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    Punjab And Sind Bank Fixed Deposit Rates
     and 2 other FDs
    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.30% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    6.80% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.6% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.72% - 8.65% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Punjab And Sind Bank Fixed Deposit Rates is Rated as "Blown Away!" by 1 Users

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    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.

    Given below are the revised interest rates on Punjab & Sind Bank fixed deposits with effect from 19 March, 2018:

    Tenure Regular Interest Rate (per annum) Senior Citizen Interest Rate (per annum)
    7 days to 45 days 4.00% 4.50%
    46 days to 90 days 5.50% 6.00%
    91 days to 120 days 5.75% 6.25%
    121 days to 150 days 6.00% 6.50%
    151 days to 179 days 5.85% 6.35%
    180 days to 269 days 6.25% 6.75%
    270 days to 364 days 6.40% 6.90%
    1 year to 2 years 6.75% 7.25%
    More than 2 years to 3 years 6.60% 7.10%
    3 years to 10 years 6.55% 7.05%

    *For deposits that are of less than Rs.1 crore

    PSB Tax Saver Scheme
    Maturity General rate Senior citizen rate
    5 years 6.55% 7.05%

    Punjab & Sind Bank (PSB) Short-Term Fixed Deposit Rates

    • The interest rate that can be gained from applying for Punjab & Sind Bank fixed deposits for a short-term tenures ranges from a minimum of 4.00% p.a. to 6.40% p.a.
    • A lucrative short-term tenure is from 270 days to less than 1 year, which will fetch the investor a good rate of 6.40% p.a.
    • Another well-paid tenure ranges from 121 days to 150 days and pays interest at the rate of 6.00% p.a.
    • For 91 days to 120 days the bank will pay at the rate of 5.75% p.a. and for 46 days to 90 days, the interest rate paid will be 5.50% p.a.

    Punjab & Sind Bank (PSB) Medium-Term Fixed Deposit Rates

    • Medium-term time deposits pay a comparatively much higher rate when compared to other slabs.
    • The highest FD interest rate paid by the bank is 6.75% p.a. for a tenure that ranges from 1 year to 2 years.
    • For more than 2 years to less than 3 years, the bank will give the investor interest at the rate of 6.60% p.a
    • The tenure range for this slot is from a minimum of 1 year to 5 years.
    • Those investors who want benefits under Section 80C of the Income Tax Act, can go for a tax saver fixed deposit that comes with a 5-year mandatory lock-in period

    Punjab & Sind Bank (PSB) Long-Term Fixed Deposit Rates

    • The rate of return on all time deposit investments made for more than 5 years will be 6.55% p.a.
    • The maximum period of  investment is 10 years in PSB.

    Punjab & Sind Bank (PSB) Senior Citizen Fixed Deposit Rates

    • Senior citizens will be privileged to earn an additional 0.50% p.a. across all investment tenures.
    • The rate of interest paid ranges anywhere from 4.50% p.a. to 7.25% p.a., which is the highest rate paid to senior citizens all tenures 1 year and above pays more than 7.00% p.a.
    • For 270 days to 264 days, the interest rate that is paid is 6.90% p.a. and for 180 days to 269 days, the rate paid will be 6.75% p.a.
    • In fact, any invest made from 91 days to less than 1 year, will pay the deposit holder more than 6.00% p.a.

    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? 1
      , meerut
      Reviewed on Aug 23, 2017
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