#1
July 19th, 2016, 06:15 PM
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Interest Rate of Punjab & Sind Bank
Hello Guys , My Friend want to know what is the Eligibility and Interest Rate of Fixed Deposit Scheme of Punjab & Sind Bank , Will you please tell me ?
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#2
July 20th, 2016, 02:49 PM
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Re: Interest Rate of Punjab & Sind Bank
The Punjab & Sind Bank Offers Fixed Deposits Across a Wide Range of Categories such as regular fixed deposits, capital gain fixed deposits, short term deposit scheme, tax saver scheme, and others. The short term FD rates from Punjab & Sind Bank vary from 4.00% to 7.75%. Eligibility : An individual who is not insolvent or insane, can open an account singly or jointly. A minor can open Saving bank Account and the same can be ope rated by the natural guardian or by minor himself / herself, if he / she is above the age of 10 years. The account can also be opened jointly. The Senior Citizes shall be given an addiotional rate of 0.50% on any amount over and above the mentioned rates for deposits with maturity period 91 days & above for fresh and renewed deposits. Interest Rates Domestic Savings Interest Saving Bank Deposit Rate 4.0% Rate of Interest on Domestic Term Deposits, Capital Gain Accounts Scheme 1988, Recurring Deposit Scheme and PSB fixed deposit tax-saver scheme Maturity Term Deposits Less than Rs.1 Cr 7 - 14 Days 3.75 (#) 15 - 30 Days 4.25 31 - 45 Days 5.75 46 - 90 Days 6.25 91 - 150 Days 6.75 151-179Days 6.75 180 - 269 Days 7.25 270 – 364 Days 7.25 1 Year -2Year 7.55 Above 2 Years - 3Years 7.30 3 Years – 5Years 7.25 5 Years – 10 Years 7.25 Minimum amount of term deposit shall be Rs. 1.00 lac |