Punjab & 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 3.00% p.a. to 7.50% p.a.
The highest PSB Fixed Deposit rate is 7.50% p.a. for a period of 555 days collab.
Punjab & Sind Bank FD Interest Rates
Maturity | Fixed Deposit Less than Rs.3 Cr |
7 to 14 Days | 3.00 - # |
15 to 30 Days | 3.00 |
31 to 45 Days | 3.00 |
46 to 90 Days | 3.50 |
91 to 120 Days | 3.50 |
121 to150 Days | 3.50 |
151 to 179 Days | 5.00 |
180 to 364 Days | 5.00 |
1 Year | 6.00 |
More than 1 Year to 374 Days | 5.75 |
375 Days (Callable) | 6.55 |
375 Days (Non-Callable*) | 6.65 |
376 to 443 Days | 5.75 |
444 Days (Callable) | 6.60 |
444 Days (Non-Callable) | 6.70 |
445 Days to Less than or Equal to 22 Months | 6.00 |
22 Months (PSB Green Earth) | 6.10- $ |
More than 22 months to Less than 2 Years | 6.00 |
2 Years to 776 Days | 6.10 |
777 Days | 6.15 |
778 to 998 Days | 6.00 |
999 Days (Callable) | 6.10 |
999 Days (Non-Callable) | 6.15 |
1000 Days to Less than 3 Years | 6.10 |
3 Years to Less than 44 Months | 6.00 |
44 Months (PSB Green Earth) | 6.10 - $ |
More than 44 Months to 5 years | 6.00 |
5 Years | 6.10 |
More than 5 Years to Less than 66 Months | 6.00 |
66 Months (PSB Green Earth) | 6.10 -$ |
More than 66 Months to 10 Years | 6.00 |
Interest rates are subject to change at the bank's discretion. The interest rates are applicable as of 1 October 2025.
(#) - The minimum amount required for a term deposit is Rs.1 lakh.
(*) - The minimum deposit for a Non-Callable Deposit is Rs.100.01 Lakh, and the maximum deposit is Rs.299.00 Lakh. All other terms and conditions of Non-Callable Deposits shall be followed as per the circulars issued by HO P&D from time to time.
($) - Other conditions related to Green Deposits shall be followed as per the circulars issued by HO P&D from time to time.
Note -
- Senior citizens are eligible for an additional 0.50% interest on term deposits below Rs.3 Crore, for tenures of 180 days and above, applicable to both new and renewed deposits. This benefit does not apply to NRE, NRO, capital gain, or bulk deposits.
- Super senior citizens with age 80 years and above are entitled to an extra 0.15% interest on select tenures (375, 444, 777, and 999 days) and on PSB Green Earth (22M, 44M, 66M) term deposits below Rs.3 crore. This benefit is also not applicable to NRE, NRO, capital gain, or bulk deposits.
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. 3 Cr (% p.a.) |
1 Year | 6.00 |
More than 1 Year to 374 Days | 5.75 |
375 Days | 6.55 |
376 Days to 443 Days | 5.75 |
444 Days | 6.60 |
445 Days to less than 2 Years | 6.00 |
2 Years to 776 Days | 6.10 |
777 Days | 6.15 |
778 Days to 998 Days | 6.00 |
999 Days | 6.10 |
1000 Days to Less than 3 Years | 6.10 |
More than 3 Years to Less than 5 Years | 6.00 |
5 Years | 6.10 |
The interest rates are valid as of 16 July 2025.
PSB Bank FCNR FD Rates:
| AUD | GBP | CAD | EURO | USD |
1 Year to <2 Years | 3.75% | 4.70% | 3.50% | 2.75% | 5.50% |
2 Year to <3 Years | 3.60% | 3.25% | 3.30% | 1.50% | 3.75% |
3 Year to <4 Years | 3.10% | 2.75% | 3.00% | 1.50% | 3.50% |
4 Year to <5 Years | 3.10% | 2.75% | 3.25% | 1.50% | 3.50% |
5 Years only | 3.00% | 2.75% | 3.25% | 1.50% | 3.50% |
The above-mentioned FCNR FD rates are effective from 17 July 2025.
Features & Benefits of Punjab and Sind Bank Fixed Deposits
Some of the features and benefits of Punjab and Sind Bank Fixed Deposits are:
- Competitive interest rates.
- Flexible repayment tenure of up to 10 years.
- Additional interest for senior citizens and staff members of PSB.
- Nomination is facility available.
- FD account can be opened individually or jointly. An account can also be opened in the name of a minor.
- 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 & Sind are mentioned below -
- Applicant should be an Indian citizen.
- Applicant should be 18 years old or above.
- A minor can open a fixed deposit account with the permission of his/her guardian.
- FD account can be opened jointly or individually.
- 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 & Sindh Bank are mentioned below -
- FD application form
- Required KYC documents as stated by the bank.
Types of Punjab & Sind Bank Fixed Deposit Schemes
- 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.
- 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.
- 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 7 days to 12 months.
- 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.
- 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 & 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 & Sind Bank?
Yes, minimum deposit amount is Rs.1,000.
- How long will it take for an FD in Punjab & Sind Bank to double?
The time it takes for your Fixed Deposit (FD) in Punjab & 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 & Sind Bank?
The maximum tenure for a Fixed Deposit offered by Punjab & Sind Bank is ten years.
- Is there a minimum amount required to open an FD with Punjab & Sind Bank?
Yes, the minimum amount required to open a Fixed Deposit with Punjab & Sind Bank is Rs. 1,000.v under PSB’s “e-Advantage Fixed Deposit.”
- Do senior citizens get a preferential interest rate on FDs with Punjab & Sind Bank?
Yes, senior citizens receive an additional 0.50% interest rate on Fixed Deposits with terms of 180 days or more.
- What are the eligibility criteria for opening a Fixed Deposit account with Punjab & Sind Bank?
To open a Fixed Deposit account with Punjab & 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 & Sind Bank?
Yes, you can open a Fixed Deposit account with Punjab & 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 & Sind Bank?
To open a Fixed Deposit account with Punjab & 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 & Sind Bank be opened jointly or in the name of a minor?
Yes, a Fixed Deposit account with Punjab & 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 & Sind Bank offer?
Punjab & Sind Bank offer several Fixed Deposit schemes, including Regular Term Deposits (tenure: 7 days to 10 years). Tax-Saver FDs with tenure of 5 years, Capital-Gain Deposits, and theme-specific ones like the Green Earth scheme.
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