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March 16, 2023

Punjab and Sind Bank increased savings account and FD rate, now customers will get more returns

Punjab and Sind Bank increased savings account and FD rate, now customers will get more returns

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.

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