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Punjab and Sind Financial institution Broadcasts New FD Charges Ranging Between 2.8% p.a. to six.10% p.a


Final Up to date: November 07, 2022, 11:20 IST

The followings are the tenure and interest rates.

The followings are the tenure and rates of interest.

Senior residents will profit from further rates of interest of 0.50 % on time period deposits of lower than Rs. 2 crore, over and above the talked about charges.

Following within the footsteps of the Indian Financial institution, Punjab and Sind Financial institution has revised their rates of interest on fastened deposits and saving accounts. The up to date rates of interest have come into impact from November 1, 2022. The Punjab and Sind Financial institution presents a most rate of interest of 5.00% on financial savings accounts whereas at fastened deposits a variety of two.80% to six.10% with maturities starting from 7 days to 10 years. The followings are the tenure and rates of interest:

7 days to 14 days — 2.80%
15 days to 30 days — 2.80%
31 days to 45 days — 3.00%
46 days to 90 days — 4.00%
91 days to 120 days — 4.20%
121 days to 150 days — 4.30%
151 days to 179 days — 4.30%
180 days to 269 days— 4.80%
270 days to 364 days— 5.00%
12 months to 24 months— 6.10%

24 months 1 day to 36 months— 6.25%
36 months to 60 months — 6.10%
60 months 1 day to 120 months — 6.10%

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The financial institution on its net portal has stated that senior residents will profit from further rates of interest of 0.50 % on time period deposits of lower than Rs. 2 crore, over and above the talked about charges for the maturity of 180 days & above for recent in addition to on a renewal of time period deposits. The profit shall not be out there to NRE and NRO Deposits.

Not too long ago, the financial institution has additionally launched 5 totally different particular fastened deposit schemes with distinctive advantages for its prospects. These are the schemes- Particular Charge for Particular Days (SRSD-1051), The Energy of 400 Days, Funding Plus-501 Days, PSB Fabulous 300 Days, and Fabulous Plus 601 Days are launched for a restricted tenure.

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