Punjab & Sind Bank was founded in 1908 with a vision to serve the weaker sections of the Indian society and improve their standard of living also offering a diverse array of banking products.

Recurring deposits help regular income earners to build up their savings with steady monthly deposits or payments over a certain period of time.

This interest rate is Revised w.e.f. 28.04.2016 (% age p.a.):

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 7.3
3 Years – 5Years 7.25
>5 Years – 10 Years 7.25

Rate of Interest on “PSB Fixed Deposit Tax-Saver Scheme:

Maturity
5 Years

Public:
7.25% p.a.

Sr. Citizen (Public):
7.75% p.a

Staff Members
8.25% p.a.

Ex-Staff Members / Ex-Staff Members (Sr. Citizen)
8.25% p.a.


Documents required:

Proof of Identity / Address
Applicant’s Passport copy
Voter’s ID card
Aadhar Card
Driving License
PAN Card
Electricity Bill
Telephone Bill
Last three months’ bank account statements
Latest passport size photo