Punjab & Sind Bank RD Interest Rates 2026
The Recurring Deposit (RD) account offered by Punjab & Sind Bank can be opened by religious and charitable institutions, Co-operative societies, government and semi-government bodies, Associations, clubs, companies, firms, and individuals (either singly or jointly).
The tenure of the RD account ranges between 6 months and 10 years. The minimum amount that must be deposited in the account is Rs.10.
Punjab & Sind Bank also offers attractive interest rates on its RD account.
Punjab & Sind Bank RD account Interest Rates
Tenure | Rate of Interest |
180 days to 269 days | 6.40 |
270 days to 364 days | 6.40 |
1 year to 2 years | 6.45 |
Above 2 years but less than 3 years | 6.45 |
3 years to 5 years | 6.45 |
Above 5 years and up to 10 years | 6.45 |
Note: Senior citizens are provided an additional rate of 0.50% on deposits less than Rs.2 crore.
Punjab & Sind Bank Short-Term Recurring Deposit Interest Rates
An RD account opened with Punjab and Sind Bank for a period that ranges between 180 days and 2 years falls under the bracket of short-term RDs.
The interest paid by the bank on such deposits is in the range of 6.40% to 7% p.a. Senior citizens are offered additional interest of 0.50% p.a. on short-term recurring deposits.
Punjab & Sind Bank Medium-Term Recurring Deposit Interest Rates
Medium-term recurring deposits are those which have a tenure that ranges above 2 year and up to 5 years. The rate of return offered by the bank is between 6.55% to 6.80% p.a. The bank offer citizens who are above the age of 60 years an interest rate of 7.05% to 7.30% p.a. for opening a medium-term RD account with them.
Punjab & Sind Bank Long-Term Recurring Deposit Interest Rates
A long-term recurring deposit is one that is opened for a period of more than 5 years. Punjab and Sind Bank offer general citizens interest of 6.55% p.a. on long-term RDs. Senior citizens are offered 7.05% p.a. for opening a long-term Recurring deposit.
RD Article Pages
- Recurring Deposit Vs. Chit Fund
- Miss to Pay the Recurring Deposit Due
- Difference Between Recurring Deposit and SIP
- Open RD Account through HDFC NetBanking
- RD Account in SBI
- Advantages of Recurring Deposit
- Flexi RD
- SBI Flexi RD Schemes
- Monthly Recurring Deposit
- Indian Bank Recurring Deposit
- Union Bank Recurring Deposit
- UCO Bank Recurring Deposit
FAQs on Punjab & Sind Bank RD Interest Rates
- What is the minimum tenure of the RD account offered by Punjab & Sind Bank?
The minimum tenure of the RD account offered by Punjab & Sind Bank is six months.
- What is the maximum amount that can be deposited in a Punjab & Sind Bank Recurring Deposit account every month?
There is no limit to the amount that can be deposited in a Punjab & Sind Bank Recurring Deposit account every month.
- Are companies eligible to open an RD account offered by Punjab & Sind Bank?
Yes, companies can open an RD account offered by Punjab & Sind Bank.
- Is there a minimum amount that must be deposited in a Punjab & Sind Bank Recurring Deposit account every month?
Yes, at least Rs.10 must be deposited in a Punjab & Sind Bank Recurring Deposit account every month.
News about Punjab & Sind Bank RD Rates
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