Earn up to 7.4% FD interest rate: Punjab and Sindh Bank revises savings and fixed deposit interest rates

Punjab and Sindh Bank FD rates
Punjab & Sindh Bank offers interest rates between 2.80% to 7.40% after the revision, with effect from September 1, 2023.

For fixed deposits that mature in 7 to 30 days, the bank is now offering an interest rate of 2.80%, and Punjab & Sind Bank (PSB) is now providing an interest rate of 3.0% for deposits that mature in 31 to 45 days. Punjab & Sind Bank (PSB) is now offering interest rates of 4.60% for deposits made within 46 to 90 days and 4.75% for deposits made during 91 to 179 days.

Deposits maturing between 180 to 332 days and 1 year and 333 days currently earn 5.50% and 6.50% interest, respectively. The bank is now paying 7.10% on special fixed deposits with maturities of 400 days, this offer is valid only till September 30, 2023.
While Punjab & Sind Bank (PSB) is paying 6.20% on deposits with maturities of 401 days-443 days, 556 days — 600 days, 602 days — 2 years and 445 days — 554 days.

The bank is offering the highest interest rate of 7.40% on tenure of 444 Days and 7.35% interest on tenure of 555 days.
The bank offers 6.50% on tenure above 2years to less 3 years and 6% on maturities between 3 years to 5 years Deposits with maturities ranging from five to 10 years will now yield 6.25% interest.

Latest FD interest rate

MaturityFixed DepositLess than Rs.2 Cr7 — 14 Days2.80(#)15 — 30 Days2.831 — 45 Days346 — 90 Days4.691 — 120 Days4.75121-150 Days4.75151 — 179 Days4.75180 – 269 Days5.5270 – 332 Days5.5333 Days6.50($)334 Days — 1 Year5.51 Year6.4>1 Year — 399 Days6.2400 Days7.10(##)401 Days-443Days6.2444 Days7.40($)445 Days — 554 Days6.2555 Days7.35($)556 Days — 600 Days6.2601 Days7.00(##)602 Days — 2 Years6.2Above2Years-3Years6.53Years — 5Years6>5 Years — 10 Years*6.25

Savings account

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