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Good news for the customers of this government bank! Higher returns on FD account

Punjab and Sind Bank FD Rate Hike: Another government sector bank i.e. Punjab and Sind Bank has decided to increase Fixed Deposit Rates (PSB FD Rates). This will have a direct impact on the customers of the bank and they will now get more returns on the FD scheme (Punjab and Sind Bank FD Rates). The bank has fixed different interest rates on FDs of different tenures. The bank has decided to increase these new rates on FDs of less than Rs 2 crore. These new rates will be implemented from tomorrow i.e. July 11, 2022.

Recently, the bank had increased the interest rates of its FD on July 1, 2022. For some time now, government and private sector banks have been increasing their FD and savings account interest rates as the Reserve Bank has increased the repo rate by 0.90% in the month of May and June combined. This has a direct impact on the interest rates of bank deposit accounts and FDs. If you are also a customer of Punjab and Sind Bank, then we are telling you about the latest interest rates (Punjab and Sind Bank Latest FD Rates)-

This rate of interest will be available on the bank’s FD of Rs 2 crore-

    • 7 to 14 days – 2.80%
    • 15 to 30 days- 2.80%
    • 31 to 45 days- 2.80%
    • 46 to 90 days- 3.70%
    • 91 days to 120 days – 3.90%
    • 121 days to 150 days – 3.90%
    • 151 days to 179 days – 3.90%
    • 180 days to 269 days – 4.45%
    • 270 days to 364 days- 4.50%
    • 1 year to 2 years – 5.35% (previously 5.25%)
    • 2 years to 3 years – 5.40% (earlier 5.40%)
    • 3 years to 5 years – 5.60% (previously 5.55%)
    • 5 to 10 years – 5.55%

Rate of interest received on the savings account account of PSB-

    • On deposits of 1 crore – 2.80%
    • On deposits of 1 crore to 100 crores – 2.90%
    • On deposits above Rs 100 crore – 3.00%

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