Punjab & Sind Bank has recently revised its Fixed Deposit (FD) interest rates, offering customers attractive returns of up to 7.50% per annum. The revised rates came into effect on March 15, 2025, and apply to deposits below ₹3 crore. With special tenure schemes and additional benefits for senior and super senior citizens, the bank aims to attract both new and existing customers looking for safe investment options.
Punjab & Sind Bank FD Interest Rates 2025
| Feature | Details |
|---|---|
| Effective Date | March 15, 2025 |
| FD Interest Rates Range | 4.00% to 7.50% per annum |
| Highest Interest Rate | 7.50% on 555-day Non-Callable FD |
| Special Tenure Rates | 333 days (7.20%), 444 days (7.30%), 555 days (7.45% Callable, 7.50% Non-Callable), 777 days (7.25%), 999 days (up to 7.40%) |
| Senior Citizens Benefit | Additional 0.50% for deposits < ₹3 crore (maturity ≥ 180 days) |
| Super Senior Citizens Benefit | Extra 0.15% for specific tenures (over and above senior citizen benefit) |
| Minimum Deposit Amount | As per bank terms |
| Maximum Deposit Amount | Up to ₹3 crore for standard rates |
Punjab & Sind Bank’s decision to revise FD interest rates up to 7.50% p.a. offers an excellent opportunity for investors seeking safe, assured returns. Whether you’re a seasoned professional, a retiree, or a beginner in personal finance, these FDs can be a reliable addition to your portfolio. Make sure to choose the appropriate tenure and consider senior citizen benefits if applicable.
Why Punjab & Sind Bank Revised FD Rates Matter
Fixed Deposits (FDs) are one of the safest investment instruments, especially in India, where risk-averse investors prefer guaranteed returns over volatile stock markets. By increasing FD rates, Punjab & Sind Bank not only enhances its appeal but also provides an opportunity for customers to lock in higher returns amid fluctuating economic conditions.
Example: If you invest ₹1,00,000 in a 555-day Non-Callable FD at 7.50%, you will earn an approximate maturity value of ₹111,390, which is considerably better than many savings accounts or other low-risk products.
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Detailed Breakdown of Punjab & Sind Bank FD Interest Rates
Short-Term Deposits (Less than 1 Year)
| Tenure | Interest Rate (p.a.) |
|---|---|
| 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% |
Special Tenure Schemes
| Tenure | Interest Rate (p.a.) |
|---|---|
| 444 days | 7.30% |
| 555 days | 7.45% (Callable), 7.50% (Non-Callable) |
| 777 days | 7.25% |
| 999 days | 6.65% (Callable), 7.40% (Non-Callable) |
Long-Term Deposits (1 Year & Above)
| Tenure | Interest Rate (p.a.) |
|---|---|
| 1 year | 6.30% |
| 22 months (PSB Green Earth) | 7.00% |
| 2 years to less than 3 years | 6.30% |
| 44 months (PSB Green Earth) | 6.75% |
| 5 years | 6.50% |
| 66 months (PSB Green Earth) | 6.45% |
| Above 5 years up to 10 years | 6.25% |
Additional Benefits for Senior & Super Senior Citizens
Punjab & Sind Bank offers special interest rate benefits to cater to the financial security of elderly depositors:
For Senior Citizens (Age 60+):
- Additional 0.50% interest rate on term deposits below ₹3 crore.
- Applicable for tenures 180 days & above.
For Super Senior Citizens (Age 80+):
- Additional 0.15% over the senior citizen benefit on select tenures.
- Specifically applicable to:
- 333 days
- 444 days
- 555 days
- 777 days
- 999 days
- PSB Green Earth tenures (22 months, 44 months, 66 months)
Important: These benefits do not apply to NRE, NRO deposits, capital gains accounts, or bulk deposits over ₹3 crore.
How to Open an FD with Punjab & Sind Bank
Opening a Fixed Deposit at Punjab & Sind Bank is simple. Here’s a step-by-step guide:
Step 1: Choose the Tenure & Type
Decide on the deposit period. If you want the highest return, opt for the 555-day Non-Callable FD at 7.50%.
Step 2: Visit a Branch or Apply Online
- Visit your nearest Punjab & Sind Bank branch.
- Alternatively, use the Punjab & Sind Bank Online Banking portal.
Step 3: Provide Required Documents
- Identity Proof (Aadhaar Card, PAN Card, etc.)
- Address Proof
- Passport-sized photographs
- Senior citizens should carry age proof for additional benefits.
Step 4: Deposit Amount
Deposit an amount as per bank norms, up to ₹3 crore to avail standard rates.
Step 5: Get FD Receipt
Once processed, the bank will provide an FD receipt mentioning tenure, rate, and maturity details.
Professional Insights: Should You Invest in Punjab & Sind Bank FDs?
Professionals and investors looking for low-risk, stable returns will find the 7.50% interest rate highly competitive, especially when compared to savings accounts or traditional bank FDs. It’s particularly appealing for:
- Retired professionals and senior citizens seeking steady income.
- First-time investors who want guaranteed returns.
- Conservative investors avoiding market-linked risks.
Moreover, businesses can use FDs as a secure parking option for short-term funds.
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Punjab & Sind Bank FD Interest Rates FAQs
1. What is the maximum FD interest rate offered by Punjab & Sind Bank in 2025?
Punjab & Sind Bank offers a maximum interest rate of 7.50% p.a. on 555-day Non-Callable FDs.
2. Who can avail senior citizen benefits?
Indian residents aged 60 years and above are eligible for an additional 0.50% interest on deposits of less than ₹3 crore.
3. Are Non-Resident Indians (NRIs) eligible for these FD rates?
No, NRE and NRO accounts are excluded from these interest rates and additional benefits.
4. Is premature withdrawal allowed on Non-Callable FDs?
No, Non-Callable FDs do not allow premature withdrawals.
5. Where can I apply for a Punjab & Sind Bank FD online?
You can apply directly via the official Punjab & Sind Bank portal
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