Punjab & Sindh Bank has updated its Fixed Deposit (FD) interest rates, effective from March 15, 2025.
This change follows the RBI’s recent repo rate cut, prompting many banks to adjust their FD rates.
Punjab & Sindh Bank is now offering FDs with tenures ranging from 7 days to 10 years, with interest rates between 4.00% and 6.25%. The highest rate, 7.50%, is available on a non-callable FD for 555 days.
Revised FD Interest Rates (Effective from March 15, 2025)
The bank offers an additional 0.50% interest for senior citizens, and super senior citizens get an extra 0.15% on top of that.
Here are the updated rates for various FD tenures:
7-30 days: 4.00%
31-45 days: 4.25%
46-120 days: 4.50%
121-150 days: 4.75%
151-179 days: 6.00%
180-269 days: 5.25%
270-332 days: 5.50%
333 days: 7.20%
334 days to 1 year: 5.50%
1 Year: 6.30%
1 year to 443 days: 6.00%
444 days: 7.30%
Special FD Interest Rates
555 days (Non-Callable): 7.50%
555 days (Callable): 7.45%
556 days to 22 months: 6.00%
22 months (PSB Green Earth FD): 7.00%
22 months to 2 years: 6.00%
2 years to 776 days: 6.30%
777 days: 7.25%
778-998 days: 6.30%
999 days (Callable): 6.65%
999 days (Non-Callable): 7.40%
1000 days to 3 years: 6.30%
Which FD Offers the Highest Interest?
The highest interest rate of 7.50% is offered on the 555 days non-callable FD. Other FD tenures, like the 777 days, 999 days (non-callable), and 444 days, also offer competitive rates.
For those looking for a safe investment with attractive returns, the 555 days FD with 7.50% interest could be a great choice.
Additional FD Information
The following rates are effective from January 1, 2025, for FD investments of Rs. 3 crore:
7-14 days: 4.00%
15-30 days: 4.00%
31-45 days: 4.25%
46-90 days: 4.50%
91-120 days: 4.50%
121-150 days: 4.75%
151-179 days: 6.00%
180-269 days: 5.25%
270-332 days: 5.50%
333 days: 7.20%
334 days to 1 year: 5.50%
1 year: 6.30%
>1 year to 443 days: 6.00%
444 days: 7.30%
>445 to 554 days: 6.00%
555 days (Callable): 7.45%
555 days (Non-Callable): 7.50%
556 days to <22 months: 6.00%
22 Months (PSB Green Earth FD): 7.00%
>22 months to <2 years: 6.00%
2 years to 776 days: 6.30%
777 days: 7.25%
778-998 days: 6.30%
999 days (Callable): 6.65%
999 days (Non-Callable): 7.40%
1000 days to <3 years: 6.30%
>3 years to <44 months: 6.00%
44 Months: 6.75%
>44 months to 5 years: 6.00%
>5 years to <66 months: 6.25%
66 Months: 6.45%
>66 months to 10 years: 6.25%
Punjab and Sindh Bank, established on June 24, 1908, offers these revised FD rates to help customers make informed investment decisions.
