Punjab and Sind Bank : Punjab and Sind Bank has revised its fixed deposit (FD) interest rates. The bank is offering attractive returns to general citizens, senior citizens and super senior citizens.
Super senior citizens are investors above 80 years of age. The bank has kept interest rates on FDs with tenures ranging from 7 days to 10 years at 4% to 7.45% per annum. The highest interest rate for general citizens is 7.50% per annum.
Benefits that senior citizens get on FD
Punjab and Sind Bank is offering an extra interest of 0.50% to senior citizens. The highest interest rate of the bank for senior citizens is 8% per annum, which is available on non-callable FDs of 555 days. These new interest rates have come into effect from November 14, 2024. The benefit of the new interest rate will be available to new FDs and renewal FDs. However, these rates are not applicable to NRE, NRO, capital gains and bulk deposits.
Benefits for Super Senior Citizens
The bank gives an additional 0.15% interest to super senior citizens i.e. investors aged 80 years or above. This benefit will be applicable on special period FDs. Special period FDs are applicable on FDs of 222, 333, 444, 555, 777, 999 days and PSB Green Earth FDs of 22 months, 44 months and 66 months.
Punjab & Sind Bank FD Rates – Effective from 14th November 2024
| Maturity | Interest rate on FD up to Rs 3 crore |
| 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 year – 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 | 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 | 6.75* |
| >44 months – 5 years | 6.00 |
| >5 years -< 66 months | 6.25 |
| 66 Months | 6.45* |
| >66 months – 10 years | 6.25 |
Note – These interest rates have been taken from the bank’s website. The interest rate with a star is PSB Green Earth FD. It is being offered for 22 months, 44 months and 66 months. Apart from this, there is a special FD scheme of 222, 333, 444, 555, 777, 999 days. The bank is offering it for some time i.e. till 31 December 2024.
