I want to know the Non Resident External (NRE) Forex Deposit Rates in Punjab And Sind Bank so can you please tell me?

Punjab & Sind bank is one of the public sector banks' having all the branches covered under Core Banking Solution (CBS) platform.

Non Resident External (NRE) Rupee Accounts

Rate of Interest on Term Deposit under Non Resident External (NRE) Rupee Accounts deposits up to Rs. 1 crore, with effect from 28.04.2016 are as under :

Maturity Revised w.e.f 28.04.2016 (% p.a.)
Term Deposit of less than Rs. 1 Cr
1 Year - 2 Year 7.55
Above 2 Yrs < 3Yrs 7.3
3 Years – 5 Years 7.25

Forex Deposit Rates -

a) Non Resident Ordinary Deposits - w.e.f 03/05/2011
Saving Bank Deposit 4.00% pa.

b) Non Resident (External) Rupee Savings A/C w.e.f 03/05/2011
Non Resident (External) Rupee Savings A/C 4.00% pa.
B) Interest Rates On Foreign Currency Deposites

a) Foreign Currency ( Non Resident ) Accounts ( Banks ) Scheme - FCNR(B) w.e.f 03/06/2016

EURO GBP USD JPY CAD AUD
1 Year to less than 2 Years 0.87% 1.63% 1.90% - 1.97% 2.94%
2 Years to less than 3 Years 0.86% 1.86% 2.08% - 2.05% 2.86%
3 Years to less than 4 Years 0.91% 1.96% 2.20% - 2.07% 2.88%
4 Years to less than 5 Years 0.94% 2.05% 2.30% - 2.11% 3.09%
5 Years only 1.03% 2.13% 2.38% - 2.17% 3.15%

b) Resident Foreign Currency Account (RFC) w.e.f 03/06/2016
For Current Account : No interest is payable ( as per existing RBI Guidelines )
RFC SB Deposits EURO GBP USD JPY
Figures in %age 1.00% 1.00%

RFC Term Deposits

Tenure EURO GBP USD JPY
1 month to less than 1 Years
1 Years to less than 2 Years GBP 1.63% USD 1.90% EURO 0.87%
2 Years to less than 3 Years GBP 1.86% USD 2.08% EURO 0.86%
3 Years GBP 1.96% USD 2.20% EURO 0.91%

c) Notional Rates For All Fresh Foreign Currency Transactions Relating To Fcnr(B), Eefc, Rfc, Rfc (Domestic), Pcfc, Ebrd, Fcdl And Investment With Bank, Wherever Applicable, W.E.F 01/06/2016

Currency Notional Rates
US DOLLAR Rs. 67/-
POUND STERLING Rs. 98/-
EURO Rs. 74/-
CAD Rs. 51/-
AUD Rs. 48/-

Contact-

Call Centre : All India Toll Free Numbers:1800-419-8300

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Queries Regarding Remittance from abroad : 011-25728460, 25728462, +91 9473662280,Mr. Abhishek Nigam