs) |
Other Privileges
| ATM/Debit Card | Free and no requirement of maintenance charges. |
| SMS Alert Facility | Available |
| Internet Facility | Available, Free Retail Internet facility, however charges are applicable to the third party sites, for instance Railways etc are payable. |
| Cheque Book | Free |
| RTGS/NEFT/Intersol | Free |
| Purchase of Third Party Cheque | Up to Rs 20,000 |
| Standing Instruction | Free (within the same branch) |
| Overdraft Facility | For this scheme overdraft facility is available for Rs 50,000 or the last salary whichever is lower.
The overdraft is to be adjusted with the next month salary which will be credited to the account. |
- Scheme for providing Overdraft Facility to Pensioners
Features
| Eligibility | · Any individual who is drawing their pension from Punjab National Bank is eligible for this scheme.
· The account has to be satisfactory for the bank. |
| Exclusions | Any individual from the category ESI Pensioner and Pensioners who have availed the loan facility against their pension under Punjab National Bank personal loan is not eligible for an overdraft in the account under the scheme. |
| Amount of OverDraft Limit | After deducting all other loan installments the pension of the pensioner is credited to the pensioner’s account. |
| Repayment | The pension which is payable for the next month PNB regularizes the overdraft from that pension. |
| Overdraft Facility | · Overdraft facility is available for the limit equal to the net monthly pension payable to the pensioner.
· The overdraft limits are to be updated and renewed every year. |
