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.
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.
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.
| 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.
Some of the features and benefits of Punjab and Sind Bank Fixed Deposits are:
Eligibility criteria
The eligibility criteria for opening a fixed deposit with Punjab and Sind are mentioned below -
Documents required
The documents required to open a fixed deposit account with Punjab and Sindh Bank are mentioned below -
Yes, senior citizens can avail an additional interest rate of 0.50% on their deposits for tenures of 180 days and above.
Yes, minimum deposit amount is Rs.1,000.
The maturity amount you will receive will depend on the deposit amount and the tenure chosen by you.
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.
The maximum tenure for a Fixed Deposit offered by Punjab and Sind Bank is ten years.
Yes, the minimum amount required to open a Fixed Deposit with Punjab and Sind Bank is Rs. 1,000.v
Yes, senior citizens receive an additional 0.50% interest rate on Fixed Deposits with terms of 180 days or more.
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.
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.
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.
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.
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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