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Punjab and Sindh Bank: Punjab and Sindh Bank has revised its fixed deposit (FD) interest rates. The bank is offering attractive returns to general citizens, senior citizens and ultra senior citizens. Very senior citizens are investors above 80 years of age. The bank has kept the interest rates on FDs with tenure 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 of FD to senior citizens
Punjab and Sindh Bank is offering additional interest of 0.50% to senior citizens. The bank’s highest interest rate for senior citizens is 8% per annum, available on non-callable FDs of 555 days. These new interest rates have come into effect from 14 November 2024. New FD and renewable FD will get the benefit of new interest rate. However, these rates are not applicable on NRE, NRO, Capital Gains and Bulk Deposits.
Benefits for very senior citizens
The bank gives 0.15% additional interest to super senior citizens i.e. investors aged 80 years or above. This benefit will be applicable on FDs of specific duration. Special tenure FDs are applicable on 222, 333, 444, 555, 777, 999 days FDs and 22 months, 44 months and 66 months PSB Green Earth FDs.
Punjab & Sindh Bank FD Rates – Applicable from 14 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 – | 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 – | 6.00 |
| 22 months | 7.00* |
| >22 months – | 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 – | 6.30 |
| 3 years – | 6.00 |
| 44 months | 6.75* |
| >44 months – 5 years | 6.00 |
| >5 years – | 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 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.