Punjab And Sind Bank Fixed Deposit Rates

Punjab & Sind Bank provides investment schemes such as Fixed Deposits (FDs) or Term Deposits with rewarding returns. The range of PSB FD rates is from 4.00% p.a. to 7.50% p.a. 

The highest PSB Fixed Deposit rate is 7.50% p.a. for a period of 777 days. 

Updated On - 04 Oct 2025

Punjab & Sind Bank FD Interest Rates

Maturity 

Fixed Deposit Less than Rs.3 Cr

7 - 14 Days 

4.00 

15 - 30 Days 

4.00 

31 - 45 Days 

4.25 

46 - 90 Days 

4.50 

91 - 120 Days 

4.50 

121-150 Days 

4.75 

151 - 179 Days 

6.00 

180 – 221 Days 

5.25 

222 Days 

6.30 

223 – 269 Days 

5.25 

270 – 332 Days 

5.50 

333 Days 

7.20 

334-<1 Year 

5.50 

1 Year 

6.30 

>1 Years - 443 Days 

6.00 

444 Days 

7.30 

445 Days - 554 Days 

6.00 

555 days ( Callable) 

7.45 

555 days ( Non - Callable)* 

7.50 

556 Days - <22 Months 

6.00 

22 Months (PSB Green Earth) 

7.00 

>22 Months-<2 Years 

6.00 

2 Years - 776 Days 

6.30 

777 Days 

7.25 

999 Days ( Callable) 

6.65 

999 Days (Non-Callable) 

7.40 

1000 Days - < 3 Years 

6.30 

3 Years -< 44 Months 

6.00 

44 Months (PSB Green Earth) 

6.75 

>44 Months - 5 years 

6.00 

>5 Years -< 66 Months 

6.25 

66 Months (PSB Green Earth) 

6.45 

>66 Months - 10 Years 

6.25 

*The PSB Fixed Deposit rates tend to vary at the bank's discretion. The interest rates given here are valid as of 31 December 2024.

Punjab & Sind Bank NRE FD Interest Rates

The rates of interest for deposits of less than Rs.3 crore for general citizens are listed below:

Tenure  

Term Deposit of less than Rs. 2 Cr (% p.a.) 

1 Year 

6.30 

>1 Year - 443 Days 

6.00 

444 Days 

7.30 

445 Days - 554 Days 

6.00 

555 Days 

7.45 

556 Days < 2 Years 

6.00 

> 2 Years-776 Days 

6.30 

777 Days 

7.25 

778 Days- 998 Days 

6.30 

999 Days 

6.65 

1000 Days - <3 Years 

6.30 

3 Years - 5 Years 

6.00 

*The PSB Tax Saver FD rates tend to vary at the bank's discretion. The interest rates given here are valid as of 21 October 2024. 

PSB Bank FCNR FD Rates:

 

EURO 

GBP 

USD 

JPY 

CAD 

AUD 

1 Year - <2 Year 

3.50% 

5.00% 

5.30% 

4.50% 

3.75% 

2 Year - <3 Year 

1.50% 

2.35% 

3.50% 

4.12% 

3.60% 

3 Year - <4 Year 

1.50% 

2.45% 

3.25% 

3.87% 

3.10% 

4 Year <5 Year 

1.50% 

2.45% 

3.25% 

3.90% 

3.10% 

5 Year only 

1.50% 

2.45% 

3.25% 

3.95% 

3.00% 

  *The PSB Tax Saver FD rates tend to vary at the bank's discretion. 

Features & Benefits of Punjab and Sind Bank Fixed Deposits

Some of the features and benefits of Punjab and Sind Bank Fixed Deposits are:

  1. Competitive interest rates.
  2. Flexible repayment tenure of up to 10 years.
  3. Additional interest for senior citizens and staff members of PSB.
  4. Nomination facility available.
  5. FD account can be opened individually or jointly. An account can also be opened in the name of a minor.
  6. You can open an FD account through the PSB net banking account as well as through offline channels.

Eligibility criteria & Documentation Required

Eligibility criteria

The eligibility criteria for opening a fixed deposit with Punjab and Sind are mentioned below - 

  1. Applicant should be an Indian citizen. 
  2. Applicant should be 18 years old or above. 
  3. A minor can open a fixed deposit account with the permission of his/her guardian. 
  1. FD account can be opened jointly or individually. 
  2. Firms, corporate bodies, Hindu Undivided Families (HUFs) can open an FD account. 

Documents required

The documents required to open a fixed deposit account with Punjab and Sindh Bank are mentioned below - 

  1. FD application form
  2. Required KYC documents as stated by the bank.

Types of Punjab and Sind Bank Fixed Deposit Schemes

  1. Fixed deposit ordinary scheme - A fixed deposit scheme can be opened for a period ranging between 15 days and 10 years where you can accrue interest on a quarterly basis.
  2. Saving With Smile Deposit scheme - This is a reinvestment scheme where the interest is paid on a compounding basis. The interest payable will be compounded on a quarterly basis but will be paid along with the principal amount once the account is matured. The tenure offered ranges between 3 years and 10 years.
  3. Short term deposits scheme - Here you can open a fixed deposit account for a short period of time with tenure ranging between 6 months and 3 years.
  4. Capital Gain Deposit scheme - Under this scheme you as a taxpayer can avail the benefits of exemption from capital gains, provided the capital gain amount is deposited in a bank on or before your due date of filling the income tax return.
  5. Harhi Savni (Rabi Kharif) Jama Yojna - Farmers can avail this scheme in order to invest their funds at the time of each harvesting. Minimum amount of Rs.1,000 can be deposited each year before 30 June and 31 December.
  6. Tax Saver - The tax saving fixed deposit scheme for a tenure of 5 years can be availed.

FAQs on Punjab and Sind Bank Fixed Deposit Rates

  • Are there any special rates for senior citizens FD of Punjab and Sind Bank?

    Yes, senior citizens can avail an additional interest rate of 0.50% on their deposits for tenures of 180 days and above.

  • Is there any minimum amount that I have to give for opening a Fixed Deposit with Punjab and Sind Bank?

    Yes, minimum deposit amount is Rs.1,000.

  • In how many years FD will double in Punjab and Sind Bank?

    The maturity amount you will receive will depend on the deposit amount and the tenure chosen by you.

  • How long will it take for an FD in Punjab and Sind Bank to double?

    The time it takes for your Fixed Deposit (FD) in Punjab and Sind Bank to double depends on the interest rate and tenure selected. Generally, you can use the Rule of 72 to estimate this by dividing 72 by the annual interest rate. 

  • What is the maximum tenure for an FD in Punjab and Sind Bank?

    The maximum tenure for a Fixed Deposit offered by Punjab and Sind Bank is ten years. 

  • Is there a minimum amount required to open an FD with Punjab and Sind Bank?

    Yes, the minimum amount required to open a Fixed Deposit with Punjab and Sind Bank is Rs. 1,000.v 

  • Do senior citizens get a preferential interest rate on FDs with Punjab and Sind Bank?

    Yes, senior citizens receive an additional 0.50% interest rate on Fixed Deposits with terms of 180 days or more. 

  • What is the eligibility criteria for opening a Fixed Deposit account with Punjab and Sind Bank?

    To open a Fixed Deposit account with Punjab and Sind Bank, applicants must be Indian citizens aged 18 or above. Minors can open an account with the permission of a guardian. Firms, corporate bodies, and Hindu Undivided Families (HUFs) are also eligible to open FD accounts. 

  • Can I open a Fixed Deposit account online with Punjab and Sind Bank?

    Yes, you can open a Fixed Deposit account with Punjab and Sind Bank through their net banking platform as well as offline channels by visiting any of their branches. 

  • What are the required documents for opening a Fixed Deposit account with Punjab and Sind Bank?

    To open a Fixed Deposit account with Punjab and Sind Bank, you need to submit the FD application form along with the required KYC documents as specified by the bank. 

  • Can a Fixed Deposit account with Punjab and Sind Bank be opened jointly or in the name of a minor?

    Yes, a Fixed Deposit account with Punjab and Sind Bank can be opened jointly or in the name of a minor. When opened for a minor, the account requires the permission and management of a guardian. 

  • What types of Fixed Deposit schemes do Punjab and Sind Bank offer?

    Punjab and Sind Bank offer a variety of Fixed Deposit schemes to cater to different needs. The Fixed Deposit Ordinary Scheme is available for tenures ranging from 15 days to 10 years with quarterly interest accrual. The Saving with Smile Deposit Scheme is a reinvestment plan that offers compounded quarterly interest, paid upon maturity. The Short-term Deposits Scheme is designed for shorter tenures, ranging from 6 months to 3 years. The Capital Gain Deposit Scheme allows taxpayers to claim capital gains exemption by depositing the capital gain amount before the income tax return due date. The Harhi Savni (Rabi Kharif) Jama Yojna is tailored for farmers, permitting minimum deposits of Rs. 1,000 biannually. Lastly, the Tax Saver Scheme provides tax-saving benefits with a fixed deposit tenure of 5 years. 

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