Special FD Plan: Customers can receive more than 8% interest on FDs,.

 Interest rates on fixed deposits under Rs. 2 crore were raised at public sector lender Punjab and Sind Bank (PSB).

On deposits expiring in the next seven days to ten years, the bank is now offering interest rates of 2.80% to 6.25%. The top interest rate on fixed deposits with maturities in 601 days is 7.25% for the general public, 7.75% for seniors, and 8.10% for extremely senior individuals. All Fixed Deposits made under the Capital Gain Account Scheme of 1988, Domestic Term Deposit, NRO Account, Capital Gain Account, Recurrent Deposit Plan, and PSB Fixed Deposit Tax Saver Plan are subject to the applicable interest rate.

Good news for bank customers! Now more than 8% interest will be available on FD.

Earn 90 thousand every month sitting at home! Country’s largest government bank is giving this opportunity, just have to do this work.

According to the bank's official website, the most recent FD rates go into effect on February 21, 2023. The bank is currently offering an interest rate of 2.80% on fixed deposits that mature in 7 to 30 days, and it will soon be offering an interest rate of 3.00% on FDs that mature in 31 to 45 days. The interest rate offered by Punjab and Sind Bank (PSB) would be 4.75% for deposits made between 46 and 90 days and 5.10% for deposits made between 91 and 179 days.

When will clients receive interest that is higher than 8%?

Deposits maturing in 180 days to 364 days will now earn interest at a rate of 6.10%, while those maturing in 1 year to 2 years will now earn interest at a rate of 6.40%. The bank will pay an interest rate of 6.75% on deposits that mature in two to three years. On deposits for three to ten years, Punjab and Sind Bank (PSB) will now pay interest at a rate of 6.25%. Elderly people would receive an additional 0.50% interest on fixed deposits under Rs 2 crore.

Special FD Programs

Moreover, Punjab and Sind Bank (PSB) offers unique fixed deposit plans with terms ranging from 300 days to 1051 days. Punjab and Sind Bank (PSB) will get an interest rate of 5.25% on its 300-day fixed deposit program, while elderly citizens and very senior citizens will each receive an interest rate of 5.75% and 6.10%, respectively. Regular customers of Punjab and Sind Bank (PSB) will receive an interest rate of 7.00% on the PSB Fantastic Plus 601 Days Fixed Deposit Plan, senior citizens will receive an interest rate of 7.50%, and super senior citizens will receive an interest rate of 7.85%.