Fixed deposits make an excellent saving option for people looking for security as well as 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 is 4% which is same as other public sector banks. Below interest rates are effective from 8 January, 2016.

psb india fd rates

Punjab & Sind Bank Fixed Deposit Interest Rates For domestic deposits:

Time PeriodInterest Rate For Amount Below 1 Crore (% p.a.) Interest Rate For Amount Above 1-5 Crore (% p.a.)
7 – 14 Days3.753.75
15 – 30 Days4.254.25
31 – 45 Days5.755.50
46 – 60 Days6.256.25
61 – 90 Days6.256.25
91 Days – 180 Days6.757.00
181 Days – 270 days7.257.00
271 Days – 1 year7.257.00
1 Year7.807.00
1 Year – 2 Years7.507.00
2 Years – 3 Years7.507.00
3 Years – 5 Years7.257.00
5 Years – 10 Years7.257.00

PSB fixed deposit tax saver scheme:

PeriodGeneralSr. citizen staffex-staff ( sr. citizen )
 5 years 7.25% 7.75% 8.25% 8.25%

Table undated: 2 April, 2016

Calculate maturity value now

Important notes:

  • Minimum amount shall be deposited 1 lakh.
  • Contact nearest branch for above 5 crore deposits.
  • Extra .50% interest is available for citizens ( below 1 crore and above 180 days deposits only).

Confirm details from official Punjab & Sind bank website @https://www.psbindia.com/interestdom.php

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