• Punjab And Sind Bank Fixed Deposit Rates

    Punjab & Sind Bank (PSB) was established as early as 1908 with an aim to promote social commitment. There are various Punjab & Sind Bank (PSB) fixed deposits (FDs) that a customer can invest in. The bank pays interest at competitive rates and all senior citizens will be paid an additional rate of interest.

    Highlights of Punjab & Sind Bank FD rates

    • Highest short-term Fixed Deposit rate: 6.40% p.a.
    • Tenure range for the FD scheme: 7 days to 10 years
    • Maximum medium-term FD rate: 6.45% p.a.
    • PSB long-term Deposit rate: 6.45% p.a.
    • PSB Sukhmani Deposit rate for general public: 7.10% p.a.
    • PSB Sukhamani Deposit rate for senior citizens: 7.60% p.a.
    • Period of deposit for PSB Sukhamani scheme: 550 days
    • PSB Tax Saver FD rate for general public: 6.55% p.a.
    • Senior Citizen PSB Tax Saver FD interest rate: 7.50%
    • PSB Tax saver Bank employee FD rate : 7.55%
    • Maturity period for FD Tax Saver scheme: 5 years

    Punjab & Sind Bank Domestic Term Deposits: Below Rs. 2 cr

    Tenure Interest Rates (p.a)
    7 days to 45 days 4.00%
    46 days to 90 days 5.50%
    91 days to 120 days 5.75%
    121 days to 150 days 6.00%
    151 days to 179 days 5.85%
    180 days to 364 days 6.40%
    1 year to 2 years 6.55%
    2 years to 3 years 6.45%
    3 years to 5 years 6.45%
    5 years to 10 years 6.45%

    *The interest rates given here are valid as of 20 November 2019.

    PSB Sukhmani Deposit interest rates

    Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)
    550 days 7.10% 7.60%

    *The PSB Sukhmani FD rates tend to vary at the bank’s discretion. The interest rates given here are valid as of 20 November 2019.

    Tenure bracket FD interest rates (per annum) for PSB employees FD interest rates (per annum) for former PSB employees
    550 days 8.10% 8.60%

    *The PSB Sukhmani FD rates tend to vary at the bank’s discretion. The interest rates given here are valid as of 20 November 2019.

    PSB Tax Saver Fixed Deposit rates

    Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)
    5 years 6.55% 7.05%

    *The PSB Tax Saver FD rates tend to vary at the bank’s discretion. The interest rates given here are valid as of 20 November 2019.

    Tenure bracket FD interest rates (per annum) for PSB employees FD interest rates (per annum) for former PSB employees
    5 years 7.55% 7.55%

    *The PSB Tax Saver FD interest rates tend to vary at the bank’s discretion. The interest rates given here are valid as of 20 November 2019.

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    PSB FD Rates Reviews

    • Punjab and Sind Bank Fixed Deposit
      "Fantastic"
      0.5 5.0/5 "Blown Away!"
      I am having the fixed deposit account with the Punjab and sind bank and the interest rate is fine one but am really not aware of it. The tenure is around for seven to eight years of time. Response is very good one with them.
      Was this review helpful? 4
      , meerut
      Reviewed on Aug 23, 2017
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