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