If you are a customer of Punjab & Sind Bank then there is good news for you. Punjab and Sind Bank have increased their savings accounts and fixed deposit rates in a single jump. The bank will now give a maximum interest of 5% to its customers on depositing money in the savings account. The bank will give an interest of 2.80% to 6.10% to its customers on FDs of 7 days to 10 years. According to the information received from the bank’s official website, the increased new interest rates are applicable from November 1.
Punjab & Sind Bank New Savings Account Rates
After increasing the interest rates on savings accounts, the bank is now offering 2.80% interest to its customers on deposits up to Rs 1 crore. At the same time, banks will pay 2.90% interest on savings account balances between Rs 1 crore and Rs 100 crore, 4.50% on savings account balances between Rs 100 crore and Rs 500 crore and 5% on all savings account balances above Rs 500 crore. is giving.
6.10% interest will be available on FD of this time period
After the increase in interest rates, now Punjab and Sind Bank are offering their customers 2.80% on fixed deposits from 7 days to 30 days, 3% on FDs of 30 days to 45 days, and on FDs of 46 to 90 days. 4% is paying an interest of 4.20% on FDs of 91 days to 120 days. Whereas banks 4.30% on FDs of 121 days to 179 days, 4.80% on FDs of 180 days to 269 days, 5% on FDs of 270 days to 364 days, 6.10 percent on FDs of 1 year to 2 years, 2 years to 3 It is giving interest of 6.25% on one year FD and 6.10 percent on FD of 3 years to 10 years.
The interest of 7.10% will be available on the tenure of 5 years
The bank has started a special FD scheme ‘PSB Fixed Deposit Tax Saver Scheme’ for a period of 5 years. Under this special FD scheme, the bank will pay an interest of 6.10% to its ordinary citizens and 6.60% to its senior citizen customers. Whereas, under this special FD scheme, the staff member and ex-staff member of the bank will get an interest of 7.10 percent.
