PNB Bank Fixed Deposit Opening/Renewal Form Download

Based on the provided Punjab National Bank document (Form PNB-1177R2), here are the key points for opening or renewing a Fixed Deposit (FD) or Recurring Deposit (RD) (PNB-1177R2… p. 1):

• Fixed Deposits (FD): Includes standard Fixed Deposits, PNB Palash Green Deposits, Tax Saver FDs (no premature withdrawal), and Non-Callable Deposits (no premature withdrawal) (PNB-1177R2… p. 1).
• Recurring Deposits (RD): Standard Recurring Deposits (monthly instalments) and Flexi-Recurring Deposits (monthly core amount) (PNB-1177R2… p. 1).

• Interest Frequency: Options to receive interest payments on maturity, annually, half-yearly, quarterly, or monthly (PNB-1177R2… p. 1).
• Maturity Handling: You can opt for Auto Closure or Auto Renewal (PNB-1177R2… p. 1).
• Auto Renewal Rules: Can be set for the same period or a different period, specifying if renewal applies to the full maturity amount or principal only (PNB-1177R2… p. 1).

• Modes of Operation: Form options include Self, Either or Survivor, Former or Survivor, Any one or Survivor, or Jointly (PNB-1177R2… p. 1).
• Survivor Authorization: For survivor clauses (“Either or Survivor”, etc.), survivors can claim deposit proceeds upon a member’s death without requiring concurrence from legal heirs (PNB-1177R2… p. 1). This rule applies to both scheduled maturity and premature payments (PNB-1177R2… p. 1).

• PAN Requirement: A Permanent Account Number (PAN) must be provided for Tax Deducted at Source (TDS) tracking (PNB-1177R2… p. 1).
• Tax Exemption: If you qualify for an exemption from TDS, you must provide an exemption reference number or submit Form 15G (General Category) or Form 15H (Senior Citizens) (PNB-1177R2… p. 1).

• Nominee Printing: You can choose whether or not the nominee’s name is printed directly on your FDR or RD Passbook (PNB-1177R2… p. 2).
• Legal Framework: Nominations are registered under Section 45 ZA of the Banking Regulation Act, 1949 (PNB-1177R2… p. 2).
• Minor Nominees: If the designated nominee is a minor, you must appoint a separate adult guardian to receive the deposit amount on the minor’s behalf in the event of your death (PNB-1177R2… p. 2).
• Witness Rules: If the depositor provides a thumb impression instead of a signature, it must be officially attested by two separate witnesses (PNB-1177R2… p. 2).

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