Punjab and Sindh Bank FD rates
Punjab & Sindh Bank offers interest rates between 2.80% to 7.40% after the revision, with effect from September 1, 2023.For fixed deposits that mature in 7 to 30 days, the bank is now offering an interest rate of 2.80%, and Punjab & Sind Bank (PSB) is now providing an interest rate of 3.0% for deposits that mature in 31 to 45 days. Punjab & Sind Bank (PSB) is now offering interest rates of 4.60% for deposits made within 46 to 90 days and 4.75% for deposits made during 91 to 179 days.
Deposits maturing between 180 to 332 days and 1 year and 333 days currently earn 5.50% and 6.50% interest, respectively. The bank is now paying 7.10% on special fixed deposits with maturities of 400 days, this offer is valid only till September 30, 2023.
While Punjab & Sind Bank (PSB) is paying 6.20% on deposits with maturities of 401 days-443 days, 556 days – 600 days, 602 days – 2 years and 445 days – 554 days.
The bank is offering the highest interest rate of 7.40% on tenure of 444 Days and 7.35% interest on tenure of 555 days. The bank offers 6.50% on tenure above 2years to less 3 years and 6% on maturities between 3 years to 5 years Deposits with maturities ranging from five to 10 years will now yield 6.25% interest.Latest FD interest rate
| Maturity | Fixed Deposit |
| Less than Rs.2 Cr | |
| 7 – 14 Days | 2.80(#) |
| 15 – 30 Days | 2.8 |
| 31 – 45 Days | 3 |
| 46 – 90 Days | 4.6 |
| 91 – 120 Days | 4.75 |
| 121-150 Days | 4.75 |
| 151 – 179 Days | 4.75 |
| 180 – 269 Days | 5.5 |
| 270 – 332 Days | 5.5 |
| 333 Days | 6.50($) |
| 334 Days – <1 Year | 5.5 |
| 1 Year | 6.4 |
| >1 Year – 399 Days | 6.2 |
| 400 Days | 7.10(##) |
| 401 Days-443Days | 6.2 |
| 444 Days | 7.40($) |
| 445 Days – 554 Days | 6.2 |
| 555 Days | 7.35($) |
| 556 Days – 600 Days | 6.2 |
| 601 Days | 7.00(##) |
| 602 Days – 2 Years | 6.2 |
| Above2Years-<3Years | 6.5 |
| 3Years – 5Years | 6 |
| >5 Years – 10 Years* | 6.25 |
Savings account interest rate
Punjab and Sindh offer savings account interest rates between 2.70% to 5% on different amounts.
| aving Bank Deposit including NRE/NRO | Revised Rates |
| w.e.f 01.09.2023 (% p.a) | |
| Upto 1 Crore | 2.70% |
| Above 1 Crore to upto 100 Crore | 2.90% |
| Above 100 Crore to upto 500 Crore | 4.55% |
| Above 500 Crore | 5.00% |
