Punjab & Sind Bank Revises Interest Rates On Savings Account & FD: Latest Rates Here
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Punjab & Sind Bank Savings Account Interest Rates
PSB Savings Account Deposits are eligible for person/persons (Single or Joint names) and certain organizations/agencies like HUF, Non-Corporate Bodies, Clubs, Trusts, Societies, Associations, Schools, Executor(s) / Administrator(s), Government Bodies, Semi-Government Departments, Recognized PF Accounts, etc.
The account must have a minimum balance of Rs.50,000/- or more in Rural & Semi-Urban Branches and Rs.2,00,000/- or more in Urban & Metro Branches, and an account holder must maintain a minimum balance of Rs.50,000/- or more in Rural & Semi-Urban Branches and Rs.2,00,000/- or more in Urban & Metro Branches.
The account holder must maintain a minimum balance of Rs.50,000/- in the Rural & Semi-Urban Branches and Rs.2,00,000/- in the Urban & Metro Branches in these accounts. With effect from 16th September 2021 PSB is offering the below-listed interest rates on saving accounts.
| Particular | Rate of interest |
|---|---|
| Saving Deposits | 3.00% p.a. |
Punjab & Sind Bank Fixed Deposit Interest Rates
For a deposit amount of less than Rs 2 Cr, PSB is now offering the following interest rates to regular citizens on domestic term deposits, NRO accounts, capital gain accounts scheme 1988, recurring deposit scheme and PSB fixed deposit tax-saver scheme.
| Maturity | Rate of interest (p.a.) in % |
|---|---|
| 7 – 14 Days | 3 |
| 15 – 30 Days | 3 |
| 31 – 45 Days | 3 |
| 46 – 90 Days | 3.7 |
| 91 – 120 Days | 3.9 |
| 121-150 Days | 3.9 |
| 151 – 179 Days | 3.9 |
| 180 – 269 Days | 4.45 |
| 270 – 364 Days | 4.5 |
| 1 Year – 2 Years | 5.05 |
| Above 2 Year | 5.15 |
| 3 Years – 5 Years | 5.3 |
| > 5 Year – 10 Years | 5.3 |
| Source: Bank Website, w.e.f. 16/09/2021 |
Punjab & Sind Bank Fixed Deposit Interest Rates For Senior Citizens
Senior citizens will get the following interest rates on their deposits of less than Rs 2 Cr.
| Maturity | Rate of interest (p.a.) in % |
|---|---|
| 7 – 14 Days | 3 |
| 15 – 30 Days | 3 |
| 31 – 45 Days | 3 |
| 46 – 90 Days | 3.7 |
| 91 – 120 Days | 3.9 |
| 121-150 Days | 3.9 |
| 151 – 179 Days | 3.9 |
| 180 – 269 Days | 4.95 |
| 270 – 364 Days | 5 |
| 1 Year – 2 Years | 5.55 |
| Above 2 Year | 5.65 |
| 3 Years – 5 Years | 5.8 |
| > 5 Year – 10 Years | 5.8 |
| Source: Bank Website, w.e.f. 16/09/2021 |
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