Fixed deposits make an excellent saving option for people looking for security as well as an appreciation of their investment.
Punjab & Sind Bank is one of the premier banks in the country offering attractive rates of interest o fixed deposits.
Interest rates for normal saving accounts in PSB India are 3.5% for an amount up to 20 lakhs and 4.00% for the amount above 20 lakhs which is same as other public sector banks. Below interest rates are effective from 11 January 2019.
Punjab & Sind Bank Fixed Deposit Interest Rates 2019 For domestic deposits:
| Time Period | Interest Rate For Amount Below 1 Crore (% p.a.) | Interest Rate For Amount Above 1 Crore (% p.a.) |
| 7 Days to 14 Days | 4.00% | Contact Branch |
| 15 Days to 30 Days | 4.00% | * |
| 31 Days to 45 Days | 4.00% | * |
| 46 Days to 60 Days | 5.50% | * |
| 61 Days to 90 Days | 5.50% | * |
| 91 Days to 180 Days | 5.85% | * |
| 181 Days to 270 days | 6.40% | * |
| 271 Days to 1 year | 6.40% | * |
| 1 Year | 7.00% | * |
| 1 Year to 2 Years | 7.00% | * |
| 2 Years to 3 Years | 6.80% | * |
| 3 Years to 5 Years | 6.55% | * |
| 5 Years to 10 Years | 6.55% | * |
Punjab and Sind Bank NRE Fixed Deposit Rates (February 2019):
| Tenure | Interest Rates Below 1 Crore |
|---|---|
| 1 Year to 2 Years | 7.00% |
| 2 Years to 3 Years | 6.80% |
| 3 Years to 5 Years | 6.55% |
PSB fixed deposit tax saver scheme:
| Period | General | Sr. citizen | staff | ex-staff ( sr. citizen ) |
|---|---|---|---|---|
| 5 years | 6.55% | 7.05% | 7.55% | 7.55% |
Table undated: 18 February 2019
Important notes:
- The minimum amount shall be deposited 1 lakh.
- Contact the nearest branch for above 5 crore deposits.
- Extra .50% interest is available for citizens ( below 1 crore and above 180 days deposits only).
Punjab & Sind Bank Fixed Deposit Interest Calculator
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Confirm details from official Punjab & Sind bank website @https://www.psbindia.com/interestdom.php
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i as retired ex staff with my bank i am proud of my bank