Interest for 3 years
Note: All interest rates shown below are as on 1st Sep 2022
|Tenure||Normal Citizen FD Rate||Senior Citizen FD Rate|
|7 days - 14 days||2.8%||2.8%|
|15 days - 30 days||2.8%||2.8%|
|1 month - 1 month 14 days||3%||3%|
|1 month 15 days - 2 months 29 days||3.8%||3.8%|
|2 months 30 days - 3 months 28 days||3.95%||3.95%|
|3 months 29 days - 4 months 27 days||4%||4%|
|5 months - 5 months 28 days||4%||4%|
|5 months 29 days - 8 months 26 days||4.5%||5%|
|8 months 27 days - 11 months 29 days||4.65%||5.15%|
|1 year - 1 year 11 months 29 days||5.65%||6.15%|
|2 years - 2 years 11 months 28 days||5.8%||6.3%|
|2 years 11 months 29 days - 4 years 11 months 29 days||5.75%||6.25%|
|5 years - 9 years 11 months 27 days||5.75%||6.25%|
Punjab & Sind Bank is under the ownership of Ministry of Finance, Government of India. The bank was established in Amritsar on 24 June 1908. The bank has a balance sheet size of Rs. 2,57,832 Cr as on 31st March 2020. The bank recorded a Loss of Rs 991 Cr in FY20
2.8% - 5.8%
2.8% - 6.3%
FD Rate for Seniors
₹ 2 Crores
Track your existing FDs with Scripbox in just a few steps
|Investment Amount||For 3 years with interest of 5.75%||For 5 years with interest of 5.75%|
|₹ 1 lakh||₹118778||₹133218|
|₹ 2 lakh||₹237556||₹266435|
|₹ 5 lakh||₹593891||₹666088|
|₹ 10 lakh||₹1187782||₹1332176|
Use FD calculator to change values and compare your returns from top banks.
|Maturity Amount||₹105799||₹ 105221|
|Total Investment Amount||₹ 100000||₹ 100000|
|Total Interest Gained||₹5799|
|Income Tax on Wealth Gained||₹ 12898||₹ 13092|
|Bank Name||FD Interest Rates|
|Baroda Gujarat Gramin Bank FD||5.1% - 5.6%|
|Fincare Small Finance Bank FD||7% - 7.5%|
|Bank of India FD||5.35% - 6.1%|
|Madhyanchal Gramin Bank FD||5.3% - 5.8%|
|ICICI Bank FD||5.6% - 6.1%|
|Tamil Nadu Grama Bank FD||6.2% - 6.2%|
|Nainital Bank FD||5.6% - 6.1%|
|Dhanlaxmi Bank FD||5.6% - 6.1%|
|Bank of Maharashtra FD||5.4% - 5.9%|
|Saurashtra Gramin Bank FD||5.3% - 5.8%|
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Enter an investment amount and try different durations to preview potential returns at a glance.
Invest via Card, Netbanking, or UPI instantly; once done, your Fixed Deposit will be confirmed.
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Punjab Sind Bank FD provides a wide range of fixed deposits including cumulative, tax-saver, and flexi deposits. The Punjab Sind Bank FD rates range from 3% to 5.30% with an additional 0.50% for senior citizens. Know about the types of fixed deposits, their features and calculate the interest to be earned for a fixed tenure.
Eligibility- Individuals, Sole Proprietors, partnership firms, Private and Public Limited Companies, HUFs, Specified Associates, Societies, Trusts, Departments of Authority created by Government (Central or State), Limited Liability Partnership.
A joint account with another individual is allowed
With an “Either or Survivor” or “Former or Survivor” mandate, the bank will only allow the surviving joint depositor to withdraw funds before the death of the other joint depositor. This is allowed only if the joint depositor has signed a joint mandate. All Term Deposit account opening forms invariably include conditions through which the account holders can specify their terms.
If no instructions or mandates are received from the customer for not renewing the deposits, the deposit will be auto-renewed. The renewal will be for the same period of time as the matured deposit at the prevailing rate of interest. The automatic renewal will be applicable for deposits with a maturity value of less than Rs. 2 crores at maturity. However, auto-renewal is not applicable to PSB Fixed Deposit Tax Saver Scheme, Capital Gain Deposit, Bulk Deposit, and Inter-Bank Deposit.
The FD provides liquidity in the form of a savings account, as well as better returns on investments held in a fixed deposit. Furthermore, there is a degree of flexibility because the depositor can fulfil his or her financial needs without losing interest. Owing to the transfer of funds to Savings, funds are accessible as an in-built arrangement anytime the depositor needs it.
A new applicant must submit the application form, his or her PAN along with any of the following address proofs. However, no document is required if the applicant is an existing account holder and KYC is updated.
The highest Punjab Sind Bank FD Rate is 5.30% for a tenure ranging from 3 years to 10 years
Yes, Senior citizens will receive an additional 0.50% over and above the existing Punjab Sind Bank FD rates
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