Punjab & Sind Bank revises FD interest rates, extends special FD deadline; check details

economictimes.indiatimes.com:

Punjab & Sindh Bank offers interest rates between 2.80% to 7.10% after the revision, with effect from July 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 364 days and 1 year and 399 days currently earn 6.00% and 6.40% interest, respectively. The bank is now paying 7.10% on special fixed deposits with maturities of 400 days, while Punjab & Sind Bank (PSB) is paying 6.40% on deposits with maturities of 401 to 554 days.

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The highest interest rate on deposits maturing in 555 days is 7.35%, while the interest rate on deposits maturing in 556 days to 600 days is 6.40%. Deposits maturing in 601 days will now earn 7%, while those maturing in 602 days to two years will receive 6.40%. The bank now offers a 6.40% interest rate on fixed deposits maturing in 602 days to two years, while Punjab & Sind Bank (PSB) offers a 6.75% rate on deposits maturing in 2 years to 3 years. Deposits with maturities ranging from three to 10 years will now yield 6.25% interest. Note that deposit with 7% interest on tenure of 601 Days and 7.10% of 400 Days is valid up to September 30, 2023 only.