This government bank has launched 5 unique special fixed deposit (FD) schemes

PSB Special Rate for Special Days (SRSD-1051)

The tenor of this particular FD is 1051 days, and the program is valid till June 23, 2023. Individuals: Resident individuals, including minors, can open this account. Under this scheme, customers will get 25 bps more than the interest rates applicable for the fixed deposit scheme for a specified period. Available modes of account operation include single operation, joint operation, operation through power of attorney, etc.

Minimum deposit Rs. 25000, in multiples of Rs. 5000, and the maximum limit 1,50,00,000/- is required to open the account. Customer may use the Services including Nomination Option, Account Transfer, and Premature Withdrawal/Closing subject to penalty after effective account creation.

PSB 400 days power

This particular FD comes with a maturity period of only 400 days and the plan is valid till 31st December 2022. Punjab and Sind Bank (PSB) offers a special interest rate, which is 5.80% (p.a.) for General. The public and senior citizens get benefits in terms of the additional interest rate available under this scheme.

The minimum deposit amount to open an account is 25,000 (more 25,000 in multiples of 5000, 10,000), and the maximum deposit limit is 1,50,00,000/-. All branches are allowed to register accounts under this scheme. PSB The Power of 400 Days Special FD scheme also comes with the facility of auto-renewal and nomination.

PSB Nivesh Plus-501 Days

The “PSB Nivesh Plus-501 Days” special FD scheme has a maturity period of 501-days and is effective till December 1, 2022. Resident individual, body of individuals including minors can open this account. Under this scheme, there is a special interest rate or fixed rate of 6.10% (annual), in which the senior citizen gets the benefit in the form of additional interest rate. a minimum amount of 5,000/- and in multiples 1000/- with a maximum limit of Rs. Rs 1.99 crore is needed to open this particular FD.

PSB Fantastic 300 Days

As the name suggests, the “PSB Fabulous 300 Days” special FD plan has a maturity period of 300-days. The scheme is effective till March 31, 2023. Punjab and Sind Bank (PSB) is offering a special interest rate under the program, which is 5.25% (per annum), 5.75% (per annum) for general public. for senior citizens, and 6.10% (per annum) for very senior citizens.

‘Super Senior Citizen Customer’ means “a person of the age of 80 years and above”. Such customers/ex-employees are entitled to get Aadhaar 35 (under this fixed deposit scheme) over and above the rate of interest applicable to senior citizen customers,” the PSB mentioned on its website.

These interest rates will be determined on a quarterly basis. Available modes of operation of account of the scheme include single operation, joint operation, operation through power of attorney etc. Under this scheme, accounts can be opened in any branch. Minimum deposit amount is limited 5,000 and above 1000, while the maximum deposit amount is . limited to 1.99 crores.

PSB Fabulous Plus-601 Days

“PSB Fabulous Plus-601 Days” as the name suggests comes with a specific maturity period of 601 days only and the plan is valid till 31st March 2023. Under this scheme, Punjab and Sind Bank (PSB) offers a special interest rate of 7. % (per annum) for general public, 7.50% (per annum) for senior citizens and 7.85% (per annum) for very senior citizens.

“Super Senior Citizen Customer” means “Person of the age of 80 years and above”. 35 basis (under this Fixed Deposit Scheme) over and above the rate of interest applicable to such Customer/Ex-Employee Senior Citizen Customer. under),” mentioned the PSB on its website.

These interest rates will be calculated by the bank on a quarterly basis. Available modes of operation of account of the scheme include single operation, joint operation, operation through power of attorney etc. The minimum deposit amount is limited to 5,000 and above 1000, while the maximum deposit amount is . limited to 1.99 crores.

PSB Special FD Rates

The interest rate applicable on PSB special fixed deposit schemes is as follows.