Punjab and Sind Bank FD Interest Rates 2025
Punjab and Sind FD rates range between 3.50% and 7.50% per annum, depending on the tenure, customer category, and deposit type. Punjab and Sind Bank offers tenures ranging from 7 days to 10 years. The bank offers 7.20% interest for a 333-day FD and 7.50% for a 555-day non-callable FD. Senior citizens receive 0.50% additional interest on deposits with tenures of 180 days or more
Investment Plans
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Save upto ₹46,800 in tax under Sec 80C
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Inbuilt Life Cover
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Tax Free Returns Unlike FD+
Buy Online & Get upto 4% extra#
Get Guaranteed returns up to 7.1%*
Fully Tax-Free* (unlike FD), Life Cover Included
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FD Interest Rates
- Punjab and Sind Bank FD Interest Rates 2025
What is a Punjab and Sind Bank Fixed Deposit?
Punjab and Sind Bank fixed deposit is available with a minimum amount of ₹1,000 for regular FDs. FD accounts can be held singly, jointly, or operated through a power of attorney, and senior citizens receive additional interest on eligible tenures. The bank also offers a special scheme called PSB Green Earth Deposit, available for fixed tenures of 22, 44, and 66 months with interest rates of 7.00%, 6.75%, and 6.45%, respectively. The minimum amount for PSB Green Earth Deposit is ₹10,000, and premature withdrawal is allowed as per guidelines. This article outlines current Punjab and Sind Bank FD interest rates for 2025 and key features of the FDs.
Information About
Guaranteed Return Plans
Returns Before Tax
7.1% (TAX-FREE)
Returns After Tax
7.1%
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
Fixed Deposits
Returns Before Tax
7% (TAXABLE)
Returns After Tax
4.8%
Guaranteed Returns
Yes
Life Cover
No
Tax on Profit
Taxable
Risk
Low Risk
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
Returns After Tax
5.5%
Guaranteed Returns
No
Life Cover
No
Tax on Profit
Taxable
Risk
High Risk
*For annual premium upto ₹5 Lacs
Key Benefits of Punjab and Sind Bank Fixed Deposits
Here are some of the major benefits of Punjab and Sind Bank Fixed Deposits.
- Flexible Tenure: You can choose to invest for a duration that suits your financial goals, from as short as 7 days to as long as 10 years, offering flexibility for both short-term and long-term savers.
- Higher Rates for Senior Citizens: Senior citizens enjoy an additional 0.50% interest on fixed deposits with maturities of 180 days and above, helping them earn better returns on their savings.
- Variety of FD Options: Punjab and Sind Bank offers different types of FDs, including Regular Fixed Deposits, PSB Green Earth Schemes, and Tax Saving FDs under Section 80C for individuals looking to reduce taxable income.
- Premature Withdrawal: Most FDs can be closed before maturity if needed. However, a penalty of 1.00% is applied on the applicable interest rate for the period the deposit remained with the bank. Premature withdrawal is not allowed for Tax Saving FDs, except in the event of the depositor’s death.
- Loan Facility: You can avail of a loan or overdraft facility of up to 90% of the FD amount, ensuring liquidity without breaking your deposit. The applicable interest rate is usually 1% to 2% higher than the FD interest rate and depends on the bank's prevailing policy at the time of availing the loan. This facility is available for both general and senior citizen depositors.
- Sweep-In / Sweep-Out Facility: The PSB Flexi Savings Deposit Product offers an auto sweep-in and sweep-out facility. For example, a customer can enable this feature with a defined balance of ₹50,000. Any amount exceeding ₹50,000 in the savings account is automatically transferred in multiples of ₹5,000 into a fixed deposit for periods ranging from 46 to 180 days.
Punjab and Sind Bank FD Interest Rates
Investors can select Punjab and Sind Bank FDs from a wide range of maturities and competitive interest rates.
Punjab and Sind Bank FD rates Less than ₹3 Crores
| Maturity Period | General Rate (% p.a.) | Senior Citizen Rate (% p.a.) |
| 7 – 14 Days | 3.50 | 3.50# |
| 15 – 30 Days | 3.50 | 3.50 |
| 31 – 45 Days | 4.00 | 4.00 |
| 46 – 90 Days | 4.50 | 4.50 |
| 91 – 120 Days | 4.50 | 4.50 |
| 121 – 150 Days | 4.50 | 4.50 |
| 151 – 179 Days | 6.00 | 6.00 |
| 180 – 364 Days | 5.25 | 5.75 |
| 1 Year | 6.30 | 6.80 |
| >1 Year – 374 Days | 6.00 | 6.50 |
| 375 Days | 7.25 | 7.75 |
| 376 Days – 443 Days | 6.00 | 6.50 |
| 444 Days | 7.10** | 7.60** |
| 445 Days – < 22 Months | 6.00 | 6.50 |
| 22 Months (PSB Green Earth) | 6.10 | 6.60 |
| >22 Months – < 2 Years | 6.00 | 6.50 |
| 2 Years – 776 Days | 6.30 | 6.80 |
| 777 Days | 6.50 ($) | 7.00 ($) |
| 778 Days – 998 Days | 6.30 | 6.80 |
| 999 Days (Callable) | 6.35 ($) | 6.85 ($) |
| 999 Days (Non-Callable) | 6.40 ($) | 6.90 ($) |
| 1000 Days – < 3 Years | 6.30 | 6.80 |
| 3 Years – < 44 Months | 6.00 | 6.50 |
| 44 Months (PSB Green Earth) | 6.10 | 6.60 |
| >44 Months – 5 Years | 6.00 | 6.50 |
| 5 Years | 6.50 | 7.00 |
| 66 Months (PSB Green Earth) | 6.35 | 6.85 |
| >5 Years – < 66 Months | 6.25 | 6.75 |
| 66 Months (PSB Green Earth) | 6.35 | 6.85 |
| >66 Months – 10 Years | 6.25 | 6.75 |
*Punjab and Sind Bank FD interest rates w.e.f. April 01, 2025
Note:#Minimum deposit ₹1.00 lakh
** Valid up to 30.06.2025
FD interest rates India have fallen consistently over the last 12 years.
Punjab and Sind Bank FD Rates (Bulk Deposits)
| Period | Rates (% p.a.) ₹3 Cr to ₹5 Cr |
Rates (% p.a.) ₹5 Cr to ₹10 Cr |
| 7 – 14 Days | 5.25 | 5.25 |
| 15 – 30 Days | 5.25 | 5.25 |
| 31 – 45 Days | 5.50 | 5.50 |
| 46 – 60 Days | 5.50 | 5.50 |
| 61 – 90 Days | 5.50 | 5.50 |
| 91 – 180 Days | 6.25 | 6.25 |
| 181 – 270 Days | 6.50 | 6.50 |
| 271 – 364 Days | 6.50 | 6.50 |
| 1 Year to 2 Years | 6.75 | 6.75 |
| Above 2 Years to 3 Years | 6.00 | 6.00 |
| Above 3 Years to 5 Years | 5.50 | 5.50 |
| Above 5 Years to 10 Years | 5.00 | 5.00 |
*Punjab and Sind Bank FD interest rates w.e.f. May 27, 2025
Punjab and Sind Bank FD Rates
| Period | Rates (% p.a.) ₹10 Cr to ₹15 Cr |
Rates (% p.a.) ₹15 Cr to ₹25 Cr |
| 7 – 14 Days | 5.25% | 5.25% |
| 15 – 30 Days | 5.25% | 5.25% |
| 31 – 45 Days | 5.50% | 5.50% |
| 46 – 60 Days | 5.50% | 5.50% |
| 61 – 90 Days | 5.50% | 5.50% |
| 91 – 180 Days | 6.25% | 6.25% |
| 181 – 270 Days | 6.50% | 6.50% |
| 271 – 364 Days | 6.50% | 6.50% |
| 1 Year to 2 Years | 6.75% | 6.75% |
| Above 2 Years to 3 Years | 6.00% | 6.00% |
| Above 3 Years to 5 Years | 5.50% | 5.50% |
| Above 5 Years to 10 Years | 5.00% | 5.00% |
*Punjab and Sind Bank FD interest rates w.e.f. May 27, 2025
Check FD Interest Rates in India to see how Punjab and Sind Bank compare with other banks.
How to Open a Punjab and Sind Bank FD
Opening a Fixed Deposit (FD) with Punjab and Sind Bank is simple, whether you’re an existing account holder or a new customer. You can choose from online or offline methods, based on your convenience.
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Online Method
For Existing Customers:
- Log in to Punjab and Sind Bank’s Internet Banking portal or PSB UNiC mobile app.
- Navigate to the Fixed Deposit section.
- Click on ‘Open Fixed Deposit’.
- Enter your deposit amount and select the desired tenure (from 7 days to 10 years).
- Choose the type of FD (cumulative or non-cumulative) and your interest payout frequency.
- Provide nominee details.
- Confirm your details and submit the request.
- You’ll receive a digital confirmation and FD receipt on your registered email or via the portal.
For New Customers:
- Visit the official website and navigate to the “Digital Banking” section.
- Click on ‘Open Digital FD’ (available in select locations).
- Complete digital onboarding/KYC, if applicable.
- Enter FD details: amount, tenure, and nominee.
- Make an online payment through UPI or net banking.
- Get instant confirmation of your FD booking.
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Offline Method
- Visit your nearest Punjab and Sind Bank branch.
- If you’re a new customer, carry original and photocopies of KYC documents.
- Fill out the FD Application Form with your desired amount, tenure, and FD type.
- Submit the form along with a passport-size photograph and ID/address proof.
- Deposit the amount through your Punjab and Sind Bank savings or current account.
- Collect the printed FD receipt with all relevant details, including the Punjab and Sind Bank FD interest rate, maturity value, and date.
Documents Required for Punjab and Sind Bank FD
If you're opening an FD account as a new customer, you need to submit the following:
- Proof of Identity (any one): Aadhaar Card, Voter ID, Passport, PAN Card, Driving Licence, NREGA Job Card
- Proof of Address: Aadhaar, Passport, recent utility bill, or bank statement
- Photograph: One passport-size photo (offline mode)
- PAN Card or Form 60: Mandatory for tax deduction purposes
- Profession Proof: For HUFs, firms, or business accounts
Taxation on Punjab and Sind Bank FD Interest
Interest earned on Fixed Deposits with Punjab and Sind Bank is taxable under the head “Income from Other Sources” according to your income tax slab. As per Section 194A of the Income Tax Act, the bank deducts Tax Deducted at Source (TDS) at the rate of 10% if the total interest earned in a financial year exceeds ₹50,000 for regular individuals and ₹1,00,000 for senior citizens.
If you do not provide your PAN card, the TDS is deducted at a higher rate of 20%. To avoid TDS deduction, individuals whose total income is below the taxable limit can submit Form 15G or 15H (for non-senior and senior citizens, respectively).
Key Takeaways
Punjab and Sind Bank Fixed Deposits offer interest across various tenures, helping individuals align savings with their financial goals. FDs can be opened online via Internet Banking or the PSB UNiC app, as well as offline at any branch. Features like loan facility, nomination, and higher rates for senior citizens add to the convenience. However, special schemes like PSB Green Earth Deposits restrict conversion or renewal, which may not suit all investors. To know which bank currently offers the most attractive fixed deposit returns, check out the highest FD rates available in India.
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FAQs
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Which FD is better in the Punjab and Sind Bank?
Punjab and Sind Bank offers multiple fixed deposit options such as Regular Term Deposits, PSB Green Earth Schemes, and Tax Saving FDs. Each comes with different tenures, interest rates, and benefits. -
What is the penalty for premature FD in Punjab and Sind Bank?
A penalty of 1.00% is charged on the applicable interest rate if the fixed deposit is withdrawn before its maturity. The final interest is calculated based on the rate applicable for the actual tenure the deposit remained with the bank. -
Can a tax-saving FD be broken before maturity in Punjab and Sind Bank?
No, Tax Saving Fixed Deposits in Punjab and Sind Bank come with a mandatory 5-year lock-in period and cannot be withdrawn before maturity. An exception is made only in the case of the depositor’s death, where the nominee or legal heir may close the FD prematurely. -
Can I open a joint FD account with Punjab and Sind Bank?
Yes, Punjab and Sind Bank allows you to open a joint fixed deposit account with up to three applicants. Joint account holders can also nominate a beneficiary for the FD.
*All savings are provided by the insurer as per the IRDAI approved
insurance plan. Standard T&C Apply
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable
tax slabs post 31st march 2023
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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