How good an idea could it be to turn tired savings into a golden key for financial freedom right in the middle of the festivity that 2025 shall be crowned with? This city of luster and light came out onto the stage, their arms open wide, right when Diwali firecrackers lighted up the dark sky-that much higher and brighter, at 8.05%, yes, for some of the fortunate savers. This offering made an entrance amid the roar of economic buzz as a limited-time offering that does not stand at par with a regular deposit–it’s a celebration of wise investing.
What Inites The Magic Of Utsav?
PNB’s Utsav FD offers a new way to celebrate festival banking with its special tenure options, such as the gourmet 303-day tenure at a yield of 7% specifically targeted at the general public. Super-senior citizens of 80 years and above get additional increases due to its association with schemes like IDBI’s discounted housing loan scheme, pushing the yield higher. The rates held tight after the September revision, thus ensuring no last-minute surprises.
A Peak At The Rates
The general public gets a lukewarm 506-day tenure at 6.70% and 0.50% further for senior citizens—making 7.20%. Proving a towering exception, the super-senior citizens finally bag an 8.05% peak yield on selected special classes. The scheme is underwritten by DICGC up to ₹5,00,000.
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| Category | 303-Day Rate | 506-Day Rate | Max Utsav Boost |
|---|---|---|---|
| General Public | 7.00% | 6.70% | Up to 7.25% |
| Senior Citizens | 7.50% | 7.20% | Up to 7.75% |
| Super Seniors | 7.80% | 7.70% | Up to 8.05% |
Tenure Tango
The impatient spiral the boom: 303 days make quick wins. Higher than this for that balanced bliss to take the stretch to 506 days. The PNB range of time lines is somewhat short: from seven days to 10 years, with the Utsav flavors itself coming to an end on March 31. Auto-renew skips the hassle-except for tax savers.
