Deposit Rs 1,50,000 in PNB and get a fixed interest of Rs 1,07,254 in your account: Full calculation here

The public sector bank, Punjab National Bank (PNB), is offering its customers competitive interest rates on fixed deposits (FDs). The bank is offering interest rates ranging from 3 per cent to 7.40 per cent on fixed deposit (FD) schemes of different tenures. Significantly, investors can earn significant returns over the long term in a special PNB FD scheme. According to current interest rates, if a customer deposits Rs 1.5 lakh in this scheme, they can receive up to Rs 1,07,254 in interest alone upon maturity. This means the total return could exceed Rs 2.5 lakh. Let's understand the calculation here.