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Punjab & Sind Bank Updates FD Rates: Up To 7.50% Interest Now Available
With effect from March 15, 2025, Punjab & Sind Bank has updated its interest rates on fixed deposits (FDs). The PSU lender was founded on June 24, 1908, and currently offers interest rates with terms ranging from 7 days to 10 years, from 4.00% to 6.25%. Punjab & Sind Bank is currently offering a maximum interest rate of 7.50% on term deposits that mature in 555 days (non-callable).
Punjab & Sind Bank FD Rates
The bank is now giving a 4% interest rate on fixed deposits that mature in 7-30 days, while Punjab & Sind Bank will also give a 4.25% interest rate on those that mature in 31-45 days. The interest rate offered by Punjab & Sind Bank will now be 4.50% for fixed deposits with a 46-120 day term and 4.75% for those with a 121-150 day term. At Punjab & Sind Bank, term deposits that mature in 180-269 days will now earn 5.25% interest, while those that mature in 151-179 days will earn 6.00%.
The bank will give an interest rate of 5.50% on fixed deposits that mature in 270-332 days, and Punjab & Sind Bank will offer an interest rate of 7.20% on those that mature in 333 days. The interest rate offered by Punjab & Sind Bank is 5.50% for fixed deposits with a duration of 334 days to 1 year and 6.30% for FDs with a duration of 1 year. The interest rate on term deposits that mature in 1 year and 443 days will now be 6.00%, while the interest rate on term deposits that mature in 444 days will now be 7.30%.
The bank will give an interest rate of 6.00% on fixed deposits that mature between 445 and 554 days, while Punjab & Sind Bank will offer an interest rate of 7.45% on those that mature between 555 and 555 days (callable). The maximum interest rate that Punjab & Sind Bank will give is 7.50% for a 555-day (non-callable) duration and 6.00% for a 556-day, 22-month FD term. Term deposits at Punjab & Sind Bank that mature in 22 months (PSB Green Earth) will yield an interest rate of 7.00%, while those that mature in 22 months to 2 years will yield an interest rate of 6.00%.
The bank will give an interest rate of 6.30% on fixed deposits that mature in 2 years and 776 days, and Punjab & Sind Bank will offer an interest rate of 7.25% on those that mature in 777 days. The interest rate offered by Punjab & Sind Bank is 6.65% for 999 days (callable) FD duration and 6.30% for 778 days to 998 days. Term deposits that mature in 1000 days to three years will now yield an interest rate of 6.30%, while those that mature in 999 days (non-callable) will now yield an interest rate of 7.40%.
The bank will give an interest rate of 6.00% on fixed deposits that mature in 3 years to 44 months, whereas Punjab & Sind Bank will offer an interest rate of 6.75% on those that mature in 44 months (PSB Green Earth). The interest rate offered by Punjab & Sind Bank is 6.00% for term deposits with a duration of 44 months to 5 years and 6.50% for those with a duration of 5 years. Term deposits with a 66-month maturity (PSB Green Earth) will yield 6.45% interest, while those with a 5-year to 66-month maturity will now yield 6.25% interest at Punjab & Sind Bank.
Punjab & Sind Bank offers an interest rate of 6.45% on fixed deposits maturing in 66 months (PSB Green Earth) and 6.25% on those expiring in 66 months to 10 years.
| Maturity | Fixed Deposit Less than Rs.3 Cr |
|---|---|
| 7 - 14 Days | 4.00 |
| 15 - 30 Days | 4 |
| 31 - 45 Days | 4.25 |
| 46 - 90 Days | 4.5 |
| 91 - 120 Days | 4.5 |
| 121-150 Days | 4.75 |
| 151 - 179 Days | 6 |
| 180 - 269 Days | 5.25 |
| 270 - 332 Days | 5.5 |
| 333 Days | 7.20 |
| 334-1 Year | 5.5 |
| 1 Year | 6.3 |
| 1 Years - 443 Days | 6 |
| 444 Days | 7.30 |
| 445 Days - 554 Days | 6 |
| 555 days ( Callable) | 7.45 |
| 555 days ( Non - Callable)* | 7.50 |
| 556 Days - 22 Months | 6 |
| 22 Months (PSB Green Earth) | 7.00 |
| 22 Months-2 Years | 6 |
| 2 Years - 776 Days | 6.3 |
| 777 Days | 7.25 |
| 778 Days -998 Days | 6.3 |
| 999 Days ( Callable) | 6.65 |
| 999 Days (Non-Callable)* | 7.40 |
| 1000 Days - 3 Years | 6.3 |
| 3 Years - 44 Months | 6 |
| 44 Months (PSB Green Earth) | 6.75 |
| 44 Months - 5 years | 6 |
| 5 Y | 6.5 |
| 66 Months (PSB Green Earth) | 6.45 |
| 5Y - 66 Month | 6.25 |
| 66 Month (PSB Green Earth) | 6.45 |
| 66 Month -10Y | 6.25 |
| Source: Bank Website. Revised w.e.f. 15/03/2025 (% p.a.) |
Punjab & Sind Bank FD Rates For Senior Citizens
"Senior Citizens shall be given benefit of additional interest of 0.50% on term deposits of less than Rs. 3 crore, over and above the mentioned rates for the maturity of 180 days & above on fresh as well as on renewal of term deposits, same shall not be available to NRE, NRO deposits, capital gain and Bulk deposits. Super Senior Citizens (80 Years & above) shall be given benefit of additional interest of 0.15% on specific period (i.e. 333Days, 444Days, 555 Days, 777Days, 999Days, PSB Green Earth (22 M,44M,66M)) Term Deposits of less than Rs. 3 crore, over and above mentioned in point no. 2 above for the maturity of 180 days & above on fresh as well as on renewal of term deposits, same shall not be available to NRE, NRO deposits, capital gain and Bulk deposits," mentioned Punjab & Sind Bank on its website.
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